Discussing current market conditions, and the recovery for the rich, with Dennis Gartman of The Gartman Letter; CNBC's Robert Frank and Mary Thompson; and Andrew Stoltman of Stoltman Law Offices.» Read More
NEW YORK, Dec 20- When the Federal Reserve first started talking about cutting its massive stimulus earlier this year, emerging-market currencies went into a tailspin. The Fed cuts started this week when it reduced its monthly bond-buying to $75 billion from $85 billion.
But Eric Rosengren, president of the Federal Reserve Bank of Boston, who cast his first dissenting vote since 2007 on Wednesday, still believes the economy will improve and the Fed will end the bond buying sometime late in 2014..
*Senate votes 59-34 to move forward with nomination. WASHINGTON, Dec 20- Janet Yellen, an unwavering advocate of the Federal Reserve's aggressive steps to boost the U.S. economy, on Friday took a big step toward becoming the first woman to chair the central bank as her nomination cleared a Republican procedural hurdle in the Senate.
In comments posted on his website less than 48 hours after he cast his lone dissent against the decision, Boston Federal Reserve Bank President Eric Rosengren said he expects the U.S. economy to continue to strengthen and for growth to be close to 3 percent next year.
*Senate votes 59-34 to move forward with nomination. WASHINGTON, Dec 20- Janet Yellen, an unwavering advocate of the Federal Reserve's aggressive steps to boost the U.S. economy, on Friday took a big step toward becoming the first woman to chair the central bank as her nomination cleared a Senate procedural hurdle.
FED TO TRIM MONTHLY BOND PURCHASES BY $10 BLN WITH EACH FOMC MEET NEXT YEAR- 55 OF 60 ECONOMISTS.
WASHINGTON, Dec 20- Janet Yellen, an unwavering advocate of the Federal Reserve's aggressive steps to boost the U.S. economy, on Friday took a big step toward becoming the first woman to head the central bank as her nomination cleared a Senate Republican procedural hurdle.
Dec 20- Janet Yellen's nomination to be the next chair of the Federal Reserve cleared a Republican procedural hurdle in the U.S. Senate on Friday, putting her on course to win confirmation early next year. She would succeed Ben Bernanke when his term as chairman expires on Jan. 31.
Dec 20- Janet Yellen cleared a key Senate procedural hurdle on Friday that all but assures her place as the next chair of the Federal Reserve as it begins to map its way out of unconventional policy territory. The Senate voted to move forward with Yellen's nomination, and final approval is expected on Jan. 6.
One effect of the Fed's scaling back its bond-buying program: a stronger dollar. The bullish calls are already heating up.
Dec 20- Janet Yellen on Friday cleared a key Republican hurdle to succeed Ben Bernanke as chair of the Federal Reserve, putting her on course to head the world's most influential central bank as it attempts to finally move on from an era of economic crisis.
CNBC's Bob Pisani and Art Cashin, of UBS, discuss what's moving today markets. With the S&P 500 crossing the 1,820 mark, theoretically that should give the market "legs for a couple of weeks," adds Cashin.
CNBC's Rick Santelli and former Commerce Secretary Carlos Gutierrez, discuss the taper's effect on energy, and comments on the new immigration system.
Gold settled higher on Friday, after an early dip to a six-month low, but is still on track for its largest annual loss in 32 years.
NEW YORK, Dec 20- Longer-dated Treasuries rose in price on Friday as yields near the upper end of their recent range drew buyers and as the market adjusted to the idea that the Federal Reserve would begin to trim its bond purchases at the start of the new year.
Neil Hennessy, Hennessy Funds portfolio manager & CIO, and Barry Knapp, Barclays head of U.S. equity portfolio strategy, discuss how the market is trading despite its immediate reaction to the taper.
CNBC's Jim Cramer and Scott Wapner discuss the growth of the U.S. economy and how the Fed's decision is influencing consumer spending.
Margaret Kelly, RE/MAX CEO, shares her thoughts about rising interest rates and its likely impact on the housing sector. Builders are very confident in the recovery after the 22 percent jump in housing starts, says Kelly.
The U.S. Senate reset a test vote on Janet Yellen as chair of the Federal Reserve for Friday, with an anticipated vote scheduled for Jan. 6.
The Federal Reserve's move to slow its stimulus will ripple through the economy. But exactly how it will affect you depends on who you are.