It may take a while before investors get a clear picture on just how well—or poorly—the U.S. economy is performing.» Read More
July 3- Good news on the jobs front is even better news for investors in risk assets as it does little to move markets away from the Janet Yellen sweet spot. U.S. nonfarm payrolls increased by 288,000 last month, topping the 200,000 level for five straight months for the first time since the go-go late 1990 s.
SAN FRANCISCO, July 3- The evolving debate at the Federal Reserve over the best approach to financial stability crosses the usual policymaker divide, with some hawks skeptical of raising interest rates to fight bubbles, and some doves warming to the idea.
CNBC's Rick Santelli discusses the latest action in the bond market, after the better-than-expected jobs data.
*Average hourly earnings up 6 cents, workweek steady. WASHINGTON, July 3- U.S. employment growth jumped in June and the jobless rate closed in on a six-year low, decisive evidence the economy was moving forward at a brisk clip after a surprisingly big slump at the start of the year.
*Average hourly earnings up 6 cents, workweek steady. WASHINGTON, July 3- U.S. employment growth jumped in June and the unemployment rate declined to near a six-year low of 6.1 percent, effectively dispelling fears about the economy's health and underscoring its momentum heading into the second half of 2014..
Low labor force participation rates for 25-50 year-olds mask deeper structural problems, said Patrick O'Keefe director of Economic research at CohnReznick.
Steven Bell, director at F&C Asset Management, says the effects of an interest rate hike from the Federal Reserve on bond yields will not be detrimental.
*Nonfarm payrolls expected to have risen 212,000 in June. WASHINGTON, July 3- U.S. employment growth is expected to have continued at a solid clip in June, which would further dispel fears about the economy's health and underscore its momentum heading into the second half of 2014..
Richard Jerram, Chief Economist at Bank of Singapore, discusses Janet Yellen's comments on the effects of monetary policy and explains how investors can protect their portfolios.
SINGAPORE, July 3- U.S. crude futures slipped towards $104 a barrel in early Asian trade on Thursday as supply fears eased after Libya declared an end to an oil crisis which had reduced exports from the OPEC member to a trickle. U.S. crude extended the previous session's losses to fall to a three-week low, down 45 cents at $104.03 a barrel by 0030 GMT.
SYDNEY, July 3- The U.S. dollar clung onto modest gains early on Thursday, having risen broadly on the back of a report that showed solid hiring in the U.S. private sector. The euro dipped to $1.3657, from Tuesday's six-week high of $1.3724.
NEW YORK, July 2- Don't look for U.S. bond yields to stray far from current levels even if the government on Thursday says the economy produced more than 200,000 jobs for a fifth straight month in June.
*SPDR Gold Trust sees inflow of 5.69 tonnes. *Platinum hits 10- month highs above $1,500/ oz. NEW YORK/ LONDON, July 2- Platinum ended flat on Wednesday as investors took profits after the precious metal rallied to a 10- month high on lingering long-term supply worries despite the end of a strike by South African miners.
U.S. stocks closed mixed on Wednesday as the Dow and S&P 500 pushed into uncharted territory ahead of a government jobs report.
NEW YORK, July 2- U.S. U.S. companies hired 281,000 workers in June, marking the biggest monthly increase since November 2012, the ADP National Employment Report showed. "It was an unassailably good number- you couldn't fault it," said David Keeble, global head of interest rates strategy at Credit Agricole Corporate and Investment Bank in New York.
Pimco CIO and co-founder Bill Gross discusses increasing public perception of the "new neutral" and weighs in on Janet Yellen and macroprudential supervision.
WASHINGTON, July 2- Monetary policy faces "significant limitations" as a tool to counter financial stability risks, Federal Reserve Chair Janet Yellen said on Wednesday, adding that heading off the U.S. housing bubble with higher interest rates would have caused major economic damage.
It is no secret that markets have been quiet. But there’s quiet—and then there’s dead.
Fed Chair Janet Yellen recognizes asset bubbles may be forming and explains how the Fed can work to contain them.
Federal Reserve Chair Janet Yellen discusses if macroprudential policies are the best way to maintain financial stability. Yellen says monetary policy is not completely off the table as a measure to be used when excesses are developing.