The Fed just might have triggered an early look at its dream trade—where short-term yields rise gradually and longer term rates rise more slowly.» Read More
*Wage inflation is already emerging in Texas: Fisher. Sept 19- The United States could be on the verge of a worrisome surge in wages if unemployment continues its downward trend, based on research Dallas Federal Reserve Bank President Richard Fisher presented to his colleagues at the Fed's policy-setting meeting this week.
Parliamentary elections are due next May, with the last-minute pledges made to Scotland in an effort to keep the United Kingdom together expected to complicate the picture. It remains to be seen whether, despite the Scottish vote, investors will now require a greater risk premium to hold UK assets. *Scotland stays in UK, but Britain faces change.
NEW YORK— With Wall Street focused on the debut of Alibaba Group, the stock market drifted into the weekend and major indexes ended little changed. Alibaba gained $25.89 to end at $93.89. Alibaba lined up its initial public offering of stock at $68 a share the day before, raising $21.8 billion from investors.
NEW YORK, Sept 18- The dollar scaled more than six-year peaks against the yen on Thursday after data showed a drop in U.S. claims for jobless benefits last week, reinforcing the market's view that U.S. interest rates will rise earlier than expected.
*Mechanical problems seen with diminished repo facility. *Central bank unveiled longer-term' normalization' plan. NEW YORK, Sept 18- No sooner did the Federal Reserve reveal its plan for eventually tightening U.S. monetary policy than many on Wall Street flagged problems with the mechanics of the strategy, and said more adjustments would have to come.
WASHINGTON— Strong stock market gains and higher home prices boosted Americans' net worth in the April-June quarter to a record high, a trend that could encourage more spending. The Federal Reserve said Thursday that household wealth rose 1.7 percent in the second quarter to $81.5 trillion. Americans' stock and mutual fund portfolios gained $1 trillion.
NEW YORK, Sept 18- The dollar hit a more than six-year peak against the yen on Thursday on data showing U.S. jobless claims fell more than expected last week, while global equity markets rallied after the Federal Reserve again pledged to keep interest rates low.
NEW YORK, Sept 18- The dollar rose to a more than six-year peak against the yen on Thursday, after data showed U.S. jobless claims fell more than expected last week, reinforcing the market's view that U.S. interest rates will rise sooner rather than later.
The Fed avoided a more severe recession but its choices aren't without consequences. It's time to pay up, says Michael Farr.
WASHINGTON— The Great Recession showed that a large number of American families are "extraordinarily vulnerable" to financial setbacks because they have few assets to fall back on, Federal Reserve Chair Janet Yellen said Thursday.
CNBC's Steve Liesman does the math on the Fed's policy statement on Wednesday. And BlackRock's Jeffrey Rosenberg, weighs in.
Record-low interest rates will be around for at least a few more months, the Federal Reserve made clear Wednesday. Enjoy easy money while it lasts.
BlackRock's Jeffrey Rosenberg provides his takeaways from the Fed's policy meeting. The Fed is moving towards normalization, says Rosenberg.
Larry Kantor, Barclays, and Vincent Reinhart, Morgan Stanley, discuss Fed policy and when investors can expect to see more tightening.
Richard Steinberg, Steinberg Global Asset Management, explains why he is not buying shares of Alibaba right now.
Maury Harris, UBS chief U.S. economist, and Richard Steinberg, Steinberg Global Asset Management, weigh in on low interest rates and the Fed's exit strategy.
Bonds sold off as traders read the Fed's new rate forecasts as slightly more aggressive, but dovish comments from Yellen and the Fed statement drove stocks up.
*Scotland's independence vote next focus, sterling volatility jumps. LONDON, Sept 18- The dollar began European trading on Thursday almost 1.5 percent higher against the yen than 24 hours earlier, after the Federal Reserve sent another shock through the global financial system by raising its projections on future interest rates.
WASHINGTON— Record-low interest rates will be around for at least a few more months, the Federal Reserve made clear Wednesday. "Borrowers should see the writing on the wall," said Greg McBride, chief financial analyst at Bankrate.com.
*Scotland's independence vote next focus. SYDNEY/ SINGAPORE, Sept 18- The dollar hit a six-year high against the yen on Thursday after the Federal Reserve's guidance on interest rates highlighted the diverging pathways between the United States and other rich nations. The greenback raced to a high of 108.69 yen, its strongest level since September 2008.