CHICAGO, Dec 6- A top Federal Reserve official, who has been one of the most ardent supporters of the U.S. central bank's bond-buying stimulus program, said he was open to curtailing the purchases this month, although he would prefer to wait.» Read More
WASHINGTON, July 23- A federal appeals court on Tuesday partially upheld U.S. Environmental Protection Agency regulations issued by former President George W. Bush's administration that set standards for ozone pollution.
NEW YORK, July 23- The dollar moved off a one-month low against a basket of currencies on Tuesday as investors bet that recent declines were too far, too fast even amid the debate about when the Federal Reserve would begin to slow stimulus measures.
*Treasury to sell $35 billion two-year notes. Treasuries slipped on Tuesday ahead of a sale of $35 billion in two-year notes, the first of $99 billion in new intermediate-dated debt this week, with investors waiting for a Federal Reserve meeting next week that could give key policy clues.
LONDON, July 23- Italian and Spanish 10- year bond yields hit their lowest levels on Tuesday since the last Federal Reserve meeting, when the U.S. central bank laid out plans to scale back monetary stimulus.
LONDON, July 23- The dollar traded near a one-month low against a basket of currencies on Tuesday on expectations Federal Reserve monetary policy will stay loose for some time. "The message has sunk in over the last couple of weeks that the Fed is still on a very accommodative monetary policy path," said Jane Foley, senior currency strategist at Rabobank.
LONDON, July 23- Italian and Spanish 10- year bond yields hit their lowest levels on Tuesday since the last Federal Reserve meeting, when the U.S. central bank laid out plans to reduce monetary stimulus.
TOKYO/ SYDNEY, July 23- The dollar edged lower in Asia on Tuesday as the slide in U.S. The recent fall in U.S. yields came after top Federal Reserve officials, including Chairman Ben Bernanke, stressed that the timing of any reduction to the central bank's $85 billion in monthly purchases would depend on economic data.
SAN FRANCISCO, July 22- Uncertainty over economic policy has made U.S. businesses wary of hiring in recent years, boosting the jobless rate significantly, a paper published Monday by the San Francisco Federal Reserve Bank showed.
President Obama will embark on a campaign-style tour this week, laying out his agenda for reinvigorating the nation’s economy. The New York Times reports.
While the Fed has been debating for years whether to allow banks including Morgan Stanley and JPMorgan to continue owning assets like oil storage tanks or power plants, Friday's surprise statement suggests it is also reconsidering whether all bank holding firms should be able to trade raw materials such as gasoline tankers and coffee beans.
The FAA said it is working with Boeing on instructions for the inspections that are meant to ensure that wires are routed properly and look for pinched wires, unusual moisture or heating. United Airlines is the only U.S. carrier currently flying the 787, so is the only one formally governed by the FAA action.
NEW YORK, July 19- The Federal Reserve is "reviewing" a landmark 2003 decision that first allowed bank holding companies to trade in physical commodity markets, it said on Friday, a move that may send new shudders through Wall Street.
WASHINGTON, July 19- It could take another two years before the U.S. labor market returns to normal, according to research by the Federal Reserve Bank of Kansas City released on Friday, underscoring how far the economy must still go to regain full health.
WASHINGTON, July 18- When Gina McCarthy steps into her new role as administrator of the U.S. Environmental Protection Agency she will face an army of lawyers trying to sway the agency as it writes rules on power-plant emissions that will form the centerpiece of the Obama administration's climate-action plan.
Treasuries prices rose on Friday as disappointing earnings from technology giants Google and Microsoft weighed on stocks, and as the Federal Reserve bought 10- year notes as part of its ongoing purchase program. Google and Microsoft both announced disappointing quarterly results, building some concerns over how far the ongoing equity rally will extend.
SINGAPORE, July 19- Brent held above $108 a barrel on Friday, hovering near a three-month high on hopes of a steady recovery in U.S. demand following strong economic data and reassuring comments from the Federal Reserve on monetary stimulus. Brent crude climbed to an intra-day high of $108.93 per barrel and was unchanged at $108.70 a barrel by 0641 GMT.
SINGAPORE, July 19- Brent rose towards $109 a barrel on Friday, hovering near a three-month high on hopes of a steady recovery in U.S. demand following strong economic data and reassuring comments from the Federal Reserve on monetary stimulus. Brent crude climbed to an intra-day high of $108.93 per barrel and was at $108.75 a barrel by 0541 GMT, up 5 cents.
*China urges local govts to speed up spending. SINGAPORE, July 19- Brent rose towards $109 a barrel on Friday, hovering near a three-month high on hopes of a steady recovery in U.S. demand following strong economic data and reassuring comments from the Federal Reserve on monetary stimilus.
*Morgan Stanley's stock soars after strong results. NEW YORK, July 18- The Dow and the S&P 500 closed at record highs on Thursday after Morgan Stanley and others reported better-than-expected earnings and Federal Reserve Chairman Ben Bernanke's comments further reassured markets.
NEW YORK, July 18- Commodities mostly rose on Thursday, with U.S. crude oil hitting 16- month highs on signs of a stronger economy and gold and copper rebounding after assurances from the Federal Reserve chief that the central bank would taper its stimulus with care.