The Fed just might have triggered an early look at its dream trade—where short-term yields rise gradually and longer term rates rise more slowly.» Read More
NEW YORK, Aug 21- U.S. The highlight of the meeting, starting later Thursday and sponsored by the Kansas City Federal Reserve, is the speech on Friday by Fed Chair Janet Yellen at 10 a.m. EDT, where she is expected talk about labor markets.
*Family Dollar rejects Dollar General buyout offer. NEW YORK, Aug 21- U.S. stocks inched higher on Thursday and the S&P notched a record high as a flurry of data pointed to steady improvement in the economy and investors awaited the start of a meeting of top central bankers and economists in Jackson Hole, Wyoming.
NEW YORK, Aug 21- The dollar held onto healthy recent gains to trade little changed on Thursday as central bankers gathered for a three-day meeting in Wyoming that will feature a potentially market-rattling speech by Federal Reserve Chair Janet Yellen. The euro, which traded in early May a hair under $1.40, was last up 0.20 percent to $1.3283.
Former Institute of International Finance CEO Charles Dallara, shares his thoughts on Fed Policy and interest rates. Dallara says he's inclined to think the market will move the rates before the Fed does.
*Platinum falls to 3- month lows. LONDON, Aug 21- Gold slid around 1 percent to its lowest in two months on Thursday, extending losses to a fifth session on a firm dollar and after slightly better than expected U.S. jobless claims fed expectations for an early interest rate hike.
CNBC's Steve Liesman, discusses the issues facing Fed Chair Janet Yellen at Jackson Hole, including labor slack in the market and when to hike rates.
CNBC's Rick Santelli discusses the latest action in the bond market, and the U.S. dollar.
*Family Dollar rejects Dollar General buyout offer. NEW YORK, Aug 21- U.S. stocks were set for a slightly higher open on Thursday, after jobless claims data pointed to continued improvement in the labor market and before the start of a meeting of top central bankers and economists in Jackson Hole, Wyoming.
Fed interest rate hikes may not be as far off as investors believe, Kansas City Fed President Esther George told CNBC.
*Jackson Hole conference to begin. *Bank of America gains before expected settlement deal. NEW YORK, Aug 21- U.S. stock index futures edged higher on Thursday, ahead of a flurry of economic data and the start of the meeting of top central bankers and economists in Jackson Hole, Wyoming.
The Federal Reserve has too much influence on capital markets and is seen as behind the curve when it comes to rates, according to a new survey.
Don Luskin, TrendMacro, and Dan Veru, Palisade Capital Management, share their views on when they expect to see interest rates rise and its likely impact on the markets.
LONDON, Aug 21- Any speculation about the timing of a Federal Reserve rate hike at this week's central bank forum at Jackson Hole could raise fears of a fall in demand for bonds in the euro zone periphery, but holders should be reassured by the weak correlation between Spanish and Italian bond yields and their U.S. counterparts.
Jens Nordvig, global head of foreign exchange strategy at Nomura, discusses the outlook for the U.S. dollar as the FOMC seems to be increasingly "split".
LONDON, Aug 21- European shares rose on Thursday, with Germany's DAX index climbing to a three-week high after a survey showed the country's private sector grew for the 16th month running in August.
*Gold drops for a fifth straight session. SINGAPORE, Aug 21- Gold extended losses to a fifth session on Thursday, sliding 1 percent to its lowest in two months, after the U.S. dollar strengthened on indications from the Federal Reserve that it could raise interest rates sooner than expected. "Gold had already been under pressure from the dollar.
*China flash PMI hits 3- mth low, Aussie slips. SYDNEY/ TOKYO, Aug 21- The U.S. dollar traded at 11- month highs against a basket of major currencies early on Thursday, having been given a second wind after minutes of the Federal Reserve's July meeting sounded slightly hawkish.
*Dollar index races to fresh 11- month highs. *China flash PMI survey next in focus. SYDNEY, Aug 21- The U.S. dollar traded at 11- month highs against a basket of major currencies early on Thursday, having been given a second wind after minutes of the Federal Reserve's July meeting sounded slightly hawkish.
Markets are awaiting a more hawkish tone from the Fed, but maybe not from Yellen when she addresses the Jackson Hole symposium.
*Home Depot lifts the Dow; rival Lowe's rebounds. *Target bounces back; American Eagle rallies. NEW YORK, Aug 20- U.S. stocks ended mostly higher on Wednesday, with the S&P 500 just missing a record close, after minutes from the Federal Reserve's July meeting gave investors reason to believe that the central bank is in no rush to raise interest rates.