Wall St. extends run of record highs, services data upbeat Wall St. extends run of record highs, services data upbeat:- Wall St. extends run of record highs, services data upbeatU.S. stocks edged up to extend their run of record closing highs on Wednesday as data on the services sector added […]
Janet Yellen
U.S. consumer spending rises modestly, inflation cools U.S. consumer spending rose modestly in May and inflation cooled, pointing to a slow-but-steady economic expansion that could still lead the Federal Reserve to raise interest rates by the end of the year. The data, released by the Commerce Department on Friday, bolstered […]
Asia stocks pressured as Wall St. hit by healthcare vote delay Asian shares slumped on Wednesday after Wall Street was knocked hard in the wake of a delay to a U.S. healthcare reform vote, while the euro rallied after European Central Bank President Mario Draghi hinted that the ECB could […]
Oil up on weaker dollar, supply glut caps gain Oil prices rose for a fourth consecutive session on Tuesday boosted by a weaker dollar and investors covering short positions, but worries over persistent oversupply capped gains. Brent crude futures LCOc1, the international benchmark for oil prices, had gained 25 cents […]
Stocks, dollar ease ahead of slew of central bank speeches Commodity-related shares rebounded on the back of firmer oil and metals prices, helping to limit losses in other sectors, while the dollar eased in anticipation of a possible hint from the Federal Reserve on the timing of an expected rate […]
Fed policymakers in tug-of-war on inflation, instability The outlook for inflation and the future of financial stability are emerging as dueling concerns at the heart of a debate at the U.S. central bank over how fast to proceed on future interest-rate hikes. That is a change from years past, where […]
U.S. bank investors hope Fed stress test results lead to big payouts Investors are hoping the Federal Reserve will allow big U.S. banks to put an estimated $150 billion in idle capital toward stock buybacks, dividends and profit-boosting investments in the coming weeks after conducting a regular examination of financial […]
Yellen says Fed to give banks more details on stress tests The Federal Reserve will give banks more details on how it conducts annual stress tests, including the qualitative part of the tests, when it publishes the results later this month, Chair Janet Yellen said Friday in a letter to […]
Is the Fed ready to consider lifting its inflation target? Years of tepid economic recovery have Fed Chair Janet Yellen and other central bankers considering what was once unthinkable: abandoning decades-long efforts to hold inflation down and allowing price expectations to creep up. In remarks on Wednesday, Yellen called an […]
U.S. job openings hit record high, skills mismatch rising U.S. job openings surged to a record high in April and employers appeared to have trouble finding suitable workers, pointing to a tightening labor market that could encourage the Federal Reserve to raise interest rates next month. The Labor Department's monthly Job […]
