Janet Yellen says "secular stagnation" is a potential concern for the Fed. Here's what that means, and why it matters to policy.» Read More
NEW YORK— Nobody knows when exactly, but the day will eventually come when the Federal Reserve nudges its benchmark lending rate from next to zero to something slightly higher. The Fed's chair, Janet Yellen, has taken pains to be cautious. In June 2004, the Fed lifted its benchmark rate from 1 percent to 1.25 percent.
TOKYO/ SYDNEY, March 19- The dollar nursed hefty losses on Thursday, having suffered its biggest one-day fall against the euro in six years after the Federal Reserve struck a much more dovish than expected tone on interest rates while highlighting the currency's drag on U.S. exports. It recovered some ground to last stand at 120.13 yen, slightly higher on the day.
SYDNEY, March 19- The dollar was giving ground in Asia on Thursday as investors priced in a later start and a slower pace for future U.S rate rises, slashing bond yields globally and firing up stocks. The formerly friendless euro found itself up at $1.0880, having jumped 2.8 percent on Wednesday, while oil held gains of 5 percent as the dollar retreat benefited...
David Roche, global strategist at Independent Strategy, expects the Fed to raise rates in September and discusses the rally on Wall Street following Wednesday's policy statement.
SINGAPORE, March 19- Gold extended gains on Thursday to its highest level in nearly two weeks as the dollar tumbled after the Federal Reserve signaled a slower pace of U.S. interest rate hike and caution on U.S. economic growth. *Spot gold gained 0.6 percent to $1,174.26 an ounce by 0041 GMT, after earlier climbing to $1,175.05, its highest since March 9.
You’ve been waiting months for the answer on oil, “Mad Money” host Jim Cramer’s got the answer.
Michael Hanson, senior U.S. economist at Bank Of America Merrill Lynch, explains what the projections of the Fed's overnight lending rate say about the timeline of a U.S. rate hike.
SYDNEY, March 19- The dollar nursed punishing losses in Asia on Thursday after investors priced in a later start and a slower pace for future U.S rate rises, slashing Treasury yields and firing up Wall Street stocks. Early signs were also promising for regional stocks with MSCI's broadest index of Asia-Pacific shares outside Japan up 0.9 percent.
Jim Cramer gives his take on the Fed meeting, and what investors should expect for their portfolio now that it's finally over.
Randy Kroszner, former governor of the Federal Reserve, says the central bank is still concerned about inflation and jobs hence it remains deliberative about when to raise interest rates.
The Fed tripped up the dollar's rally and may have pushed the greenback into a short-term correction with its forecasts for a slower pace of rate hikes, strategists say.
Stocks surged, bond yields fell and the dollar weakened as the Fed sent an unexpectedly dovish message to markets, shaving the pace of anticipated rate hikes.
NEW YORK, March 18- U.S. Treasuries yields sank on Wednesday, with short-dated note yields posting their biggest daily declines in six years, after investors interpreted the latest Federal Reserve statement and comments from Fed Chair Janet Yellen as dovish. "The market was expecting a dovish outcome, but this was more than the market expected," said Priya Misra,...
March 18- The Federal Reserve has proved once again that investors can ditch the dog: they have a friend in the U.S. central bank. Fed Chair Janet Yellen even did U.S. companies, and their stockholders, a favor by drawing a line between the strong dollar and suppressed exports and inflation. "The word' patient' was removed, but the meaning of patient remained," Ward...
March 18- The U.S. central bank's internal watchdog is probing an alleged leak of confidential information from a 2012 meeting, Federal Reserve Chair Janet Yellen confirmed on Wednesday in her first public comments on the matter. In early October 2012, Medley Global Advisors told its clients the details of a key Fed meeting a day before the Fed released its own...
WASHINGTON, March 18- The Federal Reserve on Wednesday moved a step closer to hiking rates for the first time since 2006, but downgraded its economic growth and inflation projections, signaling it is in no rush to push borrowing costs to more normal levels. "Just because we removed the word' patient' from the statement doesn't mean we're going to be impatient," Fed...
The Fed made big news Wednesday when it hinted at looming interest rate hikes. Here's how the market reacted -- in real time.
The read on markets and the Fed, with Jim Bianco of Bianco Research, and Peter Boockvar, Lindsey Group. Boockvar says the Fed is "completely winging it."
U.S. stocks closed sharply higher as investors cheered the Fed's statement that indicated a rate hike would come later rather than sooner.
Dissecting the market's reaction to the Fed's statement and its removal of "patience," with CNBC Senior contributor Larry Kudlow; Nathan Bachrach, Simply Money; Greg Ip, Wall Street Journal; and CNBC's Sara Eisen.