
fed
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What is the Federal Reserve? Basic Questions Answered
- September 24, 2014
- Posted by: Orkan Ozkan
- Category: Government
No CommentsA central bank, according to a basic Google search, is: “a national bank that provides financial and banking services for its country’s government and commercial banking system, as well as implementing the government’s monetary policy and issuing currency”. The United States’ central bank is called the Federal Reserve, nicknamed “The Fed”. What is the history
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Janet Yellen: “The labor market has yet to fully recover.”
- August 22, 2014
- Posted by: Orkan Ozkan
- Category: News
Speaking at an economic summit in Jackson Hole, Wyoming featuring top economists and central bankers from across the globe, U.S. Federal Reserve Chairwoman Janet Yellen remarked that “the labor market has yet to fully recover” from the 2007-8 financial crisis. See the full text of her speech. Other important remarks Yellen made include: Wage growth
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Mixed Sentiments in Latest Federal Reserve Meeting Minutes
- August 21, 2014
- Posted by: Orkan Ozkan
- Category: Government
Minutes from the U.S. Federal Reserve’s late-July policy meeting released on Thursday were mixed in terms of a possible earlier interest rate hike. Market reactions were mixed as well, as gold fell to a two-week low, bond yields dipped, and stocks and the U.S. dollar fell at first but then rallied. “The hawkish voices within the Fed have become louder. While
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Gold Investors Weigh Latest U.S. Economic Data Against Geopolitics
- July 30, 2014
- Posted by: Orkan Ozkan
- Category: News
Gold fell from a one-week high on Tuesday but was little changed on Wednesday morning as investors are weighing signs of an improving U.S. economy against geopolitical tensions in Russia/Ukraine and the Middle East. The Federal Reserve concludes their two-day meeting on Wednesday, and data is expected to show that the economy rebounded last quarter.
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What to Watch for at This Week’s Federal Reserve Meeting
- July 29, 2014
- Posted by: Orkan Ozkan
- Category: News
It’s a big week for United States economic data, with the Federal Open Market Committee (FOMC) meeting on Tuesday-Wednesday, second quarter GDP figures being released on Wednesday, and employment data coming out on Friday. Markets are already reacting, with the 24-hour gold spot price reaching a one-week high of $1,312 per ounce early Tuesday morning, and
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Fed Meeting Minutes Released, Precious Metals Rally
- July 9, 2014
- Posted by: Orkan Ozkan
- Category: News
Minutes from the Federal Open Market Committee’s mid-June meeting were released at 2:00 p.m. EST today and the precious metals market has reacted accordingly. Gold hit $1,330 an ounce, a rise of 1%, just a half hour after the minutes were made public. They revealed much of what was expected: there will be no hike
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What Happened to Gold Yesterday – Who, What, When, Where, and Why?
- June 20, 2014
- Posted by: Orkan Ozkan
- Category: News
Brendan Conway of Barron’s wrote an article yesterday asking What the Heck Just Happened to Gold and Precious Metals? Many other market-watchers are probably asking this same question, and more importantly, they are asking who, what, when, where, and why. The Fed’s announcement made on Wednesday night of downgraded growth forecasts for the U.S. economy as
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Gold Breaks $1300 for First Time in Three Weeks
- June 19, 2014
- Posted by: Orkan Ozkan
- Category: News
Gold has reached a three-week high today as investors who sold their gold before yesterday’s Fed meeting have now bought it back following the announcement hinting at continued low interest rates. Gold for August delivery, by 10:00 a.m. EST when reported on by the Wall Street Journal, was at $1,288.40 per ounce, an increase of
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Fed Statement Announces Downgraded Outlook on U.S. Economic Growth
- June 18, 2014
- Posted by: Orkan Ozkan
- Category: News
We reported earlier today that gold was holding steady as the market was anticipating a statement from the Federal Reserve and a press conference by Janet Yellen, the Fed’s current Chairwoman. The statement, as expected, announced a downgraded outlook for the U.S. economy and a phasing out of its Quantitative Easing (economic stimulus) program. The Fed had
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What Actually Happens When a Government “Prints Money”?
- May 1, 2014
- Posted by: Orkan Ozkan
- Category: Government
In economic discussion, you may often hear that a government is “printing money” and then picture sheets of hundred dollar bills coming off a printing press. However, most often this is not what actually takes place when a government adds to the monetary supply. Money creation in modern economies usually involves creating money that is not physical. Central
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