The Fed should "explicitly" say it will keep rates near zero until the economy is within a year of reaching Fed goals, a policymaker said.» Read More
The ability to change interest rates is too much power for any one person, former Republican congressman Ron Paul told CNBC.
*FedEx and Oracle fall after results, Adobe higher. *The S&P 500 looked to open near record levels despite sour notes sounded by weak results from FedEx Corp, an economic bellwether, and Oracle Corp.. *FedEx posted third-quarter results that were below expectations and gave a weak full-year profit forecast, saying it had been significantly hurt by winter storms.
CNBC's Jim Cramer discusses what Janet Yellen needs to say to give the stock market a boost.
Happy Wednesday. We soon find out whether the Who's proclamation, "meet the new boss, same as the old boss" holds true at the Federal Reserve.
As the Fed winds down quantitative easing, Ron Insana says it will be showing off its new move, something he calls "qualitative teasing."
CNBC's Steve Liesman talks with Krishna Guha, Vice Chairman of ISI Group, about what he would like to hear from Fed Chair Janet Yellen after the conclusion of today's FOMC meeting.
Federal Reserve policy decision than the continuing military tensions between Ukraine and Russia. This shift in focus towards the Fed away from geopolitical concerns over Russia and Ukraine put a floor under stocks, which had opened lower following a strong start to the week.
I'm doing more building than buying these days, says Lynn Tilton, Patriarch Partners CEO sharing insight on where she is building value across companies. Also Tilton weighs in on the growing cost of health care and the problem with the "permanently unemployed."
*Investors nervous about more company default in China. LONDON, March 19- Copper fell on Wednesday as worries about growth and tighter credit in top user China kept the metal within sight of last week's 3-1/ 2 year lows, while aluminium sank as market data highlighted the metal's chronic oversupply.
Steve Schwarzman, Blackstone Group CEO, shares his thoughts on the housing sector and explains why he is cashing in on profits now. For us an exposure in the $7-$8 billion range is big enough.
*Tech shares in focus following Oracle, Adobe results. *Russian President Vladimir Putin has signed a treaty to make it part of Russia, and while no violence was reported as pro-Russian forces took control of part of a Ukraine naval base, investors are concerned that tensions in the region could escalate.
Jeffrey Rosenberg, BlackRock's chief investment strategist for fixed income, shares his thoughts on the future path of the Fed's interest-rate policy.
LONDON, March 19- Gold fell for a third session on Wednesday, with the dollar and European shares steadying as the market focus cautiously shifted from political tensions in Ukraine to a policy decision by the Federal Reserve later in the day.
Michelle Girard, RBS chief economist, and Dan Veru, Palisade Capital Management, share their thoughts on what investors will likely hear from Fed Chair Janet Yellen after today's FOMC meeting. The markets will be looking for guidance, says Girard.
Federal Reserve policy decision later in the day and as military tensions between Ukraine and Russia ratcheted up. Europe's major stock markets were down as much as a third of one percent in early trading, following Asian shares lower after the the MSCI's broadest index of Asia-Pacific shares outside Japan lost 0.2 percent.
*Focus on UK jobs data, annual budget. LONDON, March 19- The dollar rose against the yen and euro on Wednesday, drawing comfort from expectations the Federal Reserve will further unwind monetary stimulus, looking beyond the impact on the economy of a harsh winter. The dollar edged up 0.2 percent to 101.625 yen, staying above a one-month low of 101.20 yen hit on March 3.
LONDON, March 19- European stocks steadied on Wednesday as traders held fire ahead of a policy update from the U.S. Spain's Ibex 35 outperformed as global clothing giant Inditex rallied after 3.5 reporting its 2013 results and saying early 2014 sales had shot up.
*Gold may rebound to $1,366- technicals. SINGAPORE, March 19- Gold extended losses to a third session on Wednesday, moving away from a six-month high touched earlier this week as cautious investors stayed on the sidelines ahead of a policy decision by the U.S. Cash gold hit a high of $1,359.65 an ounce before slipping to $1,353.70 by 0704 GMT, down $1.94.
SINGAPORE, March 19- Brent crude held near a six-week trough below $106 a barrel on Wednesday as worries about an escalation of the crisis in Ukraine eased and on expectations of a rise in U.S. oil stocks.
Richard Kelly, head of European rates and FX research at TD Securities, discusses what to expect when U.S. Federal Reserve chairwoman Janet Yellen chairs her first FOMC meeting.