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The Fed Janet Yellen

  • Oct 12- Wall Street looked set to open slightly lower on Thursday as results of major banks JPMorgan and Citigroup failed to fuel the optimism that has driven indexes to record highs. JPMorgan and Citigroup, which had already talked down expectations earlier this month, reported earnings that were better than Wall Street estimates. "What we're seeing is after a...

  • Steven Mnuchin, U.S. Treasury secretary

    Treasury Secretary Steven Mnuchin also says the administration won't budge on the proposed cut in the corporate tax rate to 20 percent.

  • Oct 12- Futures pointed to a slightly lower open on Thursday, with JPMorgan reporting its quarterly results, kicking off the earnings season in earnest. *Wall Street banks have already warned of lower trading revenue, but investors will watch for guidance from executives. *The Labor Department report at 8:30 a.m. ET is expected to show the producer price index...

  • *Italy bond yields fall after govt wins confidence vote. LONDON, Oct 12- The dollar sagged on Thursday after the U.S. "We just had the minutes and saw there was a slightly more dovish take, so there is this ongoing debate about the lack of inflation momentum in the U.S.," said Benjamin Schroeder, senior rates strategist at ING.

  • Key concern is independence of the Fed: UBS

    Paul Donovan, global chief economist at UBS Wealth Management, speaks about what lies ahead for U.S. Federal Reserve Chair Janet Yellen.

  • gold bars.jpg

    Rumors of a more hawkish Fed chief sent gold lower for the third straight session.

  • Spreadbetters expected a mixed start for European stocks, forecasting Britain's FTSE to open down 0.05 percent, Germany's DAX to start 0.03 percent higher France's CAC to open flat. MSCI's broadest index of Asia-Pacific shares outside Japan was up 0.55 percent and at its highest since December 2007. South Korea's KOSPI added 0.55 percent to mark a fresh...

  • Trump wants a Fed chair he can control: Estimize

    Estimize founder and CEO Leigh Drogen discusses the future of the U.S. Federal Reserve's leadership.

  • TOKYO, Oct 12- Japan's Nikkei share average scaled its loftiest peak in more than two decades on Thursday, hoisted by records on Wall Street that offset weakness in oil-related shares. On Wall Street on Wednesday, major stock indexes finished at record closing highs, bolstered by a report that a market-friendly candidate was being pushed as successor to Federal...

  • MSCI's broadest index of Asia-Pacific shares outside Japan rose to its highest since December 2007 and was last up 0.2 percent. South Korea's KOSPI added 0.2 percent to mark a fresh record peak and Hong Kong's Hang Seng scaled a decade-high before dipping 0.05 percent. Asia took cues from Wall Street, where major indexes rose to yet another set of record closing...

  • *South Korea's KOSPI stretches record highs. MSCI's broadest index of Asia-Pacific shares outside Japan added 0.15 percent and is within a hair of the decade high touched in the previous session. Asia took cues from Wall Street, where major indexes rose to yet another set of record closing highs overnight following a report that a market-friendly candidate...

  • WASHINGTON, D.C.- Bank of England Chief Economist Andy Haldane is part of a panel at the Rethinking Macro Policy Conference- 1945 GMT. WASHINGTON, D.C.- Bank of England Governor Mark Carney participates in IMF meetings. WASHINGTON, D.C.- Riksbank Deputy Governor Cecilia Skingsley is participating in a discussion about the cashless society at IIF's Annual Meeting...

  • WASHINGTON, D.C.- Bank of England Chief Economist Andy Haldane is part of a panel at the Rethinking Macro Policy Conference- 1945 GMT. WASHINGTON, D.C.- Bank of England Governor Mark Carney participates in IMF meetings. WASHINGTON, D.C.- Riksbank Deputy Governor Cecilia Skingsley is participating in a discussion about the cashless society at IIF's Annual Meeting...

  • *Wall St closes higher after Politico cites Powell for Fed chair. NEW YORK, Oct 11- Wall Street stocks rose on Wednesday as the minutes from the Federal Reserve's September policy meeting merely confirmed expectations that interest rates would rise, while the euro gained on the dollar after Catalonia held off on moving to independence. "Nothing changes the...

  • While Wall Street reaction was muted to minutes of the most recent Federal Reserve policy meeting, a report that a market-friendly candidate was being pushed as successor to Janet Yellen at the helm of the U.S. central bank helped indexes close near the highs of the day. "You've got sector rotation grinding the indexes higher and it's hard to see what stops that,"...

  • While Wall Street reaction was muted to minutes of the most recent Federal Reserve policy meeting, a report that a market-friendly candidate was being pushed as successor to Janet Yellen at the helm of the U.S. central bank helped indexes close near the highs of the day. "You've got sector rotation grinding the indexes higher and it's hard to see what stops that,"...

  • WASHINGTON, Oct 11- Federal Reserve policymakers had a prolonged debate about the prospects of a pickup in inflation and slowing the path of future interest rate rises if it did not, according to the minutes of the U.S. central bank's last policy meeting on Sept. 19-20 released on Wednesday. Fed Chair Janet Yellen has repeatedly acknowledged since the meeting...

  • WASHINGTON— Federal Reserve officials struggled in September to come to terms with persistently low inflation but decided to continue to signal the possibility of raising interest rates for a third time this year. The latest CME Group survey, based on trading on the direction of the Fed's benchmark rate, places the probability of a December rate hike at 88...

  • WASHINGTON, Oct 11- Federal Reserve policymakers had a prolonged debate about the prospects of a pickup in inflation and the path of future interest rate rises if it did not, according to the minutes of the U.S. central bank's last policy meeting on Sept. 19-20 released on Wednesday. The readout of the meeting, at which the Fed announced it would begin this month to...

  • NEW YORK, Oct 11- BlackRock Inc Chief Executive Larry Fink on Wednesday warned that strong demand for investments such as long-dated government bonds could push their prices to a risky point. The head of the world's largest asset management company said investors' appetite for those assets could move long-dated yields below those of shorter-term debt.