All eyes are on the Fed as they kick off their 2-day meeting. Jon Hilsenrath, WSJ, and George Gilder, author of "Knowledge and Power," discuss what's ahead for Fed Chairman Bernanke, and the U.S. economy.» Read More
PERTH, June 19- U.S. oil prices were steady below $99 on Wednesday as investors waited for the U.S. *NYMEX crude futures for July delivery had risen 6 cents to $98.50 a barrel by 0053 GMT, after climbing to a nine-month high of $98.74 a barrel on Monday. *Brent crude rose 6 cents to $106.08 a barrel.
SYDNEY, June 18- All the major currencies marked time in Asia on Wednesday as investors waited anxiously to see if the Federal Reserve could clarify the outlook for policy without sending markets into a fresh frenzy.
TOKYO, June 19- Japan's Nikkei share average is expected to rise to a one-week high on Wednesday, helped by a second-straight day of gains on Wall Street as investors bet that the Federal Reserve would temper worries about an imminent roll back of its stimulus programme.
Tuesday’s market gains would suggest Bernanke will stay on; housing starts have slow, steady progress; Prism program apparently foiled plans for more than 50 terrorist attacks.
Industrial and tech shares rally, 3 M at 52- week high. *Boeing shares hit 5 1/ 2- year high. NEW YORK, June 18- U.S. stocks advanced for a second straight day on Tuesday as investors bet the Federal Reserve would temper statements which were interpreted to mean a sooner-than-expected winding down of stimulus efforts.
CNBC's Steve Liesman discusses the results of the latest CNBC Fed Survey; and what impact tapering QE might have on the economy, with David Jones, DMJ Advisors, and CNBC's Rick Santelli.
NEW YORK, June 18- Most U.S. The Fed's policy statement, to be released after the close of the meeting on Wednesday afternoon, could affirm remarks by Chairman Ben Bernanke last month that the U.S. central bank may decide to trim the amount of bond purchases in the next few meetings if the economic recovery maintains momentum. "
*Iraq says will bolster crude output. NEW YORK, June 18- Oil prices ended slightly higher on Tuesday in sluggish trading as the market awaited the Federal Reserve's policy statement on O/RWednesday that is expected to show whether it will reduce its monetary stimulus.
*Brent crude rises to hover around $106. NEW YORK, June 18- U.S. equities pushed higher on Tuesday as investors grew more confident that the Federal Reserve would temper its recent statements on the future reduction of U.S. monetary support, while still pointing to economic improvement.
CNBC's Steve Liesman discusses the results of the latest CNBC Fed Survey, which shows that 24 percent of participants believe the Fed will taper QE in September. Brian Peery, Hennessy Funds, weighs in.
General Electric gained 1.9 percent to $24.21 and was the fourth most actively traded stock on the New York Stock Exchange. The expectation is that the Fed will dial back its rhetoric on tapering to ease "hysteria" in the markets since talk of reducing stimulus heated up in May, said Peter Kenny, chief market strategist at Knight Capital in Jersey City, New Jersey.
Top headlines right now, with CNBC's Tyler Mathisen, and Niall Ferguson, Harvard economist. Floods in India claim 70 lives, and authorities are searching a Michigan field for the remains of union boss Jimmy Hoffa.
Discussing whether it's harder to do business in the U.S. than anywhere else, and if Bernanke has "run his course," with Niall Ferguson, Harvard economist, and author of "The Great Degeneration."
Federal Reserve Chairman Ben Bernanke may step down when his second term expires on Jan. 31. Here is a quick look at the likely leading choices.
CNBC's Steve Liesman discusses the results of the latest CNBC Fed Survey, saying participants see one of the biggest threats to the economy is tax and regulation policies.
WASHINGTON _ Federal Reserve policymakers meet to set interest rates; statement and economic forecast due at 2:00 p.m. Eastern; Chairman Ben Bernanke holds press conference at 2:30 p.m.. FedEx Corp. reports quarterly financial results. Hennes& Mauritz, the Swedish clothing retailer, reports quarterly financial results.
NEW YORK, June 18- The U.S. dollar rose for a second day against the yen on Tuesday as some traders bet the Federal Reserve may signal it is almost ready to reduce its bond buying program aimed at propping up the economy.
*Brent crude rises above $106 before trimming gains. NEW YORK, June 18- U.S. equities pushed higher on Tuesday as investors grew more confident that the Federal Reserve would temper its recent statements on the future reduction of U.S. monetary support, while still pointing to economic improvement.
General Electric gained 1 percent to $24.02 and was the second most actively traded stock on the New York Stock Exchange.
*Market keeps an eye on standoff in Syria, fears growing conflict. NEW YORK, June 18- Oil prices were moderately higher on Tuesday after paring earlier gains made on positive U.S. economic data. Global financial markets have been on edge since Fed Chairman Ben Bernanke suggested the central bank would be looking to pull back its stimulus program.