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*Yellen affirms view U.S. jobless rate understates slack. JACKSON HOLE, Wyo., Aug 22- The Federal Reserve should move cautiously in deciding when to raise interest rates given the U.S. labor market remains bruised from the Great Recession, Fed Chair Janet Yellen said on Friday amid calls from policy hawks for a near-term rate hike.
NEW YORK, Aug 22- Stocks ended mostly lower on Friday as Ukraine- Russia tensions reignited and remarks from Federal Reserve Chair Janet Yellen failed to give investors any clues on interest rate hikes. He called on Russia to "stop destabilizing Ukraine.
*Fed's Yellen seen as more balanced in her Jackson Hole speech. NEW YORK, Aug 22- The dollar rose to its highest in more than 11 months against a basket of currencies on Friday after Federal Reserve Chair Janet Yellen came out more balanced than expected on her views about the U.S. economy and monetary policy in remarks to central bankers.
JACKSON HOLE, Wyo, Aug 22- European Central Bank chief Mario Draghi is confident that stimulus steps announced in June, helped by a weaker euro, will boost demand in the ailing euro zone economy, but stressed on Friday that the central bank stands ready to do more.
JACKSON HOLE, Wyo., Aug 22- The Federal Reserve is "mired" in debate over corners of the U.S. labor market that it has little chance of improving, and it should instead prepare the public for an interest-rate rise, a Fed official known for his hawkish views said on Friday.
NEW YORK, Aug 22- Wall Street and other stock markets paused while the dollar rose on Friday after Federal Reserve Chair Janet Yellen said policymakers eyeing interest rate hikes need to move cautiously, while worsening Ukraine tensions dogged trading.
*Russia aid convoy crossed border without OK, Ukraine says. Ukraine declared on Friday that Russia had launched a "direct invasion" of its territory after Moscow sent a convoy of trucks across the border into eastern Ukraine.
JACKSON HOLE, Wyo., Aug 22- Federal Reserve Chair Janet Yellen called for a "pragmatic" approach to U.S. monetary policy on Friday, amid calls by hawkish members of the central bank's policy committee for a quick rise in interest rates due to tightening labor markets and inflationary risks.
U.S. crude for October was down 87 cents at $93.11 a barrel by 11:13 a.m. EDT. "I think the market is still reflecting on the big build in Cushing this week," said Dominick Chirichella, senior partner at Energy Management Institute.
NEW YORK/ LONDON, Aug 22- Gold prices edged up on Friday as U.S. equities slipped, but gains were limited by fears over deflation after Federal Reserve Chair Janet Yellen said U.S. labor markets remain hampered by the effects of the Great Recession. Gold prices continued to hover just above a two-month low reached on Thursday.
*Russian aid convoy enters Ukraine without permission. *EU, Nato condemn action but Ukraine says will not use force. The latest development in the Ukraine crisis, which has led Russia and the West to impose economically damaging sanctions on each other, initially prompted investors to seek refuge in top-rated assets.
*European shares wobble as Russia convey enters Ukraine. NEW YORK, Aug 22- The high-flying dollar moved higher again on Friday after Federal Reserve Chair Janet Yellen said the worrisome U.S. labor markets requires policymakers to move cautiously when eyeing interest rate hikes. Tensions over Ukraine increased and blunted a European stocks run-up, and U.S.
*Fed's Yellen seen as more balanced in her Jackson Hole speech. *ECB's Draghi also due to speak at Jackson Hole gathering. NEW YORK, Aug 22- The dollar gained on Friday after Federal Reserve Chair Janet Yellen came out more balanced than expected on her views about the U.S. economy in a speech to central bankers.
NEW YORK, Aug 22- U.S. Treasury prices slid modestly on Friday with investors caught between the cautious message over labor markets from Fed Chair Janet Yellen and geopolitical risks from Ukraine crisis that is hampering euro zone economic growth.
*Russia aid convoy crossed border without OK, Ukraine says. NEW YORK, Aug 22- U.S. stocks were little changed on Friday, in the wake of comments from Federal Reserve Chair Janet Yellen.
*Structural shifts in labor market complicating Fed's task- Yellen. *Fed chief calls for "pragmatic" policy approach.
LONDON, Aug 22- European shares briefly pushed into positive territory on Friday as traders pointed to a dovish tone in a speech by U.S. Federal Reserve Chair Janet Yellen at the annual gathering of central bankers in Jackson Hole, Wyoming.
*Structural shifts in labor market complicating Fed's task. *Fed chief calls for "pragmatic" policy approach.
*Gold steady after 5- day losing streak. *Coming up: Fed Chair Yellen speaks at Jackson Hole at 1400 GMT. LONDON, Aug 22- Gold steadied above a two-month low on Friday after a five-day losing streak and was headed for its biggest weekly loss in five, hurt by strong U.S. economic data and speculation the Federal Reserve could raise interest rates sooner than expected.
*Russia aid convoy crossed border without OK, Ukraine says. NEW YORK, Aug 22- U.S. stocks were poised for a flat open on Friday, as futures pared losses after the latest flare of tensions between Ukraine and Russia, and ahead of a speech by Federal Reserve Chair Janet Yellen.