The economy's improving so what's not to like? In a nutshell, there are two big problems with the job market, says Michael Farr.» Read More
Yellen's speech is being closely watched amid the intensifying debate over how soon the Fed should raise interest rates.
*Structural shifts in labor market complicating Fed's task. *Fed chief calls for "pragmatic" policy approach.
CNBC's Steve Liesman, provides highlights from Janet Yellen's speech at Jackson Hole. Fed Chair Yellen said the FOMC is now questioning the degree of remaining slack left in the labor market and the timing of rate hikes.
*Gold steady after 5- day losing streak. *Coming up: Fed Chair Yellen speaks at Jackson Hole at 1400 GMT. LONDON, Aug 22- Gold steadied above a two-month low on Friday after a five-day losing streak and was headed for its biggest weekly loss in five, hurt by strong U.S. economic data and speculation the Federal Reserve could raise interest rates sooner than expected.
Discussing how the market is positioned for Janet Yellen's speech at Jackson Hole and the state of Europe, with Art Cashin, UBS director of floor operations.
*Russia aid convoy crossed border without OK, Ukraine says. NEW YORK, Aug 22- U.S. stocks were poised for a flat open on Friday, as futures pared losses after the latest flare of tensions between Ukraine and Russia, and ahead of a speech by Federal Reserve Chair Janet Yellen.
Brian Belski, BMO Capital Markets chief investment strategist, and Stuart Hoffman, PNC Financial Services chief economist, discuss Fed policy and if markets are too stretched.
WASHINGTON— The central bankers meeting this week at their annual conference in Jackson Hole, Wyoming, aren't exactly in sync. By contrast, the European Central Bank is considering more stimulus. This year, central banks in Mexico, Sweden and South Korea, among others, have lowered rates.
Pimco's Virginie Maisonneuve reveals where she is seeing investment opportunities around the world. The U.S. is ahead of the curve, says Maisonneuve.
*European shares wobble as Russia convey goes into Ukraine. LONDON, Aug 22- The high-flying dollar steadied on Friday as markets waited for steers on U.S. monetary policy, while escalating tensions over Ukraine halted a strong run-up by European stocks.
*Russia aid convoy crossed border without OK, Ukraine says. NEW YORK, Aug 22- U.S. stock index futures were slightly lower on Friday, after the latest flare of tensions between Ukraine and Russia and ahead of a speech by Federal Reserve Chair Janet Yellen.
*Gold steady after 5- day losing streak. *Coming up: Fed Chair Yellen speaks at Jackson Hole at 1400 GMT. LONDON, Aug 22- Gold steadied above a two-month low on Friday after a five-day losing streak and was headed for its biggest weekly loss in five, hurt by strong U.S. economic data and speculation the Federal Reserve could hike interest rates sooner than expected.
*FTSEurofirst 300 down 0.4 pct, Euro STOXX 50 down 0.8 pct. *Ukraine concerns unleash volatility into market. LONDON, Aug 22- European shares fell on Friday following a brisk two-week rally as a ratcheting up of tensions in Ukraine fed into investors already cautious ahead of a speech by U.S.
*Safe-haven currencies gain as Russia- Ukraine tension flares. LONDON, Aug 22- The yen and the Swiss francs rose against the euro on Friday, helped by safe-haven inflows after a Russian aid convoy crossed into Ukraine without permission from Kiev, rattling investors.
JACKSON HOLE, Wyo., Aug 22- The deep recession of 2007-2009 dealt no more permanent damage to the U.S. labor market than other recent downturns, according to a research paper prepared for a central banking conference that disputed the notion it left unusually heavy economic scars.
*Ukraine: Russian aid convoy crosses border without permission. The latest development in the Ukraine crisis that has seen Russia and the West imposing economically damaging sanctions on each other prompted investors to seek refuge in top-rated assets. Ukraine said will not use any force against the Russian convoy, as it wishes to avoid provocations.
LONDON, Aug 22- London copper hit its highest price in a fortnight on Friday and was on track for its biggest weekly rise since early July as brightening U.S. economic prospects eclipsed concerns over China and Europe.
JACKSON HOLE, Wyo., Aug 22- The U.S. labor market has become steadily less dynamic since 1990, with workers seemingly locked into particular jobs and a more sluggish process of job creation and destruction in the private sector, according to research to be presented to global central bankers on Friday.
Markets have built up a lot of expectation ahead of the speeches from central bankers at Jackson Hole, says Todd Horwitz, author and founder of Averagejoeoptions.com, with all eyes are on Fed Chair Janet Yellen¿s comments on Friday.
*Gold steady after five-day losing streak. *Coming up: Fed Chair Yellen speaks at Jackson Hole at 1400 GMT.