A Fed official says the U.S. central bank's decision to taper was premature given existing high unemployment and low inflation rates.» Read More
Jason Pride, Glenmede, and Nariman Behravesh, IHS, discuss the outlook on the economy and markets next year. The Fed will likely begin to taper "no later than January," Behravesh says.
WASHINGTON, Dec 12- The Democratic-led U.S. Senate on Thursday approved six of President Barack Obama's nominees, including four judges, on the second day of its around-the-clock confirmation marathon that Republicans were unable to stop because of a rule change.
WASHINGTON, Dec 12- The Democratic-led U.S. Senate on Thursday approved five of President Barack Obama's nominees, including three judges, as an around-the-clock confirmation marathon entered its second day with Republicans unable to stop it because of a rule change.
Fast Money contributor Tim Seymour, and CNBC's Herb Greenberg discuss gold miners. Seymour says price assumptions have to be downgraded with gold heading lower.
Discussing if now is the time to take profits amid Federal Reserve taper talk, with Heather Hughes, SunAmerica Funds; CNBC Contributor Michael Yoshikami; Sam Stovall, S&P Capital IQ; Jonathan Brodsky, Advisory Research; and CNBC's Rick Santelli.
WASHINGTON, Dec 12- The Democratic-led U.S. Senate approved four of President Barack Obama's nominees on Thursday as an around-the-clock, confirmation merry-go-round entered its second day with Republicans unable to stop it because of a recent rule change.
NEW YORK, Dec 12- U.S. stocks could see their first major pullback in months when the Federal Reserve scales back its economic stimulus early next year but a Reuters poll found shares will still end 2014 up 8 percent from current levels. The U.S. central bank has been buying $85 billion in bonds per month to prop up the economy.
*Copper, nickel prices advance on supply concerns. LONDON, Dec 12- Global equities slipped to a one-month low on Thursday after a provisional budget deal in Washington prompted speculation the Federal Reserve policymakers will start trimming its stimulus as early as next week.
The possible nomination of Stanley Fischer to the Fed would offer pluses and minuses to President Obama. The NYT takes a look.
LONDON, Dec 12- European shares slipped to a two-month low on Thursday, tracking losses on Wall Street and in Asia as markets positioned for data that could determine if the U.S. Investors lowered their exposure to riskier assets after a provisional budget deal in Washington this week eased some of the fiscal drag on the U.S. economy.
Fortum provided support to the index, up 6.5 percent after the state-controlled Finnish utility said it has agreed to sell its power grid in Finland to Suomi Power Networks consortium for 2.55 billion euros.
SINGAPORE, Dec 12- Gold inched up on Thursday as some safe-haven bids emerged after equities and the dollar dropped on fears over an early end to the Federal Reserve's monetary stimulus.
New hawk at the Fed. CNBC's Courtney Reagan reports Stanley Fischer has been picked as the next vice chair of the Federal Reserve.
JERUSALEM, Dec 11- Stanley Fischer, who led the Bank of Israel for eight years until he stepped down in June, has been asked to be the Federal Reserve's next vice chair once Janet Yellen takes over as chief of the U.S. central bank, a source familiar with the issue said on Wednesday.
Dec 11- Stanley Fischer, who led the Bank of Israel for eight years until he stepped down in June, is the lead candidate to be the Federal Reserve's next vice chair once Janet Yellen takes over as Fed chief, several news outlets reported on Wednesday.
The White House is close to nominating Stanley Fischer, the former governor of the Bank of Israel, as vice chair of the Fed, reports said.
Crankiness pervaded the markets Wednesday morning as stocks headed south, and bond yields edged slightly higher ahead of the Treasury's afternoon auction.
Samuel Wardwell, Pioneer Investments SVP, director of investment communications, discusses the Fed taper and the impact of the budget deal on the market.
*No immediate reaction to budget deal in Washington. TOKYO, Dec 11- The dollar wobbled near a six-week low against a basket of currencies on Wednesday, hurt by the perception the Federal Reserve is in no hurry to trim its monetary stimulus.
*No immediate reaction to budget deal in Washington. TOKYO, Dec 11- The dollar wobbled near a six-week low against a basket of currencies on Wednesday, hampered by a growing view that the Federal Reserve needs more positive economic data before it decides to start reducing its monetary stimulus.