Evening HeadlinesBloomberg: Hong Kong's Year of the Monkey Starts With an Equity Rout: Chart. Yen Advances With Gold as Hong Kong Stocks Decline; Oil Slides. Japan’s yen gained with gold after Janet Yellen said the Federal Reserve may delay policy tightening if the turmoil in financial markets continues. Show More Summary
By Wayne Cole SYDNEY (Reuters) - Asian shares sputtered on Thursday as U.S. Federal Reserve Chair Janet Yellen's tone of guarded optimism led to an indecisive finish for Wall Street and further weakness for the dollar. While European banks found a moment of stability, a renewed rush to the safety of longer-term U.S. Show More Summary
Banking stocks gain in early trade as Federal Reserve chair comments ease global jitters.
Federal Reserve Chair Janet Yellen appeared before Congress to defend the December rate hike. New Jersey Gov. Chris Christie suspended his presidential campaign. So has Carly Fiorina. Ex-Los Angeles County Sheriff Lee Baca is expected...Show More Summary
Federal Reserve chair signals threats that could delay plans for interest rate hikes.
Federal Reserve Chairwoman Janet L. Yellen indicated Wednesday that the Federal Reserve could delay further raising a key interest rate while the U.S. economy faces increased risks from slower global growth and roiling financial markets. But she said the U.S. appeared to be weathering the turmoil...
Federal Reserve chair Janet Yellen's appearance on Capitol Hill on Wednesday was the main event on Wednesday as stocks had a volatile day but ultimately closed little changed though the Dow fell about 100 points. First, the scoreboard: Dow:...Show More Summary
Major American banks are working through TCH to develop a real-time payment network in conjunction with work underway by the Federal Reserve's Faster Payments Task Force.
Finance Insider is Business Insider's midday summary of the top stories of the past 24 hours. To sign up, scroll to the bottom of this page and click "Get updates in your inbox," or click here. The Federal Reserve is watching China. Fed...Show More Summary
Federal Reserve Chair Janet Yellen admitted the obvious in her Congressional hearing statement: rate hikes are dependent on the fragility of the global economy. The post Fed’s Yellen Admits Global Risks As Global Central Banks Go More Negative On Rates was originally published at The Wall Street Examiner. Follow the money!
(Reuters) - U.S. stocks gained on Wednesday after Federal Reserve Chair Janet Yellen said conditions in the United States would allow for "gradual" rate hikes, and as technology stocks rebounded. However, Yellen acknowledged that the weakness in the global economy could knock the U.S. Show More Summary
In a recently released annual report, the Federal Reserve issued rules for stress-test scenarios that include a move to negative interest rates. While the report is careful to categorize the scenarios as merely hypothetical, investors would be...
The hottest topic in monetary policy right now is negative interest rates. The Bank of Japan took rates negative last month, joining the European Central Bank and others, with over 20% of the world's GDP now covered by at least someShow More Summary
Testifying for the first time since the Federal Reserve raised interest rates, Janet Yellen says volatility in the global markets means that "As is always the case, the economic outlook is uncertain."
Federal Reserve chair Janet Yellen is testifying on the economy before the House Financial Services Committee this morning. Her prepared remarks released earlier showed that the Fed is watching developments in markets and the economy...Show More Summary
WASHINGTON (Reuters) - A top Federal Reserve policymaker expressed concern that financial reforms could make it harder for the central bank to stem a panic in credit markets, a warning that comes amid growing stress in corners of the banking sector. Show More Summary
In July 2008, the ECB stuck to the instruction manual. Unlike the Federal Reserve, the ECB doesn’t have to take employment into consideration, only price stability. The ECB in 2008 wasn’t the central bank we know today; back then monetary policy was dictated by Germany and much more hawkish. And, [...]
Links to the best reading in funds investing: Federal Reserve Chairwoman Janet Yellen’s worries about economic growth likely rule out an interest rate increase next month – Jon Hilsenrath and Ben Leubsdorf, The Wall Street Journal Mutual fund investors aren’t fleeing U.S. stock mutual funds and financial advisers are one reason — John Waggoner, InvestmentNews […]
The Federal Reserve is watching China. In prepared remarks set to be delivered to Congress on Wednesday morning, Fed chair Janet Yellen made a number of references to China, specifically how financial conditions in the world's second-largest...Show More Summary
Federal Reserve Chair Janet Yellen on Wednesday cautioned that continued turmoil in financial markets could dampen U.S. growth and acknowledged the risks from a sustained slowdown in emerging economies. Yellen is slated to appear Wednesday morning on Capitol Hill before the House Financial Services committee. In prepared testimony, she pointed to recent declines in stock […]