Word: feds
(lookup in dictionary)
(lookup stats)
Dates: all
Sort By: most recent first
(reverse)
...Manhattan. According to the Wall Street Journal, authorities are investigating whether some $200 million allegedly laundered through the Bank of New York was siphoned off IMF funds loaned to Russia to stave off its financial collapse. It?s happened before - in 1996, Russia?s own central bank (their Fed!) funneled $1.2 billion in IMF money to an offshore holding company, never to return - and if it?s happening again, the clues are everywhere...
...nest of gamblers, Wall Street can take a while to place its bets. But when it does... Nearly a full week after a tame inflation report made it apparent that the Fed would raise rates once, and just once, when it meets this Tuesday, the markets finally got used to the idea on Monday. The Dow came charging out of the gate to steam up more than 130 points, and after a midafternoon lull sprinted through the tape at 199.15 ? well into record territory. And all this on the eve of a rate hike? Welcome to the "discount" rally...
...they did the day before. No hike? Twice the hike? Rally? Sell-off? Stay out of it until Greenspan?s gospel (2:15 p.m.) is fully digested. For the record, the safe betting is on one quarter-point hike (come on, guys ? when was the last time the Fed raised a half-point?) and then let things be for the rest of 1999. But you knew that already ? we told you last week...
...best way to describe Tuesday?s report that the Consumer Price Index had risen a reasonable 0.3 percent in July (and an even more reasonable 0.2 percent excluding volatile food and energy prices). The morning news sparked a comfortable little rally based on a comfortable little assumption: When the Fed meets on August 24, Alan Greenspan will nudge up interest rates by a quarter point, and just a quarter point. "If you look at the general slope of the numbers, it?s apparent that inflation pressures are picking up a little," says TIME senior economics reporter Bernard Baumohl...
...indeed a well-known fact that Cornel West is one of the best communicators on earth," said April Yvonne Garrett, a former student. "As a student, I always felt like my brain was being fed the finest information in the universe. I was always amazed that he could communicate the most difficult concepts so that the average person could understand them and apply them," she said...