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Economic Reports Economic Forecasting

  • FRANKFURT, Dec 14- The European Central Bank raised growth and inflation forecasts for the euro area on Thursday but stuck to its pledge to provide stimulus for as long as needed, predicting inflation would remain below target into 2020.. The euro rose to a day high of $1.186 after the bank raised its growth forecasts from this year through to 2019.

  • FRANKFURT, Germany— The Latest on the European Central Bank's monetary policy meeting:. European Central Bank President Mario Draghi says the bank is "closely monitoring" financial stability risks that could stem from a long period of low interest rates. European Central Bank head Mario Draghi says the economic upswing is "stronger in Europe than the United...

  • BERN, Dec 14- The Swiss National Bank expects inflation in Switzerland to exceed its target in three years- an indication of when it might exit its ultra-loose monetary policy. The bank was in "no rush at all" to start normalising policy, Chairman Thomas Jordan said, even though the economy is performing well and some other central banks-- notably the U.S.

  • BERN, Dec 14- The Swiss National Bank expects inflation in Switzerland to exceed its target in three years' time- indicating a potential timeline for the central bank's exiting its ultra-loose monetary policy. The bank outlined its views hours before a meeting of the European Central Bank, which has reduced the pace of its asset purchase program, seen as the first...

  • LONDON, Dec 14- The dollar held at more than one-week lows on Thursday after the U.S. central bank kept its economic forecasts unchanged with investors expecting more losses if the European Central Bank outlines a more optimistic outlook on the economy. Against the euro, the dollar was slightly weaker on the day at $1.1824 with traders focused on a ECB policy...

  • SAN FRANCISCO/ NEW YORK, Dec 13- As the U.S. Congress moved closer to a tax overhaul plan Wednesday that has President Donald Trump "thrilled," outgoing Federal Reserve Chair Janet Yellen gave a more sobering assessment: a short-term bump is likely, but a longer-term boost is not. Nearly all Fed officials are factoring in some stimulus from the package, expected to...

  • Dec 13- Mexico's peso currency and stocks firmed on Wednesday after the U.S. Mexico's central bank is seen raising its benchmark interest rate on Thursday to match the Fed hike as well as to counter a recent uptick in inflation, according to a Reuters poll. Chilean stocks also rose, while in Brazil shares closed 1.22 percent lower.

  • That is a key thing that's holding them back, "said Matt Luzzetti, senior economist at Deutsche Bank, one of the 23 dealers that do business directly with the Fed. Business activities is seen enjoying a boost if Congress passes the steep tax cuts Republican lawmakers have proposed and President Donald Trump has endorsed. As the economic expansion has hummed along,...

  • WASHINGTON, Dec 13- The Federal Reserve raised interest rates on Wednesday but left its rate outlook for the coming years unchanged even as policymakers projected a short-term jump in U.S. economic growth from the Trump administration's proposed tax cuts. The White House has frequently said its tax plan would produce annual GDP growth of 3 percent to 4 percent.

  • WASHINGTON, Dec 13- The Federal Reserve raised interest rates on Wednesday but left its rate outlook for the coming years unchanged even as policymakers projected a short-term jump in U.S. economic growth from the Trump administration's proposed tax cuts. The White House has frequently said its tax plan would produce annual GDP growth of 3 percent to 4 percent.

  • Paul Gruenwald of S&P Global says with the global economy accelerating, now would be a good time for China to "bite the bullet" on growth.

  • BUENOS AIRES, Dec 13- Mexico and the European Union could reach a framework for a trade deal by the end of the year, though differences remain over agricultural market access, Mexican Economy Minister Ildefonso Guajardo said on Wednesday. Mexico has been aiming to reduce its reliance on U.S. imports and exports since the election of U.S. Mexico and the 28- member...

  • *Bank stocks fall in choppy trading after Fed news. NEW YORK, Dec 13- The S&P 500 ended slightly lower on Wednesday pressured by the financial sector after the Federal Reserve announced a widely expected interest rate hike but kept its rate outlook for coming years even as it projected faster U.S. economic growth. "It's a fairly dovish statement which is positive...

  • TORONTO, Dec 13- The Canadian dollar rallied against its broadly weaker U.S. counterpart on Wednesday after the Federal Reserve raised interest rates, as expected, with investors betting that Canada will benefit from an improved outlook for the U.S. economy. "With the rate hike, we see the flowers growing and the sun shining in the United States economy," said Kash...

  • NEW YORK, Dec 13- The S&P 500 dipped on Wednesday under pressure from the financial sector after the Federal Reserve made a widely expected interest rate hike but kept its rate outlook for coming years even as it projected faster U.S. economic growth.

  • Closing Bell Exchange: Market reaction to FOMC meeting

    Discussing the current state of the markets with Kenny Polcari, O’Neil Securities; Omar Aguilar, Charles Schwab Investment Management; Michelle Meyer, Bank of America Merrill Lynch economist; Kristina Hooper, Invesco global strategist; and CNBC’s Rick Santelli.

  • NEW YORK, Dec 13- The three major U.S. stock indexes were higher on Wednesday after the Federal Reserve raised U.S. interest rates by a quarter percentage point, as anticipated, but left its rate outlook for the coming years unchanged even as policymakers projected a short-term acceleration in U.S. economic growth. Kate Warne, investment strategist at Edward...

  • NEW YORK, Dec 13- U.S. Treasury yields fell to session lows on Wednesday after the Federal Reserve raised key interest rates by a quarter percentage point as expected, and kept policy outlook unchanged for 2018 even as it upgraded its view on economic growth. At 2:22 p.m. EST, U.S. benchmark 10- year Treasury notes were yielding 2.369 percent, down over 3 basis...

  • *Yellen to hold press conference at 2:30 p.m. ET. WASHINGTON, Dec 13- The Federal Reserve raised interest rates by a quarter of a percentage point on Wednesday, as anticipated, but left its rate outlook for the coming years unchanged even as policymakers projected a short-term acceleration in U.S. economic growth. Fed Chair Janet Yellen is due to hold a press...

  • WASHINGTON, Dec 13- Underlying U.S. consumer inflation slowed in November, held down by weak healthcare costs and the biggest drop in apparel prices in nearly two decades, which could impact the pace at which the Federal Reserve raises interest rates next year. "The lack of a sustained pickup in core CPI does make the Fed deliberations about the pace of monetary...