Glanbia products: the company had a good day on the stock exchange, climbing 2.6 per cent to €9.85.  Photograph: Matt Kavanagh/The Irish Times

European markets surge as biggest firms including BP and UBS report earnings

Federal Reserve chairman Ben Bernanke speaks during a news conference at the Federal Reserve in Washington, yesterday. Photograph: Doug Mills/The New York Times
US Fed to keep asset purchases steady
  • World
  • September 19, 2013, 01:00

The US Federal Reserve last night sprung a surprise on markets by keeping its asset purchases steady at $85 billion (€63 billion) a month as it cut gr(...)

US Federal Reserve Chairman  Ben Bernanke

A slowing of US Federal Reserve asset purchases is still in the balance with many officials wanting more gains in the jobs market first, according to (...)

A police officer guarding the Federal Reserve building in Washington, DC: the challenge in unwinding current policies is not technical. As Fed chairman Ben Bernanke explained in February 2010, exit from quantitative easing and bloated central bank balance sheets is technically straightforward. Photograph: Andrew Harrer/Bloomberg

Since the beginning of May, monetary policy has undergone a substantial tightening. This has taken the form of a rise in the yield on the bonds of hig(...)

Federal Reserve Board Chairman Ben Bernanke attends a news conference at the Federal Reserve offices in Washington.

The US Federal Reserve kept its foot on the monetary accelerator but made a slight change to the language on its third round o(...)

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