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  • NEW YORK, Dec 5- U.S. "This supports the view that the Federal Reserve will start hiking rates in the middle of next year," said Mohamed El-Erian, chief economic advisor at Allianz in Newport Beach, California. Treasuries, and traders shifted bets on Federal Reserve's first round of interest-rate increases to July 2015, compared with September 2015 before the report.

  • WASHINGTON, Dec 5- U.S. employers added the largest number of workers in nearly three years in November and wages increased, a sign of strength in the economy that could draw the Federal Reserve closer to raising interest rates. Nonfarm payrolls surged by 321,000 last month, the most since January 2012, the Labor Department said on Friday. "I think it will put...

  • NEW YORK, Dec 5- U.S. stock index futures were mixed in volatile trading on Friday after November payrolls came in much stronger than anticipated, raising expectations a rate hike from the Federal Reserve may come sooner than previously thought. The U.S. dollar strengthened across the board and short-term interest-rate futures traders were pricing in the...

  • WASHINGTON, Dec 5- U.S. employers added the largest number of workers in nearly three years in October and wages increased, which could bring the Federal Reserve closer to raising interest rates. Nonfarm payrolls surged by 321,000 last month, the most since January 2012, the Labor Department said on Friday. November marked the 10th straight month that job growth...

  • You won't believe how much pop-up shops make Friday, 5 Dec 2014 | 7:00 AM ET
    Shoppers browse the various Holiday shops in Bryant Park, New York City.

    While the retail spaces are small and temporary, pop-up shops are popular and can rake in big bucks during the key holiday shopping season.

  • The dollar hit a seven-year high of 120.335 yen in early European trading, helped by a Wall Street Journal report that simulations by Federal Reserve economists suggest it would be best to raise interest rates promptly. Unlike the United States, Europe, China and Japan are all losing momentum, slowdowns that are weighing on stock markets. Germany's Bundesbank...

  • DIARY - Top Economic Events to Dec 17 Thursday, 4 Dec 2014 | 7:01 PM ET

    WASHINGTON- Federal Reserve Bank of Cleveland President Loretta Mester gives a morning keynote before the 2014 Financial Stability Conference hosted by the Federal Reserve Bank of Cleveland and the Office of Financial Research- 1345 GMT. WASHINGTON- U.S. Treasury Office of Financial Research Director Richard Berner gives a luncheon speech before the 2014...

  • WASHINGTON, Dec 4- The Federal Reserve lacks complete data on various parts of the financial system, which presents a challenge as the central bank ramps up its effort to ensure financial stability, a top Fed official said on Thursday. "We don't even really have complete data on the various, different parts of the financial system yet. There are still some...

  • WASHINGTON, Dec 3- The Federal Reserve is only in the early stages of developing a set of macroprudential tools to ensure financial stability and faces limits because of the divided nature of U.S. financial sector oversight, Fed governor Lael Brainard said on Wednesday. "While the Federal Reserve has an inherent responsibility for financial stability, it has an...

  • CHARLOTTE, N.C., Dec 3- The Federal Reserve is at risk of letting too much data put it "behind the curve" on raising interest rates, a top Fed official said on Wednesday, adding that inflation pressures would build the longer the central bank waited for "lift-off." "We're always going to get more data. And if you allow that to freeze your policy-making process, you're always...

  • WASHINGTON, Dec 3- U.S. economic activity continued to expand in October and November, with lower gasoline prices boosting consumer spending, the Federal Reserve said on Wednesday. "In early November, oil and gas exploration activity decreased in North Dakota and increased in Montana relative to a month earlier; production remained at record levels," the Fed said. "

  • Dec 3- U.S. health regulators on Wednesday approved an Amgen Inc drug that helps the immune system fight a rare type of leukemia, more than five months ahead of the expected decision date. Anthony Stein, professor of hematology at City of Hope outside Los Angeles who worked on clinical trials of blinatumomab, called the approval "very important" for patients.

  • Dec 2- The U.S. Food and Drug Administration changed the rules governing how prescription drugs and biologics used during pregnancy and breastfeeding are labeled. The decision, which has been in the works since 2008, will impact more than 6 million pregnancies in the United States involving women who, on average, need to take three to five prescription drugs...

  • WASHINGTON, Dec 3- U.S. economic activity continued to expand in October and November, with lower gasoline prices boosting consumer spending, the Federal Reserve said on Wednesday. In its Beige Book report of anecdotal information on business activity collected from contacts nationwide on or before Nov. 24, the U.S. central bank said a number of its districts...

  • WASHINGTON, Dec 3- The U.S. Federal Reserve is only in the early stages of developing a set of macroprudential tools to ensure financial stability, and faces limits because of the divided nature of U.S. financial sector oversight, Fed governor Lael Brainard said on Wednesday. Her remarks at the Brookings Institution are the most detailed to date by a Fed...

  • CHARLOTTE, N.C., Dec 3- Philadelphia Federal Reserve Bank President Charles Plosser said on Wednesday the reason he did not dissent at the U.S. central bank's last policy-setting meeting was because of the addition of "data-dependent" language to the Fed policy statement. At its Oct. 28-29 meeting, the Fed decided to retain its guidance that overnight borrowing...

  • CHARLOTTE, N.C., Dec 3- The Federal Reserve's policy of keeping interest rates at near zero is unprecedented and risky, a top Fed official said on Wednesday, given that inflation is heading toward the central bank's goal and the U.S. economy is approaching full employment. Philadelphia Federal Reserve Bank President Charles Plosser said the Fed's preferred...

  • NEW YORK, Dec 3- The U.S. dollar demonstrated broad-based strength on Wednesday, bolstered by more upbeat comments on the U.S. economy by a Federal Reserve official ahead of a European Central Bank meeting that may result in more monetary easing measures. "The forcefulness of these moves in the dollar are being driven by Fed rate rise expectations but also perhaps...

  • VA scandal: Whistleblowers get 'corrective action' Wednesday, 3 Dec 2014 | 9:00 AM ET
    New homes in Vienna, Virginia

    Katherine Mitchell, Phyllis Hollenbeck and Charles Sherwood named Public Servant of the Year in uncovering of problems in patient care.

  • U.S. Q3 productivity revised up, wages slashed Wednesday, 3 Dec 2014 | 8:30 AM ET

    WASHINGTON, Dec 3- U.S. nonfarm productivity grew a bit faster than initially thought in the third quarter, while sharp downward revisions to compensation pointed to muted wage inflation that should give the Federal Reserve room to keep interest rates low for a while. The Labor Department said on Wednesday productivity expanded at a 2.3 percent annual rate...