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The Fed Janet Yellen

  • WASHINGTON— On the day when Janet Yellen will hold her final news conference as Federal Reserve chair, the Fed has left little doubt what it plans to do Wednesday: Raise its benchmark interest rate for the third time this year. The central bank finally raised rates modestly in December 2015 and then again in December 2016 and in March and June this year.

  • BEIJING— Asian stocks were mostly higher Wednesday following overnight gains on Wall Street as investors looked ahead to a likely U.S. interest rate hike. India's Sensex added 0.3 percent to 33,339.48 and Sydney's S&P-ASX 200 gained 0.1 percent to 6,021.80. Seoul's Kospi gained 0.5 percent to 2,472.66 and benchmarks in New Zealand, Taiwan and Thailand also...

  • *Dollar slips after Democrat win Alabama Senate race. TOKYO, Dec 13- The dollar slipped from a four-week high against a basket of currencies on Wednesday after a Democrat won a bitter fight for a U.S. Senate seat in deeply conservative Alabama, reducing Republicans' already narrow Senate majority further. The reduced Senate majority could make it harder for...

  • *Policy statement due at 2 p.m. EST. WASHINGTON, Dec 13- The Federal Reserve is widely expected to raise interest rates on Wednesday, but, more significantly, it may give its strongest hint yet on how the Trump administration's tax overhaul could affect the U.S. economy. Her successor, Fed Governor Jerome Powell, said at his recent confirmation hearing before a Senate...

  • MELBOURNE, Dec 13- London copper trading was little changed on Wednesday, as volumes thinned throughout the complex in the lead-up to holidays and ahead of a U.S. monetary policy meeting which may spell out higher interest rates. *SHFE: Shanghai Futures Exchange copper rose by half a percent to 52,180 yuan a tonne. *SHFE: Lead and zinc climbed 1.8 percent and 0.9...

  • SYDNEY, Dec 13- U.S. soybean prices climbed for the first time in six sessions on Wednesday to edge away from their lowest in nearly a month, though gains were checked by ample global supply. *The most active Chicago Board of Trade March soybeans were up 0.3 percent at $9.78-1/ 4 a bushel by 0220 GMT. They closed down 0.7 percent on Tuesday, after hitting their lowest...

  • *Spot gold was steady at $1,243.10 an ounce at 0051 GMT, after marking its lowest since July 20 at $1,235.92 in the last session. Secretary of State Rex Tillerson offered on Tuesday to begin direct talks with North Korea without pre-conditions, backing away from U.S. demands that Pyongyang must first accept that any negotiations would have to be about giving up...

  • *Alabama Senate election could upset dollar if Republican loses. TOKYO, Dec 13- The dollar stood near a four-week high against a basket of currencies on Wednesday after strong U.S. wholesale price figures kept the Federal Reserve on track for a widely-expected rate rise this week and more in 2018.. Against the yen, the dollar fetched 113.55 yen, having risen to a...

  • TOKYO- BOJ Governor Kuroda delivers brief speech at year-end party of private economists- 0900 GMT. ROCHESTER, N.Y.- Federal Reserve Board Governor Lael Brainard gives opening remarks before a Workforce Development Video Campaign award ceremony co-sponsored by the Federal Reserve Bank of New York, in Rochester, New York- 2300 GMT. FRANKFURT- ECB President Mario...

  • NEW YORK/ LONDON, Dec 12- Gold prices retreated to a near five-month low on Tuesday as investors braced for a widely expected U.S. interest rate increase this week and looked for clues about further hikes from the Federal Reserve. 1:36 p.m. EST, after hitting its lowest since July 20 at $1,235.92. $5.20, or 0.4 percent, at $1,241.70 per ounce.

  • *Platinum discount to palladium at deepest since April 2001. LONDON, Dec 12- Gold prices fell back to a near five-month low on Tuesday ahead of a widely expected U.S. interest rate increase this week and as investors eyed clues for further hikes going forward. 1441 GMT, after hitting its lowest since July 20 at $1,239.21.

  • Dec 12- The Dow Jones Industrial Average edged higher on Tuesday, with a 3 percent jump in shares of Boeing and rise in financial stocks, while losses in technology stocks weighed on the S&P 500 and the Nasdaq. Boeing shares hit a record high at $292.80 after the company said it would raise its quarterly dividend by 20 percent and replace its existing share buyback...

  • *Oil rises above $65 a barrel; Chevron, Exxon higher. The benchmark Brent crude, gained more than 1.65 percent to rise above $65 a barrel for the first time since mid-2015 after an unplanned shutdown of the UK's biggest North Sea oil pipeline. Boeing shares were set to open at a record high after the company said it would raise its quarterly dividend by 20 percent and...

  • How the Fed could surprise the markets at Yellen's farewell meeting

    The wild card for the markets is what the Fed says and does with regard to tax legislation.

  • *New Zealand dollar gains on central bank appointment. LONDON, Dec 12- The dollar drifted in narrow ranges on Tuesday after strong recent gains as the U.S. "Although we do not expect Janet Yellen to overly modify her choice of judicious language, (President ( Donald Trump's)... tax cuts... could feasibly allow far greater conviction in the speed with which policy...

  • Jerome Powell, nominee to be chairman of the Federal Reserve, waits to testify at his Senate Banking, Housing and Urban Affairs Committee confirmation hearing in Hart Building on November 28, 2017.

    CNBC's Steve Liesman reveals Fed insights from CNBC's latest survey of money managers, strategists and economists.

  • *New Zealand dollar gains on central bank appointment. LONDON, Dec 12- The dollar was flat on Tuesday after strong recent gains as the U.S. "Although we do not expect Janet Yellen to overly modify her choice of judicious language, (President ( Donald Trump's)... tax cuts... could feasibly allow far greater conviction in the speed with which policy normalization should...

  • *Dollar slightly firmer vs basket of major currencies. SINGAPORE, Dec 12- The dollar held firm near two-week highs versus a basket of major currencies on Tuesday, with traders awaiting the U.S. That was within sight of Friday's peak of 94.087, the highest since Nov. 21.

  • FRANKFURT- European Central Bank President Mario Draghi gives speech on the occasion of the closing of the Cultural Days and the handover from Spain to Lithuania organised by the ECB in Frankfurt, Germany- 1900 GMT. FRANKFURT- ECB Governing Council meeting. TOKYO- BOJ Governor Kuroda delivers brief speech at year-end party of private economists- 0900 GMT.

  • FRANKFURT- European Central Bank President Mario Draghi gives speech on the occasion of the closing of the Cultural Days and the handover from Spain to Lithuania organized by the ECB in Frankfurt, Germany- 1900 GMT. FRANKFURT- ECB Governing Council meeting. TOKYO- BOJ Governor Kuroda delivers brief speech at year-end party of private economists- 0900 GMT.