CNBC's Rick Santelli reports the August Chicago PMI was a huge surprise.» Read More
TOKYO, Aug 25- Tokyo stocks rebounded on Monday morning, spurred by gains for exporters as the yen weakened to a seven-month low against the dollar after a gathering of central bankers underlined the diverging paths of interest rates in Japan and the United States. rose 0.2 percent to 15,569.57 points.
SYDNEY, Aug 25- The dollar marched higher against the euro and yen on Monday as investors wagered that interest rates were set on a diverging course in the United States, Europe and Japan, giving a lift to Tokyo stocks in the process.
SYDNEY, Aug 25- The euro fell to its lowest in nearly a year against a broadly firmer dollar on Monday after comments from the head of the European Central Bank raised prospects of more policy easing as early as next week. The common currency skidded to $1.3185 in early trade, from around $1.3246 late in New York.
Sally Auld, Interest Rate Strategist at JP Morgan, discusses the speeches given by Fed chair Janet Yellen and European Central Bank President Mario Draghi at last week's Jackson Hole Symposium.
JACKSON HOLE, Wyo., Aug 24- Pressure is building within the Federal Reserve for officials to move as early as next month to more clearly acknowledge improvements in the U.S. economy and lay the groundwork for the central bank's first interest rate hike in nearly a decade.
ROME, Aug 24- The euro zone's growing fears of deflation will be stirred again on Friday when preliminary consumer price data for August is issued, with signs the European Central Bank could be looking at bolder steps to help the region's stagnant economy.
JACKSON HOLE, Wyoming— Most visitors to Wyoming's Grand Teton National Park are drawn to the peak that gave the park its name— a 13,776- foot monolith that dominates the sweeping skyline.
JACKSON HOLE, Wyo., Aug 23- The U.S. Federal Reserve is focused on an initial interest rate hike between the first quarter and the middle of next year, with possible changes in its main policy statement as soon as next month, Atlanta Fed President Dennis Lockhart said on Saturday.
JACKSON HOLE, Wyoming— If anyone thought Janet Yellen might clarify her view of the U.S. job market in her speech here Friday, the Federal Reserve chair had a message:. The picture is still hazy. "Uncertainty is the key word," said Ian Shepherdson, chief economist at Pantheon Economics.
Geopolitical headlines could rattle markets in the week ahead as focus shifts away from the Fed.
Behind in the polls, Obama's rekindling class warfare against banks, corporations, and rich people, says Larry Kudlow.
JACKSON HOLE, Wyo, Aug 22- The European Central Bank is prepared to respond with all its "available" tools should inflation in the euro zone drop further, ECB President Mario Draghi said on Friday in remarks that opened the door to possible policy action in September.
Yellen: Job market makes Fed hesitant on rate hike. JACKSON HOLE, Wyoming— If anyone thought Janet Yellen might clarify her view of the U.S. job market in her speech here Friday, the Federal Reserve chair had a message:. North Texas, SMU and Troy University will begin beer sales to the general public this season.
JACKSON HOLE, Wyo, Aug 22- The Federal Reserve's intensive focus on a wide range of labor market data to guide policy-making is driving a wedge between its core decision-makers and others who feel the central bank is straying from traditional guideposts.
*Yellen affirms view U.S. jobless rate understates slack. JACKSON HOLE, Wyo., Aug 22- The Federal Reserve should move cautiously in deciding when to raise interest rates given the U.S. labor market remains bruised from the Great Recession, Fed Chair Janet Yellen said on Friday amid calls from policy hawks for a near-term rate hike.
NEW YORK, Aug 22- Wall Street and other stock markets paused on Friday, halting the week's strong gains, as worsening Ukraine tensions dogged trading, while the dollar rose after Federal Reserve Chair Janet Yellen said policymakers eyeing interest rate hikes need to move cautiously.
The stock market paused Friday, following four days of gains, after a speech by Federal Reserve Chair Janet Yellen left investors unclear about the central bank's next move on interest rates. A flare-up in tensions between Ukraine and Russia weighed on the market after a Russian convoy entered the country, purportedly to bring aid supplies.
NEW YORK, Aug 22- Stocks ended mostly lower on Friday as Ukraine- Russia tensions reignited and remarks from Federal Reserve Chair Janet Yellen failed to give investors any clues on interest rate hikes. He called on Russia to "stop destabilizing Ukraine.
NEW YORK— More tensions in Ukraine left the stock market slightly lower in quiet trading. Investors were also poring over a speech by Federal Reserve Chair Janet Yellen, which gave few clues about the central bank's next moves on interest rates. Aeropostale plunged 10 percent after forecasting a big loss in the current quarter.
Geopolitics, the euro zone, China—they're all factors for the market. But here's the most important one, says UBS investment chief Simon Smiles.