White House Government Agencies

More

  • NEW YORK, Aug 26- Most U.S. Treasuries prices rose on Wednesday after a top Federal Reserve official scaled back his view of a rate increase in September in the wake of market turbulence stemming from worries about China's economy. The Fed is no hurry to raise rates even though it wants to get off to zero-bound rates, "said Brian Brennan, portfolio manager at T. Rowe...

  • NEW YORK, Aug 26- An interest rate hike next month seems less appropriate given the threat posed to the U.S. economy by recent global market turmoil, an influential Federal Reserve official said on Wednesday. Dudley, a dovish policymaker and close ally of Fed Chair Janet Yellen, however left the door open to raising rates for the first time in nearly a decade when the...

  • NEW YORK, Aug 26- A Federal Reserve interest rate hike next month seems less appropriate given the recent global market turmoil has increased the risks to the U.S. economy, an influential Fed official said on Wednesday. New York Fed President William Dudley said the prospects of a September rate hike "seems less compelling to me than it was a few weeks ago."

  • NEW YORK, Aug 25- Alcoa Inc will challenge the chairman of the U.S. commodities regulator on its authority to interfere in the London Metal Exchange's warehousing reform at a meeting on Wednesday, a spokeswoman said on Tuesday. The meeting between U.S. Commodity Futures Trading Commission chairman Timothy Massad and Alcoa Executive Vice President and Chief...

  • Farm income seen falling 36% in 2015 Tuesday, 25 Aug 2015 | 5:18 PM ET
    Three farm tractors in a freshly cut cornfield near Visalia, California.

    According to USDA, net farm income is forecast to be $58.3 billion in 2015. That's far worse than the government's February outlook.

  • COLUMN-Fed 'put' no cause for relief: James Saft Tuesday, 25 Aug 2015 | 3:00 PM ET

    Aug 25- Future risk-adjusted returns look poor from here, but if the Federal Reserve deploys its safety net they will be worse still. Unsurprisingly the CBOE Volatility Index, which measures how sharply investors expect stocks to move, surged by as much as 90 percent to more than 50, its highest since January 2009. "There is a growing chorus that the Fed needs to bail...

  • WASHINGTON, Aug 25- Five Federal Reserve banks renewed their calls in July for the central bank to raise the rate it charges commercial banks for emergency loans, minutes from the Fed's discount rate meeting last month showed. Ahead of the Fed's July 28-29 policy-setting meeting, directors of the Cleveland, Dallas, Philadelphia, Kansas City and Richmond Fed...

  • *New home sales increase 5.4 percent in July. WASHINGTON, Aug 25- U.S. consumer confidence hit a seven-month high in August and new single-family home sales rebounded in July, suggesting underlying strength in the economy that could still allow the Federal Reserve to raise interest rates this year. They are so close, they need just a little more confirmation, "said...

  • CFTC to meet with Alcoa on LME warehouse reform Tuesday, 25 Aug 2015 | 1:13 PM ET

    NEW YORK, Aug 25- The chairman of the U.S. commodities regulator and aluminum producer Alcoa Inc will meet this week to discuss metals warehousing reform, a spokesman for the agency said on Tuesday. The meeting between U.S. Commodity Futures Trading Commission chairman Timothy Massad and a representative from Alcoa will take place on Wednesday afternoon.

  • NEW YORK, Aug 25- Ray Dalio, the founder of Bridgewater Associates, the world's largest hedge fund, said the firm believes the next big move by the U.S. "The ability of central banks to ease is limited, at a time when the risks are more on the downside than the upside and most people have a dangerous long bias," said Dalio, who helps manage $162 billion at Bridgewater.

  • *New home sales increase 5.4 percent in July. WASHINGTON, Aug 25- New U.S. single-family home sales rebounded in July and consumer confidence increased to a seven-month high in August, pointing to underlying strength in the economy that could still allow the Federal Reserve to raise interest rates this year. New home sales increased 5.4 percent to a seasonally...

  • NEW YORK, Aug 25- U.S. single-family home prices rose a tad faster from a year ago in June, suggesting resilience in the housing sector as the Federal Reserve has stuck to a near-zero interest rate policy, a closely watched survey said on Tuesday. Denver, San Francisco, and Dallas again experienced the biggest year-over-year home appreciation among the 20 cities...

  • NEW YORK, Aug 25- U.S. single-family home prices rose a tad faster from a year ago in June, suggesting resilience in the housing sector as the Federal Reserve has stuck to a near-zero interest rate policy, a closely watched survey said on Tuesday. Denver, San Francisco, and Dallas again experienced the biggest year-over-year home appreciation among the 20 cities...

  • BERKELEY, Calif., Aug 24- A top U.S. central banker appears to have cooled to the idea of an interest rate hike next month, saying on Monday only that the Federal Reserve will likely begin raising rates "sometime this year." Just two weeks ago, Atlanta Fed President Dennis Lockhart told reporters he was "very disposed" to a rate hike in September. Amid an ongoing U.S. stock...

  • Aug 24- Third Point LLC, the hedge fund firm run by activist investor Daniel Loeb, has settled U.S. regulatory charges that it failed to properly seek antitrust clearance while it built a big stake in Yahoo Inc in 2011.. The settlement, announced on Monday by the U.S. Department of Justice and Federal Trade Commission, resolves claims that Third Point took five weeks...

  • WASHINGTON, Aug 24- Jostling for position in the U.S. presidential race, candidates on Monday blamed Wall Street elites, the Federal Reserve, exposure to China, and President Barack Obama's spending policies for the market contagion from China's stock-market plunge. Because China's going bad it's going to bring us down, too, because we're so heavily coupled with...

  • *Wyndham hackings caused $10.6 mln in fraudulent charges. Aug 24- A U.S. appeals court said the Federal Trade Commission has authority to regulate corporate cyber security, and may pursue a lawsuit accusing hotel operator Wyndham Worldwide Corp of failing to properly safeguard consumers' information. The FTC wants to hold Wyndham accountable for three...

  • Aug 24- Target Corp has agreed to pay $2.8 million to settle a U.S. Equal Employment Opportunity Commission charge that it used hiring tests that disproportionately screened out candidates for various professional positions based on race and gender. The EEOC on Monday said three "employment assessments," which Target no longer uses, were not sufficiently...

  • *Wyndham hackings caused $10.6 mln fraudulent charges. Aug 24- A U.S. appeals court said the Federal Trade Commission has authority to regulate corporate cybersecurity, and may pursue a lawsuit accusing hotel operator Wyndham Worldwide Corp of failing to properly safeguard consumers' information. Noting the FTC's broad authority under a 1914 law to protect...

  • Aug 24- A U.S. appeals court said on Monday the Federal Trade Commission has the authority to regulate cybersecurity, and may pursue a lawsuit accusing hotel operator Wyndham Worldwide Corp of failing to safeguard consumers' personal information. The 3-0 decision by the 3rd U.S. Circuit Court of Appeals in Philadelphia upheld an April 2014 ruling that allowed...