Janet Yellen says interest rate hike 'will be appropriate' later this year

<div dir="ltr" style="text-align: left;" trbidi="on"> <figure class="media-primary media-content" data-component="image" itemprop="associatedMedia image" itemscope="" itemtype="http://schema.org/ImageObject" style="background-color: white; color: #333333; font-family: 'Guardian Text Egyptian Web', Georgia, serif; line-height: 24px; margin: 0px; position: relative;"><a class="article__img-container js-gallerythumbs" data-is-ajax="" data-link-name="Launch Article Lightbox" href="http://www.theguardian.com/business/2015/may/22/janet-yellen-federal-reserve-raise-interest-rates-appropriate#img-1" style="background: transparent; color: #005689; cursor: pointer; text-decoration: none;"><div class=""> <img alt="Janet Yellen speaks at the IMF." class="maxed responsive-img" itemprop="contentUrl representativeOfPage" sizes="(min-width: 980px) 620px, (min-width: 740px) 700px, (min-width: 660px) 620px, (min-width: 480px) 645px, 465px" src="http://i.guim.co.uk/media/w-300/h--/q-95/1a21df90f6f68a1c44e17a912df42e8487d531ae/0_0_3000_1801/500.jpg" srcset="//i.guim.co.uk/media/w-620/h--/q-95/1a21df90f6f68a1c44e17a912df42e8487d531ae/0_0_3000_1801/1000.jpg 620w, //i.guim.co.uk/media/w-700/h--/q-95/1a21df90f6f68a1c44e17a912df42e8487d531ae/0_0_3000_1801/1000.jpg 700w, //i.guim.co.uk/media/w-645/h--/q-95/1a21df90f6f68a1c44e17a912df42e8487d531ae/0_0_3000_1801/1000.jpg 645w, //i.guim.co.uk/media/w-465/h--/q-95/1a21df90f6f68a1c44e17a912df42e8487d531ae/0_0_3000_1801/500.jpg 465w" style="border: 0px; display: block; width: 620px;"><span class="rounded-icon article__fullscreen" style="background-color: rgba(51, 51, 51, 0.6); border-radius: 62.5rem; display: inline-block; height: 2.75rem; margin: 0.625rem; position: absolute; right: 0px; top: 0px; vertical-align: middle; width: 2.75rem;"><i class="i i-expand-white" style="-webkit-background-size: contain; background-image: url(data:image/svg+xml; background-position: 0px 0px; background-repeat: no-repeat; background-size: contain; bottom: 0px; display: inline-block; height: 1.375rem; left: 0px; margin: auto; position: absolute; right: 0px; top: 0px; width: 1.375rem;"></i></span></div> </a><figcaption class="caption caption--main caption--img" itemprop="description" style="color: #767676; font-family: 'Guardian Text Sans Web', 'Helvetica Neue', Helvetica, Arial, 'Lucida Grande', sans-serif; font-size: 0.75rem; line-height: 1rem; max-width: none; min-height: 1.75rem; padding: 0.5rem 0px 1.5rem;"> Janet Yellen: ‘We have no intention of embarking on a pre-set course of increases.’ Photograph: Mandel Ngan/AFP/Getty Images</figcaption></figure><div class="content__meta-container js-content-meta js-football-meta u-cf content__meta-container--twitter " style="background-color: white; border-bottom-width: 0px; border-top-width: 0px; color: #333333; font-family: 'Guardian Text Egyptian Web', Georgia, serif; line-height: 24px; margin-bottom: 1rem; margin-left: -15rem; min-height: 2.25rem; position: absolute; top: 0px; width: 13.75rem;"> <div class="byline" data-component="meta-byline" data-link-name="byline" style="border-top-color: rgb(223, 223, 223); border-top-style: dotted; border-top-width: 0.0625rem; box-sizing: border-box; clear: both; color: #767676; font-size: 1rem; font-weight: bold; line-height: 1.375rem; min-height: 0px; padding-bottom: 0px; padding-top: 0.125rem;"> <span itemprop="author" itemscope="" itemtype="http://schema.org/Person"><a class="tone-colour" data-link-name="auto tag link" href="http://www.theguardian.com/profile/rupertneate" itemprop="url name" rel="author" style="background: transparent; color: #005689; cursor: pointer; text-decoration: none;">Rupert Neate</a></span> in New York</div> <div class="meta__twitter" style="margin: 0.625rem 0.3125rem 1.125rem 0px;"> <a class="button button--small button--secondary tone-colour" data-component="meta-twitter-handle" data-link-name="twitter-handle" href="http://twitter.com/RupertNeate" style="background: rgb(241, 241, 241); 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font-family: 'Guardian Egyptian Web', 'Guardian Text Egyptian Web', Georgia, serif; font-size: 1.125rem;">0</span></a></div> </div> </div> </div> <div class="content__article-body from-content-api js-article__body" data-test-id="article-review-body" itemprop="articleBody" style="background-color: white; color: #333333; font-family: 'Guardian Text Egyptian Web', Georgia, serif; line-height: 24px; position: relative; word-wrap: break-word;"> <div style="margin-bottom: 1rem; padding: 0px;"> <a class=" u-underline" data-component="auto-linked-tag" data-link-name="auto-linked-tag" href="http://www.theguardian.com/business/federal-reserve" style="-webkit-transition: border-color 0.15s ease-out; background: transparent; border-bottom-color: rgb(220, 220, 220); border-bottom-style: solid; border-bottom-width: 0.0625rem; color: #005689; cursor: pointer; text-decoration: none !important; transition: border-color 0.15s ease-out;">Federal Reserve</a> chairwoman Janet Yellen has said she expects interest rates to rise this year, in what would be the first rate hike from near zero since the 2008 economic crisis.</div> <div style="margin-bottom: 1rem; padding: 0px;"> </div> </div></div>

Janet Yellen says interest rate hike 'will be appropriate' later this year

 Janet Yellen: ‘We have no intention of embarking on a pre-set course of increases.’ Photograph: Mandel Ngan/AFP/Getty Images

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Federal Reserve says June too early to begin raising interest rates

<div dir="ltr" style="text-align: left;" trbidi="on"> <figure class="media-primary media-content" data-component="image" itemprop="associatedMedia image" itemscope="" itemtype="http://schema.org/ImageObject" style="background-color: white; color: #333333; font-family: 'Guardian Text Egyptian Web', Georgia, serif; line-height: 24px; margin: 0px; position: relative;"><img alt="Federal Reserve interest rates" class="maxed responsive-img" itemprop="contentUrl representativeOfPage" sizes="(min-width: 980px) 620px, (min-width: 740px) 700px, (min-width: 660px) 620px, (min-width: 480px) 645px, 465px" src="http://i.guim.co.uk/static/w-300/h--/q-95/sys-images/Guardian/Pix/pictures/2015/5/20/1432146293834/84105d47-95bf-41ca-8a59-a53feab7103d-300x180.jpeg" srcset="//i.guim.co.uk/static/w-620/h--/q-95/sys-images/Guardian/Pix/pictures/2014/9/17/1410979555146/e3fdeabe-6030-4ff8-b6b1-6084c9133b9f-620x372.jpeg 620w, //i.guim.co.uk/static/w-700/h--/q-95/sys-images/Guardian/Pix/pictures/2014/9/17/1410979555146/e3fdeabe-6030-4ff8-b6b1-6084c9133b9f-620x372.jpeg 700w, //i.guim.co.uk/static/w-645/h--/q-95/sys-images/Guardian/Pix/pictures/2014/9/17/1410979555146/e3fdeabe-6030-4ff8-b6b1-6084c9133b9f-620x372.jpeg 645w, //i.guim.co.uk/static/w-465/h--/q-95/sys-images/Guardian/Pix/pictures/2015/5/20/1432146293581/47c97cc8-37e1-423f-985e-aaffbb41595e-540x324.jpeg 465w" style="border: 0px; display: block; width: 620px;"><figcaption class="caption caption--main caption--img" itemprop="description" style="color: #767676; font-family: 'Guardian Text Sans Web', 'Helvetica Neue', Helvetica, Arial, 'Lucida Grande', sans-serif; font-size: 0.75rem; line-height: 1rem; max-width: none; min-height: 1.75rem; padding: 0.5rem 0px 1.5rem;"> Few Federal Reserve members believed the US economy would be ready to raise rates by June. Photograph: Richard Drew/AP</figcaption></figure><div class="content__meta-container js-content-meta js-football-meta u-cf content__meta-container--twitter " style="background-color: white; border-bottom-width: 0px; border-top-width: 0px; color: #333333; font-family: 'Guardian Text Egyptian Web', Georgia, serif; line-height: 24px; margin-bottom: 1rem; margin-left: -15rem; min-height: 2.25rem; position: absolute; top: 0px; width: 13.75rem;"> <div class="byline" data-component="meta-byline" data-link-name="byline" style="border-top-color: rgb(223, 223, 223); border-top-style: dotted; border-top-width: 0.0625rem; box-sizing: border-box; clear: both; color: #767676; font-size: 1rem; font-weight: bold; line-height: 1.375rem; min-height: 0px; padding-bottom: 0px; padding-top: 0.125rem;"> <span itemprop="author" itemscope="" itemtype="http://schema.org/Person"><a class="tone-colour" data-link-name="auto tag link" href="http://www.theguardian.com/profile/dominic-rushe" itemprop="url name" rel="author" style="background: transparent; 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height: 1.3125rem; margin-top: -0.0625rem; vertical-align: top;"> @dominicru</div> </a></div> <div aria-hidden="true" class="content__dateline" style="border-top-color: rgb(223, 223, 223); border-top-style: dotted; border-top-width: 0.0625rem; box-sizing: border-box; color: #767676; font-family: 'Guardian Text Sans Web', 'Helvetica Neue', Helvetica, Arial, 'Lucida Grande', sans-serif; font-size: 0.75rem; line-height: 1rem; min-height: 3rem; padding-bottom: 0.75rem; padding-right: 0px; padding-top: 0.125rem; position: relative;"> <time class="content__dateline-wpd js-wpd content__dateline-wpd--modified tone-colour" data-timestamp="1432146550000" datetime="2015-05-20T19:29:10+0100" itemprop="datePublished" style="color: #005689; cursor: pointer; display: inline-block;">Wednesday 20 May 2015 <span class="content__dateline-time">19.29 BST</span></time><time class="content__dateline-lm js-lm u-h" data-timestamp="1432215582000" datetime="2015-05-21T14:39:42+0100" itemprop="dateModified" style="border: 0px !important; 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border-left-style: solid; border-left-width: 0.0625rem; float: left; height: 36px; padding-left: 0.625rem; padding-right: 0px;"> <a class="commentcount2 tone-colour" data-link-name="Comment count" href="http://www.theguardian.com/business/2015/may/20/federal-reserve-june-early-interest-rates#comments" style="background: transparent; color: #005689; cursor: pointer; display: block; text-decoration: none;"><h3 class="commentcount2__heading" style="font-family: 'Guardian Text Sans Web', 'Helvetica Neue', Helvetica, Arial, 'Lucida Grande', sans-serif; font-size: 0.75rem; font-weight: normal; height: 0.9375rem; line-height: 0.9375rem; margin: 0px; padding-left: 0.9375rem; position: relative;"> <span class="inline-tone-fill inline-comment-16 inline-icon" style="fill: rgb(0, 86, 137); left: 0px; margin: 0.125rem 0px 0px -0.125rem; position: absolute;"><svg height="16" viewbox="0 0 16 16" width="16"><path d="M13 0l1 1v7l-1 1H7l-2 3H4V9H2L1 8V1l1-1h11z"></path></svg></span>Comments</h3> <span class="commentcount2__value tone-colour" style="display: block; font-family: 'Guardian Egyptian Web', 'Guardian Text Egyptian Web', Georgia, serif; font-size: 1.125rem;">5</span></a></div> </div> </div> </div> <div class="content__article-body from-content-api js-article__body" data-test-id="article-review-body" itemprop="articleBody" style="background-color: white; color: #333333; font-family: 'Guardian Text Egyptian Web', Georgia, serif; line-height: 24px; position: relative; word-wrap: break-word;"> <div style="margin-bottom: 1rem; padding: 0px;"> The state of the US economy divided members of the Federal Reserve at their April meeting but they generally agreed that June would be too early to start<a class=" u-underline" data-component="in-body-link" data-link-name="in body link" href="http://www.theguardian.com/business/2015/apr/18/us-interest-rates-rise-federal-reserve-market-crash" style="-webkit-transition: border-color 0.15s ease-out; background: transparent; border-bottom-color: rgb(220, 220, 220); border-bottom-style: solid; border-bottom-width: 0.0625rem; color: #005689; cursor: pointer; text-decoration: none !important; transition: border-color 0.15s ease-out;">raising interest rates</a> for the first time since the recession.</div> <div style="margin-bottom: 1rem; padding: 0px;"> </div> </div></div>

Federal Reserve says June too early to begin raising interest rates

 Few Federal Reserve members believed the US economy would be ready to raise rates by June. Photograph: Richard Drew/AP

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Is the fear factor holding back US government spending?

<div dir="ltr" style="text-align: left;" trbidi="on"> <figure class="media-primary media-content" data-component="image" itemprop="associatedMedia image" itemscope="" itemtype="http://schema.org/ImageObject" style="background-color: white; color: #333333; font-family: 'Guardian Text Egyptian Web', Georgia, serif; line-height: 24px; margin: 0px; position: relative;"><a class="article__img-container js-gallerythumbs" data-is-ajax="" data-link-name="Launch Article Lightbox" href="http://www.theguardian.com/business/2015/may/19/is-the-fear-factor-holding-back-us-government-spending#img-1" style="background: transparent; color: #005689; cursor: pointer; text-decoration: none;"><div class=""> <img alt="The freeway interchange of the Harbor Freeway (California Highway 110) and the Hollywood Freeway (US 101) just north of Downtown Los Angeles, at dusk." class="maxed responsive-img" itemprop="contentUrl representativeOfPage" sizes="(min-width: 980px) 620px, (min-width: 740px) 700px, (min-width: 660px) 620px, (min-width: 480px) 645px, 465px" src="http://i.guim.co.uk/static/w-300/h--/q-95/sys-images/Guardian/Pix/pictures/2015/5/19/1432044407586/98f8266d-f656-4ae3-851d-8b72a976cd31-300x180.jpeg" srcset="//i.guim.co.uk/static/w-620/h--/q-95/sys-images/Guardian/Pix/pictures/2015/5/19/1432044407848/98f8266d-f656-4ae3-851d-8b72a976cd31-620x372.jpeg 620w, //i.guim.co.uk/static/w-700/h--/q-95/sys-images/Guardian/Pix/pictures/2015/5/19/1432044407333/98f8266d-f656-4ae3-851d-8b72a976cd31-1020x612.jpeg 700w, //i.guim.co.uk/static/w-645/h--/q-95/sys-images/Guardian/Pix/pictures/2015/5/19/1432044407333/98f8266d-f656-4ae3-851d-8b72a976cd31-1020x612.jpeg 645w, //i.guim.co.uk/static/w-465/h--/q-95/sys-images/Guardian/Pix/pictures/2015/5/19/1432044406975/98f8266d-f656-4ae3-851d-8b72a976cd31-540x324.jpeg 465w" style="border: 0px; display: block; width: 620px;"><span class="rounded-icon article__fullscreen" style="background-color: rgba(51, 51, 51, 0.6); border-radius: 62.5rem; display: inline-block; height: 2.75rem; margin: 0.625rem; position: absolute; right: 0px; top: 0px; vertical-align: middle; width: 2.75rem;"><i class="i i-expand-white" style="-webkit-background-size: contain; background-image: url(data:image/svg+xml; background-position: 0px 0px; background-repeat: no-repeat; background-size: contain; bottom: 0px; display: inline-block; height: 1.375rem; left: 0px; margin: auto; position: absolute; right: 0px; top: 0px; width: 1.375rem;"></i></span></div> </a><figcaption class="caption caption--main caption--img" itemprop="description" style="color: #767676; font-family: 'Guardian Text Sans Web', 'Helvetica Neue', Helvetica, Arial, 'Lucida Grande', sans-serif; font-size: 0.75rem; line-height: 1rem; max-width: none; min-height: 1.75rem; padding: 0.5rem 0px 1.5rem;"> The freeway interchange of the Harbor Freeway (California Highway 110) and the Hollywood Freeway (US 101) just north of Downtown Los Angeles, at dusk. Photograph: George Steinmetz/George Steinmetz/Corbis</figcaption></figure><div class="content__meta-container js-content-meta js-football-meta u-cf content__meta-container--no-byline " style="background-color: white; border-bottom-width: 0px; border-top-width: 0px; color: #333333; font-family: 'Guardian Text Egyptian Web', Georgia, serif; line-height: 24px; margin-bottom: 1rem; margin-left: -15rem; min-height: 2.25rem; position: absolute; top: 0px; width: 13.75rem;"> <div aria-hidden="true" class="content__dateline" style="border-top-color: rgb(223, 223, 223); border-top-style: dotted; border-top-width: 0.0625rem; box-sizing: border-box; color: #767676; font-family: 'Guardian Text Sans Web', 'Helvetica Neue', Helvetica, Arial, 'Lucida Grande', sans-serif; font-size: 0.75rem; line-height: 1rem; min-height: 3rem; padding-bottom: 0.75rem; padding-right: 0px; padding-top: 0.125rem; position: relative;"> <time class="content__dateline-wpd js-wpd" data-timestamp="1432044986000" datetime="2015-05-19T15:16:26+0100" itemprop="datePublished" style="display: inline-block;">Tuesday 19 May 2015 <span class="content__dateline-time">15.16 BST</span></time></div> <div class="meta__extras" style="clear: both; position: relative;"> <div class="meta__social" data-component="share" style="border-top-color: rgb(223, 223, 223); border-top-style: dotted; border-top-width: 0.0625rem; box-sizing: border-box; padding: 0px;"> <ul class="social social--top u-unstyled u-cf" data-component="social" style="height: 2rem; list-style: none; margin: 0px; overflow-y: hidden; padding: 0.375rem 0px;"> <li class="social__item social__item--facebook" data-link-name="facebook" style="float: left; min-width: 2rem; padding: 0px 0.1875rem 0.375rem 0px;"><a class="social__action social-icon-wrapper" data-link-name="social top" href="https://www.facebook.com/sharer/sharer.php?u=http%3A%2F%2Fgu.com%2Fp%2F493ax%2Fsfb&ref=responsive" style="background: transparent; color: #005689; cursor: pointer; display: inline-block; text-decoration: none;" target="_blank" title="Facebook"><span class="u-h" style="border: 0px !important; clip: rect(0px 0px 0px 0px) !important; height: 0.0625rem !important; margin: -0.0625rem !important; 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display: inline-block; height: 2rem; max-width: 100%; min-width: 2rem; overflow: hidden; padding: 0px; position: relative; text-overflow: ellipsis; vertical-align: middle; white-space: nowrap; width: auto;"><i class="i-share-email--white i" style="-webkit-background-size: 88%; background-image: url(data:image/svg+xml; background-position: 50% 50%; background-repeat: no-repeat; background-size: 88%; display: inline-block; height: 32px; vertical-align: middle; width: 32px;"></i></span></a></li> <li class="social__item social__item--linkedin" data-link-name="linkedin" style="float: left; min-width: 2rem; padding: 0px 0.1875rem 0.375rem 0px;"><a class="social__action social-icon-wrapper" data-link-name="social top" href="http://www.linkedin.com/shareArticle?mini=true&title=Is+the+fear+factor+holding+back+US+government+spending%3F&url=http%3A%2F%2Fgu.com%2Fp%2F493ax" style="background: transparent; color: #005689; cursor: pointer; display: inline-block; text-decoration: none;" target="_blank" title="LinkedIn"><span class="u-h" style="border: 0px !important; clip: rect(0px 0px 0px 0px) !important; height: 0.0625rem !important; margin: -0.0625rem !important; overflow: hidden !important; padding: 0px !important; position: absolute !important; width: 0.0625rem !important;">Share on LinkedIn</span><span class="rounded-icon social-icon social-icon--linkedin" style="background-color: #0071a1; border-radius: 62.5rem; border: 0px; box-sizing: content-box; color: white; display: inline-block; height: 2rem; max-width: 100%; min-width: 2rem; overflow: hidden; padding: 0px; position: relative; text-overflow: ellipsis; vertical-align: middle; white-space: nowrap; width: auto;"><i class="i-share-linkedin--white i" style="-webkit-background-size: 88%; background-image: url(data:image/svg+xml; background-position: 50% 50%; background-repeat: no-repeat; background-size: 88%; display: inline-block; height: 32px; vertical-align: middle; width: 32px;"></i></span></a></li> <li class="social__item social__item--gplus" data-link-name="gplus" style="float: left; min-width: 2rem; padding: 0px 0.1875rem 0.375rem 0px;"><a class="social__action social-icon-wrapper" data-link-name="social top" href="https://plus.google.com/share?url=http%3A%2F%2Fgu.com%2Fp%2F493ax%2Fsgp&amp;hl=en-GB&amp;wwc=1" style="background: transparent; color: #005689; cursor: pointer; display: inline-block; text-decoration: none;" target="_blank" title="Google plus"><span class="u-h" style="border: 0px !important; clip: rect(0px 0px 0px 0px) !important; height: 0.0625rem !important; margin: -0.0625rem !important; overflow: hidden !important; padding: 0px !important; position: absolute !important; width: 0.0625rem !important;">Share on Google+</span><span class="rounded-icon social-icon social-icon--gplus" style="background-color: #e15440; border-radius: 62.5rem; border: 0px; box-sizing: content-box; color: white; display: inline-block; height: 2rem; max-width: 100%; min-width: 2rem; overflow: hidden; padding: 0px; position: relative; text-overflow: ellipsis; vertical-align: middle; white-space: nowrap; width: auto;"><i class="i-share-gplus--white i" style="-webkit-background-size: 88%; background-image: url(data:image/svg+xml; background-position: 50% 50%; background-repeat: no-repeat; background-size: 88%; display: inline-block; height: 32px; vertical-align: middle; width: 32px;"></i></span></a></li> </ul> </div> <div class="meta__numbers modern-visible" style="border-bottom-color: rgb(223, 223, 223); border-bottom-style: dotted; border-bottom-width: 0.0625rem; border-top-color: rgb(223, 223, 223); border-top-style: dotted; border-top-width: 0.0625rem; height: 2.25rem; padding: 0.375rem 0px;"> <div class="meta__number js-sharecount" style="float: left; height: 36px; padding-right: 0.6875rem;" title="Facebook: 13 Twitter: 94"> <h3 class="sharecount__heading" style="color: #767676; font-family: 'Guardian Text Sans Web', 'Helvetica Neue', Helvetica, Arial, 'Lucida Grande', sans-serif; font-size: 0.75rem; font-weight: normal; height: 0.9375rem; line-height: 0.9375rem; margin: 0px; padding-left: 0.9375rem; position: relative;"> <i class="i" style="-webkit-background-size: contain; background-image: url(data:image/svg+xml; background-position: 0px 0px; background-repeat: no-repeat; background-size: contain; display: inline-block; height: 0.75rem; left: 0px; opacity: 0.35; position: absolute; width: 0.75rem;"></i>Shares</h3> <div class="sharecount__value sharecount__value--full" style="font-family: 'Guardian Egyptian Web', 'Guardian Text Egyptian Web', Georgia, serif; font-size: 1.125rem;"> 107</div> </div> <div class="meta__number" data-commentcount-format="content" data-discussion-closed="false" data-node-uid="12" style="border-left-color: rgb(241, 241, 241); border-left-style: solid; border-left-width: 0.0625rem; float: left; height: 36px; padding-left: 0.625rem; padding-right: 0px;"> <a class="commentcount2 tone-colour" data-link-name="Comment count" href="http://www.theguardian.com/business/2015/may/19/is-the-fear-factor-holding-back-us-government-spending#comments" style="background: transparent; color: #e6711b; cursor: pointer; display: block; text-decoration: none;"><h3 class="commentcount2__heading" style="font-family: 'Guardian Text Sans Web', 'Helvetica Neue', Helvetica, Arial, 'Lucida Grande', sans-serif; font-size: 0.75rem; font-weight: normal; height: 0.9375rem; line-height: 0.9375rem; margin: 0px; padding-left: 0.9375rem; position: relative;"> <span class="inline-tone-fill inline-comment-16 inline-icon" style="fill: rgb(230, 113, 27); left: 0px; margin: 0.125rem 0px 0px -0.125rem; position: absolute;"><svg height="16" viewbox="0 0 16 16" width="16"><path d="M13 0l1 1v7l-1 1H7l-2 3H4V9H2L1 8V1l1-1h11z"></path></svg></span>Comments</h3> <span class="commentcount2__value tone-colour" style="display: block; font-family: 'Guardian Egyptian Web', 'Guardian Text Egyptian Web', Georgia, serif; font-size: 1.125rem;">13</span></a></div> </div> </div> </div> <div class="content__article-body from-content-api js-article__body" data-test-id="article-review-body" itemprop="articleBody" style="background-color: white; color: #333333; font-family: 'Guardian Text Egyptian Web', Georgia, serif; line-height: 24px; position: relative; word-wrap: break-word;"> <div style="margin-bottom: 1rem; padding: 0px;"> In his <a class=" u-underline" data-component="in-body-link" data-link-name="in body link" href="http://www.bartleby.com/124/pres49.html" style="-webkit-transition: border-color 0.15s ease-out; background: transparent; border-bottom-color: rgb(220, 220, 220); border-bottom-style: solid; border-bottom-width: 0.0625rem; color: #005689; cursor: pointer; text-decoration: none !important; transition: border-color 0.15s ease-out;">first inaugural address</a>, during the depths of the Great Depression, US President Franklin Delano Roosevelt famously told Americans that, “The only thing we have to fear is fear itself.” Invoking the Book of Exodus, he went on to say that, “We are stricken by no plague of locusts.” Nothing tangible was causing the depression; the problem, in March 1933, was in people’s minds.</div> <div style="margin-bottom: 1rem; padding: 0px;"> </div> </div></div>

Is the fear factor holding back US government spending?

 The freeway interchange of the Harbor Freeway (California Highway 110) and the Hollywood Freeway (US 101) just north of Downtown Los Angeles, at dusk. Photograph: George Steinmetz/George Steinmetz/C…

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The trillion-dollar questions over the flash crash and the Hound of Hounslow

<div dir="ltr" style="text-align: left;" trbidi="on"> <figure class="media-primary media-content" data-component="image" itemprop="associatedMedia image" itemscope="" itemtype="http://schema.org/ImageObject" style="background-color: white; color: #333333; font-family: 'Guardian Text Egyptian Web', Georgia, serif; line-height: 24px; margin: 0px; position: relative;"><a class="article__img-container js-gallerythumbs" data-is-ajax="" data-link-name="Launch Article Lightbox" href="http://www.theguardian.com/business/2015/apr/25/flash-crash-hound-of-hounslow-trillion-dollar-question#img-1" style="background: transparent; color: #005689; cursor: pointer; text-decoration: none;"><div class=""> <img alt="The floor of the New York Stock Exchange on the day of the 'flash crash' , 6 May 2010." class="maxed responsive-img" itemprop="contentUrl representativeOfPage" sizes="(min-width: 980px) 620px, (min-width: 740px) 700px, (min-width: 660px) 620px, (min-width: 480px) 645px, 465px" src="http://i.guim.co.uk/static/w-300/h--/q-95/sys-images/Guardian/Pix/pictures/2015/4/25/1429948499719/The-floor-of-the-New-York-003.jpg" srcset="//i.guim.co.uk/static/w-620/h--/q-95/sys-images/Guardian/Pix/pictures/2015/4/25/1429948504277/The-floor-of-the-New-York-007.jpg 620w, //i.guim.co.uk/static/w-700/h--/q-95/sys-images/Guardian/Pix/pictures/2015/4/25/1429948505496/The-floor-of-the-New-York-008.jpg 700w, //i.guim.co.uk/static/w-645/h--/q-95/sys-images/Guardian/Pix/pictures/2015/4/25/1429948505496/The-floor-of-the-New-York-008.jpg 645w, //i.guim.co.uk/static/w-465/h--/q-95/sys-images/Guardian/Pix/pictures/2015/4/25/1429948503075/The-floor-of-the-New-York-006.jpg 465w" style="border: 0px; display: block; width: 620px;"><span class="rounded-icon article__fullscreen" style="background-color: rgba(51, 51, 51, 0.6); border-radius: 62.5rem; display: inline-block; height: 2.75rem; margin: 0.625rem; position: absolute; right: 0px; top: 0px; vertical-align: middle; width: 2.75rem;"><i class="i i-expand-white" style="-webkit-background-size: contain; background-image: url(data:image/svg+xml; background-position: 0px 0px; background-repeat: no-repeat; background-size: contain; bottom: 0px; display: inline-block; height: 1.375rem; left: 0px; margin: auto; position: absolute; right: 0px; top: 0px; width: 1.375rem;"></i></span></div> </a><figcaption class="caption caption--main caption--img" itemprop="description" style="color: #767676; font-family: 'Guardian Text Sans Web', 'Helvetica Neue', Helvetica, Arial, 'Lucida Grande', sans-serif; font-size: 0.75rem; line-height: 1rem; max-width: none; min-height: 1.75rem; padding: 0.5rem 0px 1.5rem;"> The floor of the New York Stock Exchange on the day of the 'flash crash' , 6 May 2010. Photograph: Timothy Clary/AFP/Getty Images</figcaption></figure><div class="content__meta-container js-content-meta js-football-meta u-cf " style="background-color: white; border-bottom-width: 0px; border-top-width: 0px; color: #333333; font-family: 'Guardian Text Egyptian Web', Georgia, serif; line-height: 24px; margin-bottom: 1rem; margin-left: -15rem; min-height: 2.25rem; position: absolute; top: 0px; width: 13.75rem;"> <div class="media__body meta__body" style="clear: left; overflow: hidden;"> <div class="media__img meta__image" style="float: left; margin-right: 0.9375rem;"> <div class="byline-img" style="-webkit-mask: url(data:image/png; -webkit-transform: translateZ(0px); background-color: #f1f1f1; border-radius: 62.5rem; height: 8.75rem; margin: 0.375rem 0px 0.75rem; overflow: hidden; position: relative; width: 8.75rem;"> <img alt="Nils Pratley" class="byline-img__img" src="http://i.guim.co.uk/static/w-300/h--/q-95/sys-images/Guardian/Pix/pictures/2014/3/13/1394733745764/NilsPratley.png" style="border: 0px; bottom: -0.875rem; display: block; height: 154px; left: -624.9375rem; margin: auto; position: absolute; right: -624.9375rem; width: auto;"></div> </div> <div class="byline" data-component="meta-byline" data-link-name="byline" style="border-top-color: rgb(223, 223, 223); border-top-style: dotted; border-top-width: 0.0625rem; box-sizing: border-box; clear: both; color: #767676; font-size: 1rem; font-weight: bold; line-height: 1.375rem; min-height: 3rem; padding-bottom: 0.75rem; padding-top: 0.125rem;"> <span itemprop="author" itemscope="" itemtype="http://schema.org/Person"><a class="tone-colour" data-link-name="auto tag link" href="http://www.theguardian.com/profile/nilspratley" itemprop="url name" rel="author" style="background: transparent; color: #951c55; cursor: pointer; text-decoration: none;">Nils Pratley</a></span></div> <div aria-hidden="true" class="content__dateline" style="border-top-color: rgb(223, 223, 223); border-top-style: dotted; border-top-width: 0.0625rem; box-sizing: border-box; color: #767676; font-family: 'Guardian Text Sans Web', 'Helvetica Neue', Helvetica, Arial, 'Lucida Grande', sans-serif; font-size: 0.75rem; line-height: 1rem; min-height: 3rem; padding-bottom: 0.75rem; padding-right: 0px; padding-top: 0.125rem; position: relative;"> <time class="content__dateline-wpd js-wpd content__dateline-wpd--modified tone-colour" data-timestamp="1429974005000" datetime="2015-04-25T16:00:05+0100" itemprop="datePublished" style="color: #951c55; cursor: pointer; display: inline-block;">Saturday 25 April 2015 <span class="content__dateline-time">16.00 BST</span></time><time class="content__dateline-lm js-lm u-h" data-timestamp="1430002828760" datetime="2015-04-26T00:00:28+0100" itemprop="dateModified" style="border: 0px !important; clip: rect(0px 0px 0px 0px) !important; display: inline-block; height: 0.0625rem !important; margin: -0.0625rem !important; overflow: hidden !important; padding-bottom: 0px !important; padding-left: 0px !important; padding-right: 0px !important; padding-top: 0.125rem; position: absolute !important; width: 0.0625rem !important;">Last modified on Sunday 26 April 2015<span class="content__dateline-time">00.00 BST</span></time></div> <div class="meta__extras" style="clear: both; position: relative;"> <div class="meta__social" data-component="share" style="border-top-color: rgb(223, 223, 223); border-top-style: dotted; border-top-width: 0.0625rem; box-sizing: border-box; padding: 0px;"> <ul class="social social--top u-unstyled u-cf" data-component="social" style="height: 2rem; list-style: none; margin: 0px; overflow-y: hidden; padding: 0.375rem 0px;"> <li class="social__item social__item--facebook" data-link-name="facebook" style="float: left; min-width: 2rem; padding: 0px 0.1875rem 0.375rem 0px;"><a class="social__action social-icon-wrapper" data-link-name="social top" href="https://www.facebook.com/sharer/sharer.php?u=http%3A%2F%2Fgu.com%2Fp%2F47p3x%2Fsfb&ref=responsive" style="background: transparent; color: #005689; cursor: pointer; display: inline-block; text-decoration: none;" target="_blank" title="Facebook"><span class="u-h" style="border: 0px !important; clip: rect(0px 0px 0px 0px) !important; height: 0.0625rem !important; margin: -0.0625rem !important; overflow: hidden !important; padding: 0px !important; position: absolute !important; width: 0.0625rem !important;">Share on Facebook</span><span class="rounded-icon social-icon social-icon--facebook" style="background-color: #3067a3; border-radius: 62.5rem; border: 0px; box-sizing: content-box; color: white; display: inline-block; height: 2rem; max-width: 100%; min-width: 2rem; overflow: hidden; padding: 0px; position: relative; text-overflow: ellipsis; vertical-align: middle; white-space: nowrap; width: auto;"><i class="i-share-facebook--white i" style="-webkit-background-size: 88%; background-image: url(data:image/svg+xml; background-position: 50% 50%; background-repeat: no-repeat; background-size: 88%; display: inline-block; height: 32px; vertical-align: middle; width: 32px;"></i></span></a></li> <li class="social__item social__item--twitter" data-link-name="twitter" style="float: left; min-width: 2rem; padding: 0px 0.1875rem 0.375rem 0px;"><a class="social__action social-icon-wrapper" data-link-name="social top" href="https://twitter.com/intent/tweet?text=The+trillion-dollar+questions+over+the+flash+crash+and+the+Hound+of+Hounslow&url=http%3A%2F%2Fgu.com%2Fp%2F47p3x%2Fstw" style="background: transparent; color: #005689; cursor: pointer; display: inline-block; text-decoration: none;" target="_blank" title="Twitter"><span class="u-h" style="border: 0px !important; clip: rect(0px 0px 0px 0px) !important; height: 0.0625rem !important; margin: -0.0625rem !important; overflow: hidden !important; padding: 0px !important; position: absolute !important; width: 0.0625rem !important;">Share on Twitter</span><span class="rounded-icon social-icon social-icon--twitter" style="background-color: #03b3ee; border-radius: 62.5rem; border: 0px; box-sizing: content-box; color: white; display: inline-block; height: 2rem; max-width: 100%; min-width: 2rem; overflow: hidden; padding: 0px; position: relative; text-overflow: ellipsis; vertical-align: middle; white-space: nowrap; width: auto;"><i class="i-share-twitter--white i" style="-webkit-background-size: 88%; background-image: url(data:image/svg+xml; background-position: 50% 50%; background-repeat: no-repeat; background-size: 88%; display: inline-block; height: 32px; vertical-align: middle; width: 32px;"></i></span></a></li> <li class="social__item social__item--email" data-link-name="email" style="float: left; min-width: 2rem; padding: 0px 0.1875rem 0.375rem 0px;"><a class="social__action social-icon-wrapper" data-link-name="social top" href="mailto:?subject=The%20trillion-dollar%20questions%20over%20the%20flash%20crash%20and%20the%20Hound%20of%20Hounslow&body=http%3A%2F%2Fgu.com%2Fp%2F47p3x%2Fsbl" style="background: transparent; color: #005689; cursor: pointer; display: inline-block; text-decoration: none;" target="_blank" title="Email"><span class="u-h" style="border: 0px !important; clip: rect(0px 0px 0px 0px) !important; height: 0.0625rem !important; margin: -0.0625rem !important; overflow: hidden !important; padding: 0px !important; position: absolute !important; width: 0.0625rem !important;">Share via Email</span><span class="rounded-icon social-icon social-icon--email" style="background-color: #767676; border-radius: 62.5rem; border: 0px; box-sizing: content-box; color: white; display: inline-block; height: 2rem; max-width: 100%; min-width: 2rem; overflow: hidden; padding: 0px; position: relative; text-overflow: ellipsis; vertical-align: middle; white-space: nowrap; width: auto;"><i class="i-share-email--white i" style="-webkit-background-size: 88%; background-image: url(data:image/svg+xml; background-position: 50% 50%; background-repeat: no-repeat; background-size: 88%; display: inline-block; height: 32px; vertical-align: middle; width: 32px;"></i></span></a></li> <li class="social__item social__item--linkedin" data-link-name="linkedin" style="float: left; min-width: 2rem; padding: 0px 0.1875rem 0.375rem 0px;"><a class="social__action social-icon-wrapper" data-link-name="social top" href="http://www.linkedin.com/shareArticle?mini=true&title=The+trillion-dollar+questions+over+the+flash+crash+and+the+Hound+of+Hounslow&url=http%3A%2F%2Fgu.com%2Fp%2F47p3x" style="background: transparent; color: #005689; cursor: pointer; display: inline-block; text-decoration: none;" target="_blank" title="LinkedIn"><span class="u-h" style="border: 0px !important; clip: rect(0px 0px 0px 0px) !important; height: 0.0625rem !important; margin: -0.0625rem !important; overflow: hidden !important; padding: 0px !important; position: absolute !important; width: 0.0625rem !important;">Share on LinkedIn</span><span class="rounded-icon social-icon social-icon--linkedin" style="background-color: #0071a1; border-radius: 62.5rem; border: 0px; box-sizing: content-box; color: white; display: inline-block; height: 2rem; max-width: 100%; min-width: 2rem; overflow: hidden; padding: 0px; position: relative; text-overflow: ellipsis; vertical-align: middle; white-space: nowrap; width: auto;"><i class="i-share-linkedin--white i" style="-webkit-background-size: 88%; background-image: url(data:image/svg+xml; background-position: 50% 50%; background-repeat: no-repeat; background-size: 88%; display: inline-block; height: 32px; vertical-align: middle; width: 32px;"></i></span></a></li> <li class="social__item social__item--gplus" data-link-name="gplus" style="float: left; min-width: 2rem; padding: 0px 0.1875rem 0.375rem 0px;"><a class="social__action social-icon-wrapper" data-link-name="social top" href="https://plus.google.com/share?url=http%3A%2F%2Fgu.com%2Fp%2F47p3x%2Fsgp&amp;hl=en-GB&amp;wwc=1" style="background: transparent; color: #005689; cursor: pointer; display: inline-block; text-decoration: none;" target="_blank" title="Google plus"><span class="u-h" style="border: 0px !important; clip: rect(0px 0px 0px 0px) !important; height: 0.0625rem !important; margin: -0.0625rem !important; overflow: hidden !important; padding: 0px !important; position: absolute !important; width: 0.0625rem !important;">Share on Google+</span><span class="rounded-icon social-icon social-icon--gplus" style="background-color: #e15440; border-radius: 62.5rem; border: 0px; box-sizing: content-box; color: white; display: inline-block; height: 2rem; max-width: 100%; min-width: 2rem; overflow: hidden; padding: 0px; position: relative; text-overflow: ellipsis; vertical-align: middle; white-space: nowrap; width: auto;"><i class="i-share-gplus--white i" style="-webkit-background-size: 88%; background-image: url(data:image/svg+xml; background-position: 50% 50%; background-repeat: no-repeat; background-size: 88%; display: inline-block; height: 32px; vertical-align: middle; width: 32px;"></i></span></a></li> </ul> </div> <div class="meta__numbers modern-visible" style="border-bottom-color: rgb(223, 223, 223); border-bottom-style: dotted; border-bottom-width: 0.0625rem; border-top-color: rgb(223, 223, 223); border-top-style: dotted; border-top-width: 0.0625rem; height: 2.25rem; padding: 0.375rem 0px;"> <div class="meta__number js-sharecount" style="float: left; height: 36px; padding-right: 0.6875rem;" title="Facebook: 54 Twitter: 76"> <h3 class="sharecount__heading" style="color: #767676; font-family: 'Guardian Text Sans Web', 'Helvetica Neue', Helvetica, Arial, 'Lucida Grande', sans-serif; font-size: 0.75rem; font-weight: normal; height: 0.9375rem; line-height: 0.9375rem; margin: 0px; padding-left: 0.9375rem; position: relative;"> <i class="i" style="-webkit-background-size: contain; background-image: url(data:image/svg+xml; background-position: 0px 0px; background-repeat: no-repeat; background-size: contain; display: inline-block; height: 0.75rem; left: 0px; opacity: 0.35; position: absolute; width: 0.75rem;"></i>Shares</h3> <div class="sharecount__value sharecount__value--full" style="font-family: 'Guardian Egyptian Web', 'Guardian Text Egyptian Web', Georgia, serif; font-size: 1.125rem;"> 130</div> </div> <div class="u-h meta__number" data-commentcount-format="content" data-discussion-closed="true" data-discussion-id="/p/47p3x" style="border-bottom-width: 0px !important; border-left-color: rgb(241, 241, 241); border-left-style: solid; border-left-width: 0.0625rem; border-right-width: 0px !important; border-top-width: 0px !important; clip: rect(0px 0px 0px 0px) !important; float: left; height: 1px; margin: -0.0625rem !important; overflow: hidden !important; padding-bottom: 0px !important; padding-left: 0.625rem; padding-right: 0px; padding-top: 0px !important; position: absolute !important; width: 0.0625rem !important;"> </div> </div> </div> </div> </div> <div class="content__article-body from-content-api js-article__body" data-test-id="article-review-body" itemprop="articleBody" style="background-color: white; color: #333333; font-family: 'Guardian Text Egyptian Web', Georgia, serif; line-height: 24px; position: relative; word-wrap: break-word;"> <div style="margin-bottom: 1rem; padding: 0px;"> <span class="drop-cap drop-cap--wide" style="box-sizing: border-box; color: #951c55; display: inline-block; float: left; font-family: 'Guardian Egyptian Web', 'Guardian Text Egyptian Web', Georgia, serif; height: 4.5rem; margin-right: 0.3125rem; padding-top: 0.0625rem; text-transform: uppercase;"><span class="drop-cap__inner" style="display: inline-block; font-size: 5.25rem; line-height: 4.25rem; vertical-align: text-top;">W</span></span>hat’s the big deal? As the name indicates, the “flash crash” in the US stock market on 6 May 2010 didn’t last long. The loss of $1 trillion of stock market value was temporary. Calm – and normal share prices – returned within half an hour. The vast majority of investors – millions of people with long-term savings or pension money invested in US companies – didn’t lose a dollar. Most weren’t even stressed by the stock market’s rollercoaster ride. They were busy getting on with their lives.</div> <div style="margin-bottom: 1rem; padding: 0px;"> </div> </div></div>

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The trillion-dollar questions over the flash crash and the Hound of Hounslow

 The floor of the New York Stock Exchange on the day of the 'flash crash' , 6 May 2010. Photograph: Timothy Clary/AFP/Getty Images

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The 2010 'flash crash': how it unfolded

<div dir="ltr" style="text-align: left;" trbidi="on"> <figure class="media-primary media-content" data-component="image" itemprop="associatedMedia image" itemscope="" itemtype="http://schema.org/ImageObject" style="background-color: white; color: #333333; font-family: 'Guardian Text Egyptian Web', Georgia, serif; line-height: 24px; margin: 0px; position: relative;"><img alt="Traders at the New York Stock Exchange, during the Flash Crash of 2010." class="maxed responsive-img" itemprop="contentUrl representativeOfPage" sizes="(min-width: 980px) 620px, (min-width: 740px) 700px, (min-width: 660px) 620px, (min-width: 480px) 645px, 465px" src="http://i.guim.co.uk/static/w-300/h--/q-95/sys-images/Guardian/Pix/pictures/2015/4/22/1429724501614/4c40e049-600d-47fe-94b1-8735ed16e25a-300x180.jpeg" srcset="//i.guim.co.uk/static/w-620/h--/q-95/sys-images/Guardian/About/General/2012/9/16/1347818349619/Traders-at-the-New-York-S-012.jpg 620w, //i.guim.co.uk/static/w-700/h--/q-95/sys-images/Guardian/About/General/2012/9/16/1347818349619/Traders-at-the-New-York-S-012.jpg 700w, //i.guim.co.uk/static/w-645/h--/q-95/sys-images/Guardian/About/General/2012/9/16/1347818349619/Traders-at-the-New-York-S-012.jpg 645w, //i.guim.co.uk/static/w-465/h--/q-95/sys-images/Guardian/Pix/pictures/2015/4/22/1429724501370/a82a8916-f821-46a1-9cda-dfac6e88f99e-540x324.jpeg 465w" style="border: 0px; display: block; width: 620px;"><figcaption class="caption caption--main caption--img" itemprop="description" style="color: #767676; font-family: 'Guardian Text Sans Web', 'Helvetica Neue', Helvetica, Arial, 'Lucida Grande', sans-serif; font-size: 0.75rem; line-height: 1rem; max-width: none; min-height: 1.75rem; padding: 0.5rem 0px 1.5rem;"> Traders at the New York Stock Exchange, during the flash crash of 2010. Photograph: Henny Ray Abrams/AP</figcaption></figure><div class="content__meta-container js-content-meta js-football-meta u-cf " style="background-color: white; border-bottom-width: 0px; border-top-width: 0px; color: #333333; font-family: 'Guardian Text Egyptian Web', Georgia, serif; line-height: 24px; margin-bottom: 1rem; margin-left: -15rem; min-height: 2.25rem; position: absolute; top: 0px; width: 13.75rem;"> <div class="byline" data-component="meta-byline" data-link-name="byline" style="border-top-color: rgb(223, 223, 223); border-top-style: dotted; border-top-width: 0.0625rem; box-sizing: border-box; clear: both; color: #767676; font-size: 1rem; font-weight: bold; line-height: 1.375rem; min-height: 3rem; padding-bottom: 0.75rem; padding-top: 0.125rem;"> <span itemprop="author" itemscope="" itemtype="http://schema.org/Person"><a class="tone-colour" data-link-name="auto tag link" href="http://www.theguardian.com/profile/jilltreanor" itemprop="url name" rel="author" style="background: transparent; color: #005689; cursor: pointer; text-decoration: none;">Jill Treanor</a></span></div> <div aria-hidden="true" class="content__dateline" style="border-top-color: rgb(223, 223, 223); border-top-style: dotted; border-top-width: 0.0625rem; box-sizing: border-box; color: #767676; font-family: 'Guardian Text Sans Web', 'Helvetica Neue', Helvetica, Arial, 'Lucida Grande', sans-serif; font-size: 0.75rem; line-height: 1rem; min-height: 3rem; padding-bottom: 0.75rem; padding-right: 0px; padding-top: 0.125rem; position: relative;"> <time class="content__dateline-wpd js-wpd content__dateline-wpd--modified tone-colour" data-timestamp="1429724591000" datetime="2015-04-22T18:43:11+0100" itemprop="datePublished" style="color: #005689; cursor: pointer; display: inline-block;">Wednesday 22 April 2015 <span class="content__dateline-time">18.43 BST</span></time><time class="content__dateline-lm js-lm u-h" data-timestamp="1429744017057" datetime="2015-04-23T00:06:57+0100" itemprop="dateModified" style="border: 0px !important; clip: rect(0px 0px 0px 0px) !important; display: inline-block; height: 0.0625rem !important; margin: -0.0625rem !important; overflow: hidden !important; padding-bottom: 0px !important; padding-left: 0px !important; padding-right: 0px !important; padding-top: 0.125rem; position: absolute !important; width: 0.0625rem !important;">Last modified on Thursday 23 April 2015<span class="content__dateline-time">00.06 BST</span></time></div> <div class="meta__extras" style="clear: both; position: relative;"> <div class="meta__social" data-component="share" style="border-top-color: rgb(223, 223, 223); border-top-style: dotted; border-top-width: 0.0625rem; box-sizing: border-box; padding: 0px;"> <ul class="social social--top u-unstyled u-cf" data-component="social" style="height: 2rem; list-style: none; margin: 0px; overflow-y: hidden; padding: 0.375rem 0px;"> <li class="social__item social__item--facebook" data-link-name="facebook" style="float: left; min-width: 2rem; padding: 0px 0.1875rem 0.375rem 0px;"><a class="social__action social-icon-wrapper" data-link-name="social top" href="https://www.facebook.com/sharer/sharer.php?u=http%3A%2F%2Fgu.com%2Fp%2F47mcb%2Fsfb&ref=responsive" style="background: transparent; color: #005689; cursor: pointer; display: inline-block; text-decoration: none;" target="_blank" title="Facebook"><span class="u-h" style="border: 0px !important; clip: rect(0px 0px 0px 0px) !important; height: 0.0625rem !important; margin: -0.0625rem !important; overflow: hidden !important; padding: 0px !important; position: absolute !important; width: 0.0625rem !important;">Share on Facebook</span><span class="rounded-icon social-icon social-icon--facebook" style="background-color: #3067a3; border-radius: 62.5rem; border: 0px; box-sizing: content-box; color: white; display: inline-block; height: 2rem; max-width: 100%; min-width: 2rem; overflow: hidden; padding: 0px; position: relative; text-overflow: ellipsis; vertical-align: middle; white-space: nowrap; width: auto;"><i class="i-share-facebook--white i" style="-webkit-background-size: 88%; background-image: url(data:image/svg+xml; background-position: 50% 50%; background-repeat: no-repeat; background-size: 88%; display: inline-block; height: 32px; vertical-align: middle; width: 32px;"></i></span></a></li> <li class="social__item social__item--twitter" data-link-name="twitter" style="float: left; min-width: 2rem; padding: 0px 0.1875rem 0.375rem 0px;"><a class="social__action social-icon-wrapper" data-link-name="social top" href="https://twitter.com/intent/tweet?text=The+2010+%27flash+crash%27%3A+how+it+unfolded&url=http%3A%2F%2Fgu.com%2Fp%2F47mcb%2Fstw" style="background: transparent; color: #005689; cursor: pointer; display: inline-block; text-decoration: none;" target="_blank" title="Twitter"><span class="u-h" style="border: 0px !important; clip: rect(0px 0px 0px 0px) !important; height: 0.0625rem !important; margin: -0.0625rem !important; overflow: hidden !important; padding: 0px !important; position: absolute !important; width: 0.0625rem !important;">Share on Twitter</span><span class="rounded-icon social-icon social-icon--twitter" style="background-color: #03b3ee; border-radius: 62.5rem; border: 0px; box-sizing: content-box; color: white; display: inline-block; height: 2rem; max-width: 100%; min-width: 2rem; overflow: hidden; padding: 0px; position: relative; text-overflow: ellipsis; vertical-align: middle; white-space: nowrap; width: auto;"><i class="i-share-twitter--white i" style="-webkit-background-size: 88%; background-image: url(data:image/svg+xml; background-position: 50% 50%; background-repeat: no-repeat; background-size: 88%; display: inline-block; height: 32px; vertical-align: middle; width: 32px;"></i></span></a></li> <li class="social__item social__item--email" data-link-name="email" style="float: left; min-width: 2rem; padding: 0px 0.1875rem 0.375rem 0px;"><a class="social__action social-icon-wrapper" data-link-name="social top" href="mailto:?subject=The%202010%20%27flash%20crash%27%3A%20how%20it%20unfolded&body=http%3A%2F%2Fgu.com%2Fp%2F47mcb%2Fsbl" style="background: transparent; color: #005689; cursor: pointer; display: inline-block; text-decoration: none;" target="_blank" title="Email"><span class="u-h" style="border: 0px !important; clip: rect(0px 0px 0px 0px) !important; height: 0.0625rem !important; margin: -0.0625rem !important; overflow: hidden !important; padding: 0px !important; position: absolute !important; width: 0.0625rem !important;">Share via Email</span><span class="rounded-icon social-icon social-icon--email" style="background-color: #767676; border-radius: 62.5rem; border: 0px; box-sizing: content-box; color: white; display: inline-block; height: 2rem; max-width: 100%; min-width: 2rem; overflow: hidden; padding: 0px; position: relative; text-overflow: ellipsis; vertical-align: middle; white-space: nowrap; width: auto;"><i class="i-share-email--white i" style="-webkit-background-size: 88%; background-image: url(data:image/svg+xml; background-position: 50% 50%; background-repeat: no-repeat; background-size: 88%; display: inline-block; height: 32px; vertical-align: middle; width: 32px;"></i></span></a></li> <li class="social__item social__item--linkedin" data-link-name="linkedin" style="float: left; min-width: 2rem; padding: 0px 0.1875rem 0.375rem 0px;"><a class="social__action social-icon-wrapper" data-link-name="social top" href="http://www.linkedin.com/shareArticle?mini=true&title=The+2010+%27flash+crash%27%3A+how+it+unfolded&url=http%3A%2F%2Fgu.com%2Fp%2F47mcb" style="background: transparent; color: #005689; cursor: pointer; display: inline-block; text-decoration: none;" target="_blank" title="LinkedIn"><span class="u-h" style="border: 0px !important; clip: rect(0px 0px 0px 0px) !important; height: 0.0625rem !important; margin: -0.0625rem !important; overflow: hidden !important; padding: 0px !important; position: absolute !important; width: 0.0625rem !important;">Share on LinkedIn</span><span class="rounded-icon social-icon social-icon--linkedin" style="background-color: #0071a1; border-radius: 62.5rem; border: 0px; box-sizing: content-box; color: white; display: inline-block; height: 2rem; max-width: 100%; min-width: 2rem; overflow: hidden; padding: 0px; position: relative; text-overflow: ellipsis; vertical-align: middle; white-space: nowrap; width: auto;"><i class="i-share-linkedin--white i" style="-webkit-background-size: 88%; background-image: url(data:image/svg+xml; background-position: 50% 50%; background-repeat: no-repeat; background-size: 88%; display: inline-block; height: 32px; vertical-align: middle; width: 32px;"></i></span></a></li> <li class="social__item social__item--gplus" data-link-name="gplus" style="float: left; min-width: 2rem; padding: 0px 0.1875rem 0.375rem 0px;"><a class="social__action social-icon-wrapper" data-link-name="social top" href="https://plus.google.com/share?url=http%3A%2F%2Fgu.com%2Fp%2F47mcb%2Fsgp&amp;hl=en-GB&amp;wwc=1" style="background: transparent; color: #005689; cursor: pointer; display: inline-block; text-decoration: none;" target="_blank" title="Google plus"><span class="u-h" style="border: 0px !important; clip: rect(0px 0px 0px 0px) !important; height: 0.0625rem !important; margin: -0.0625rem !important; overflow: hidden !important; padding: 0px !important; position: absolute !important; width: 0.0625rem !important;">Share on Google+</span><span class="rounded-icon social-icon social-icon--gplus" style="background-color: #e15440; border-radius: 62.5rem; border: 0px; box-sizing: content-box; color: white; display: inline-block; height: 2rem; max-width: 100%; min-width: 2rem; overflow: hidden; padding: 0px; position: relative; text-overflow: ellipsis; vertical-align: middle; white-space: nowrap; width: auto;"><i class="i-share-gplus--white i" style="-webkit-background-size: 88%; background-image: url(data:image/svg+xml; background-position: 50% 50%; background-repeat: no-repeat; background-size: 88%; display: inline-block; height: 32px; vertical-align: middle; width: 32px;"></i></span></a></li> </ul> </div> <div class="meta__numbers modern-visible" style="border-bottom-color: rgb(223, 223, 223); border-bottom-style: dotted; border-bottom-width: 0.0625rem; border-top-color: rgb(223, 223, 223); border-top-style: dotted; border-top-width: 0.0625rem; height: 2.25rem; padding: 0.375rem 0px;"> <div class="meta__number js-sharecount" style="float: left; height: 36px; padding-right: 0.6875rem;" title="Facebook: 264 Twitter: 60"> <h3 class="sharecount__heading" style="color: #767676; font-family: 'Guardian Text Sans Web', 'Helvetica Neue', Helvetica, Arial, 'Lucida Grande', sans-serif; font-size: 0.75rem; font-weight: normal; height: 0.9375rem; line-height: 0.9375rem; margin: 0px; padding-left: 0.9375rem; position: relative;"> <i class="i" style="-webkit-background-size: contain; background-image: url(data:image/svg+xml; background-position: 0px 0px; background-repeat: no-repeat; background-size: contain; display: inline-block; height: 0.75rem; left: 0px; opacity: 0.35; position: absolute; width: 0.75rem;"></i>Shares</h3> <div class="sharecount__value sharecount__value--full" style="font-family: 'Guardian Egyptian Web', 'Guardian Text Egyptian Web', Georgia, serif; font-size: 1.125rem;"> 324</div> </div> <div class="u-h meta__number" data-commentcount-format="content" data-discussion-closed="true" data-discussion-id="/p/47mcb" style="border-bottom-width: 0px !important; border-left-color: rgb(241, 241, 241); border-left-style: solid; border-left-width: 0.0625rem; border-right-width: 0px !important; border-top-width: 0px !important; clip: rect(0px 0px 0px 0px) !important; float: left; height: 1px; margin: -0.0625rem !important; overflow: hidden !important; padding-bottom: 0px !important; padding-left: 0.625rem; padding-right: 0px; padding-top: 0px !important; position: absolute !important; width: 0.0625rem !important;"> </div> </div> </div> </div> <div class="content__article-body from-content-api js-article__body" data-test-id="article-review-body" itemprop="articleBody" style="background-color: white; color: #333333; font-family: 'Guardian Text Egyptian Web', Georgia, serif; line-height: 24px; position: relative; word-wrap: break-word;"> <div style="margin-bottom: 1rem; padding: 0px;"> It was 6 May 2010. In the UK it was general election day, in the US,Wall Street was gripped by mounting anxiety about the Greek debt crisis. The euro was falling against the dollar and the yen, but despite the turbulent start to the trading day, no one had expected the near 1,000-point dive in share prices.</div> <div style="margin-bottom: 1rem; padding: 0px;"> </div> </div></div>

The 2010 'flash crash': how it unfolded

 Traders at the New York Stock Exchange, during the flash crash of 2010. Photograph: Henny Ray Abrams/AP

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Captain Birds Eye sets sail again as US investors buy Iglo

<div dir="ltr" style="text-align: left;" trbidi="on"> <figure class="media-primary media-content" data-component="image" itemprop="associatedMedia image" itemscope="" itemtype="http://schema.org/ImageObject" style="background-color: white; color: #333333; font-family: 'Guardian Text Egyptian Web', Georgia, serif; line-height: 24px; margin: 0px; position: relative;"><a class="article__img-container js-gallerythumbs" data-is-ajax="" data-link-name="Launch Article Lightbox" href="http://www.theguardian.com/business/2015/apr/20/birds-eye-sets-sail-again-as-us-investors-buy-iglo#img-1" style="background: transparent; color: #005689; cursor: pointer; text-decoration: none;"><div class=""> <img alt="Fish fingers in a heap. The price of fish fingers has dropped 12% despite rising global food prices." class="maxed responsive-img" itemprop="contentUrl representativeOfPage" sizes="(min-width: 980px) 620px, (min-width: 740px) 700px, (min-width: 660px) 620px, (min-width: 480px) 645px, 465px" src="http://i.guim.co.uk/static/w-300/h--/q-95/sys-images/Guardian/Pix/pictures/2015/4/20/1429519582926/b404dd07-3313-41a9-90e8-396b417f6ab1-300x180.jpeg" srcset="//i.guim.co.uk/static/w-620/h--/q-95/sys-images/Guardian/Pix/pictures/2015/4/20/1429519583199/b404dd07-3313-41a9-90e8-396b417f6ab1-620x372.jpeg 620w, //i.guim.co.uk/static/w-700/h--/q-95/sys-images/Guardian/Pix/pictures/2015/4/20/1429519582718/b404dd07-3313-41a9-90e8-396b417f6ab1-1020x612.jpeg 700w, //i.guim.co.uk/static/w-645/h--/q-95/sys-images/Guardian/Pix/pictures/2015/4/20/1429519582718/b404dd07-3313-41a9-90e8-396b417f6ab1-1020x612.jpeg 645w, //i.guim.co.uk/static/w-465/h--/q-95/sys-images/Guardian/Pix/pictures/2015/4/20/1429519582390/b404dd07-3313-41a9-90e8-396b417f6ab1-540x324.jpeg 465w" style="border: 0px; display: block; width: 620px;"><span class="rounded-icon article__fullscreen" style="background-color: rgba(51, 51, 51, 0.6); border-radius: 62.5rem; display: inline-block; height: 2.75rem; margin: 0.625rem; position: absolute; right: 0px; top: 0px; vertical-align: middle; width: 2.75rem;"><i class="i i-expand-white" style="-webkit-background-size: contain; background-image: url(data:image/svg+xml; background-position: 0px 0px; background-repeat: no-repeat; background-size: contain; bottom: 0px; display: inline-block; height: 1.375rem; left: 0px; margin: auto; position: absolute; right: 0px; top: 0px; width: 1.375rem;"></i></span></div> </a><figcaption class="caption caption--main caption--img" itemprop="description" style="color: #767676; font-family: 'Guardian Text Sans Web', 'Helvetica Neue', Helvetica, Arial, 'Lucida Grande', sans-serif; font-size: 0.75rem; line-height: 1rem; max-width: none; min-height: 1.75rem; padding: 0.5rem 0px 1.5rem;"> The price of fish fingers has dropped 12% despite rising global food prices. Photograph: Getty/FoodCollection</figcaption></figure><div class="content__meta-container js-content-meta js-football-meta u-cf " style="background-color: white; border-bottom-width: 0px; border-top-width: 0px; color: #333333; font-family: 'Guardian Text Egyptian Web', Georgia, serif; line-height: 24px; margin-bottom: 1rem; margin-left: -15rem; min-height: 2.25rem; position: absolute; top: 0px; width: 13.75rem;"> <div class="byline" data-component="meta-byline" data-link-name="byline" style="border-top-color: rgb(223, 223, 223); border-top-style: dotted; border-top-width: 0.0625rem; box-sizing: border-box; clear: both; color: #767676; font-size: 1rem; font-weight: bold; line-height: 1.375rem; min-height: 3rem; padding-bottom: 0.75rem; padding-top: 0.125rem;"> <span itemprop="author" itemscope="" itemtype="http://schema.org/Person"><a class="tone-colour" data-link-name="auto tag link" href="http://www.theguardian.com/profile/sean-farrell" itemprop="url name" rel="author" style="background: transparent; color: #005689; cursor: pointer; text-decoration: none;">Sean Farrell</a></span></div> <div aria-hidden="true" class="content__dateline" style="border-top-color: rgb(223, 223, 223); border-top-style: dotted; border-top-width: 0.0625rem; box-sizing: border-box; color: #767676; font-family: 'Guardian Text Sans Web', 'Helvetica Neue', Helvetica, Arial, 'Lucida Grande', sans-serif; font-size: 0.75rem; line-height: 1rem; min-height: 3rem; padding-bottom: 0.75rem; padding-right: 0px; padding-top: 0.125rem; position: relative;"> <time class="content__dateline-wpd js-wpd content__dateline-wpd--modified tone-colour" data-timestamp="1429519924000" datetime="2015-04-20T09:52:04+0100" itemprop="datePublished" style="color: #005689; cursor: pointer; display: inline-block;">Monday 20 April 2015 <span class="content__dateline-time">09.52 BST</span></time><time class="content__dateline-lm js-lm u-h" data-timestamp="1429796758357" datetime="2015-04-23T14:45:58+0100" itemprop="dateModified" style="border: 0px !important; clip: rect(0px 0px 0px 0px) !important; display: inline-block; height: 0.0625rem !important; margin: -0.0625rem !important; overflow: hidden !important; padding-bottom: 0px !important; padding-left: 0px !important; padding-right: 0px !important; padding-top: 0.125rem; position: absolute !important; width: 0.0625rem !important;">Last modified on Thursday 23 April 2015<span class="content__dateline-time">14.45 BST</span></time></div> <div class="meta__extras" style="clear: both; position: relative;"> <div class="meta__social" data-component="share" style="border-top-color: rgb(223, 223, 223); border-top-style: dotted; border-top-width: 0.0625rem; box-sizing: border-box; padding: 0px;"> <ul class="social social--top u-unstyled u-cf" data-component="social" style="height: 2rem; list-style: none; margin: 0px; overflow-y: hidden; padding: 0.375rem 0px;"> <li class="social__item social__item--facebook" data-link-name="facebook" style="float: left; min-width: 2rem; padding: 0px 0.1875rem 0.375rem 0px;"><a class="social__action social-icon-wrapper" data-link-name="social top" href="https://www.facebook.com/sharer/sharer.php?u=http%3A%2F%2Fgu.com%2Fp%2F47k5v%2Fsfb&ref=responsive" style="background: transparent; 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box-sizing: content-box; color: white; display: inline-block; height: 2rem; max-width: 100%; min-width: 2rem; overflow: hidden; padding: 0px; position: relative; text-overflow: ellipsis; vertical-align: middle; white-space: nowrap; width: auto;"><i class="i-share-twitter--white i" style="-webkit-background-size: 88%; background-image: url(data:image/svg+xml; background-position: 50% 50%; background-repeat: no-repeat; background-size: 88%; display: inline-block; height: 32px; vertical-align: middle; width: 32px;"></i></span></a></li> <li class="social__item social__item--email" data-link-name="email" style="float: left; min-width: 2rem; padding: 0px 0.1875rem 0.375rem 0px;"><a class="social__action social-icon-wrapper" data-link-name="social top" href="mailto:?subject=Captain%20Birds%20Eye%20sets%20sail%20again%20as%20US%20investors%20buy%20Iglo&body=http%3A%2F%2Fgu.com%2Fp%2F47k5v%2Fsbl" style="background: transparent; color: #005689; cursor: pointer; display: inline-block; text-decoration: none;" target="_blank" title="Email"><span class="u-h" style="border: 0px !important; 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position: absolute !important; width: 0.0625rem !important;">Share on Google+</span><span class="rounded-icon social-icon social-icon--gplus" style="background-color: #e15440; border-radius: 62.5rem; border: 0px; box-sizing: content-box; color: white; display: inline-block; height: 2rem; max-width: 100%; min-width: 2rem; overflow: hidden; padding: 0px; position: relative; text-overflow: ellipsis; vertical-align: middle; white-space: nowrap; width: auto;"><i class="i-share-gplus--white i" style="-webkit-background-size: 88%; background-image: url(data:image/svg+xml; background-position: 50% 50%; background-repeat: no-repeat; background-size: 88%; display: inline-block; height: 32px; vertical-align: middle; width: 32px;"></i></span></a></li> </ul> </div> <div class="meta__numbers modern-visible" style="border-bottom-color: rgb(223, 223, 223); border-bottom-style: dotted; border-bottom-width: 0.0625rem; border-top-color: rgb(223, 223, 223); border-top-style: dotted; border-top-width: 0.0625rem; height: 2.25rem; padding: 0.375rem 0px;"> <div class="meta__number js-sharecount" style="float: left; height: 36px; padding-right: 0.6875rem;" title="Facebook: 58 Twitter: 63"> <h3 class="sharecount__heading" style="color: #767676; font-family: 'Guardian Text Sans Web', 'Helvetica Neue', Helvetica, Arial, 'Lucida Grande', sans-serif; font-size: 0.75rem; font-weight: normal; height: 0.9375rem; line-height: 0.9375rem; margin: 0px; padding-left: 0.9375rem; position: relative;"> <i class="i" style="-webkit-background-size: contain; background-image: url(data:image/svg+xml; background-position: 0px 0px; background-repeat: no-repeat; background-size: contain; display: inline-block; height: 0.75rem; left: 0px; opacity: 0.35; position: absolute; width: 0.75rem;"></i>Shares</h3> <div class="sharecount__value sharecount__value--full" style="font-family: 'Guardian Egyptian Web', 'Guardian Text Egyptian Web', Georgia, serif; font-size: 1.125rem;"> 121</div> </div> <div class="u-h meta__number" data-commentcount-format="content" data-discussion-closed="true" data-discussion-id="/p/47k5v" style="border-bottom-width: 0px !important; border-left-color: rgb(241, 241, 241); border-left-style: solid; border-left-width: 0.0625rem; border-right-width: 0px !important; border-top-width: 0px !important; clip: rect(0px 0px 0px 0px) !important; float: left; height: 1px; margin: -0.0625rem !important; overflow: hidden !important; padding-bottom: 0px !important; padding-left: 0.625rem; padding-right: 0px; padding-top: 0px !important; position: absolute !important; width: 0.0625rem !important;"> </div> </div> </div> </div> <div class="content__article-body from-content-api js-article__body" data-test-id="article-review-body" itemprop="articleBody" style="background-color: white; color: #333333; font-family: 'Guardian Text Egyptian Web', Georgia, serif; line-height: 24px; position: relative; word-wrap: break-word;"> <div style="margin-bottom: 1rem; padding: 0px;"> Birds Eye, the company behind six decades of children’s fish-finger-and-frozen-pea dinners, is to be sold to a pair of US tycoons as they make their first move in building a global food company.</div> <div style="margin-bottom: 1rem; padding: 0px;"> </div> </div></div>

Captain Birds Eye sets sail again as US investors buy Iglo

 The price of fish fingers has dropped 12% despite rising global food prices. Photograph: Getty/FoodCollection

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Markets face new threat as US Federal Reserve ponders interest rate rise

<div dir="ltr" style="text-align: left;" trbidi="on"> <figure class="media-primary media-content" data-component="image" itemprop="associatedMedia image" itemscope="" itemtype="http://schema.org/ImageObject" style="background-color: white; color: #333333; font-family: 'Guardian Text Egyptian Web', Georgia, serif; line-height: 24px; margin: 0px; position: relative;"><a class="article__img-container js-gallerythumbs" data-is-ajax="" data-link-name="Launch Article Lightbox" href="http://www.theguardian.com/business/2015/apr/18/us-interest-rates-rise-federal-reserve-market-crash#img-1" style="background: transparent; color: #005689; cursor: pointer; text-decoration: none;"><div class=""> <img alt="Federal Reserve Janet Yellen" class="maxed responsive-img" itemprop="contentUrl representativeOfPage" sizes="(min-width: 980px) 620px, (min-width: 740px) 700px, (min-width: 660px) 620px, (min-width: 480px) 645px, 465px" src="http://i.guim.co.uk/static/w-300/h--/q-95/sys-images/Observer/Pix/pictures/2015/4/17/1429287976087/Federal-Reserve-Janet-Yel-003.jpg" srcset="//i.guim.co.uk/static/w-620/h--/q-95/sys-images/Observer/Pix/pictures/2015/4/17/1429287981074/Federal-Reserve-Janet-Yel-007.jpg 620w, //i.guim.co.uk/static/w-700/h--/q-95/sys-images/Observer/Pix/pictures/2015/4/17/1429287982435/Federal-Reserve-Janet-Yel-008.jpg 700w, //i.guim.co.uk/static/w-645/h--/q-95/sys-images/Observer/Pix/pictures/2015/4/17/1429287982435/Federal-Reserve-Janet-Yel-008.jpg 645w, //i.guim.co.uk/static/w-465/h--/q-95/sys-images/Observer/Pix/pictures/2015/4/17/1429287979791/Federal-Reserve-Janet-Yel-006.jpg 465w" style="border: 0px; display: block; width: 620px;"><span class="rounded-icon article__fullscreen" style="background-color: rgba(51, 51, 51, 0.6); border-radius: 62.5rem; display: inline-block; height: 2.75rem; margin: 0.625rem; position: absolute; right: 0px; top: 0px; vertical-align: middle; width: 2.75rem;"><i class="i i-expand-white" style="-webkit-background-size: contain; background-image: url(data:image/svg+xml; background-position: 0px 0px; background-repeat: no-repeat; background-size: contain; bottom: 0px; display: inline-block; height: 1.375rem; left: 0px; margin: auto; position: absolute; right: 0px; top: 0px; width: 1.375rem;"></i></span></div> </a><figcaption class="caption caption--main caption--img" itemprop="description" style="color: #767676; font-family: 'Guardian Text Sans Web', 'Helvetica Neue', Helvetica, Arial, 'Lucida Grande', sans-serif; font-size: 0.75rem; line-height: 1rem; max-width: none; min-height: 1.75rem; padding: 0.5rem 0px 1.5rem;"> Janet Yellen: there is potential turmoil ahead if she presses the button to increase borrowing rates. Photograph: Shawn Thew/EPA</figcaption></figure><div class="content__meta-container js-content-meta js-football-meta u-cf " style="background-color: white; border-bottom-width: 0px; border-top-width: 0px; color: #333333; font-family: 'Guardian Text Egyptian Web', Georgia, serif; line-height: 24px; margin-bottom: 1rem; margin-left: -15rem; min-height: 2.25rem; position: absolute; top: 0px; width: 13.75rem;"> <div class="byline" data-component="meta-byline" data-link-name="byline" style="border-top-color: rgb(223, 223, 223); border-top-style: dotted; border-top-width: 0.0625rem; box-sizing: border-box; clear: both; color: #767676; font-size: 1rem; font-weight: bold; line-height: 1.375rem; min-height: 3rem; padding-bottom: 0.75rem; padding-top: 0.125rem;"> <span itemprop="author" itemscope="" itemtype="http://schema.org/Person"><a class="tone-colour" data-link-name="auto tag link" href="http://www.theguardian.com/profile/phillipinman" itemprop="url name" rel="author" style="background: transparent; color: #21a2bc; cursor: pointer; text-decoration: none;">Phillip Inman</a></span> Washington</div> <div aria-hidden="true" class="content__dateline" style="border-top-color: rgb(223, 223, 223); border-top-style: dotted; border-top-width: 0.0625rem; box-sizing: border-box; color: #767676; font-family: 'Guardian Text Sans Web', 'Helvetica Neue', Helvetica, Arial, 'Lucida Grande', sans-serif; font-size: 0.75rem; line-height: 1rem; min-height: 3rem; padding-bottom: 0.75rem; padding-right: 0px; padding-top: 0.125rem; position: relative;"> <time class="content__dateline-wpd js-wpd content__dateline-wpd--modified tone-colour" data-timestamp="1429369209000" datetime="2015-04-18T16:00:09+0100" itemprop="datePublished" style="color: #21a2bc; cursor: pointer; display: inline-block;">Saturday 18 April 2015 <span class="content__dateline-time">16.00 BST</span></time><time class="content__dateline-lm js-lm u-h" data-timestamp="1429398277000" datetime="2015-04-19T00:04:37+0100" itemprop="dateModified" style="border: 0px !important; clip: rect(0px 0px 0px 0px) !important; display: inline-block; height: 0.0625rem !important; margin: -0.0625rem !important; overflow: hidden !important; padding-bottom: 0px !important; padding-left: 0px !important; padding-right: 0px !important; padding-top: 0.125rem; position: absolute !important; width: 0.0625rem !important;">Last modified on Sunday 19 April 2015<span class="content__dateline-time">00.04 BST</span></time></div> <div class="meta__extras" style="clear: both; position: relative;"> <div class="meta__social" data-component="share" style="border-top-color: rgb(223, 223, 223); border-top-style: dotted; border-top-width: 0.0625rem; box-sizing: border-box; padding: 0px;"> <ul class="social social--top u-unstyled u-cf" data-component="social" style="height: 2rem; list-style: none; margin: 0px; overflow-y: hidden; padding: 0.375rem 0px;"> <li class="social__item social__item--facebook" data-link-name="facebook" style="float: left; min-width: 2rem; padding: 0px 0.1875rem 0.375rem 0px;"><a class="social__action social-icon-wrapper" data-link-name="social top" href="https://www.facebook.com/sharer/sharer.php?u=http%3A%2F%2Fgu.com%2Fp%2F47j82%2Fsfb&ref=responsive" style="background: transparent; 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border-left-style: solid; border-left-width: 0.0625rem; float: left; height: 36px; padding-left: 0.625rem; padding-right: 0px;"> <a class="commentcount2 tone-colour" data-link-name="Comment count" href="http://www.theguardian.com/business/2015/apr/18/us-interest-rates-rise-federal-reserve-market-crash#comments" style="background: transparent; color: #21a2bc; cursor: pointer; display: block; text-decoration: none;"><h3 class="commentcount2__heading" style="font-family: 'Guardian Text Sans Web', 'Helvetica Neue', Helvetica, Arial, 'Lucida Grande', sans-serif; font-size: 0.75rem; font-weight: normal; height: 0.9375rem; line-height: 0.9375rem; margin: 0px; padding-left: 0.9375rem; position: relative;"> <span class="inline-tone-fill inline-comment-16 inline-icon" style="fill: rgb(75, 198, 223); left: 0px; margin: 0.125rem 0px 0px -0.125rem; position: absolute;"><svg height="16" viewbox="0 0 16 16" width="16"><path d="M13 0l1 1v7l-1 1H7l-2 3H4V9H2L1 8V1l1-1h11z"></path></svg></span>Comments</h3> <span class="commentcount2__value tone-colour" style="display: block; font-family: 'Guardian Egyptian Web', 'Guardian Text Egyptian Web', Georgia, serif; font-size: 1.125rem;">77</span></a></div> </div> </div> </div> <div class="content__article-body from-content-api js-article__body" data-test-id="article-review-body" itemprop="articleBody" style="background-color: white; color: #333333; font-family: 'Guardian Text Egyptian Web', Georgia, serif; line-height: 24px; position: relative; word-wrap: break-word;"> <div style="margin-bottom: 1rem; padding: 0px;"> The moment US central bank chief <a class=" u-underline" data-component="auto-linked-tag" data-link-name="auto-linked-tag" href="http://www.theguardian.com/business/janet-yellen" style="-webkit-transition: border-color 0.15s ease-out; background: transparent; border-bottom-color: rgb(220, 220, 220); border-bottom-style: solid; border-bottom-width: 0.0625rem; color: #005689; cursor: pointer; text-decoration: none !important; transition: border-color 0.15s ease-out;">Janet Yellen</a> presses the button will be a massive economic event. The prospect that higher interest rates in the world’s largest economy could come this year has already sent the dollar surging against the pound and euro. It has also fuelled fears of a meltdown in countries that have borrowed heavily in the US currency.</div> <div style="margin-bottom: 1rem; padding: 0px;"> </div> </div></div>

Markets face new threat as US Federal Reserve ponders interest rate rise

 Janet Yellen: there is potential turmoil ahead if she presses the button to increase borrowing rates. Photograph: Shawn Thew/EPA

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