White House Government Agencies

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  • *Deep skepticism that U.S. rate hikes will happen in 2016. WASHINGTON, Feb 11- Federal Reserve Chair Janet Yellen returned to Congress with a brave face on Thursday amid a worsening meltdown in global markets and growing skepticism the U.S. central bank can carry out its long-planned pivot to "normal" monetary policy. As she did at a House of Representatives panel on...

  • NEW YORK, Feb 11- BlackRock Inc's chief strategist for fixed income said on Thursday his unit is shifting its approach to bond markets on new expectations that the U.S. Federal Reserve may need to loosen monetary policy. The strategist, Jeffrey Rosenberg, said upward pressures on the U.S. dollar are being relieved by reduced expectations the Fed will normalize...

  • A measure offered by Representative Peter DeFazio, top Democrat on the House Transportation and Infrastructure Committee, sought to protect the Federal Aviation Administration from funding disruptions and to address other issues that Republicans view as reasons for transferring air traffic control from the FAA to a new private, nonprofit corporation.

  • WASHINGTON, Feb 11- Federal Reserve Chair Janet Yellen returned to Capitol Hill with a brave face on Thursday amid a worsening meltdown on global stock markets and growing skepticism the U.S. central bank can carry out its long-planned pivot to "normal" monetary policy. Yellen, testifying before the Senate Banking Committee, stressed the bright spots in the U.S....

  • *Boeing slumps on report of SEC probe. Feb 11- Wall Street was off more than 1 percent on Thursday, pushing the S&P 500 and the Dow Jones industrial average down 10 percent for the year, as investors jettisoned stocks and scurried toward safer shores. Federal Reserve Chair Janet Yellen stuck to her guns on her return to Capitol Hill on Thursday, saying a weakened...

  • CHICAGO, Feb 11- Demand for bank loans, loan extensions and renewals is surging among U.S. farmers, and farm incomes are forecast to fall for a third year as grain and livestock prices remain stubbornly low, according to a quarterly farm economy report from the Federal Reserve Banks of St. Louis and Kansas City. The Federal Reserve Bank of St. Louis's region covers...

  • WASHINGTON, Feb 11- Federal Reserve Chair Janet Yellen returned to Capitol Hill on Thursday amid an ongoing meltdown in global equity markets and growing skepticism that the U.S. central bank can carry out its long-planned pivot to "normal" monetary policy. Yellen repeated to the Senate Banking Committee the testimony she delivered on Wednesday to a House of...

  • *All 10 S&P sectors fall, led by financials. Feb 11- U.S. stock indexes plummeted on Thursday morning as investors spooked by the health of the global economy jettisoned stocks and fled to safe-haven assets. Federal Reserve Chair Janet Yellen on Wednesday acknowledged tightening financial conditions and uncertainty about China and the risks that posed to the...

  • *Oil slump, Yellen comments stoke worries. Feb 11- U.S. stock indexes were set to open sharply lower on Thursday, with investors piling into safe haven assets as another fall in oil prices and cautious comments from Federal Reserve Chair Janet Yellen rekindled doubts about global economic health. Yellen on Wednesday acknowledged tightening financial...

  • Feb 11- U.S. stock index futures plunged on Thursday, with risk-averse investors piling into safe haven assets as another sharp fall in oil prices and cautious comments from Federal Reserve Chair Janet Yellen raised fresh doubts about the health of the economy. *Yellen on Wednesday acknowledged tightening financial conditions and uncertainty about China...

  • LONDON, Feb 11- Gold climbed to its highest in almost nine months on Thursday as the dollar, U.S. The Fed is unlikely to reverse its plan to increase rates further this year, but tighter credit markets, volatile financial markets and uncertainty over Chinese economic growth will only allow gradual adjustments to monetary policy, Federal Reserve Chair Janet...

  • *Japan& China shut for public holidays. SINGAPORE/ SYDNEY, Feb 11- The dollar hit a 15- month low against the yen on Thursday after comments from Federal Reserve Chair Janet Yellen gave investors no reason to change their minds that the next rate hike will be a long time coming. As a result, the dollar set a 15- month low of 112.28 yen as of 0717 GMT, its lowest level since...

  • *Japan& China shut for public holidays. SINGAPORE/ SYDNEY, Feb 11- The dollar hit a 15- month low against the yen on Thursday after comments from Federal Reserve Chair Janet Yellen gave investors no reason to change their minds that the next rate hike will be a long time coming. "The idea that you will be okay if you buy the dollar since the United States alone will be...

  • SINGAPORE, Feb 11- Gold surged to its highest in 8-1/ 2 months on Thursday as investors bet that the Federal Reserve could find it hard to hike U.S. interest rates this year, while safe-haven demand amid a tumble in equities and the dollar also boosted the metal. Spot gold jumped to an intra-day high of $1,213 an ounce, its highest since May 22, before paring gains to...

  • SINGAPORE, Feb 11- Gold climbed more than 1 percent to its highest in 8-1/ 2 months on Thursday after Federal Reserve Chair Janet Yellen stressed that U.S. interest rates would rise gradually. Spot gold jumped to $1,213 an ounce, its highest since May 22, before paring gains to trade up 0.9 percent at $1,208.27 by 0059 GMT. DATA AHEAD 1330 U.S. Weekly jobless claims 1500...

  • *Japan on holiday, South Korea stocks resume with sharp loss. SYDNEY, Feb 11- Asian shares sputtered on Thursday as U.S. Federal Reserve Chair Janet Yellen's tone of guarded optimism led to an indecisive finish for Wall Street and further weakness for the dollar.

  • LONDON- Bank of England deputy governors, Jon Cunliffe and Andrew Bailey, to appear at Lords committee on euro zone financial system- 1130 GMT. SYDNEY- Reserve Bank of Australia Governor Glenn Stevens appears before the House of Representatives' Standing Committee on Economics in his twice yearly parliamentary testimony- 2230 GMT. WASHINGTON- Federal Reserve...

  • *Japan& China shut for public holidays. SYDNEY, Feb 11- The dollar was broadly lower early on Thursday after comments from Federal Reserve Chair Janet Yellen gave investors no reason to change their minds that the next rate hike will be a long time coming. As a result, the dollar came within a whisker of 113.00 yen, reaching a low not see since November 2014.

  • Feb 10- The S&P 500 ended flat on Wednesday, losing gains late in the session as investors digested comments by Federal Reserve Chair Janet Yellen, who kept options open for more rate hikes but also saw risks to the U.S. economy. The market had traded higher for much of the session after Yellen told Congress she does not expect the central bank to reverse the rate hike...

  • NEW YORK, Feb 10- Most U.S. shares ended little changed to lower on Wednesday, erasing early gains on concerns about global growth and sliding commodity-related shares, while greater calm surrounding the European banking sector boosted that region's shares. S&P 500 stock index rose as much as 1.6 percent following Federal Reserve Chair Janet Yellen's...