JACKSON HOLE, Wyo., Aug 22- Reginald Rounds was among those present at the Federal Reserve's high-flying monetary conference here, enjoying the chance to button hole two top officials of the U.S. central bank. The St. Louis resident is neither an economist nor a central banker.» Read More
The stock market paused Friday, following four days of gains, after a speech by Federal Reserve Chair Janet Yellen left investors unclear about the central bank's next move on interest rates. A flare-up in tensions between Ukraine and Russia weighed on the market after a Russian convoy entered the country, purportedly to bring aid supplies.
NEW YORK— More tensions in Ukraine left the stock market slightly lower in quiet trading. Investors were also poring over a speech by Federal Reserve Chair Janet Yellen, which gave few clues about the central bank's next moves on interest rates. Aeropostale plunged 10 percent after forecasting a big loss in the current quarter.
*Pro Farmer sees bigger U.S. corn crop than USDA. CHICAGO, Aug 22- Nearby U.S. soybean futures climbed to a one-week high on Friday as U.S. processors scrambled to find scarce old-crop supplies, with the start of the next harvest still at least a month away in the Midwest.
*Fed's Yellen seen as more balanced in her Jackson Hole speech. NEW YORK, Aug 22- The dollar rose to its highest in more than 11 months against a basket of currencies on Friday after Federal Reserve Chair Janet Yellen came out more balanced than expected on her views about the U.S. economy and monetary policy in remarks to central bankers.
The FAA has been working on regulations that would permit commercial drone flights in U.S. skies for more than 10 years, but the agency is still at least months and possibly years away from issuing final rules to permit flights by small drones.
JACKSON HOLE, Wyoming— Shadowing central bankers and economists at the annual Federal Reserve conference here, a group of about 10 demonstrators pressed Fed Chair Janet Yellen not to yield to pressure to raise interest rates.
JACKSON HOLE, Wyo., Aug 22- The Federal Reserve is "mired" in debate over corners of the U.S. labor market that it has little chance of improving, and it should instead prepare the public for an interest-rate rise, a Fed official known for his hawkish views said on Friday.
NEW YORK, Aug 22- Wall Street and other stock markets paused while the dollar rose on Friday after Federal Reserve Chair Janet Yellen said policymakers eyeing interest rate hikes need to move cautiously, while worsening Ukraine tensions dogged trading.
JACKSON HOLE, Wyo., Aug 22- Federal Reserve Chair Janet Yellen called for a "pragmatic" approach to U.S. monetary policy on Friday, amid calls by hawkish members of the central bank's policy committee for a quick rise in interest rates due to tightening labor markets and inflationary risks.
WASHINGTON, Aug 22- The U.S. Environmental Protection Agency on Friday sent its final targets for 2014 biofuel use to the White House as the long-delayed rule enters its last round of review before public release. Last year, the agency took just over 30 days to send the final targets back to EPA.
NEW YORK— Stocks are little changed at midday after a speech by Federal Reserve Chair Janet Yellen left investors unsure on how the bank will proceed on interest rates. Investors were also monitoring another flare-up in tensions between Ukraine and Russia. Aeropostale plunged 10 percent after forecasting a big loss in the current quarter.
*European shares wobble as Russia convey enters Ukraine. NEW YORK, Aug 22- The high-flying dollar moved higher again on Friday after Federal Reserve Chair Janet Yellen said the worrisome U.S. labor markets requires policymakers to move cautiously when eyeing interest rate hikes. Tensions over Ukraine increased and blunted a European stocks run-up, and U.S.
*Fed's Yellen seen as more balanced in her Jackson Hole speech. *ECB's Draghi also due to speak at Jackson Hole gathering. NEW YORK, Aug 22- The dollar gained on Friday after Federal Reserve Chair Janet Yellen came out more balanced than expected on her views about the U.S. economy in a speech to central bankers.
*Russia aid convoy crossed border without OK, Ukraine says. NEW YORK, Aug 22- U.S. stocks were little changed on Friday, in the wake of comments from Federal Reserve Chair Janet Yellen.
Makers of raw milk cheeses fear the government will toughen rules in the name of food safety. The Fiscal Times reports.
The U.S. Consumer Product Safety Commission said Friday that the zippers on the chairs, which are made by Ace Bayou Corp., can open. A 13- year-old boy from McKinney, Texas, and a 3- year-old girl from Lexington, Kentucky, were found dead inside the chairs after they suffocated from a lack of air and inhaled the chair's foam beads.
WASHINGTON, Aug 22- The U.S. Environmental Protection Agency on Friday sent its final targets for 2014 biofuel use to the White House, as the long-delayed rule enters its final round of review before public release.
JACKSON HOLE, Wyoming— If anyone thought Janet Yellen might clarify her view of the U.S. job market in her speech here Friday, the Federal Reserve chair had a message:. The picture is still hazy. "Uncertainty is the key word," said Ian Shepherdson, chief economist at Pantheon Economics.
*Gold steady after 5- day losing streak. *Coming up: Fed Chair Yellen speaks at Jackson Hole at 1400 GMT. LONDON, Aug 22- Gold steadied above a two-month low on Friday after a five-day losing streak and was headed for its biggest weekly loss in five, hurt by strong U.S. economic data and speculation the Federal Reserve could raise interest rates sooner than expected.
James Bullard, the president of the St. Louis Federal Reserve Bank, said that central banks operate in a global environment, and that he's worried about inflation expectations slipping in Europe.