Federal Reserve

The US stock market could correct by up to 10% in the summer, according to Tom Walker, manager of the £707m Martin Currie North American fund.

Asian markets rallied overnight after the Federal Reserve indicated it will not hike interest rates.

The Federal Reserve last night cut its growth forecast for the US and warned inflation is higher than expected, while hinting QE2 is on track to finish in June as planned.

Members of the Bank of England court revealed yesterday they are "uncomfortable" with governor Mervyn King's involvement in politics.

AIG is aiming to reduce its obligation to the US government by offering to buy a $15.7bn (£9.72bn) portfolio of mortgage-backed securities from the Fed.

The disruption and anti-government protests seen in the MENA region stems from the US Federal Reserve printing money, said Aberdeen's head of global equities, who has moved defensive to protect portfolios from further unrest.

The soaring oil price poses a threat to the US economic recovery if price hikes are sustained, warns Federal Reserve chief Ben Bernanke.

The oil price could surge to $220 a barrel and thwart the global economic recovery, according to Nomura.

A member of the US Federal Reserve has called for Wall Street's financial giants to be broken up to avoid another financial crisis.

The US Federal Reserve has raised its economic growth forecast for the US this year from 3%-3.6% to 3.4%-3.9%.