Most Clicked CFA Institute Financial NewsBrief Stories


1. Fed mistakenly publishes interest-rate forecast

CFA Institute Financial NewsBrief | Jul 27, 2015

The Federal Reserve inadvertently published a forecast by staff economists showing they expect a quarter-point increase in interest rates this year. The mistake prompted criticism about the central bank's ability to prevent information leaks. The Wall Street Journal (tiered subscription model) (24 Jul.) Reuters (24 Jul.)


2. What changes are most necessary for the private-wealth industry?

CFA Institute Financial NewsBrief | Jul 28, 2015


3. Upbeat Fed assessment might set stage for Sept. rate hike

CFA Institute Financial NewsBrief | Jul 30, 2015

The Federal Reserve's policymaking committee has issued a cautiously optimistic report that says moderate economic growth is producing "solid job gains and declining unemployment." The tone suggests the central bank is close to raising its benchmark interest rate, possibly as early as mid-September. The Federal Open Market Committee has unanimously voted to keep interest rates close to zero a little longer. MarketWatch (29 Jul.) U.S. News & World Report (29 Jul.) The New York Times (free-article access for SmartBrief readers) (29 Jul.)


4. China to keep buying stocks to prop up market

CFA Institute Financial NewsBrief | Jul 28, 2015

Government purchasing of shares will continue to stabilize the stock market, according to the China Securities Regulatory Commission. China Securities Finance will make the investment. Rumors had circulated that the margin-financing provider had withdrawn stabilization efforts after stocks plunged Monday. China Daily (Beijing) (28 Jul.) Bloomberg (27 Jul.) The Wall Street Journal (tiered subscription model) (27 Jul.) USA Today (27 Jul.)


5. Senate votes to reopen Ex-Im Bank

CFA Institute Financial NewsBrief | Jul 27, 2015

The Senate voted 67-26 to end a filibuster on legislation to renew the Export-Import Bank's charter, which would open up loan guarantees for offshore buyers of U.S. goods. The Senate is expected to adopt the measure by a wide margin this week. It requires approval by the House. The New York Times (free-article access for SmartBrief readers) (26 Jul.) The Washington Post (tiered subscription model) (26 Jul.)


6. IMF: ECB might need to extend QE to boost eurozone

CFA Institute Financial NewsBrief | Jul 28, 2015

The International Monetary Fund has warned of modest medium-term growth for the eurozone and that the European Central Bank might need to print money beyond September 2016. "Directors urged policymakers to use all the available instruments, if needed, to manage contagion risks that might originate from Greece," according to the IMF. "They also highlighted the need to continue enhancing the architecture of the monetary union and European firewalls." Financial Times (tiered subscription model) (27 Jul.) Bloomberg (27 Jul.) Reuters (27 Jul.) BBC (27 Jul.)


7. Creditors head to Greece as rescue hurdles remain

CFA Institute Financial NewsBrief | Jul 24, 2015

Negotiators from the International Monetary Fund, the European Commission, the European Central Bank and the European Financial Stability Facility plan to meet with Greek officials during the next few days to work toward a rescue for the nation. Prime Minister Alexis Tsipras remains popular among voters, but some Syriza party members have criticized him for not rejecting more austerity measures. Bloomberg (24 Jul.) The Wall Street Journal (tiered subscription model) (23 Jul.) Reuters (24 Jul.)


8. Renminbi might be nearing wider global acceptance

CFA Institute Financial NewsBrief | Jul 30, 2015

A $100 billion shift into China's renminbi is possible if the International Monetary Fund brings the currency into its Special Drawing Rights basket. Financial Times (tiered subscription model) (29 Jul.)


9. Private equity funds hold record amounts of dry powder

CFA Institute Financial NewsBrief | Jul 30, 2015

At the end of the second quarter, private equity funds held a record $1.3 trillion of uncommitted funds for future investments, according to data provider Preqin. Buyout funds accounted for $475 billion of that amount. Funds focused on real estate investments accounted for $253 billion. ThinkAdvisor (29 Jul.)


10. Athens Stock Exchange to remain closed Wednesday

CFA Institute Financial NewsBrief | Jul 29, 2015

Officials are waiting for a ministerial decree before trading can resume on Greece's stock market. Greece received approval Tuesday from the European Central Bank to reopen the market, which has been closed since June 29. Reuters (29 Jul.)