FED IMF G20 G7 OPEC. Abhi Namboorimadam Bhumi Joshi Ritika Tondak Suresh Kumar. Federal Reserve System - FED. The Federal Reserve is the central bank of the United States .. Its unique structures includes
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Source: Federal Reserve
Speaker: Federal Reserve Chairman Ben Bernanke
Usual Effect: More hawkish than expected = Good for currency; poor than expected=bad for currency
The testimony usually comes in 2 parts:
first he reads a prepared statement (a text version is made available on the Fed's website at the start),
then the committee will hold a question and answer session. Since the questions are not known beforehand they can make for some unscripted moments that lead to heavy market volatility
Why Traders Care:
As head of the central bank, which controls short term interest rates, he has more influence over the nation's currency value than any other person. Traders scrutinize his public engagements as they are often used to drop subtle clues regarding future monetary policyWhy do we care?
IMF offers loans to banks or other eligible institutions that are experiencing financial difficulty or are considered highly risky or near collapse…
Where does all the money come from?
All 20 member nations are among the top 28 economies as measured in GDP in a list published by the IMF for 2010
Spain, being the 12th largest economy in the world and 5th in the European Union in terms of nominal GDP, is a 'permanent guest' of the organization
2012 Feb 27 : The G20 met in Mexico, where resolving the European debt crisis and restoring growth are key priorities for the leaders of the world’s most important economies.
Assembled in 1987, the G7is an international finance group consisting of the finance ministers from seven industrialized nations..
Members are Canada, France, Germany, Great Britain, Italy, Japan, and the United States. The G7 discusses and coordinates its members' actions on economic and commercial matters and works to aid the economies of other nations. It can be said that group G7 is playing an important role about providing a stable protocol of economy to the various concerning countries of the group and it also helps in resolving financial crisis of a particular zone of the world.
The leaders of the G7 nations meet annually in member countries.
The Group of Eight. (G8), which consists of the G7 nations plus Russia, was officially established in 1998
OPEC headquarters was moved from Geneva to Vienna, Austria, on September 1, 1965..
OPEC's objective is to co-ordinate and unify petroleum policies among Member Countries, in order to secure fair and stable prices for petroleum producers; an efficient, economic and regular supply of petroleum to consuming nations; and a fair return on capital to those investing in the industry
Monthly Oil Market Report
World Oil Outlook
Annual Statistical Bulletin
Spare Capacity : the ability of a factory, company, or industry to produce more of a product than is now being produced…In the news…
If tensions with Iran, a major producer, continue into the U.S. summer driving season, prices at the pump could rise more
The Federal Reserve said the U.S. economy expanded modestly in January through mid-February as hiring picked up a bit across several districts-Beige Book
The Federal Reserve, along with the 17 euro zone national central banks, may help provide the International Monetary Fund with funds that could be used to aid debt-ridden statesIS THERE A CONNECTION?
AnyQuestionsThank You for your attention!