US Fed - updates

Rappler's latest stories on US Fed


UBS sees slower growth, weaker peso for 2017, 2018

Dec 28, 2016 - 8:14 PM

The global financial giant forecasts economic growth to slow to 5 6 next year and 6 0 in 2018 with the peso hitting 51 to the dollar next year and falling further to 55 in 2018

Trump's victory challenges Fed policy, independence

Nov 10, 2016 - 3:10 PM

Some analysts say a rate increase could again be off the table after Donald Trump won the US presidential election

This combination of file photos shows Federal Reserve Board Chair Janet Yellen(L) and Reuplican presidential nominee Donald Trump. When the US Federal Reserve issues its next interest rate decision on November 2, 2016, the dawn of a bitterly fought presidential election day will be only 136 hours away. Trailing in opinion polls, Republican nominee Donald Trump has lambasted the central bank and accused it of artificially suppressing rates to help President Barack Obama -- a charge Fed Chair Janet Yellen has emphatically denied.  / AFP PHOTO / DESK

Dominguez: Fed rate hike talks mainly caused peso depreciation

Nov 02, 2016 - 7:30 PM

On Wednesday November 2 the Philippine peso slightly strengthens against the US dollar as the greenback weakens on growing concerns over the US elections

Finance Secretary Carlos Dominguez III says that the country's growth momentum, coupled with low inflation rate, stable currency, and strong political leadership of the Duterte administration, has earnestly opened the doors for business with other nations. Photo by King Rodriguez/Presidential Photo

Clinton vs Trump, Duterte, vs Abu Sayyaf, Philippine peso drop | 12PM wRap

Sep 27, 2016 - 12:31 PM

Watch the 12PM wRap with Maria Ressa

Peso hits 7-year low vs US dollar

Sep 26, 2016 - 7:00 PM

The Philippine peso closes at P48 25 to 1 on Monday September 26 amid domestic and global uncertainty

Hague ruling won't affect PH, China credit ratings – Moody's

Jul 13, 2016 - 7:40 PM

We assess geopolitical strains as posing a very low risk of weighing on sovereign credit trends in China or the Philippines says Moody s senior vice president Marie Diron

POLICY PAPER. Pamphlets titled 'Facts and Policy; The China-Philippine Dispute in the South China Sea' and the policy paper on China's position on the ruling of an international tribunal on the South China Sea are seen beside a reporter during a press conference in Beijing, China on July 13. Photo by How Hwee Young/EPA

IMF retains PH growth outlook for 2016 despite global headwinds

Jul 12, 2016 - 9:45 PM

The Philippines is seen to survive the twin threats of the Brexit fallout and an impending interest rate hike by the US Fed

Fed Chair Yellen says poor US jobs report 'concerning'

Jun 07, 2016 - 2:15 PM

But Yellen also says the overall labor market situation is quite positive

PHILADELPHIA, PA - JUNE 6: Federal Reserve Chair Janet Yellen arrives for her speech on economic outlook and monetary policy on June 6, 2016 in Philadelphia, Pennsylvania. Today is the last time Ms. Yellen will speak publicly before the blackout period preceding the Federal Open Market Committee meeting on June 15, 2016. Jessica Kourkounis/Getty Images/AFP

Economists maintain 2016 growth projections despite strong start

May 23, 2016 - 4:00 PM

Growth is expected to slow in the second half of the year as the Philippines transitions to a new president and faces global headwinds

Analysts unsure if peso, market losses related to elections

Apr 27, 2016 - 7:50 PM

Could developments in the local political scene be the culprit? Some analysts note that external conditions have been affecting the peso and PSE too

Oil slide, strong dollar drag Asian shares lower

Mar 24, 2016 - 7:05 PM

Crude oil posting its biggest loss in 6 weeks coupled with hints that the US Fed will raise interest rates in April contribute to a bad day for Asian markets

Chinese investors look at a screen showing stock movements at a stock brokerage house in Beijing, China, January 5, 2016. How Hwee Young/EPA

Remittances flat in October

Dec 15, 2015 - 7:30 PM

Cash remittances sent by Overseas Filipinos are slightly up to 3 7 in the first 10 months of 2015 BSP says

UNCHANGED. BSP Governor Amando Tetangco Jr. says the amount of cash remitted by overseas Filipinos was almost unchanged at $2.23 billion in October from $2.29 billion in the same month last year.

The wRap Indonesia: Indonesia to join TPP, US warships near China

Oct 28, 2015 - 6:00 AM

Other stories include orangutans endangered by the haze and the dipping of equities as Asia awaits central bank meetings

Presiden Amerika Barack Obama menemui Presiden Joko Widodo di Ruang Oval Gedung Putih di Washington DC, Amerika Serikat, 26 October 2015 waktu setempat. FotoL EPA/Martin H. Simon

Steve Forbes: Expect turbulence in the short term

Oct 13, 2015 - 8:02 AM

Misguided policies have stalled US growth but these are causing creative destruction that would lead to positive change says the Forbes Media chairman

Photo by Alecs Ongcal/ Rappler

The wRap Indonesia: Haze charges, corruption index

Sep 16, 2015 - 7:00 AM

School closures in Malaysia the release of trade data and the corruption index and other top news in Indonesia and around the world

Indonesia awaits US interest rate rise

Sep 15, 2015 - 11:32 AM

The situation will recover the sooner the Fed makes a decision and then gives expectation to the market that they increase one or two times and then stop says the deputy governor at Indonesia s central bank

WAITING GAME. Indonesia and other emerging economies plea for end of US rates agony.

Stocks: More hot money pulled out in August

Sep 10, 2015 - 4:00 PM

BSP says the imminent interest rate hike by the US Federal Reserve continues to weigh down on investor sentiment

SPECULATIVE. Foreign portfolio investments are also known as "hot money" since these are speculative capital flows that move very quickly in and out of markets.

PH foreign investments take beating from China, Greece issues

Aug 10, 2015 - 7:00 PM

FDI inflows fall 41 9 to 1 64 billion from January to May 2015 compared to 2 82 billion in the same period last year the central bank reports

BSP ready to step in if China slowdown heightens

Jul 20, 2015 - 12:38 AM

The central bank is confident that the economy will withstand the slowdown having faced similar pressures last year

GOING DOWN. A stock investor sits in front of an electronic screen showing stock price at a brokerage house in Beijing, China on July 6. File Photo/EPA Wu Hong

PH peso 2nd least volatile Asian currency so far in 2015

Jul 14, 2015 - 11:44 PM

The peso has moved within acceptable range despite the Greek bailout and China’s stock market collapse

Yellen confounds in first policy announcement

Mar 21, 2014 - 10:18 AM

Did Janet Yellen bungle her first press conference? Or did the Federal Reserve s brand new chair mean it when she appeared to speed up the timeline for a crucial hike in short term interest rates?

FIRST WOMAN FED CHAIR. The US Senate confirmed Federal Reserve vice chair Janet Yellen to be the new head of the US central bank on January 6, 2014. AFP PHOTO/ Files / Brendan SMIALOWSKI

Yellen set for baptism of fire at year's first G20

Feb 19, 2014 - 10:36 AM

The G20 holds its first meeting of the year this weekend with new Fed chief Janet Yellen in the hot seat as emerging economies suffer the side effects of the US central bank s exit from a mammoth stimulus spree

FIRST WOMAN FED CHAIR. The US Senate confirmed Federal Reserve vice chair Janet Yellen to be the new head of the US central bank on January 6, 2014. AFP PHOTO/ Files / Brendan SMIALOWSKI

More firms to list with PSE in 2014

Dec 24, 2013 - 12:02 PM

Corporate appetite is expected to increase in 2014 as the local bourse slowly recovers from sluggish trading

MORE LISTING. More firms are expected to list with the PSE in 2014. Photo by AFP.

Inside story: Fed leaning toward reducing stimulus in 2013

Oct 10, 2013 - 9:48 AM

Federal Reserve policymakers were deeply divided over whether to reduce monetary stimulus in September according to the minutes of the meeting

MONETARY STRATEGY. US Federal Reserve, chaired by Ben Bernanke, decides to keep interest rates?

Why Fed move is an early PSEi Christmas gift

Sep 20, 2013 - 9:30 AM

The Fed s move to keep its massive stimulus program propels our last and final bull ride since the PSE index took off in 2009

Summers rises as Obama pick to head Fed

Sep 11, 2013 - 9:14 AM

Larry Summers former chief economic adviser to President Barack Obama appears increasingly likely to be his choice to succeed Ben Bernanke as Federal Reserve chief

CHOICE FED CHIEF? Larry Summers rises as Obama's pick to head the US Fed. File photo by AFP

Asian stocks destabilize amid fears of Syria intervention

Aug 27, 2013 - 7:30 PM

Fears of military action in Syria compound expectations of the end of the US stimulus program

Asian markets rebound amid upbeat manufacturing data

Aug 23, 2013 - 12:32 PM

This week has seen heavy selling in global markets boosting Asian economies amid US policy concerns

Emerging market currencies slump on US stimulus fears

Aug 21, 2013 - 1:08 PM

Emerging market currencies take major hits amid fears US Fed will close cash tap

Summers, Yellen on shortlist for new Fed chief - Obama

Aug 16, 2013 - 11:16 AM

President Obama mulls who will lead the Federal Reserve after Ben Bernanke leaves in January

BEN BENANKE. President Obama mulls who will lead the Federal Reserve after he leaves in January. File photo by AFP

Asian shares mixed after Wall Street gains

Aug 14, 2013 - 11:04 AM

Asian markets are mixed following the gains in US economy

MIXED MARKETS. A trader monitors stocks at a securities company in Taipei. File photo by AFP

Bernanke successor pick likely in fall

Jul 27, 2013 - 12:17 PM

Recent buzz on who will replace Fed chair Ben Bernanke include Larry Summers Janet Yellen Timothy Geithner and Donald Kohn

SUCCESSOR. Who will replace Federal Reserve Chairman Ben Bernanke? File photo by AFP

Bernanke: Tapering stimulus 'not a preset course'

Jul 17, 2013 - 10:42 PM

US Federal Reserve Chairman Ben Bernanke reiterates the Fed stimulus could be wound up in 2014 if economic growth remains steady as forecast

THE TESTIMONY. Federal Reserve Chairman Ben Bernanke speaks before lawmakers. File photo by AFP

US dollar, stocks fall ahead of Bernanke testimony

Jul 17, 2013 - 8:28 AM

The US dollar bond yields and stocks fall ahead of two days of testimony to Congress on the economy by Federal Reserve Chairman Ben Bernanke

REVERSAL. US stocks snap out from 3 days of record highs ahead of the US Fed chair's testimony before Congress. Photo by EPA

Peso sinks to P44:$1 level

Jun 21, 2013 - 12:31 PM

A weak local currency hikes the peso equivalent received by dollar earners including exporters BPO firms and the beneficiaries of OFW remittances

WEAK PESO. The local currency weakens further as global funds exit emerging markets, like the Philippines, amid expectations the US economy is improving. Photo by AFP

World shares tumble, gold sinks on Fed policy

Jun 21, 2013 - 1:06 AM

Stock markets tumbles around the world and gold slumps to a 3 year low after the US Federal Reserve signals it may begin winding down its massive stimulus program

TUMBLING DOWN. A pedestrian walks in front of a share price board flashing the Tokyo Stock Exchange in Tokyo on June 20, 2013. World stocks fell after US Federal Reserve chairman Ben Bernanke said the bank could start reeling in its massive stimulus. Photo by AFP

Asian markets down ahead of Fed decision

Jun 19, 2013 - 8:48 PM

Asian stock markets are mostly down ahead of the policy meeting of the US Federal Reserve

MOSTLY DOWN. Asian stock markets are mostly down ahead of the policy meeting of the US Federal Reserve. Photo by AFP