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White House Government Agencies

  • LONDON, Nov 17- The rise in U.S. Federal Reserve likely to tighten at a faster pace than the market has priced in, Larry Hatheway, group head of GAM Investment Solutions, said on Thursday. Speaking at the Reuters Global Investment Outlook Summit in London, Hatheway said the market needed to price in another two rate hikes from the Fed over the next 12-18 months, making...

  • *Fed could raise rates "relatively soon"- Yellen. *Wal-Mart's fall weighs on Dow. Nov 17- The S&P and the Nasdaq were slightly higher in late morning trading on Thursday as investors assessed remarks by Federal Reserve Chair Janet Yellen at a congressional testimony.

  • Those recommended hires could bypass JPMorgan's normal hiring program, receiving preferential treatment, the SEC said. JPMorgan will pay the SEC $130 million. The bank would also pay the Justice Department $72 million and $61.9 million to the Federal Reserve Board of Governors, the SEC said.

  • WASHINGTON, Nov 17- The Federal Reserve could raise U.S. interest rates "relatively soon," Fed Chair Janet Yellen said on Thursday as data showing a surge in housing starts and uptick in inflation underscored her upbeat assessment of where the country stands. In Yellen's first remarks since the election of Donald Trump as the next president, the Fed chair...

  • Clapper submitted his resignation Wednesday evening after more than 50 years of service

  • NEW YORK, Nov 17- The dollar slipped against a basket of currencies on Thursday, receding from a 13-1/ 2 year peak as traders digested prepared remarks from Federal Reserve Chair Janet Yellen and awaited additional comment in her testimony before lawmakers. Traders were speculating whether Yellen would raise caution about the dollar's spike and a surge in U.S....

  • Nov 17- U.S. stocks edged up at the open on Thursday after Federal Reserve Chair Janet Yellen said the central bank could raise interest rates "relatively soon". Yellen is scheduled to testify on the economic outlook before the congressional Joint Economic Committee at 10 a.m. ET. Investors, however, will be more interested in her view on the economic impact of...

  • NEW YORK, Nov 17- The U.S. The data releases came shortly after the publication of prepared remarks from Federal Reserve Chair Janet Yellen, who said U.S. overnight interest rates could be raised "relatively soon" if economic data keeps pointing to an improving labor market and rising inflation. "While this is sort of happenstance that we get the strong data right...

  • NATIONAL TRANSPORTATION SAFETY BOARD SAYS INVESTIGATING NATURAL GAS PIPELINE EXPLOSION IN CANTON, ILLINOIS THAT KILLED ONE.

  • SAO PAULO, Nov 17- The Brazilian real and the Mexican peso pared gains on Thursday after Federal Reserve Chair Janet Yellen said the U.S. central bank could raise rates "relatively soon," cementing bets on a December hike. Yellen will deliver the prepared remarks to Congress's Joint Economic Committee at 10 a.m. and then answer questions from lawmakers.

  • WASHINGTON, Nov 17- The Federal Reserve could raise U.S. interest rates "relatively soon" if economic data keeps pointing to an improving labor market and rising inflation, Fed Chair Janet Yellen said on Thursday in a clear hint the U.S. central bank could hike next month. "Such an increase could well become appropriate relatively soon," Yellen said in prepared...

  • Nov 17- U.S. stocks were set to open little changed on Thursday, a day after the Dow broke a seven-day rally, as investors await a testimony by Federal Reserve Chair Janet Yellen. Yellen is scheduled to begin her testimony on the economic outlook before the congressional Joint Economic Committee at 10 a.m. ET. U.S. stocks had been on a tear since Donald Trump's...

  • WASHINGTON, Nov 17- The number of Americans filing for unemployment benefits fell to a 43- year low last week, pointing to a rapidly tightening labor market that could allow the Federal Reserve to raise interest rates next month. Initial claims for state unemployment benefits dropped 19,000 to a seasonally adjusted 235,000 for the week ended Nov. 12, the lowest...

  • WASHINGTON, Nov 17- U.S. consumer prices recorded their biggest increase in six months in October on rising gasoline costs and rents, suggesting a pickup in inflation that potentially clears the way for the Federal Reserve to raise interest rates in December. The Labor Department said on Thursday its Consumer Price Index increased 0.4 percent last month after...

  • WASHINGTON, Nov 17- The Federal Reserve could raise U.S. interest rates "relatively soon" if economic data keeps pointing to an improving labor market and rising inflation, Fed Chair Janet Yellen said on Thursday in a clear hint the U.S. central bank could hike next month. "Such an increase could well become appropriate relatively soon," Yellen said in prepared...

  • Nov 17- S&P 500 and Nasdaq futures were higher on Thursday while Dow futures were little changed, a day after the index broke a seven-day rally, as investors await Federal Reserve Chair Janet Yellen's congressional testimony. *U.S. stocks had been on a tear since Donald Trump's surprise victory in the Nov. 8 U.S. presidential election, with the Dow closing at a record...

  • Patrick T. Harker to be named the next Philadelphia Federal Reserve president and CEO.

    The Philadelphia Fed president said the U.S. central bank might have to hike more aggressively if the Trump administration enacts a fiscal stimulus.

  • U.S. lawmakers should take action to ban China's state-owned firms from acquiring U.S. companies, a congressional panel said on Wednesday.

  • HOUSTON, Nov 16- Private rocket launch service SpaceX is requesting government approval to operate a massive satellite network that would provide high-speed, global internet coverage, according to newly filed documents with the U.S. Federal Communications Commission. Financial backers of the company, whose full name is Space Exploration Technologies...

  • *Spot gold was up 0.22 percent at $1,227.56 an ounce at 0041 GMT. *The Federal Reserve will hike U.S. interest rates in December barring any major shocks, policymaker James Bullard said on Wednesday, adding that a single rate increase may be enough to move monetary policy to a "neutral setting." *The European Union effectively urged the German government to spend more...