Wary financial markets are watching the decline in copper, to see if the red metal is acting as a fire alarm for the global economy.» Read More
Group of 20 finance leaders have yet to reach a conclusion on setting a numerical target for global growth.
The main focus will be Part Two of Federal Reserve Chair Janet Yellen's semi-annual monetary policy testimony before the Senate Banking Committee on Thursday. Ironically, Yellen's congressional testimony before U.S. lawmakers was rescheduled after a Senate panel previously canceled the original hearing date due to a recent snowstorm in Washington, D.C..
Feb 21- As the financial crisis deepened in 2008, Janet Yellen argued at least twice for a more aggressive cut to interest rates than most of her colleagues at the Federal Reserve, internal documents unsealed on Friday showed.
On the latest episode of NetNet TV, CNBC's Jeff Cox and Patti Domm respond to the Fed crisis.
A Fed debate is growing over whether it should stand ready to raise rates to prick any asset bubbles that its regulatory tools might fail to address.
Though the Federal Reserve’s stimulus efforts have wide approval among investors and bankers, some argue its policies distort and harm the economy.
The report echoed Australia's attempt to push an agenda for growth as it hosts finance ministers and central bank chiefs from the Group of 20 major economies in Sydney this weekend.
WASHINGTON, Feb 20- Federal Reserve Chair Janet Yellen will testify before U.S. lawmakers on Feb. 27 after a Senate panel previously canceled the original hearing date due to a recent snowstorm in Washington, D.C.. She will face the Senate Banking Committee at 10:00 a.m. on Feb. 27, the committee said.
NEW YORK/ ST. LOUIS, Feb 19- Three Federal Reserve officials on Wednesday said they believe the U.S. economy is gaining traction despite a recent slowdown from cold weather, allowing the central bank to stick to its plan to wind down its massive bond-buying stimulus this year.
*A' clear presumption' of more $10- bln cuts to bond buys. Feb 19- Several Federal Reserve policymakers wanted to drive home the idea that their asset-purchase program would be trimmed in predictable, $10- billion steps unless there is a big economic surprise this year, according to minutes of their last meeting.
Joseph LaVorgna, Deutsche Bank Chief U.S. Economist, and Robert Brusca, CFAO Economics chief Economist, react to the FOMC's minutes and discuss the Fed's outlook on the economy. CNBC's Steve Liesman provides insight.
Several participants say the taper should continue unless the economic outlook changes, reports CNBC's Steve Liesman providing analysis on FOMC's minutes from its January policy meeting.
NEW YORK, Feb 19- Stock markets around the world mostly dipped on Wednesday as investors held off from making big bets ahead of the release of minutes from the U.S. Gold prices were also near breakeven levels.
*Shares in Europe, U.S. rise ahead of Fed minutes. NEW YORK, Feb 19- Stock markets around the world rose slightly on Wednesday, continuing their recent advance as investors did not expect anything hinting at a change in monetary policy to be announced in upcoming minutes from the U.S. Gold prices were also near breakeven levels.
*China's central bank stirs anxiety. LONDON, Feb 19- The dollar was hovering at its lowest level of the year on Wednesday as investors waited to see if Federal Reserve policymakers had foreseen this month's relatively weak U.S. economic data at their latest meeting.
LONDON, Feb 19- Gold edged lower on Wednesday after its rally to 3-1/ 2 month highs as the dollar steadied ahead of the Federal Reserve's minutes of its January meeting, while Asian physical buying subsided.
LONDON, Feb 19- Gold edged down on Wednesday as investors reaped profits after a rally to 3-1/ 2 month highs and as the dollar steadied ahead of the Federal Reserve's minutes of its January meeting, while Asian physical buying subsided.
LONDON, Feb 19- Hesistant share investors kept a wary eye on interest rates in China while the euro left the dollar in its wake on Wednesday after soft U.S. economic data argued against any rapid withdrawal of Federal Reserve stimulus.
SYDNEY/ SINGAPORE, Feb 19- The euro touched a seven-week high against the dollar on Wednesday, with the greenback struggling in the wake of more soft economic data and news that foreign investors had been heavy sellers of U.S. assets.
SYDNEY, Feb 19- Asian share markets were in hesitant mood on Wednesday as investors keep a wary eye on interest rates in China, though the euro left the dollar in its dust after more soft U.S. economic data. The action was light, with MSCI's broadest index of Asia-Pacific shares outside Japan barely changed and Australia up a slim 0.3 percent.