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Janet Yellen

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  • WASHINGTON, March 30- U.S. consumer spending barely rose in February as households boosted savings to their highest level in more than two years, the latest sign that the economy hit a soft patch in the first quarter. Economic growth has been undercut by bad winter weather, a strong dollar, a now-settled labor dispute at busy West Coast ports and softer demand in...

  • *Euro weighed down by uncertainty over Greece. LONDON, March 30- The euro fell on Monday, hurt by uncertainty over whether Greece and its creditors will be able to strike a deal that will help Athens secure funding before it runs out of money by April 20. "Even though euro short positions are at record highs, given the Greek uncertainty and the bias for more monetary...

  • LONDON, March 30- Gold fell one percent on Monday, down for a second straight session as the dollar climbed on increasing prospects that the Federal Reserve may start raising interest rates gradually this year. "It seems the market is once again focusing on the Fed raising rates," Deutsche Boerse's MNI senior analyst Tony Walters said. Gold, which does not pay any...

  • MSCI's emerging equity index rose 0.8 percent, lifted by China stocks jumping almost 3 percent on hopes that more infrastructure spending and policy stimulus will re-energise a cooling economy and boost profits. "China' stocks surged to yet another year-to-date high on the back of market expectations that the PBoC might provide even more monetary policy...

  • Rallying techs help European stocks bounce back Monday, 30 Mar 2015 | 4:15 AM ET

    *Lafarge drops as two Holcim shareholders reject revised deal. U.S. tech stocks climbed on Friday after news that Intel Corp is in talks to buy fellow chipmaker Altera Corp in a deal likely to top $10 billion. Intel shares jumped 6.4 percent while Altera shares surged 28.4 percent.

  • *Gold pulls further away from 3- week high as dollar gains. SINGAPORE, March 30- Gold dropped for a second straight session on Monday, slipping further from a three-week high, as the dollar climbed after Federal Reserve Chair Janet Yellen signaled the U.S. central bank may be on course to raise interest rates later this year. Spot gold fell as much as 1 percent to...

  • *Euro weighed down by uncertainty over Greece. LONDON, March 30- The euro fell on Monday, hurt by uncertainty over whether Greece and its international creditors will be able to strike a deal that will help Athens secure funding before it runs out of money by April 20. "Even though euro short positions are at record highs, given the Greek uncertainty and the bias for...

  • *Shanghai, Hong Kong stocks lead on stimulus hopes. SYDNEY, March 30- Asian stock markets rose on Monday, with China stocks nearing a seven-year peak on hopes for more infrastructure spending and policy stimulus, while oil prices suffered further from excess supply. The Hang Seng China Enterprises Index also added 3.5 percent after China allowed mainland mutual...

  • JGBs slip in volatile trade before fiscal year-end Monday, 30 Mar 2015 | 1:03 AM ET

    TOKYO, March 30- Japanese government bond prices slipped across the board on Monday in volatile trade as investors closed their books before the March 31 domestic fiscal year-end. Traders said liquidity, already low due to the Bank of Japan's regular debt buying operations, has dried up further as many investors opted for the sidelines before the fiscal...

  • MELBOURNE, March 30- London copper steadied on Monday as last week's run up in prices blunted consumer buying, while liquidity thinned ahead of a holiday-shortened week in many countries. Copper prices last week hit their highest in nearly three months at $6,294.50 a tonne. *China's President Xi Jinping said he hoped the country's annual trade with the nations...

  • SINGAPORE, March 30- Gold slipped for a second straight session on Monday, pulling further from a three-week high, after Federal Reserve Chair Janet Yellen signaled that the U.S. central bank may be on course to raise interest rates later this year. *Spot gold was off 0.2 percent at $1,196.98 an ounce by 0036 GMT, after rising for a second week in a row last week.

  • *Asia shares subdued as Wall St ekes out slight bounce. SYDNEY, March 30- Asian markets got off to a. MSCI's broadest index of Asia-Pacific shares outside Japan was off 0.2 percent.

  • SYDNEY, March 30- The dollar started trade on Monday pretty much where it closed in New York after the head of the U.S. central bank assured investors that the path back to' normal' interest rates will only occur at a gradual pace. The dollar fetched 119.24 yen versus 119.11 late in New York on Friday. "Yellen went to great length to detail why rate hikes would not be...

  • The controversial theory that worries Janet Yellen Sunday, 29 Mar 2015 | 5:00 PM ET
    Janet Yellen speaking on March 18, 2015.

    Janet Yellen says "secular stagnation" is a potential concern for the Fed. Here's what that means, and why it matters to policy.

  • March non-farm payrolls seen up 244,000. BRUSSELS, March 29- The state of the U.S. labor market in March will consume economists and investors in the week leading up to Easter, adding to the seesaw debate over when the Federal Reserve will spring its first interest rate hike. Fed Chair Janet Yellen made it clear on Friday that the U.S. central bank is likely to start...

  • DIARY- Top Economic Events to April 10 Friday, 27 Mar 2015 | 8:01 PM ET

    STONE MOUNTAIN, United States- Federal Reserve vice chair Stanley Fischer speaks at dinner before the 2015 Financial Markets Conference hosted by the Federal Reserve Bank of Atlanta- 2315 GMT. RICHMOND, United States- Federal Reserve Bank of Richmond President Jeffrey Lacker speaks on "Economic Outlook, March 2015" before the Greater Richmond Chamber of...

  • SAN FRANCISCO/ WASHINGTON, March 27- Federal Reserve Chair Janet Yellen signaled that the U.S. central bank will likely start raising borrowing costs later this year, even before inflation and wages have returned to health, but emphasized the return to normal interest rates will be gradual. The Fed has held short-term borrowing costs near zero since December...

  • Dollar ends week lower after Yellen comments Friday, 27 Mar 2015 | 5:23 PM ET

    The U.S. dollar edged lower against a basket of major currencies on Friday after comments from Federal Reserve Chair Janet Yellen.

  • NEW YORK, March 27- Wall Street on Friday closed higher for the first time in a week, lifted by rising tech stocks, while oil prices slumped 5 percent on receding fears about Middle East fighting disrupting supplies. The major U.S. stock indexes snapped a four-day losing streak after the Wall Street Journal reported chipmaker Intel Corp is in talks to buy rival...

  • NEW YORK, March 27- The U.S. dollar edged lower against a basket of major currencies on Friday after traders were reluctant to buy the greenback ahead of U.S. jobs data next week, and after comments from Federal Reserve Chair Janet Yellen. "It turned out to be pretty much a replay" of last week's Fed statement, said Alfonso Esparza, senior currency Strategist at Oanda in...