Speeches by several Fed officials overnight reinforced expectations of an early taper. CNBC's Deirdre Wang Morris explains their comments.» Read More
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.
The November jobs report confirms the economy is improving, but not enough to push the Fed to remove stimulus this month.
CNBC's Jim Cramer and Carl Quintanilla discuss the jobs report and if the positive numbers will cause the Fed to scale back its bond purchasing program.
Charles Plosser, Philadelphia Fed president, discusses his outlook on the economy and weighs in on Fed policy. I was not a fan of this QE program in the first place, Plosser said. It would be wise if we began to get rid of this program, he added.
Charles Plosser, Philadelphia Fed president, shares his reaction to the latest employment numbers from the Labor Department. I don't get too excited over one number, Plosser added.
WASHINGTON, Dec 6- U.S. employers hired more workers than expected in November and the jobless rate fell to a five-year low of 7.0 percent, which could fan speculation the Federal Reserve could start reducing its bond purchases this month. Nonfarm payrolls increased by 203,000 new jobs last month, the Labor Department said on Friday.
Mark Zandi, Moody's Analytics, and Gary Stern, former Minneapolis Fed president, share their predictions on this morning's jobs report and its likely impact on the Fed's tapering decision. And Christian Weller, Center for American Progress, weighs in on whether the Fed is hurting or helping the wealthy.
Jared Bernstein, Center for Budget & Policy Priorities and Arthur Brooks, American Enterprise Institute, discuss the impact of a minimum wage hike on the economy. A strong employment economy is the best anti-poverty tool there is, said Bernstein.
*J.C. Penney gets letter of inquiry from SEC. *Sears Holdings to spin off Lands' End business. NEW YORK, Dec 6- U.S. stock index futures rose on Friday, putting the S&P 500 on track to snap a five-session losing streak, ahead of a key monthly payrolls report that may affect expectations for when the Federal Reserve will begin to wind down its stimulus.
Gary Stern, former Minneapolis Fed president, and Arthur Brooks, American Enterprise Institute, break down the numbers on jobs and provide their take on the economic recovery. We are experiencing an asymmetrical recovery, Brooks said.
LONDON, Dec 6- The dollar rose and government borrowing costs from Japan to Germany hovered around fresh highs on Friday, on expectations of strong U.S. data that would back the case for an imminent scaling-back of Federal Reserve stimulus.
John Lonski, Moody's Capital Markets, and Lee Partridge, Salient Partners, provide a preview of this morning's employment numbers and how the results will likely impact the Fed's decision on when to begin quantitative easing.
LONDON, Dec 6- Crowded junk corporate bond markets may be most vulnerable to what could be the main outlying risk of 2014: a Federal Reserve that is slow to withdraw monetary stimulus and forced to play catch-up.