Martin Lakos, Division Director at Macquarie Private Wealth, explains why the Fed is likely to continue tapering at current pace, despite better-than-expected nonfarm payrolls for the month of February.» Read More
Feb 27- Unusually harsh winter weather appears to be behind recent signs of weakness in the U.S. economy, Federal Reserve Chair Janet Yellen said on Thursday, suggesting the central bank was poised to press forward in ratcheting back its stimulus.
*J.C. Penney, Best Buy shares rally after results.
*Ukraine tension darkens Europe outlook. NEW YORK, Feb 27- Brent oil futures fell on Thursday, pressured by civil unrest in Ukraine that curbed overall risk appetite and fueled fears that it would slow growth in Europe and lessen oil demand. Draws from Cushing oil stocks helped narrow U.S. oil's discount to Brent to nearly $6 per barrel, the tightest since Oct. 7.
Federal Reserve Chair Janet Yellen offset concerns over tension in Ukraine and Russia. "Markets are showing some relief that monetary policy may remain loose and that the Fed is clearly taking a pragmatic view quarter by quarter," said Lorne Baring, managing director of B Capital Wealth Management in Geneva.
CNBC's Steve Liesman shares highlights of Fed Chair Janet Yellen's testimony before the Senate Banking Committee.
*Royal Bank of Scotland falls after posting losses. LONDON, Feb 27- European equities pared most of their early losses late on Thursday, with better-than-expected U.S. durable goods data and comments from Federal Reserve Chair Janet Yellen prompting some investors to return to the market.
Anticipating the next step for bonds and equities amid rising rates, with the FMHR traders, and Scott Siegel, Morgan Stanley Wealth Management.
CNBC's Steve Liesman, Rick Santelli and Steve Grasso, dissect Federal Reserve Chair Janet Yellen's testimony before the Senate Banking Committee, in which she addressed QE, unemployment and bitcoin.
Federal Reserve Chair Janet Yellen provides insight into the "haircut," or difference in liquidity, to mortgage backed securities versus Treasurys or cash.
*Ukraine tension darkens Europe outlook, potential Brent demand. NEW YORK, Feb 27- Brent crude oil futures fell on Thursday, pressured by volatility in Ukraine that curbed risk appetite.
Stocks turn positive, reversing early losses. Fed Chair Yellen says harsh weather has played a role in recently weak data.
Federal Reserve Chair Janet Yellen testifying before Congress said the Fed simply does not have the authority to regulate bitcoin.
*Yellen testifies before Senate Banking Committee. Federal Reserve Chair Janet Yellen on the economy and monetary policy in testimony before the Senate Banking Committee.
Sen. Elizabeth Warren, (D-MA) asks Fed chair Janet Yellen what evidence she would need to see to declare "too big to fail" has ended.
NEW YORK, Feb 27- Stocks on world markets edged lower on Thursday, as tension in Ukraine and Russia curbed risk appetite, though Wall Street managed to hold near unchanged as investors tuned in to Fed chair Janet Yellen's testimony in Washington.
Feb 27- Federal Reserve Chair Janet Yellen said on Thursday the central bank would be on alert to make sure recent signs of weakness in the U.S. economy are due to cold weather and storms, and not signals of a more fundamental slowdown.
*J.C. Penny, Best Buy rally after results. NEW YORK, Feb 27- U.S. stocks were little changed on Thursday as comments from Federal Reserve Chair Janet Yellen failed to provide clarity on the impact of a harsh winter on recent economic weakness, while concerns rose over turmoil in Ukraine.
Fed Chair Janet Yellen tells the Senate Banking Committee that underwriting standards for leveraged lending and farmland prices are "worrisome" for her.
"I think it's clear the unseasonably cold weather has played some role in that, says Fed Chair Janet Yellen discussing recent weak economic data. Yellen says if there is a significant change in the economic outlook the Fed would reconsider "pausing" the taper.
Fed Chair Janet Yellen tells the Senate Banking Committee that when the Fed begins the process of normalizing monetary policy, she will permit "runoff" out of the Fed's portfolio. We have a range of tools we can use to raise the level of interest rates, Yellen says.