White House Government Agencies

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  • WASHINGTON, Feb 4- Even as the Federal Reserve began raising interest rates in December its message was clear: it wanted to keep monetary conditions loose and felt the United States still needed accommodation to keep a modest recovery underway. Now, markets seem to have taken matters into their own hands. "That tightening has got to be taken into account because it...

  • *Graphic on UK inflation, rate: http://reut.rs/1SDRz9w. FRANKFURT, Feb 4- The world's top central banks have all but given up hope of returning to conventional monetary policy soon with many touting rate cuts, raising the risk of competitive currency devaluations and doubts they can meet their mandates. Federal Reserve and the Bank of England had expected to...

  • NEW YORK, Feb 4- The U.S. dollar extended its plunge against major currencies on Thursday as traders sharply unwound bullish bets against the greenback on continued skepticism that the Federal Reserve would be able to hike interest rates this year. The euro hit its highest level in over 3-1/ 2 months against the dollar of $1.12390, while the dollar hit a two-week...

  • SAO PAULO, Feb 4- Latin American currencies rallied on Thursday on bets that the U.S. Federal Reserve could take longer than anticipated to raise interest rates amid global financial turmoil. "If financial turmoil drives the Fed to delay a rates increase, this would turn out to be good for us," said Marcos Trabbold, a trader at B&T brokerage in São Paulo.

  • LONDON, Feb 4- Gold edged up to a three-month high on Thursday, a day after its best day in two weeks, buoyed by expectations that global economic and financial headwinds could make it tough for the U.S. Commodities rallied across the board on Wednesday as the dollar tumbled after William Dudley, president of the Federal Reserve Bank of New York, said that financial...

  • LONDON, Feb 4- The dollar was back on the defensive in early trade in Europe after a collapse in expectations of a further rise in U.S. interest rates this year drove its biggest daily fall in over two months on Wednesday. Another warning by European Central Bank chief Mario Draghi that the bank would not hesitate in doing what was necessary to get inflation back to...

  • TOKYO, Feb 4- Bank of Japan Governor Haruhiko Kuroda said the central bank was not engaging in a currency war by adopting negative interest rates, stressing that the move was aimed at stimulating the economy through lower borrowing costs. "As with the Federal Reserve, the European Central Bank or any other major central bank, the BOJ doesn't target exchange rates...

  • TOKYO, Feb 4- The dollar nursed hefty losses against the yen and euro on Thursday after tumbling overnight when a top Federal Reserve official tempered expectations on the timing of future U.S. interest rate increases. The U.S. currency took a beating on Wednesday after New York Fed President William Dudley said financial conditions were considerably tighter...

  • TOKYO, Feb 4- The dollar nursed hefty losses against the yen and euro on Thursday after tumbling overnight when a top Federal Reserve official tempered expectations on the pace of future U.S. interest rate increases. The U.S. currency took a beating on Wednesday after William Dudley, president of the Federal Reserve Bank of New York, said financial conditions are...

  • *Wall St closes higher after late-day rally. NEW YORK, Feb 3- The U.S. dollar tumbled on Wednesday after comments from a Federal Reserve official and a soft services sector report suggested a slowing pace of rate hikes, sparking a rally in oil prices that also boosted U.S. equities. "The 8- percent rise in oil and the weakening dollar are the two things that seem to be...

  • Feb 3- The Federal Reserve Bank of San Francisco on Wednesday imposed a new policy banning staff from tweeting from its official Twitter account on their personal devices, a day after the bank apologized for an employee's unauthorized tweet dismissing the Iowa caucuses as irrelevant. On Monday night, as results were coming in from the Iowa caucuses, a San...

  • *Wall St higher as oil rally boosts energy stocks. NEW YORK, Feb 3- The U.S. dollar tumbled on Wednesday after comments from a Federal Reserve official and a soft services sector report suggested a slowing pace of rate hikes, sparking a rally in oil prices that also boosted U.S. equities. "What are keying off of is the move in commodities and in the dollar," said Walter Todd,...

  • NEW YORK, Feb 3- Financial conditions have tightened considerably in the weeks since the U.S. Federal Reserve raised interest rates and monetary policy makers will have to take that into consideration should that phenomenon persist, a top Fed official said on Wednesday. In addition, the weakening outlook for the global economy and any further strengthening of...

  • NEW YORK, Feb 3- The dollar hit its lowest level against the euro since last October and wiped out recent gains against the Japanese yen on Wednesday amid growing skepticism that the Federal Reserve would be able to hike U.S. interest rates again this year. The euro rose over 1 percent against the dollar to hit $1.10810, its highest level since Oct. 28, while the...

  • NEW YORK, Feb 3- Financial conditions have tightened considerably in the weeks since the U.S. Federal Reserve raised interest rates and monetary policy makers will have to take that into consideration should that phenomenon persist, a top Fed official said on Wednesday. In addition, the weakening outlook for the global economy and any further strengthening of...

  • Feb 3- Financial conditions have tightened considerably in the weeks since the U.S. Federal Reserve raised interest rates and monetary policy makers will have to take that into consideration should that phenomenon persist, a top Fed official said on Wednesday. In addition, the weakening outlook for the global economy and any further strengthening of the...

  • Feb 2- The Federal Reserve should push ahead with interest rate hikes because of the strong fundamentals of the U.S. economy, a Fed policymaker said on Tuesday, downplaying the impact of financial market volatility. "My view is that the committee should continue the gradual adjustment of moving rates higher," Kansas City Fed Bank President Esther George, who has a...

  • NEW YORK, Feb 2- Morgan Stanley has agreed to pay $62.95 million to resolve claims over the sale of toxic mortgage-backed securities to three banks that later failed, the Federal Deposit Insurance Corp said on Tuesday. The settlement resolves lawsuits the U.S. regulator filed as receiver for the three failed banks against Morgan Stanley and other defendants...

  • LONDON, Feb 2- Rating agency Standard and Poor's cut its expectations for U.S. interest rate hikes this year to two from four on Tuesday, saying low inflation and global market uncertainty would hold the Federal Reserve back. S&P's estimates on Fed rates could impact its projections of borrowing costs for many of the countries and companies it rates, because U.S....

  • Feb 2- The U.S. Consumer Product Safety Commission said Microsoft Corp was recalling about 2.25 million AC power cords, less than a week after Apple Inc said it was recalling AC wall plug adapters due to a shock hazard. The recall involves power cords sold with some models of the Microsoft Surface Pro convertible tablet devices before March 15.