Top News & Analysis Wyoming

  • JACKSON HOLE, Wyo., Aug 26- The case for a U.S. interest rate hike has strengthened in recent months, Federal Reserve Chair Janet Yellen said on Friday in a speech that left the door open for such a move as early as next month. Yellen, speaking at an international gathering of central bankers and academics in Jackson Hole, Wyoming, did not say when the U.S. central bank...

  • NEW YORK, Aug 26- Oil prices were largely unchanged on Friday in a volatile session, as traders reacted to comments from Fed Chair Janet Yellen and reports of missile activity in Saudi Arabia. Brent crude futures fell 9 cents to $49.58 a barrel, a 0.2 percent loss, by 1:29 p.m. EST. U.S. crude rose 5 cents, or 0.1 percent, to $47.38.

  • JACKSON HOLE, Wyoming, Aug 26- To markets hungry for direction from the U.S. Federal Reserve, Fed Chair Janet Yellen offered a sobering dose of uncertainty for monetary policy and the global economy on Friday, suggesting interest rates could rise faster than expected in coming months or just as easily crater back to zero. In keynote remarks to an annual policy...

  • NEW YORK, Aug 26- U.S. Treasuries prices fell on Friday as investors evaluated whether the Federal Reserve is likely to raise interest rates at its September meeting, following hawkish but still noncommittal comments by Fed Chair Janet Yellen. No, it's just maintaining optionality, "said Gennadiy Goldberg, an interest rate strategist at TD Securities in New York.

  • Aug 26- Federal Reserve Chair Janet Yellen's speech earlier on Friday was consistent with expectations for possible interest rate hikes this year, Fed Vice Chair Stanley Fischer said, reinforcing the message that the U.S. economy has strengthened. Hours earlier in Jackson Hole, Wyoming, Yellen said the case for "an increase" in the Fed's policy rate has...

  • *Wall St gains as Yellen says rate-hike case strengthens. NEW YORK, Aug 26- U.S. equities gave up early gains on Friday, hurt by a surging U.S. dollar after Federal Reserve Chair Janet Yellen said that the case for raising U.S. interest rates has strengthened in recent months. "The dollar's reaction was almost instantaneous- it rallied pretty quickly off her hawkish...

  • WASHINGTON, Aug 26- U.S. economic growth was slightly more tepid than initially thought in the second quarter as businesses aggressively ran down inventories, offsetting a spurt in consumer spending. Gross domestic product expanded at a 1.1 percent annual rate, the Commerce Department said on Friday in its second estimate of GDP. "The very slight downward...

  • NEW YORK, Aug 26- Oil prices were modestly higher on Friday in a volatile session, as traders reacted to comments from Fed Chair Janet Yellen and reports of missile activity in Saudi Arabia. Brent futures for October delivery rose 2 cents to $49.69 a barrel by 11:42 a.m. EDT. U.S. crude rose 20 cents to $47.53 per barrel, a 0.4 percent gain.

  • "It is only a matter of time before another cyclical downturn calls for aggressive negative nominal interest rate policy actions," concludes Marvin Goodfriend, a professor of economics at Carnegie Mellon University and a former policy adviser at the Richmond Federal Reserve bank. They have already been introduced in the Euro area, Switzerland, Sweden and...

  • DUBLIN, Aug 26- U.S. jobs data top economic readouts from around the world next week as global markets begin to return to business as usual following a typically quiet August with the calm broken on Friday by comments from Federal Reserve Chair Janet Yellen. Speaking at a three-day international gathering of central bankers in Jackson Hole, Wyoming, Yellen said...

  • *Yield curve flattest since March 2015. NEW YORK, Aug 26- U.S. No, its just maintaining optionality, "said Gennadiy Goldberg, an interest rate strategist at TD Securities in New York."

  • NEW YORK, Aug 26- The dollar gave up earlier gains to trade little changed on Friday after Federal Reserve Chair Janet Yellen gave no indication a U.S. interest rate rise was imminent, even though she acknowledged the case for a hike has increased recently. "Her comments still fall a little bit short of what dollar bulls would want to see in that she doesn't make a case...

  • JACKSON HOLE, Wyo., Aug 26- The case for a U.S. interest rate hike has strengthened in recent months because of improvements in the labor market and expectations for solid economic growth, Federal Reserve Chair Janet Yellen said on Friday. Yellen did not indicate when the U.S. central bank might raise rates, but her comments reinforced the view that such a move could...

  • Greene: 'Most dovish, hawkish speech' from Yellen

    Megan Greene, Manulife Financial chief economist, and Brian Jacobsen, Wells Fargo Funds chief portfolio strategist, share their take on Fed chair Janet Yellen's policy speech so far at the Jackson Hole summit.

  • *Yellen says case for rate hike has strengthened. Aug 26- Wall Street was higher on Friday morning after Federal Reserve Chair Janet Yellen said the case for raising U.S. interest rates has strengthened in recent months. Yellen, speaking before a gathering of global central bankers in Jackson Hole, Wyoming, did not indicate when the Fed would raise rates, but said...

  • Fmr. Fed Reserve gov. on Yellen

    Federic Mishkin, former Fed Reserve governor, recaps and shares his take on Fed Chair Janet Yellen's speech at Jackson Hole.

  • Federal Reserve Board Chair Janet Yellen

    CNBC's Steve Liesman reports on the latest Fed speak by Fed chair Janet Yellen at the Jackson Hole summit.

  • JACKSON HOLE, Wyo., Aug 26- The case for raising U.S. interest rates has strengthened in recent months because of improvements in the labor market and expectations for moderate economic growth, Federal Reserve Chair Janet Yellen said on Friday. Speaking at a three-day international gathering of central bankers in Jackson Hole, Wyoming, Yellen said the "U.S....

  • Awaiting Fed chair Yellen

    Joe LaVorgna, Deutsche Bank chief U.S. economist, and Kate Warne, Edward Jones principal investment strategist discuss what they expect to hear from Fed chair Janet Yellen at today's Jackson Hole summit, as well as how it may impact the markets.

  • *Yellen due to speak at 10:00 a.m. ET. Aug 26- Wall Street was higher on Friday morning, boosted by financial stocks, minutes before a speech by Federal Reserve Chair Janet Yellen that is expected to provide a clearer picture on when interest rates will be raised next. Yellen speaks before a gathering of global central bankers in Jackson Hole, Wyoming, at 10:00 a.m....