Markets are awaiting a more hawkish tone from the Fed, but maybe not from Yellen when she addresses the Jackson Hole symposium.» Read More
*China flash PMI hits 3- mth low, Aussie slips. SYDNEY/ TOKYO, Aug 21- The U.S. dollar traded at 11- month highs against a basket of major currencies early on Thursday, having been given a second wind after minutes of the Federal Reserve's July meeting sounded slightly hawkish.
*Dollar index races to fresh 11- month highs. *China flash PMI survey next in focus. SYDNEY, Aug 21- The U.S. dollar traded at 11- month highs against a basket of major currencies early on Thursday, having been given a second wind after minutes of the Federal Reserve's July meeting sounded slightly hawkish.
*Home Depot lifts the Dow; rival Lowe's rebounds. *Target bounces back; American Eagle rallies. NEW YORK, Aug 20- U.S. stocks ended mostly higher on Wednesday, with the S&P 500 just missing a record close, after minutes from the Federal Reserve's July meeting gave investors reason to believe that the central bank is in no rush to raise interest rates.
*Wall Street rebounds on Fed minutes, dollar rallies. NEW YORK, Aug 20- Global equity markets rose on Wednesday after minutes from the Federal Reserve indicated there is no rush to bring forward plans to raise interest rates in the future, reversing earlier declines that were driven by hints from the Bank of England of an early rate hike.
*Eyes on Jackson Hole summit starting Thursday. NEW YORK, Aug 20- The U.S. dollar hit fresh multi-month highs against a basket of major currencies on Wednesday after minutes from the Federal Reserve's July policy meeting signaled the potential for an earlier-than-expected hike in interest rates.
*Fed minutes say surprised about quick progress in U.S. job market. NEW YORK, Aug 20- U.S. "The Fed came out with a hawkish tone in its minutes and people's perception is that the Fed will move soon on rates," said Tom di Galoma, head of fixed income rates and credit trading at ED&F Man in New York.
*Two Bank of England policymakers voted to raise rates. NEW YORK/ LONDON, Aug 20- Gold prices fell on Wednesday as the dollar rallied on economic optimism after the minutes of the Federal Reserve's latest meeting showed the U.S. central bank has seen progress in the U.S. labor market.
Insight to the market's reaction to the Fed minutes, with John Canally, LPL Financial economist and vp.
Reacting to the Fed's minutes, and whether it's time to think about a rate hike in spring, with JPMorgan Chase International Chairman Jacob Frankel.
WASHINGTON— Some Federal Reserve officials think the U.S. economy is improving fast enough that the Fed will need to act sooner than previously thought to slow the extraordinary support it's been providing through ultra-low interest rates.
CNBC's Steve Liesman reports the Fed minutes reveal insight into the debate at the Federal Reserve over the timing of raising interest rates.
The Fed's annual gathering will look at how much slack there is among the unemployed, part-timers and those who stopped looking for work.
WASHINGTON— Janet Yellen has won credit for guiding the Federal Reserve's first six months of transition from the Ben Bernanke era. Bernanke's Fed had steered the economy through a deep crisis by slashing interest rates and restoring confidence in banks.
NEW YORK, Aug 20- U.S. Looks like we are continuing that move ahead of the Fed minutes today, "said Ellis Phifer, market strategist at Raymond James in Memphis, Tennessee. Some of the Fed's counterparts at the Bank of England voted unexpectedly to raise interest rates this month, according to minutes of the BOE's policy meeting of Aug. 6-7.
The time has come for the Fed to get off its zero-rate policy, says economist Craig Dismuke. Here are five reasons why.
Matt Maley, Miller Tabak & Co., and CNBC's Rick Santelli, discuss foreign exchange and how markets will react to Fed Chair Janet Yellen's speech at Jackson Hole.
CNBC's Steve Liesman previews Fed Chair Janet Yellen's speech in Jackson Hole, where the big topic is slack in the labor market. Liesman also reveals the results from CNBC's Fed policy survey.
LONDON, Aug 20- Gold prices steadied after a two-day losing streak on Wednesday, as equity markets dropped but remained well below the $1,300 mark as the dollar hit its highest in nearly a year against a currency basket on growing optimism over the U.S. economy.
CNBC's Rick Santelli discusses the latest action in the bond market, and the U.S. dollar.
CNBC's Steve Liesman, reveals the results of CNBC's Fed survey which shows Wall Street expects a long, slow rate hike which should begin in July of 2015.