CNBC's Rick Santelli discusses the latest action in the bond market, and the U.S. dollar.» Read More
NEW YORK, Sept 15- U.S. "There was a lot of anxiety last week about the Fed... and that had pushed yields up but at this point the market may have adequately priced in all that," said Robert Tipp, chief investment strategist at Prudential Fixed Income in Newark, New Jersey.
WASHINGTON— When the Federal Reserve issues a policy statement after it meets this week, the financial world will be on high alert for two words:. The presence or absence of that phrase will trigger a rush to assess the likely timing of the Fed's first increase in interest rates since it cut them to record lows in 2008..
"There is some nervousness out there so some money is coming out of the high flyers and some of it is people getting ready to raise some cash to put to work to Alibaba," said Ken Polcari, Director of the NYSE floor division at O'Neil Securities in New York.
NEW YORK, Sept 15- U.S. "It's that circular argument that weak growth is going to inhibit the Fed from raising rates any time soon," said Kim Rupert, managing director at Action Economics in San Francisco. Trading was also driven in part by unexpectedly strong New York State manufacturing data but which also contained weak jobs indicators, Rupert said.
*Ukraine conflict, sanctions darken mood in Europe. Federal Reserve may give clearer hints on when it will hike the cost of borrowing in the United States in the coming week, as struggling Europe braces for a tight vote in Scotland on whether to leave the United Kingdom.
MILAN- EU finance ministers and central bankers meet in Milan. ECB President Mario Draghi, Vice President Vitor Constancio and ECB Supervisory Board Chair Daniele Nouy to attend. PARIS- Chinese Vice Premier Ma Kai to chair the second China-France High-Level Economic and Financial dialogue in France with French Finance Minister Michel Sapin.
WASHINGTON— The Federal Reserve has created a new committee headed by the central bank's No. 2 official tasked with monitoring potential threats to the nation's financial system. The new Committee on Financial Stability will be headed by Fed Vice Chairman Stanley Fischer.
SAN FRANCISCO, Sept 12- The Federal Reserve will drop its promise to keep rates near zero for a "considerable time" after it ends its bond-buying program, paving the way for a first Fed rate hike in June 2015, a top Wall Street economist predicted on Friday.
LONDON, Sept 12- The dollar was on track for its longest winning streak in 17 years on Friday, hitting multi-month highs against its Australian and Canadian counterparts, as investors bet the U.S.
*Sterling steadies after latest Scotland poll. LONDON, Sept 12- The dollar index headed for its longest winning streak since 1997 on Friday, as the greenback hit a six-year peak against the yen on growing expectations that the U.S.
Sept 11- The drop in U.S. workforce participation since the financial crisis is largely due to the aging of the American population and will not reverse even if labor markets improve, a paper to be presented at a Brookings Institution conference on Friday says.
Discussing if current economic data supports the end of QE, with Paul McCulley, Pimco chief economist. McCulley says the Fed wants to get off its zero interest rate policy, and it's the appropriate thing to do.
Discussing next week's FOMC statement by Janet Yellen, Paul McCulley, Pimco chief economist, discusses the two key phrases the Fed must change before they hike rates.
NEW YORK, Sept 11- The U.S. dollar dipped from six-year highs against the yen on Thursday, and the dollar index fell slightly but remained on track to post its ninth consecutive week of gains. The greenback was slightly weaker as Treasuries yields fell after President Barack Obama authorized airstrikes for the first time in Syria and more strikes in Iraq.
NEW YORK, Sept 11- The U.S. dollar retreated from six-year highs against the yen after data showed that more Americans filed for unemployment benefits last week, though the dollar index remained on track to post its ninth consecutive week of gains.
* "Considerable time" language under the microscope. A strong run of U.S. economic data has led Fed Chair Janet Yellen and other top officials to acknowledge the possibility they may need to raise rates sooner than they thought just a few months ago, although a surprisingly soft reading on jobs growth in August could provide some breathing room.
Obama told Americans in a speech late on Wednesday that he had authorized U.S. air strikes for the first time in Syria and more attacks in Iraq in a broad escalation of a campaign against the Islamic State militant group.
Obama will deliver a speech late on Wednesday in which he will vow to attack Islamic State militants "wherever they exist," lay out a strategy for expanding U.S. air strikes in Iraq and, for the first time, strike targets in Syria.
David Bianco, Deutsche Bank, and William Lee, Citi's North America Economics, discuss when the Fed is likely to hike interest rates and its impact on the markets.
The bond market is starting to give the stock market agita, and focus could remain on interest rates Wednesday as traders try to handicap the Fed's next move.