The Business Times
business-time-50

Federal Reserve's Kocherlakota: little chance global weakness will slow US

Published Wed, Jan 14, 2015 · 12:07 AM

    [NEW YORK] A top Federal Reserve official said on Tuesday he expects little negative effect on the US economy from global weakness, though the demand for some financial products could come under pressure.

    Minneapolis Fed President Narayana Kocherlakota added that the US labour market, which has improved with a sharp drop in unemployment to 5.6 per cent, has "more room to run" in taking up so-called slack.

    REUTERS

    Share with us your feedback on BT's products and services

    Feedback

    TRENDING NOW

    Malaysia, driven by Resorts World Genting, leads Genting Berhad’s earnings. Singapore follows closely as the second-largest overall contributor.

    Genting Singapore trails MBS, but helps anchor Malaysian parent group’s finances

    From left: Pham Nhat Quan Anh, Pham Nhat Vuong, Pham Thu Huong and Pham Nhat Minh Hoang. The couple (centre) remain senior figures in Vingroup, with their children’s presence in the ecosystem growing.

    He built the Vingroup empire. Now South-east Asia’s richest man is handing some key roles to his sons

    The outcome of the strategic review comes a year after a public clash within CDL’s boardroom.

    CDL to invest S$5 billion, target S$6 billion divestments under refreshed strategy

    The manager of Stoneweg E-Reit requested for a trading halt prior to market open from 9 am to 12 pm on Monday.

    Stocks to watch: CDL, Centurion, Oiltek, Geo Energy Resources

    Latest T-bills Treasury Bills Results & Interest NewsLatest SSB Singapore Savings Bonds NewsLatest COE Certificate of Entitlement News
    Latest Johor-Singapore SEZ NewsLatest BTO Build To Order & Sales of Balance NewsLatest STI Straits Times Index NewsLatest SGX Dividends, Share Price NewsLatest Bonds Market NewsLatest Singapore Stocks To Buy NewsLatest Singapore Economy News
    View More