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White House Government Agencies

  • NEW YORK, March 15- Wall Street's top banks see two additional interest rate rises this year from the Federal Reserve and most expect at least three more in 2018, a Reuters poll showed Wednesday after the U.S. central bank lifted rates for the second time in three months. These so-called primary dealers, or banks that do business directly with the Fed, were divided,...

  • NEW YORK, March 15- Wall Street's top banks see two additional interest rate rises this year from the Federal Reserve and most expect at least three more in 2018, a Reuters poll showed Wednesday after the U.S. central bank lifted rates for the second time in three months. These so-called primary dealers, or banks that do business directly with the Fed, were more...

  • March 15- The Federal Reserve will stick to a gradual path of interest rate rises even if inflation runs above its 2 percent target, Chair Janet Yellen said on Wednesday, signaling that the U.S. central bank is willing to use low rates to push down even harder on unemployment. Yellen's comments were the one major surprise in the Fed's decision on Wednesday to hike...

  • WASHINGTON/ NEW YORK March 15- The top U.S. derivatives regulator is planning to tap a federal prosecutor in Manhattan to oversee the agency's enforcement division, according to people familiar with the matter. Attorney for the Southern District of New York, is slated to become enforcement director of the Commodity Futures Trading Commission next month, the...

  • TORONTO, March 15- Canada's main stock index rebounded on Wednesday from a 2017 low hit in the previous session, led by gains for natural resource shares as commodity prices rallied, while investors took the latest Federal Reserve interest rate hike in stride. "If they raise rates because the economy is moving ahead and inflation is relatively benign... then I think...

  • *Fed raises rates as job gains, inflation stoke confidence. NEW YORK, March 15- U.S. stocks rose sharply on Wednesday after the Federal Reserve raised interest rates for the second time in three months, as expected. "People were thinking the Fed might be more aggressive, so the fact that they weren't means more complacency and a continued course," said Eric Schoenstein,...

  • *Fed raises rates as expected; job gains stoke confidence. NEW YORK, March 15- U.S. stocks surged on Wednesday, while Treasury yields fell and the dollar weakened, after the Federal Reserve raised interest rates for the second time in three months but did not flag any plan to accelerate the pace of monetary tightening. "Lower rates, higher equities and a lower dollar...

  • NEW YORK, March 15- U.S. stocks rose sharply on Wednesday after the Federal Reserve raised interest rates for the second time in three months, as expected, but did not flag any plan to accelerate the pace of monetary tightening.

  • *Fed hikes rates, as expected, but maintains 2017 rate forecasts. NEW YORK, March 15- The dollar posted steep losses against major currencies on Wednesday after the Federal Reserve raised interest rates as expected but signaled a more gradual pace of monetary tightening this year than many in the market anticipated. "In largely sticking with its previous median...

  • *Fed raises rates as expected; job gains stoke confidence. NEW YORK, March 15- U.S. stocks pushed higher on Wednesday, while Treasury yields fell and the dollar weakened, after the Federal Reserve raised interest rates for the second time in three months but did not flag any plan to accelerate the pace of monetary tightening. "Lower rates, higher equities and a lower...

  • *Fed hikes rates, as expected, but keeps 2017 rate forecasts. NEW YORK, March 15- The dollar dropped to two-week lows on Wednesday, after the Federal Reserve raised interest rates as expected but did not signal a faster pace of monetary tightening this year. "Overall, the Fed statement had a slightly less hawkish tone than what the market had anticipated," said Bill...

  • *Fed hikes rates for second time in three months. NEW YORK, March 15- U.S. "Many in the market had positioned for a bit more of a hawkish-sounding Fed in the statement and the than was actually delivered," said Mark Cabana, head of U.S. short rates strategy at Bank of America Merrill Lynch in New York.

  • *Fed raises rates as expected; job gains stoke confidence. NEW YORK, March 15- U.S. stocks added to gains, while Treasury yields fell and the dollar weakened on Wednesday, after the Federal Reserve raised interest rates for the second time in three months but did not flag any plan to accelerate the pace of monetary tightening. There was none of that in the statement, "...

  • WASHINGTON, March 15- The U.S. Environmental Protection Agency confirmed on Wednesday it would reopen a review of whether the Obama administration's 2022-2025 vehicle emission rules are feasible, a win for automakers which have urged the Trump administration to reverse a January decision to uphold the standards. The EPA said it would make a determination by...

  • *Fed's Yellen to speak at 2:30 p.m.. NEW YORK, March 15- U.S. stocks hit session highs in afternoon trading on Wednesday after the Federal Reserve raised interest rates for the second time in three months, as expected. There was none of that in the statement, "said John Canally, investment strategist and economist at LPL Financial in Boston.

  • LONDON, March 15- Gold edged up on Wednesday on a weaker dollar and uncertainty over the outcome of Dutch elections, although losses were slight as the market awaited clues from the Federal Reserve on the interest rate outlook. Spot gold was up 0.2 percent at $1,201 an ounce at 1553 GMT, while U.S. gold futures were 0.15 percent. "The market is in wait and see mode for...

  • *Sterling steadies after weak UK wages. NEW YORK, March 15- The dollar edged lower on Wednesday, as investors awaited a widely-expected interest rate increase from the Federal Reserve, but grew cautious about the rate outlook this year given lingering uncertainty with the Trump administration's fiscal policy. "There may be disappointment that the' dot plots' are...

  • In a wide-ranging policy speech, Acting Commodity Futures Trading Commission Chairman J. Christopher Giancarlo, who was nominated by President Donald Trump as permanent chairman late Tuesday, said it was time for the CFTC to "reinterpret its regulatory mission" by focusing on fostering economic growth, enhancing U.S. markets, and "right-sizing" its regulatory...

  • In a wide-ranging policy speech, Acting Commodity Futures Trading Commission Chairman J. Christopher Giancarlo, who was nominated by President Donald Trump as permanent chairman late Tuesday, said it was time for the CFTC to "reinterpret its regulatory mission" by focusing on fostering economic growth, enhancing U.S. markets, and "right-sizing" its regulatory...

  • This month's rate rise is only the first of many such moves

    The chairman of JPMorgan Chase International predicts the US will see up to four rate hikes this year.