News By Region
Friday, February 12, 2016 - 16:09 BOJ Deputy Gov Nakaso: Japan Mon Policy "Lax," Must Remain So 0
-- BOJ Could Buy JGBs W Lower Than -10bp Yld
NEW YORK(MNI) - Japan's monetary policy is currently "lax" and must remain so, with scope for additional easing if needed, said Bank of Japan Deputy Governor Hiroshi Nakaso Friday.
"I am a firm believer that at this critical juncture, the Bank of Japan needs to provide support to the economy by pursuing its inflation targeting policy," he said in a speech to the Japan Society in New York City.
Friday, February 12, 2016 - 14:12 NY Fed: When Credit Tightened, Young Disproportionately Hit 0
--'Graying of American Debt' Has Consequences
--Skewed Borrowing Patterns Have Implications for Growth, Welfare
WASHINGTON (MNI) - When credit underwriting tightened in the United States after the financial crisis, young people were disproportionately hit and the effect is lingering, the New York Federal Reserve Bank reported Friday.
In its massive report on household credit, New York Fed economists charted the disparate effects of tighter credit, showing younger would-be borrowers, who always have the lowest credit scores, were deprived to a much greater extent the loans their older peers could get easily.
Friday, February 12, 2016 - 13:47 US Oil Rigs Down Another 28 in Latest Week - Baker Hughes 0
--Overall Rig Count Down by 30 in Latest Week
WASHINGTON (MNI) - The number of U.S. oil rigs posted one of its biggest count drops in several weeks, a sign of distress in the sector, but also a welcome signal for an oversupplied market that needs production to come down if oil prices are to stage any meaningful recovery.
A total of 28 oil rigs were taken offline last week, driller Baker Hughes said in its weekly tally released Friday. Gas rigs were down by 2 last week. The combined number of U.S.
Friday, February 12, 2016 - 13:41 US Budget Week: GOP Slams Obama Budget, Struggles For Own Plan 0
--House Speaker Scorches Obama Budget, Seeks Alternative
Friday, February 12, 2016 - 12:38 Fed Releases Minutes of Feb 3 Federal Advisory Board Meet -2- 0
--Liquidity Complexities of ETFs Not Addressed by Regulators
WASHINGTON (MNI) - The following is the second and final section of excerpts of the Federal Reserve's record of the Feb. 3 meeting between the Fed Board of Governors and its Federal Advisory Board, composed of 12 representatives of the banking industry. The meeting takes place four times a year and is required by the Federal Reserve Act:
New Observations (About Consumers) Since the December 2015 FAC Meeting
- There is evidence of increased demand for unsecured and deposit-secured lending. This is most likely due to the ease of processing and obtaining these loans compared to the requirements and length of...
Friday, February 12, 2016 - 12:37 Fed Releases Minutes of Feb 3 Federal Advisory Board Meet 0
--Economy Stronger Than Negative Mkt Sentiment Would Imply
WASHINGTON (MNI) - The following are excerpts of the Federal Reserve's record of the Feb. 3 meeting between the Fed Board of Governors and its Federal Advisory Board, composed of 12 representatives of the banking industry.