Finance Banks

  • JACKSON HOLE, Wyo., Aug 27- Federal Reserve policymakers are signaling they could raise U.S. interest rates soon but they are already weighing new tools they may need to fight the next recession. A solid U.S. labor market "has strengthened" the case for the first rate increase since last December, Fed Chair Janet Yellen told a central banking conference in Jackson...

  • The exterior of OneUnited Bank in Boston

    Participants in a nationwide movement to deploy African-American spending power in a more targeted way are depositing cash in black-owned banks.

  • JACKSON HOLE, Wyo., Aug 27- The Federal Reserve could push banks to lend more by paying Wall Street smaller returns on money stashed at the U.S. central bank when inflation is low, according to an academic paper presented on Saturday. In his paper, economist Ricardo Reis put forward a new way for the Fed to pay banks returns on the money they keep at the central bank, a tool...

  • Federal Reserve should scrap a plan to shrink its massive bond holdings and instead keep them "indefinitely" as a new and little-recognized tool to protect against financial shocks, according to research presented on Saturday to some of the world's top central bankers. Former Fed Governor Jeremy Stein and two colleagues at Harvard University concluded in a...

  • PAUL, United States- Federal Reserve Bank of Minneapolis President Neel Kashkari participates in conversation on "The Role of the Fed and its Board of Directors," hosted by the Amherst H. Wilder Foundation- 1200 GMT. BEIJING- Federal Reserve Bank of Boston President Eric Rosengren participates in panel before the "Business Cycles, Financial Markets and Monetary...

  • NEW YORK— Stocks ended on a weak note Friday after Federal Reserve officials said the case has strengthened for raising interest rates above the super-low levels that have helped fuel a seven-year bull market. Phone companies and utilities, which would suffer if interest rates rose and investors looked elsewhere for income, fell more than the rest of the...

  • *Yellen, Fischer comments on rate hike hit Wall Street. NEW YORK, Aug 26- U.S. stocks closed lower in choppy trading and the U.S. dollar surged on Friday as investors grappled with the possible timing of an interest rate hike after comments from several Federal Reserve officials, including Chair Janet Yellen. "The Fed served notice that a rate hike is still a...

  • JACKSON HOLE, Wyo., Aug 26- The Federal Reserve is getting closer to raising interest rates again, the head of the U.S. central bank and other policymakers said on Friday in comments that left the door open for a hike as early as next month. Fed Chair Janet Yellen told a global monetary policy conference that the case for a rate increase had grown stronger, while Fed Vice...

  • NEW YORK, Aug 26- U.S. stocks ended modestly lower after a volatile session on Friday, having bounced between gains and losses as investors wrestled with the likely timing of a U.S. interest rate hike following comments from top Federal Reserve officials. The S&P 500 rose after Fed Chair Janet Yellen said the case for raising rates had strengthened but did not...

  • NEW YORK, Aug 26- U.S. stocks ended mostly lower in a volatile session on Friday, bouncing between gains and losses as investors wrestled with the possible timing of a U.S. interest rate hike following comments from Federal Reserve officials, including Chair Janet Yellen. The Dow Jones industrial average fell 53.01 points, or 0.29 percent, to 18,395.4, the S&P 500...

  • NEW YORK/ LONDON, Aug 26- Gold pared gains on Friday, while the dollar turned up and U.S. stocks fell, as investors struggled to decipher the timing of a U.S. interest rate increase following comments by Federal Reserve Chair Janet Yellen and other officials. Spot gold rallied 1.5 percent to $1,341.60 an ounce and the U.S. dollar index fell 0.6 percent after Yellen...

  • *Yellen, Fischer comments on rate hike hit Wall Street. NEW YORK, Aug 26- U.S. stocks gave up early gains in choppy trading on Friday, hurt by a surging U.S. dollar as investors grappled with the possible timing of an interest rate hike after comments from several Federal Reserve officials, including Chair Janet Yellen. "The Fed served notice that a rate hike is still a...

  • WASHINGTON, Aug 26- For all the talk of a radical shift in central banking policy, from the permanent use of negative rates to helicopter money drops, Federal Reserve Chair Janet Yellen appears to believe she can tackle any future downturn using the tools currently at her disposal. Speaking in Jackson Hole, Wyoming, on Friday after a Fed policymaker and other...

  • NEW YORK, Aug 26- U.S. stocks were lower in a choppy session on Friday, with stocks bouncing between gains and losses as investors grappled with the possible timing of a U.S. interest rate hike after comments from Federal Reserve officials, including Chair Janet Yellen. The S&P 500 rose as much as 0.7 percent in the wake of a speech by Yellen in Jackson Hole, Wyoming...

  • *Yellen, Fischer comments on rate hike hit Wall Street gains. NEW YORK, Aug 26- U.S. stocks gave up early gains in choppy trading on Friday, hurt by a surging U.S. dollar as investors grappled with the possible timing of an interest rate hike after comments from several Federal Reserve officials, including Chair Janet Yellen. "The dollar's reaction was almost...

  • JACKSON HOLE, Wyoming, Aug 26- To markets hungry for direction from the U.S. Federal Reserve, Fed Chair Janet Yellen offered a sobering dose of uncertainty for monetary policy and the global economy on Friday, suggesting interest rates could rise faster than expected in coming months or just as easily crater back to zero. In keynote remarks to an annual policy...

  • JACKSON HOLE, Wyo., Aug 26- The case for a U.S. interest rate hike has strengthened in recent months, Federal Reserve Chair Janet Yellen said on Friday in a speech that left the door open for such a move as early as next month. Yellen, speaking at an international gathering of central bankers and academics in Jackson Hole, Wyoming, did not say when the U.S. central bank...

  • JACKSON HOLE, Wyoming, Aug 26- To markets hungry for direction from the U.S. Federal Reserve, Fed Chair Janet Yellen offered a sobering dose of uncertainty for monetary policy and the global economy on Friday, suggesting interest rates could rise faster than expected in coming months or just as easily crater back to zero. In keynote remarks to an annual policy...

  • Aug 26- Wall Street reversed course to trade lower on Friday afternoon after hawkish comments from Federal Reserve Vice Chair Stanley Fischer raised the specter of a rate hike as soon as next month. Fischer's comments came shortly after Fed Chair Janet Yellen said the case for increasing interest rates had strengthened, but did not indicate when the Fed would...

  • *STOXX Europe 600 index up 0.5 pct. MILAN, Aug 26 (Reuters)- European shares rose on Friday after Federal Reserve chair Janet Yellen gave no firm indication about when the Federal Reserve might raise interest rates, encouraging markets after hawkish comments from Fed policymakers last week. "Markets had been half-expecting some hawkish noises around a possible...

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