Federal Reserve
-
Accused Russian agent Butina met with U.S. Treasury, Fed officials
EghtesadOnline: Accused Russian agent Maria Butina had wider high-level contacts in Washington than previously known, taking part in 2015 meetings between a visiting Russian official and two…
-
Stocks Gain, Treasuries Steady Before Key CPI Data
EghtesadOnline: U.S. equity-index futures gained, the dollar edged lower and Treasuries were steady before a key inflation report that may throw more light on the Federal Reserve’s policy path.…
-
Dow Plunges 666 Points as Rate Angst Sinks Bonds
EghtesadOnline: The Dow Jones Industrial Average tumbled 666 points in the biggest plunge since June 2016, as the worsening bond rout stirred angst that the Federal Reserve will accelerate its…
-
Jerome Powell’s Views on U.S. Monetary Policy in His Own Words
EghtesadOnline: President Donald Trump is expected to nominate Federal Reserve Governor Jerome Powell to seize the reins of the central bank when Chair Janet Yellen’s term ends in February 2018,…
-
Trump Considered Keeping Yellen at Fed, Until Mnuchin Spoke Up
EghtesadOnline: Jerome Powell wasn’t a lock to be President Donald Trump’s pick to lead the Federal Reserve.
-
Trump Says He’s ‘Very, Very Close’ to Naming Fed Chair Nominee
EghtesadOnline: President Donald Trump told reporters Monday he is “very, very close” to announcing his nominee for chairman of the Federal Reserve.
-
Yellen Says Imprudent to Stay on Hold Until Inflation at 2%
EghtesadOnline: Federal Reserve Chair Janet Yellen said gradually raising interest rates is the most appropriate policy approach amid higher uncertainty about inflation, reinforcing the U.S.…
-
Dollar Gains on Rates, U.S. Tax Plan; Stocks Mixed
EghtesadOnline: The dollar extended gains after Federal Reserve Chair Janet Yellen boosted expectations for an interest-rate rise in December and ahead of the U.S. president laying out his tax-reform…
-
Dollar trades sideways as investors await Fed's policy signals
EghtesadOnline: The dollar was on tenterhooks, trading sideways against major rivals on Wednesday as investors awaited the outcome of the Federal Reserve’s meeting at which it was expected to…
-
Traders Hold Back Before Fed Decides on Policy
EghtesadOnline: Stocks fluctuated near peaks and the dollar held above its recent lows with a highly anticipated Federal Reserve policy decision pending, and as investors girded for another round…
-
Stocks in Asia Mixed Ahead of Fed as Yuan Retreats
EghtesadOnline: Asian investors deferred taking any major positions ahead of the Federal Reserve’s policy meeting that’s expected to focus on unwinding stimulus efforts. Stocks in the region…
-
Dollar hits low note while euro shines; storms stoke worry in U.S.
EghtesadOnline: Reduced expectations for another U.S. Federal Reserve interest rate hike this year helped drive down the dollar to its lowest in more than 2-1/2 years on Friday and kept gold…
-
Asian Equities Mixed as Harvey's Impact Assessed
EghtesadOnline: Asian stocks fluctuated and U.S. equity futures fell as investors weighed the damage from Tropical Storm Harvey on U.S. oil refining centers. The greenback maintained losses after…
-
Draghi Says Protectionism Is a Threat to Global Economic Growth
EghtesadOnline: European Central Bank President Mario Draghi defended free trade and post-crisis financial regulation at the U.S. Federal Reserve’s Jackson Hole symposium, while avoiding any…
-
Gold Is Shaken by a Mysterious 2 Million-Ounce Trade
EghtesadOnline: So much for a quiet Friday in late August. After weeks of relative slumber, gold traders were rudely awoken to a surge in volume and volatility. In a span of one minute, gold…
-
Yellen Distances Herself From Trump in Jackson Hole Speech
EghtesadOnline: In the end, it sounded more like a swan song than a job audition. By broadly defending the sweeping financial rules put in place in the past decade, Federal Reserve Chair Janet…
-
Yellen to Trump: don't expect a flip-flop on financial reforms
EghtesadOnline: Janet Yellen delivered a message to President Donald Trump on Friday, making it clear that if he re-nominates her as Federal Reserve chair she will not turn her back on the raft…
-
Fed's Big Bond Unwind May Clobber U.S. Stocks, Corporate Debt
EghtesadOnline: Stocks and corporate bonds may be the surprise big losers once the Federal Reserve starts reducing its $4.5 trillion balance sheet.
-
Dollar steadies after dropping on U.S. political turmoil
EghtesadOnline: The dollar steadied on Monday, edging away from four-month lows against the yen plumbed in the previous session as investors turned their focus from political turmoil in Washington…
-
Cohn Solidifies Lead in Race to Replace Yellen, Economists Say
EghtesadOnline: White House economic adviser Gary Cohn is emerging as the clear front-runner for the nomination to succeed Federal Reserve Chair Janet Yellen, according to a National Association…
-
Stability concerns focus at Fed ahead of Yellen speech
EghtesadOnline: The stock market's steady rise, still low long-term bond yields and a sagging dollar are girding the Fed's intent to raise interest rates again this year despite concerns about…
-
Dollar revived by U.S. data tonic, North Korea respite
EghtesadOnline: The dollar hoarded hefty gains on Wednesday after strong U.S. retail data put a Federal Reserve rate hike back on the agenda, while Asia stocks inched ahead as tensions in the…
-
Modest rise in U.S. consumer prices may delay Fed rate hike
EghtesadOnline: U.S. consumer prices rose slightly in July as higher food costs were partly offset by falling prices for a range of other goods, suggesting benign inflation that could persuade…
-
Gold Surges to Highest Since Early June on Tame U.S. Inflation
EghtesadOnline: Gold futures extended gains to a nine-week high after a report showed U.S. consumer prices rose less than expected, weakening the case for the Federal Reserve to raise interest…
-
Kashkari Says Fed Concerns Over Inflation Based on ‘Ghost Story’
EghtesadOnline: Federal Reserve Bank of Minneapolis President Neel Kashkari said his colleagues at the U.S. central bank have voted to raise interest rates because they are worried about accelerating…
-
The Wait for a U.S. Inflation Pickup Drags On, Clouding the Fed Outlook
EghtesadOnline: It’s becoming an endless wait for U.S. inflation to pick up. And the fifth straight miss on core-price forecasts adds to the burden on Federal Reserve policy makers to explain…
-
Dollar Ending Week Near Low After CPI; Haven Currencies Retreat
EghtesadOnline: The dollar was near its lowest level of the week after consumer inflation data missed estimates, prompting investors to recalibrate Federal Reserve rate-hike expectations.
-
Fed expected to leave rates unchanged; balance sheet in focus
EghtesadOnline: The Federal Reserve is expected to hold interest rates unchanged on Wednesday and possibly hint that it will start winding down its massive holdings of bonds as soon as September…
-
Commodity Rally Boosts Asian Raw-Material Stocks
EghtesadOnline: A broad-based rally in commodities from oil to copper underpinned gains in producers of raw materials in Asia, while bonds fell as the Federal Reserve prepares to conclude its…
-
Dollar recovers from 13-month low on strong PMI readings, Asia stocks tread water
EghtesadOnline: The dollar held above a 13-month low on Tuesday after readings on U.S. factory and services activity beat expectations ahead of the start of a Federal Reserve meeting later in…