Jon Hilsenrath, The Wall Street Journal, thinks the Fed could taper in the next few weeks. He feels comfortable that whatever the Fed does at the December meeting, Bernanke and Yellen agree on.» Read More
Stocks market stages unexpected reaction after November Jobs Report comes in stronger than expected at 203,000.
Discussing how the Fed may interpret today's jobs data, with Michael Cuggino, Permanent Portfolio Funds, and Steve Auth, Federated Investors.
NEW YORK, Dec 6- The dollar rallied against the yen on Friday after stronger-than-expected U.S. jobs data raised chances the Federal Reserve may start paring its bond buying program sooner than expected. U.S. employers added 203,000 new jobs in November, exceeding expectations, and the jobless rate fell to a five-year low of 7.0 percent, the Labor Department said.
CHICAGO, Dec 6- A top Federal Reserve official said on Friday he was "open-minded" to the idea of reducing the U.S. central bank's bond purchasing stimulus program this month, but he would like to see a stronger labor market first.
CNBC's Kayla Tausche reports regulators are expected to approve a final draft of the Volcker Rule. Cantor Fitzgerald CEO Shawn Matthews, weighs in.
Cantor Fitzgerald CEO Shawn Matthews thinks the equity market can continue to rise. He also thinks growth stocks will continue to do well.
CHICAGO, Dec 6- A top Federal Reserve official said on Friday he would ideally like to see more signs of recovery in the labor market before the U.S. central bank reduces its bond-buying stimulus program, although he was open-minded.
What today's jobs report means to the Federal Reserve, and whether it's finally safe to taper, with CNBC's Steve Liesman and the FMHR traders.
*Wall Street climbs after upbeat U.S. payrolls report. NEW YORK, Dec 6- Global equity markets surged and the dollar rose against the yen on Friday after stronger-than-expected U.S. jobs data boosted the case for the scaling-back of Federal Reserve stimulus later this month.
Jose Wynne, head of foreign exchange research at Barclays, says that Friday's jobs number is not strong enough to trigger an early start to Federal Reserve tapering.
Jack Ablin, BMO Private Bank executive VP & CIO, and David Kelly, JPMorgan Funds chief global strategist, discuss when the Fed will likely taper. "We are going move away from taper and put an emphasis on forward guidance," says Ablin.
Jan Hatzius, Goldman Sachs chief economist, comments on the jobs report , when he expects tapering and discusses his healthy economic outlook for 2014.
Gold dove on the jobs report, then soared. Here's the surprising reason why.
Gold fell after US jobs data beat forecasts, strengthening the case for the Fed to reduce bond purchases soon.
U.S. Treasury bonds gyrated following the all-important non-farm payrolls report for November.
Andrew Burkly, Oppenheimer & Co. head of institutional portfolio strategy, and Michelle Girard, RBS chief economist, talk about the solid jobs report and the taper. Burkly says, "the biggest taper argument is that the Fed doesn't want to send a signal that they will stimulate the equity market forever."
*Fed to buy $4.25 billion to $5.25 billion notes due 2017, 2018. NEW YORK, Dec 6- U.S. "The market reacted pretty violently to the report and I think a lot of people got caught in the hole," said Charles Comiskey, head of Treasuries trading at Bank of Nova Scotia in New York.
Philadelphia Fed President Charles Plosser tells CNBC "it's probably time to gracefully exit" the central bank's quantitative easing bond purchases.
They don't take deposits. They won't lend to businesses or consumers. And yet monetary policy in the United States currently depends on them.
The latest employment figures show the economy added 203,000 jobs in November, while the unemployment rate fell to a five-year low.