Eight of the nation's largest banks will begin using their own models and systems to calculate the amount of capital they need to set aside.» Read More
*Faces House committee Tuesday, Senate committee Thursday. *GOP could criticize Fed stimulus. Feb 9- Janet Yellen's first test as chair of the Federal Reserve comes on Tuesday when she faces U.S. lawmakers, some hostile to the central bank, who will want to know how committed she is to winding down the Fed's support for the economy.
LONDON, Feb 9- The euro zone and its constituent parts will report fourth quarter economic growth numbers at the end of the week, offering policy makers at the European Central Bank a needed snapshot of the bloc's underlying strength. There has been general improvement but a growing disparity between Germany and France, the currency union's largest economies.
The rapid drop to 6.6 percent in U.S. unemployment means Chair Yellen may have to redraw the Fed's taper plan.
*Fourth-quarter GDP grows at 3.2 percent annual rate.
*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.
*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.
Dec 20- Janet Yellen owes part of her dovish reputation to her embrace of an "optimal control" policy approach that tolerates inflation temporarily overshooting the Federal Reserve's 2 percent goal, in return for a quicker decline in U.S. unemployment.
SAN FRANCISCO/ NEW YORK, Dec 20- By ensuring the Federal Reserve begins trimming its massive bond-buying stimulus before a more hawkish contingent of voters comes on board next year, Fed Chairman Ben Bernanke has greased the skids politically for his successor, Janet Yellen.
*Unemployment, inflation thresholds to guide rate decision. By Ann Saphir and Jonathan Spicer.
WASHINGTON, Oct 17- The Federal Reserve may have to wait until early next year before it sees sufficient strength in the U.S. economy to begin scaling back its bond-buying stimulus, after a destructive Washington budget battle that may take a bite out of growth.
CHICAGO, Oct 8- The would-be architects of a grand bargain to solve Illinois' $100 billion pension crisis have not met as a group for three months, and the state's last chance to strike a deal this year is slipping away. Credit agencies are threatening to cut Illinois' ratings, already the lowest of the 50 states, to BBB-plus, the level of Kazakhstan.
*Seen scaling back bond buys to $75 billion per month. Most economists expect the Fed to scale back its monthly purchases by a modest $10 billion, taking them to $75 billion and signaling the beginning of the end to an unprecedented episode of monetary expansion that has been felt worldwide.
SAN FRANCISCO, Sept 17- The Federal Reserve this week is expected to start winding down an epic economic stimulus that is credited with helping the United States claw back from the deepest slump since the Great Depression.
News that high-profile investors are dramatically exiting positions in gold is a positive for bullion as it implies that the worst of institutional selling could be over.
Billionaire investor George Soros has been busy stocking up on hedge fund favorites as he joined others in dumping gold exchange traded fund (ETF) holdings in the second quarter.
U.S. stock index futures turned slightly positive Wednesday after Fed Chairman Ben Bernanke reiterated the central bank's plan to start paring back its bond-purchase program later this year, but said that could change if the economic outlook shifted.
Fed Chairman Ben Bernanke is not likely to say much new when he testifies before Congress Wednesday, but even so, he could rock the markets.
The threat of less central bank stimulus and higher interest rates crushed emerging markets more than most recently. And some investors see deals.
The Boston Marathon bomb attacks had a fleeting impact on markets, but that could change, depending on what investigators uncover.
Some of the names on the move ahead of the open.