Written by Higher-than-expected demand for cash from the European Central Bank on Thursday signaled that many banks are still unable to get the funds they need on the open market, setting back policy makers’ efforts to take banks off life support. READ MORE »
Posts tagged central bank
China reports surprising trade surplus jump
China’s trade surplus with the rest of the world grew more than expected in June, according to numbers released Saturday. READ MORE »
Analysis: The uncomfortable mathematics of monetary policy
Bigger, as the Federal Reserve may soon discover, is not always better. READ MORE »
Bernanke Says Economy Recovering More Slowly Than Policy Makers Would Like
Federal Reserve Chairman Ben S. Bernanke said the U.S. economy is recovering at a slower pace than policy makers want even as the central bank’s more than $1 trillion in bond purchases have reduced interest rates. READ MORE »
Crude Oil Rises on Port Closures, Speculation of Growth in U.S.
Oil traded little changed near a five-month high in New York after U.S. service companies expanded faster than forecast and an industry report showed gasoline inventories declined the most since May 2009. READ MORE »