CNBC's Rick Santelli reports the August Chicago PMI was a huge surprise.» Read More
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 more clues on interest rate hikes.
*Fed's Yellen seen as more balanced in her Jackson Hole speech. NEW YORK, Aug 22- The dollar rose to its highest in more than 11 months against a basket of currencies on Friday after Federal Reserve Chair Janet Yellen came out more balanced than expected on her views about the U.S. economy and monetary policy in remarks to central bankers.
Aug 22- Harry Truman once made a plea for a one-armed economist, being sick and tired of his advisors always saying "on the one hand this, but on the other hand something else".
JACKSON HOLE, Wyoming— Shadowing central bankers and economists at the annual Federal Reserve conference here, a group of about 10 demonstrators pressed Fed Chair Janet Yellen not to yield to pressure to raise interest rates.
JACKSON HOLE, Wyo., Aug 22- The Federal Reserve is "mired" in debate over corners of the U.S. labor market that it has little chance of improving, and it should instead prepare the public for an interest-rate rise, a Fed official known for his hawkish views said on Friday.
NEW YORK, Aug 22- Wall Street and other stock markets paused while the dollar rose on Friday after Federal Reserve Chair Janet Yellen said policymakers eyeing interest rate hikes need to move cautiously, while worsening Ukraine tensions dogged trading.
*Russia aid convoy crossed border without OK, Ukraine says. Ukraine declared on Friday that Russia had launched a "direct invasion" of its territory after Moscow sent a convoy of trucks across the border into eastern Ukraine.
The best places to put your money after Fed Chair Janet Yellen's comments at Jackson Hole, with David Donabedian, Atlantic Trust CIO, and Jonathan Brodsky, Advisory Research.
CNBC's Steve Liesman says there are about 10-15 protesters at Jackson Hole for the first time. They are here to argue the Fed should not raise rates anytime soon. CNBC contributor Ron Insana, weighs in.
CNBC's Steve Liesman and CNBC contributor Ron Insana, share their opinions on Fed policy.
JACKSON HOLE, Wyo., Aug 22- Federal Reserve Chair Janet Yellen called for a "pragmatic" approach to U.S. monetary policy on Friday, amid calls by hawkish members of the central bank's policy committee for a quick rise in interest rates due to tightening labor markets and inflationary risks.
Atlanta Fed President Dennis Lockhart, discusses employment data, and whether the Fed is behind the curve. He thinks the conditions for a rate liftoff come together about mid-2015.
Atlanta Fed President Dennis Lockhart, is not concerned about an inflation rate getting out of hand, and discusses his concern for a potential spillover from financial markets into the broad economy.
CNBC's Steve Liesman speaks to Atlanta Fed President Dennis Lockhart about current economic data, and his predictions for interest rate liftoff.
NEW YORK— Stocks are little changed at midday after a speech by Federal Reserve Chair Janet Yellen left investors unsure on how the bank will proceed on interest rates. Investors were also monitoring another flare-up in tensions between Ukraine and Russia. Aeropostale plunged 10 percent after forecasting a big loss in the current quarter.
U.S. crude for October was down 87 cents at $93.11 a barrel by 11:13 a.m. EDT. "I think the market is still reflecting on the big build in Cushing this week," said Dominick Chirichella, senior partner at Energy Management Institute.
NEW YORK/ LONDON, Aug 22- Gold prices edged up on Friday as U.S. equities slipped, but gains were limited by fears over deflation after Federal Reserve Chair Janet Yellen said U.S. labor markets remain hampered by the effects of the Great Recession. Gold prices continued to hover just above a two-month low reached on Thursday.
Fed Chair Janet Yellen managed to appease doves but gave slight encouragement to hawks in her much anticipated Jackson Hole speech.
*Russian aid convoy enters Ukraine without permission. *EU, Nato condemn action but Ukraine says will not use force. The latest development in the Ukraine crisis, which has led Russia and the West to impose economically damaging sanctions on each other, initially prompted investors to seek refuge in top-rated assets.
*European shares wobble as Russia convey enters Ukraine. NEW YORK, Aug 22- The high-flying dollar moved higher again on Friday after Federal Reserve Chair Janet Yellen said the worrisome U.S. labor markets requires policymakers to move cautiously when eyeing interest rate hikes. Tensions over Ukraine increased and blunted a European stocks run-up, and U.S.