NEW YORK, Jan 18- After tax cuts, rising incomes and buoyant stock markets set off a consumer boom in 2018, signs are emerging that the main engine of U.S. economic growth could sputter, and a record-long government shutdown further muddies the waters. Federal Reserve officials and many economists have long counted on continued robust consumer spending to keep...
CNBC's Steve Liesman reports on his conversation with former Fed Chair Janet Yellen.
The Federal Reserve already could be at the end of its rate-hiking cycle, former Fed Chair Janet Yellen, said Monday.
Janet Yellen, former chair of the Federal Reserve, made the comments Monday during the National Retail Federation's annual Big Show in New York.
Jan 11- Jerome Powell argued forcefully to end the Federal Reserve's bond-buying program in his early days at the central bank in 2013, leavening the often tense discussions with humor and a comparison of then-Fed chief Ben Bernanke to U.S. basketball star LeBron James. The transcripts of the eight policy meetings held that year were released on Friday, nearly...
Jan 11- Federal Reserve Chairman Jerome Powell, in his early days on the U.S. central bank's board of governors, argued frequently and forcefully for an end to the bond purchases undertaken to support the recovery from the financial crisis, transcripts of policy meetings from 2013 released on Friday showed. Powell, who joined the board in May 2012 when Ben...
ATLANTA/NEW YORK, Jan 4- Federal Reserve Chairman Jerome Powell on Friday sought to ease market concerns that the U.S. central bank was ignoring signs of an economic slowdown, saying he was aware of the risks and would be patient and flexible in policy decisions this year. Echoing a more sympathetic tone recently espoused by some of his colleagues, Powell said the...
ATLANTA/NEW YORK, Jan 4- Federal Reserve Chairman Jerome Powell on Friday sought to ease market concerns that the central bank was ignoring signs of an economic slowdown, saying he was aware of the risks and would be patient and flexible in policy decisions this year. Echoing a more sympathetic tone recently espoused by some of his colleagues, Powell said the Fed...
NEW YORK, Jan 4- Treasury yields rose on Friday after the U.S. employment report for December came in more robust than expected, and on the back of U.S. equities, which hit session highs as Federal Reserve Chair Jerome Powell struck a dovish tone in a roundtable interview. China this week posted data showing factory activity contracted in December for the first time...
NEW YORK, Jan 4- Treasury yields rose on Friday after the U.S. employment report for December came in more robust than expected, and on the back of U.S. equities, which hit session highs as Federal Reserve Chair Jerome Powell struck a dovish tone in a roundtable interview. China this week posted data showing factory activity contracted in December for the first time...
ATLANTA, Jan 4- Federal Reserve Chairman Jerome Powell on Friday moved to ease concerns in financial markets, saying that while U.S. economic momentum is solid, the central bank is sensitive to the risks highlighted by investors and will be patient with its monetary policy in 2019.. "Particularly with the muted inflation readings that we've seen coming in, we will...
Fed Chairman Jerome Powell pledged that the central bank will be watching how the economy performs and will be "patient" with policy.
*U.S. gold futures briefly touch $1,300/ oz. U.S. gold futures were down 0.3 percent at $1,290.50 per ounce, having risen above $1,300 earlier in the session. "We have got to put it in the context of a rather impressive risk-off rally that we have seen since the middle of December, that led to gold going close to $1,300," he said.
Spot gold touched its highest since mid-June at $1,298.42, but was down 0.2 percent at $1,291.31 per ounce as of 1130 GMT. U.S. gold futures were down 0.1 percent at $1,293.40 per ounce, having risen above $1,300 earlier in the session. Federal Reserve Chair Jerome Powell and former Fed chairs Janet Yellen and Ben Bernanke for clues on any further interest rate...
BENGALURU, Jan 4- Gold erased most of its early gains after touching 6-1/ 2- month highs on Friday, as Asian equities regained some footing after Beijing announced a new round of trade talks with Washington amid fears of a global economic slowdown. Spot gold was up 0.1 percent at $1,294.90 per ounce, as of 0758 GMT, after touching $1,298.42 earlier, its highest since...
European markets got a boost after China's commerce ministry said the U.S. and China would hold trade talks on Jan. 7-8.
BENGALURU, Jan 4- Gold erased most of its early gains after touching 6-1/ 2- month highs on Friday, as Asian equities and the U.S. dollar regained some footing after Beijing announced a new round of trade talks with Washington amid fears of a global economic slowdown. Trade Representative Jeffrey Gerrish will come to China to have "positive and constructive...
Spot gold was up 0.2 percent at $1,296.35 per ounce, as of 0301 GMT, having earlier touched $1,298.42, its highest since mid-June. "Concerns about tepid global economic growth and volatility in risk assets is likely to keep the safe-haven asset- gold- in flavour," said Sugandha Sachdeva, vice-president of metals, energy and currency research, Religare Broking Ltd..
BENGALURU, Jan 3- Gold prices climbed to a fresh 6-1/ 2 month peak, moving closer to the key $1,300 an ounce level on Thursday, as concerns about economic slowdown gripped global markets and fuelled demand for safe-haven bullion. Spot gold gained 0.3 percent to $1,288.90 per ounce at 9:36 a.m. EST, having earlier touched $1,292.32, its highest since June 15.
Spot gold was up 0.3 percent at $1,288.49 an ounce at 1237 GMT, having touched its highest since June 15 at $1,292.32. U.S. gold futures traded up 0.5 percent at $1,290.40. "Fears of an economic slowdown are one source of the equity market volatility, thus contributing to the covering of short positions in the futures market and investors renewed interest in gold,"...
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