Market on Edge as Bernanke Prepares to Take the Stage
FREE Breaking News Alerts from StreetInsider.com!
StreetInsider.com Top Tickers, 8/15/2026
- S&P 500 ends lower as investors weigh data, Middle East tensions
- BofA's Hartnett explains why Wall Street is trading with 'no fear'
- Oil rises after US threatens indefinite blockade of Iran; set for weekly gains
- Are KOSPI and SOX in a bubble? Citi answers
- Could Intel return to the red-hot memory market after $20B raise and recent hire?
- S&P 500 ends lower as investors weigh data, Middle East tensions
- BOJ eyeing September rate hike, faster pace of tightening, sources say
- BofA's Hartnett explains why Wall Street is trading with 'no fear'
- SanDisk upgraded at JPMorgan after investor day; shares climb
- Micron: New Street upgrades to buy, says memory is no longer a cyclical story
Bernanke Is Dangling the QE3 Carrot... Again
August 24, 2012 12:53 PM EDTThe Fed keeps dangling the QE carrot... then hiding it... then pulling it out... then hiding it... and so on.
Today it is back out.
In a letter to U.S. Rep. Darrell Issa (R), Federal Reserve Chairman Ben Bernanke defended the Fed's actions so far and said there is room to do more. "There is scope for further action by the Federal Reserve to... More
Fed's Bullard Calls FOMC Minutes "Stale"
August 23, 2012 10:12 AM EDTSpeaking on CNBC Thursday morning, St. Louis President James Bullard said the FOMC minutes were no longer relevant because of recent, positive economic data in the U.S. and the rally in the stock market. Yesterday's... More
Fed May Ease "Fairly Soon"
August 22, 2012 2:30 PM EDTStocks lifted Wednesday afternoon following minutes from the Federal Reserve's July 31st-August 1 meeting suggesting that additional accommodative action could be announced shortly.
The comment that is sticking in the craw of traders is:
"Many members judged that additional monetary accommodation would likely be warranted fairly soon unless incoming information pointed to a substantial and sustainable strengthening in the pace of the economic recovery"
Discussing what policy tools the FOMC might employ if additional easing is necessary, they noted:
One of the policy options discussed was an extension of the period over which the Committee expected to maintain its target range for the federal funds rate at 0 to 1/4 percent. It was noted that such an extension might be particularly effective if done in conjunction with a statement indicating that a highly accommodative stance of monetary policy was likely to be maintained even as the recovery progressed. Given the uncertainty... More
