The U.S. dollar edged lower against a basket of major currencies on Friday after comments from Federal Reserve Chair Janet Yellen.» Read More
CNBC's Steve Liesman compares the data on job growth versus weak wages ahead of the Fed's policy announcement later this afternoon.
*Sterling sinks after BoE minutes, decline in wage growth. *Dollar steady as Fed meeting winds up. LONDON, March 18- Sterling fell as the Bank of England waded into the debate over the relative value of major currencies on Wednesday, warning about its impact on inflation before a Federal Reserve meeting that may yet do the same.
Krishna Guha, ISI Group vice chairman, and Charles Rotblut, AAII vice president, provide their thoughts on Fed policy going forward.
NEW YORK, March 18- U.S. stock index futures fell on Wednesday ahead of a highly anticipated statement and news conference by the Federal Reserve later in the session, with the Fed expected to give clearer clues on how soon it plans to tighten monetary policy. *A Fed statement is due at 2:00 p.m. EDT, with a press conference by Chair Janet Yellen half an hour later.
Jim Grant, Grant's Interest Rate Observer, is sounding the alarm on Fed's monetary policy. The Fed can change the way things look but not what things are, says Grant.
Dollar strength and disappointing economic data will prevent the Fed from raising rates in 2015, "Dr. Doom" Marc Faber tells told CNBC.
Jeffrey Rosenberg, BlackRock, provides perspective on how the Fed's rate decision will likely impact markets, wages, and the outlook on inflation.
CNBC's Steve Liesman provides a preview of the Fed's statement on interest rates following the FOMC meeting Wednesday afternoon.
The Federal Reserve won't mention this topic in its official statement Wednesday.
*European shares follow Asia higher. *Brent crude dips towards $53 a barrel on supply. If we get that and a measured message on the dollar's impact on inflation then, given the slight retracement we have seen in the first half of this week, I think the dollar will do well, "said Michael Sneyd, a currency strategist with BNP Paribas in London.
WASHINGTON, March 18- The Federal Reserve on Wednesday is expected to lay the groundwork for its first interest rate hike in nearly a decade, as it continues to weigh whether the U.S. recovery can hold up against collapsing oil prices and a soaring dollar. The economic data, however, have been muddy- strong job creation, continued growth, and generally healthy...
WASHINGTON— The Federal Reserve signaled Wednesday that it needs to see further improvement in the job market and higher inflation before it raises interest rates from record lows. Dan Greenhaus, chief strategist at BTIG, said the Fed's statement Wednesday lowered the odds of mid-year rate hike. Patrick Maldari, a senior fixed-income specialist at Aberdeen...
MELBOURNE, March 18- London copper was steady on Wednesday, braced for further dollar strength ahead of the outcome of a Federal Reserve meeting expected to yield clues on the timing of a U.S. interest rate hike, while tepid consumer demand in China offered some support. *Three-month copper on the London Metal Exchange was flat at $5,787 a tonne by 0113 GMT,...
TOKYO, March 18- Asian stocks dipped and the dollar marked time on Wednesday, with markets fixed on the Federal Reserve's policy statement due later in the session for clues to when the Fed will hike interest rates. MSCI's broadest index of Asia-Pacific shares outside Japan dipped 0.1 percent, tracking Wall Street shares which fell overnight as nervousness...
SINGAPORE, March 18- Gold hovered near its lowest level in more than four months on Wednesday ahead of the conclusion of a Federal Reserve meeting that may stoke expectations for a mid-year hike in U.S. interest rates. *Spot gold was little changed at $1,150.30 an ounce by 0029 GMT, not far above Tuesday's trough of $1,142.86- its lowest since Nov. 7.
LONDON- Bank of England to publish minutes of its March policy meeting- 0930 GMT. STOCKHOLM- Bank and Finans Outlook 2015. Sweden's Riksbank Governor Stefan Ingves and Sweden's Finance Minister Magdalena Andersson will attend. FRANKFURT- European Central Bank board member Benoit Coeure speaks at the ILF conference on "What is the Goal of the Capital Markets...
John Carey, executive vice president and portfolio manager of Pioneer Investments, expects the Fed to issue a statement that will give it "flexibility to respond to data" amid an improving U.S. economy.
Jim Cramer thinks this group will be on fire if you believe that the Fed will no longer be patient with rates.
Jeffrey Frankel, professor of Capital Formation and Growth at the Harvard Kennedy School, says the Fed will likely drop its "patient" promise on Wednesday, but it doesn't mean a rate hike is coming in June.
SYDNEY, March 18- The dollar stood steady in Asia on Wednesday just hours before the Federal Reserve was expected to take a major step toward lifting interest rates for the first time in almost nine years. A Fed statement is due at 1800 GMT, followed half an hour later by a press conference with Chair Janet Yellen. "Our baseline view is that the Fed can start its...