Markets are primed for the possibility the Fed will signal it's a step closer to normalizing its super low rate policy. Even so, trading may still be volatile.» Read More
*Ukraine conflict, sanctions darken mood in Europe. Federal Reserve may give clearer hints on when it will hike the cost of borrowing in the United States in the coming week, as struggling Europe braces for a tight vote in Scotland on whether to leave the United Kingdom.
MILAN- EU finance ministers and central bankers meet in Milan. ECB President Mario Draghi, Vice President Vitor Constancio and ECB Supervisory Board Chair Daniele Nouy to attend. PARIS- Chinese Vice Premier Ma Kai to chair the second China-France High-Level Economic and Financial dialogue in France with French Finance Minister Michel Sapin.
WASHINGTON— The Federal Reserve has created a new committee headed by the central bank's No. 2 official tasked with monitoring potential threats to the nation's financial system. The new Committee on Financial Stability will be headed by Fed Vice Chairman Stanley Fischer.
SAN FRANCISCO, Sept 12- The Federal Reserve will drop its promise to keep rates near zero for a "considerable time" after it ends its bond-buying program, paving the way for a first Fed rate hike in June 2015, a top Wall Street economist predicted on Friday.
LONDON, Sept 12- The dollar was on track for its longest winning streak in 17 years on Friday, hitting multi-month highs against its Australian and Canadian counterparts, as investors bet the U.S.
*Sterling steadies after latest Scotland poll. LONDON, Sept 12- The dollar index headed for its longest winning streak since 1997 on Friday, as the greenback hit a six-year peak against the yen on growing expectations that the U.S.
Sept 11- The drop in U.S. workforce participation since the financial crisis is largely due to the aging of the American population and will not reverse even if labor markets improve, a paper to be presented at a Brookings Institution conference on Friday says.
Discussing next week's FOMC statement by Janet Yellen, Paul McCulley, Pimco chief economist, discusses the two key phrases the Fed must change before they hike rates.
NEW YORK, Sept 11- The U.S. dollar dipped from six-year highs against the yen on Thursday, and the dollar index fell slightly but remained on track to post its ninth consecutive week of gains. The greenback was slightly weaker as Treasuries yields fell after President Barack Obama authorized airstrikes for the first time in Syria and more strikes in Iraq.
NEW YORK, Sept 11- The U.S. dollar retreated from six-year highs against the yen after data showed that more Americans filed for unemployment benefits last week, though the dollar index remained on track to post its ninth consecutive week of gains.
* "Considerable time" language under the microscope. A strong run of U.S. economic data has led Fed Chair Janet Yellen and other top officials to acknowledge the possibility they may need to raise rates sooner than they thought just a few months ago, although a surprisingly soft reading on jobs growth in August could provide some breathing room.
Obama told Americans in a speech late on Wednesday that he had authorized U.S. air strikes for the first time in Syria and more attacks in Iraq in a broad escalation of a campaign against the Islamic State militant group.
Obama will deliver a speech late on Wednesday in which he will vow to attack Islamic State militants "wherever they exist," lay out a strategy for expanding U.S. air strikes in Iraq and, for the first time, strike targets in Syria.
David Bianco, Deutsche Bank, and William Lee, Citi's North America Economics, discuss when the Fed is likely to hike interest rates and its impact on the markets.
The bond market is starting to give the stock market agita, and focus could remain on interest rates Wednesday as traders try to handicap the Fed's next move.
Discussing if markets should be concerned by the Fed moving up its rate hike timeline, with CNBC's Steve Liesman and Jeff Cox. Liesman says the dissonance between the market and the Fed is a reason why Yellen may need to "kick" the bond market.
WASHINGTON, Sept 9- A top Federal Reserve official on Tuesday warned the biggest U.S. banks they will soon face capital surcharges that exceed international standards, a move he said could encourage some firms to shrink.
Pimco's Paul McCulley believes the Federal Reserve has a direct desire to pump up the U.S. stock market, even if it won't acknowledge so explicitly
The number of U.S. job openings in July held near the highest level in 13 years, and companies increased hiring, both signs of a healing job market.
WASHINGTON— The number of U.S. job openings remained near the highest level in 13 years in July, and companies also stepped up hiring that month to the fastest pace in nearly seven years, two signs the job market is slowly healing. The tally of available jobs ticked down 2,000 to 4.673 million in July, from 4.675 million in June, the Labor Department said Tuesday.