The U.S. central bank raised its key federal funds rate by a quarter percentage point to a five-year high of 5.25 percent, as expected, on Thursday but dropped a phrase from its previous outlook statement that further policy firming may yet be needed. So it seems that the Fed may feel it’s done enough...
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Well, it was like waking up on Christmas day and finding all the presents you’d asked for downstairs. Nice but … well .. quite dull. So Ben Bernanke and his crew at the Fed decided to raise rates by 25 points, not nice for borrowers, but no real surprise. We expect that the market...
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Surely, please, the next announcement from Microsoft will be that finally, yes finally they’ve released something – anything – on time. This afternoon Microsoft announced it was to delay yet another key product – Office 2007. Microsoft said it will now aim for a launch of Office 2007 to business customers by the end...
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UK stocks were at their highest for six weeks on Thursday with Banking and mining stocks leading the way after an early rally on Wall street. The London market closed before the Fed’s interest rate announcement, the mood finished positively – but apprehensively. According to Reuters some strategists are unconvinced by the upward move...
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It’s a strange world – the world of writing for a newspaper or journal. First there’s your youthful enthusiasm for ‘the truth’, then there’s your editor banging on the table – or more likely your PC – demanding more column inches – NOW! So what’s a poor hack to do? Well of course we...
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