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Janet Yellen

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  • NEW YORK, Feb 27- The dollar index dipped on Friday on month-end selling but remained on track for a record eighth month of gains on improving U.S. data and comments from Federal Reserve officials that bolstered bets for a interest rate rise later this year. "The trend is still in place to support the dollar," said Eric Viloria, currency strategist at Wells Fargo...

  • *Gold up 1 pct on week, could end 4- week losing streak. LONDON, Feb 27- Gold rebounded on Friday as mixed U.S. data tempered expectations of a Fed rate hike this year, but was still set for its biggest monthly loss since September on a steady dollar and a near seven-year high for European shares. Gold has fallen around 7 percent from a five-month high above $1,300 an ounce...

  • Q4 GDP revised lower to 2.2 pct. NEW YORK, Feb 27- U.S. That marked a downward revision from the 2.6 percent pace estimated last month, the Commerce Department said.

  • Feb 27- Fund managers in the United States raised their recommended exposure to North American debt to the highest in nearly four years in February, but made minor changes to their overall global model portfolios, a Reuters poll showed. "The U.S. economy will continue to grow but probably not at as fast a pace as in the last two quarters I think the Fed will be very...

  • US economic growth in Q4 revised down to 2.2 percent Friday, 27 Feb 2015 | 8:34 AM ET

    WASHINGTON— The U.S. economy slowed more sharply in the final three months of the year than initial estimates, reflecting weaker business stockpiling and a bigger trade deficit. The Commerce Department said Friday that the economy as measured by the gross domestic product grew at an annual rate of 2.2 percent in the October-December quarter, weaker than the...

  • *Gold up 0.3 pct on week, could end 4- week losing streak. LONDON, Feb 27- Gold steadied on Friday, due to a softer dollar, but was heading for its biggest monthly loss since September as European shares traded near seven-year highs and upbeat U.S. data supported expectations of a rate hike by the Federal Reserve this year. Gold has fallen more than 7 percent from a...

  • Ahead of the Bell: US economy-GDP Friday, 27 Feb 2015 | 6:56 AM ET

    WASHINGTON— The Commerce Department issues its second of three estimates of how fast the U.S. economy grew in the October-December quarter. The report will be released Friday at 8:30 a.m. Eastern. SLOWER GROWTH: The expectation is that the overall economy grew at an annual rate of 2.1 percent in the fourth quarter, according to a survey of economists conducted...

  • *Gold up 0.3 pct on week, could end 4- week losing streak. LONDON, Feb 27- Gold edged down on Friday and was heading for its biggest monthly loss since September as European shares traded near seven-year highs and upbeat U.S. data supported expectations of a rate hike by the Federal Reserve this year. Gold has fallen more than 7 percent from a five-month high above...

  • TOKYO/ SINGAPORE, Feb 27- The dollar took a breather after surging to a one-month high against a basket of currencies the previous day as U.S. economic data and comments from Federal Reserve officials prompted investors to raise their bets on a rate increase. The euro edged up 0.1 percent to $1.1213, but remained not far from a one-month low of $1.1184 touched on...

  • *Gold down nearly 6 pct in Feb, biggest monthly loss since Sept. SINGAPORE, Feb 27- Gold advanced for the third session on Friday and was on track to end a four-week losing streak, supported by firm Chinese demand and a change in views on U.S. interest rates, with some again betting that an increase would not be delayed. Gold has fallen more than 7 percent from a five-month...

  • *Rest of Asia stocks sag after Wall St dips on sharp oil fall. MSCI's broadest index of Asia-Pacific shares outside Japan slipped 0.3 percent after advancing to a five-month high on Wednesday. But shares in Australia and Hong Kong nudged higher.

  • SINGAPORE, Feb 27- Gold advanced for a third session running on Friday and was on track to end a four-week losing streak, supported by a softer dollar and hopes that the U.S. central bank will not rush to raise interest rates. *Spot gold was up 0.2 percent at $1,210.60 an ounce by 0042 GMT, having touched a one-week high of $1,220 on Thursday. It regained some lost ground...

  • TOKYO, Feb 27- The dollar took a breather in Tokyo on Friday after surging to a one-month high against a basket of currencies overnight as U.S. economic data and comments from Federal Reserve officials prompted investors to raise their bets on a rate increase. The euro edged up about 0.1 percent in Asian trade to $1.1197, but remained not far from a one-month low of...

  • *Rest of Asia stocks sag after Wall St dips on sharp oil fall. The rest of Asian equity markets lagged Japan after a sharp pullback in oil prices dulled risk appetite and sent Wall Street lower overnight. MSCI's broadest index of Asia-Pacific shares outside Japan was down 0.3 percent, with South Korean and Australian shares posting light losses.

  • DIARY-Top Economic Events to March 12 Thursday, 26 Feb 2015 | 7:01 PM ET

    NEW YORK- Federal Reserve Bank of Cleveland President Loretta Mester, Federal Reserve Bank of New York President William Dudley, Federal Reserve Vice Chair Stanley Fischer, former Federal Reserve chair Ben Bernanke and Bank of Japan Deputy Governor Hiroshi Nakaso participate in the U.S. Monetary Policy Forum 2015 Annual Conference sponsored by the...

  • Greenspan: Effective demand weak as Depression-era Thursday, 26 Feb 2015 | 6:03 PM ET
    Alan Greenspan

    Effective demand is extraordinarily weak, probably tantamount to the later stages of the Great Depression, Alan Greenspan said.

  • CPI in biggest drop since 2008; core inflation rises. NEW YORK, Feb 26- Global equities dipped on Thursday as investor enthusiasm was dampened by a pullback in oil prices related to rising inventories, while the dollar rose as economic data drove expectations that the Federal Reserve will raise interest rates. The MSCI All-Country World equity index was down 0.2...

  • *Traders focus on higher U.S. core CPI for January. *Seven-year note auction meets with soft demand. NEW YORK, Feb 26- U.S.

  • Dollar reaches 1-month high on data, Fed remarks Thursday, 26 Feb 2015 | 4:01 PM ET
    Janet Yellen

    The dollar rose to a one-month high as data on U.S. inflation and business orders and Fed officials' remarks.

  • NEW YORK, Feb 26- The dollar rose to a one-month high against a basket of currencies on Thursday as data on U.S. inflation and business orders revived confidence in the world's biggest economy and supported bets the Federal Reserve will raise interest rates in the middle of the year. The greenback also received support from San Francisco President John Williams...