U.S. job growth rises, jobless rate falls to 6-year low but wage growth remains tepid

WASHINGTON, Reuters – U.S. job growth increased at a fairly brisk clip in October and the unemployment rate fell to a fresh six-year low of 5.8 percent, underscoring the economy’s resilience in the face of slowing global demand. Despite the strengthening labor market picture, wage growth remained tepid, suggesting the Federal Reserve would be in no hurry to start lifting interest rates…

Yellen to debut at Jackson Hole: Will she drop any clues?

(Reuters) – Flashes of illumination rather than fireworks are expected at this week’s annual meeting of top central bankers and economists in Jackson Hole, Wyoming. Few predict anything so momentous as the speech by Federal Reserve chairman Ben Bernanke two years ago that paved the way for an unprecedented $85 billion per month stimulus plan. […]

Fed not likely to raise rates until June 2015, Reuters poll shows

(Reuters) – The U.S. Federal Reserve is expected to move in baby steps when it starts to bump up borrowing costs from a record low, but it won’t do so until the second quarter of next year, according to the latest Reuters poll of economists. Recent data on employment, manufacturing and services suggest the economy […]

Fed eyes end of asset purchases in October: FOMC minutes

(Reuters) – The Federal Reserve has begun detailing how it plans to ease the U.S. economy out of an era of loose monetary policy, indicating it will end its asset purchases in October and appearing near agreement on a plan to manage interest rates in the future, according to minutes of the last Fed policy […]

Yellen says she does see ‘pockets’ of increased risk-taking in U.S.

Federal Reserve Chair Janet Yellen said Wednesday that she doesn’t see a need for the Fed to start raising interest rates to defuse the risk that extremely low rates could destabilize the financial system. Yellen said she does see “pockets” of increased risk-taking…

Fed won’t raise interest rates merely to burst bubbles: Janet Yellen

No doubt about it: The Federal Reserve’s record low interest rates over the last few years have led some investors to take on riskier investments in search of higher returns. This is part of the reason why stocks keep reaching record highs…

Investors look for direction on interest rates from Fed this week

The biggest thing on investors’ minds lately are interest rates, and this week offers a peek into where they’re heading. Most investors expect rates to rise in 2015. An increase before that could rattle markets or even stunt economic growth, but waiting too long to…

Daily Forex Market Review 04/16/14 (+30 pips)

Today’s Trade Result: +30 pips July 2013: +160 pips June 2013: +336 pips May 2013: -50.5 pips April 2013: +851.5 pips March 2013: +327.5 pips February 2013: +127.5 pips January 2013: +1107.5 pips December 2012: +29 pips November 2012: +35.5 pips October 2012: +259.5 pips September 2012: +112.5 pips August 2012: +365.5 pips July 2012: […]

Australia’s inflation spike likely to force RBA to hold rates

(Reuters) – The laudable desire of Australians to be well educated and healthy is proving an expensive one as escalating costs add to inflationary pressures even as the broader economy slows. The stubbornness of domestic inflation is proving most unwelcome to policymakers who want to…

Fed tapers again by another $10 billion as economic growth continues

The Federal Reserve trimmed its unprecedented, massive stimulus program again on Wednesday amid signs that economic growth has picked up in the past few months. The move by the central bank, announced after Ben Bernanke’s last meeting at the helm of the Fed…

Fed further trims stimulus program despite emerging markets turmoil

(Reuters) – The Federal Reserve on Wednesday decided to trim its bond purchases by another $10 billion as it stuck to a plan to wind down its extraordinary economic stimulus despite recent turmoil in emerging markets. The action was widely expected, although some…

BoE should keep rates on hold until real wages begin to grow: EY Item Club

EY Item Club is calling for Bank policymakers to include ‘positive growth in real wages’ in their forward guidance policy. Interest rates should be kept on hold until squeezed real-term wages finally begin to grow to avoid choking off the fragile recovery, according to a leading…

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