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The Fed Janet Yellen

  • NEW YORK, Oct 18- The dollar reversed gains on Wednesday, losing steam after data showed U.S. homebuilding fell last month, and was on track to snap four days of gains, even as higher U.S. It was 0.61 percent higher against the Japanese yen at 112.87 yen. The dollar index may have hit technical resistance at around the 93.80 level, which could have restrained the...

  • WASHINGTON, Oct 18- The U.S. economy expanded at a modest to moderate pace in September through early October despite the impact of hurricanes on some regions, the Federal Reserve said in its latest snapshot of the U.S. economy released on Wednesday, but there were still few signs of an acceleration in inflation. In the report, three of the Fed's 12 districts-...

  • Federal Reserve Board Chairwoman Janet Yellen speaks during a news conference following a meeting of the Federal Open Market Committee September 20, 2017 in Washington, DC.

    The U.S. central bank released its periodic report on the health of the US economy Wednesday.

  • NEW YORK— How long can this nirvana last for investors? The stock market keeps ticking methodically higher into record territory, and the Dow Jones industrial average closed above 23,000 for the first time on Wednesday. On Oct. 19, 1987, the S&P 500 plummeted 20.5 percent to wipe out what had been sizeable gains for the year.

  • By Dhara Ranasinghe and Abhinav Ramnarayan. LONDON, Oct 18- Euro-area bond yields came off five-week lows on Wednesday, helped by a sharp rise in U.S. Earlier this week, euro zone bond yields had tumbled on the view that the European Central Bank, which meets next Thursday, would signal a prolonged scaling back of its monetary stimulus scheme.

  • John Taylor

    Trump is seriously considering John Taylor, whose academic work suggests that interest rates could be nearly triple where they are now.

  • NEW YORK, Oct 18- The dollar rose against a basket of currencies on Wednesday, on pace for a fifth-straight day of gains, taking support from higher U.S. "It's all about the yields this week, so far," said Omer Esiner, chief market analyst at Commonwealth Foreign Exchange in Washington. Short-dated notes added to selling after comments from New York Fed President...

  • *Oil prices rise on tighter US market, Middle East tensions. MILAN, Oct 18- World stocks stayed near all-time peaks and the dollar extended a winning streak on Wednesday as the focus on upcoming changes to monetary policies in the U.S. and the euro zone grew. The start of China's Communist Party conference, the extension of talks over the North American Free Trade...

  • Federal Reserve Board Chairwoman Janet Yellen

    CNBC's Steve Liesman reports President Trump is likely to choose his nominee for Federal Reserve chair soon.

  • A nomination could come within weeks as the term of current Chair Janet Yellen ends in February 2018. He faces a choice between two continuity candidates, Yellen and Governor Jerome Powell, and a clutch of outsiders, including Gary Cohn, currently his top economic advisor, former Fed Governor Kevin Warsh, and Stanford University economics professor John Taylor.

  • A nomination could come within weeks as the term of current Chair Janet Yellen ends in February 2018. He faces a choice between two continuity candidates, Yellen and Governor Jerome Powell, and a clutch of outsiders, including Gary Cohn, currently his top economic advisor, former Fed Governor Kevin Warsh, and Stanford University economics professor John Taylor.

  • The Fed Chair horse race

    Who will President Trump nominate as the next chair of the Federal Reserve? Larry McDonald of ACG Analytics weighs in on the contenders.

  • *Two-year U.S. yields hold near nine-year highs. LONDON, Oct 18- The dollar climbed for a fifth consecutive day on Wednesday as higher U.S. "There is a nervousness squeeze on USD shorts underway related to Fed chair uncertainty, so medium-term USD sellers are being forced to stand aside," said Stephen Gallo, European head of FX strategy at BMO financial group.

  • MILAN, Oct 18- World stocks stayed near peaks and currencies moved in tight ranges on Wednesday as China's Communist Party conference opened and the focus in Europe turned to speeches from top euro zone central bankers before next week's key policy meeting. European shares steadies around four-month highs with a raft of company results in focus and euro zone...

  • *Support level for gold seen at $1281/ oz- analyst. President Donald Trump has a pool of five candidates to choose from for the next chair of the Federal Reserve and is likely to announce his choice before going to Asia in early November, a source familiar with the situation said. Current Fed Chair Janet Yellen, whose term expires in February, is one of the five...

  • LONDON, Oct 18- The dollar edged higher on Wednesday, as markets awaited further news on the possible appointment of a hawk as Fed chair and progress on U.S. tax reforms. "The overnight news of progress in negotiations over the new U.S. tax plan seems to be dollar-positive but we have to see some strong economic data before the dollar breaks higher," said Jane Foley,...

  • Gold bullion bars and coins.

    Gold fell for a third straight session on Wednesday on pressure from a firmer dollar.

  • *China's Xi pledges to pledge to build "modern socialist country". SYDNEY, Oct 18- Asian shares consolidated recent gains and currencies kept to tight ranges on Wednesday as the opening of China's Communist Party conference produced more in the way of aspirational politics than concrete policies. China's blue-chip CSI300 index added 0.5 percent in reaction,...

  • *Support level for gold seen at $1,275- trader. "This morning is about President Xi talking and headlines coming out of that... we're seeing a bit of pullback that's helping gold this morning in Asia," a Hong Kong- based trader said. Asian shares consolidated recent gains and currencies kept to tight ranges on Wednesday as investors waited to see what policies might...

  • *Yen helped by caution ahead of Japan election. TOKYO, Oct 18- The dollar held an upper hand against other major currencies on Wednesday as investors weigh the possibility that U.S. "Who will be the next Fed Governor is the most important focus of the market now," said Yukio Ishizuki, senior strategist at Daiwa Securities.