>> Bildauswahl durch die BSNgine, zum Originalzusammenhang

Digitale Plattform der Erste Group: Deutsche Banken werfen Auge auf „George“

Mit ihrer digitalen Plattform „George“ will die Wiener Erste Group so etwas wie der iTunes Store im Banking werden. Deutsche Banken sind offenbar interessiert an dem Service. In anderen Ländern ist er bereits im Einsatz.

Weiterlesen bei www.handelsblatt.com

>> Bildauswahl durch die BSNgine, zum Originalzusammenhang

Fed leaves interest rates unchanged, says the economy is solid despite hurricanes

The Federal Reserve left its benchmark interest rate unchanged after a two-day meeting in Washington, but signaled it may hike at its December meeting. It said the economy continued to expand at a solid pace despite disruptions caused by recent hurricanes. This statement was overshadowed by speculation of who President Donald Trump will name Thursday as his nominee for chair of the Fed board.  The Federal Reserve on Wednesday left its benchmark interest rate unchanged, as expected. In a statement, the Fed said economic activity was on the rise despite recent hurricanes. "Although the hurricanes caused a drop in payroll employment in September, the unemployment rate declined further," the Federal Open Market Committee said."Household spending has been expanding at a moderate rate, and growth in business fixed investment has picked up in recent quarters."Ahead of Wednesday's statement, futures traders saw a 0% chance of a hike in the federal funds rate from the current range of 1%-1.25%. They saw an 85% chance of an increase in December, according to Bloomberg's world interest rate probability. "Past experience suggests that the storms are unlikely to materially alter the course of the national economy over the medium term," the FOMC said. It hinted that it would consider raising rates in December as "economic conditions will evolve in a manner that will warrant gradual increases in the federal funds rate." The bigger Fed story this week is President Donald Trump's announcement Thursday of his nominee for chair of the Fed board. On Wednesday, Trump said Chair Janet Yellen, whose first term ends in February, was "excellent," but didn't say that he would reappoint her. Multiple outlets have reported he plans to nominate Fed Governor Jerome Powell, who aligns with many of Yellen's policy views.   Here's the full statement: Information received since the Federal Open Market Committee met in September indicates that the labor market has continued to strengthen and that economic activity has been rising at a solid rate despite hurricane-related disruptions. Although the hurricanes caused a drop in payroll employment in September, the unemployment rate declined further. Household spending has been expanding at a moderate rate, and growth in business fixed investment has picked up in recent quarters. Gasoline prices rose in the aftermath of the hurricanes, boosting overall inflation in September; however, inflation for items other than food and energy remained soft. On a 12-month basis, both inflation measures have declined this year and are running below 2 percent. Market-based measures of inflation compensation remain low; survey-based measures of longer-term inflation expectations are little changed, on balance.Consistent with its statutory mandate, the Committee seeks to foster maximum employment and price stability. Hurricane-related disruptions and rebuilding will continue to affect economic activity, employment, and inflation in the near term, but past experience suggests that the storms are unlikely to materially alter the course of the national economy over the medium term. Consequently, the Committee continues to expect that, with gradual adjustments in the stance of monetary policy, economic activity will expand at a moderate pace, and labor market conditions will strengthen somewhat further. Inflation on a 12-month basis is expected to remain somewhat below 2 percent in the near term but to stabilize around the Committee's 2 percent objective over the medium term. Near-term risks to the economic outlook appear roughly balanced, but the Committee is monitoring inflation developments closely.In view of realized and expected labor market conditions and inflation, the Committee decided to maintain the target range for the federal funds rate at 1 to 1-1/4 percent. The stance of monetary policy remains accommodative, thereby supporting some further strengthening in labor market conditions and a sustained return to 2 percent inflation.In determining the timing and size of future adjustments to the target range for the federal funds rate, the Committee will assess realized and expected economic conditions relative to its objectives of maximum employment and 2 percent inflation. This assessment will take into account a wide range of information, including measures of labor market conditions, indicators of inflation pressures and inflation expectations, and readings on financial and international developments. The Committee will carefully monitor actual and expected inflation developments relative to its symmetric inflation goal. The Committee expects that economic conditions will evolve in a manner that will warrant gradual increases in the federal funds rate; the federal funds rate is likely to remain, for some time, below levels that are expected to prevail in the longer run. However, the actual path of the federal funds rate will depend on the economic outlook as informed by incoming data.The balance sheet normalization program initiated in October 2017 is proceeding.Voting for the FOMC monetary policy action were: Janet L. Yellen, Chair; William C. Dudley, Vice Chairman; Lael Brainard; Charles L. Evans; Patrick Harker; Robert S. Kaplan; Neel Kashkari; Jerome H. Powell; and Randal K. Quarles.More to come, refresh this page for updates ...SEE ALSO: Something odd is happening to one of the most attractive trades of 2017Join the conversation about this story » NOW WATCH: $6 TRILLION INVESTMENT CHIEF: Bitcoin is a bubble

Weiterlesen bei feedproxy.google.com

Useletter

Die Useletter "Morning Xpresso" und "Evening Xtrakt" heben sich deutlich von den gängigen Newslettern ab. Beispiele ansehen bzw. kostenfrei anmelden. Wichtige Börse-Infos garantiert.

Newsletter abonnieren

Runplugged

Infos über neue Financial Literacy Audio Files für die Runplugged App
(kostenfrei downloaden über http://runplugged.com/spreadit)

per Newsletter erhalten