Gross Says Yellen’s Economy ‘May Never Walk Normally Again’

Bill Gross, the billionaire Janus Capital Group Inc. money manager, criticized Fed Chair Janet Yellen’s suggestion that she could consider further asset purchases as the equivalent of “providing a walker or a wheelchair for an ailing economy.” Yellen, speaking Friday at a conference of central...

Yellen’s hawkish message adds weight to rate rumblings

Sleepy markets were jolted awake Friday when U.S. Federal Reserve chair Janet Yellen delivered a hawkish message against the mountainous backdrop of Jackson Hole, Wyo. Her observation that the case for rate hikes “has strengthened in recent months” is hardly a game changer. The statement is more of...

Fed’s Powell: "We should be on program of gradual hikes"

Inflation should rise to 2% Fed target as headwinds fade The Fed's Powell's turn to get his two cents in during interview on Bloomberg: • The US dollar is a consideration when debating rate hikes. Something to watch. Not a concern • Support gradual rate hikes. • Should raise rates as global ec...

Here’s what the Fed’s rate should be, using rule footnoted in Yellen speech

Federal Reserve Chairwoman Janet Yellen has fought against a notion put forward by some in Congress to follow a mathematical formula to determine interest rates. That said, in her keynote speech in Jackson Hole, there’s a footnote that lays out exactly such a rule. She says this rule is more “agg...

Negative Rates Advocate Spells Out the Obstacles at Jackson Hole

What should policy makers do if the next recession hits before central bankers climb out of their low-interest-rate fox holes? ...

Fed’s Fischer: Yellen Speech Consistent with Possible September Hike

BREAKING

Richard Branson ‘thought he was going to die’ in serious bike accident

Richard Branson has revealed he has been in a serious bike accident in which he thought he "was going to die". The entrepreneur was cycling in the dark on Virgin Gorda, one of the British Virgin Islands, with his children, Holly and Sam, when he hit a bump in the road, causing him to be flung ov...

Saudi Aramco says all facilities in the Kingdom operating normally

That should help to debunk the attack report

Fed’s Fischer: Economy has strengthened, job report will weigh in on hike decision

Federal Reserve Vice Chairman Stanley Fischer told CNBC Friday the decision on whether to hike interest rates should be looking forward, not back — and the next jobs report will likely figure into the process. The U.S. economy has strengthen, with strong jobs data in the last three months, Fische...

China Imports from Australia

Imports from Australia in China increased to 6001099 USD THO in July from 5849082 USD THO in June of 2016. Imports from Australia in China averaged 6497004.70 USD THO from 2014 until 2016, reaching an all time high of 9126403.46 USD THO in April of 2014 and a record low of 3752380 USD THO in February of 2016. Imports from Australia in China is reported by the China Customs. This page includes a chart with historical data for China Imports From Australia.

Fed Chairwoman Janet Yellen Sees Stronger Case for Interest-Rate Increase

Federal Reserve Chairwoman Janet Yellen signaled growing conviction that the central bank will raise short-term interest rates in the weeks or months ahead. "In light of the continued solid performance of the labor market and our outlook for economic activity and inflation, I believe the case for...

Shafik: Passthrough Efficiency in the Fed’s new Monetary Policy Setting

Thank you for the opportunity to discuss this paper, which brings together many of the themes of this timely and important c onference. Interest in the pass - through of central banks’ policy rates has enjoyed something of a resurgence in recent times, as the Federal Reserve begins to tight...

Yemen missiles hit facilities of Saudi oil giant Aramco

Yemeni forces have fired ballistic missiles at the facilities belonging to the Saudi state oil giant Aramco in the kingdom’s southwest. The retaliatory attack took place on Friday, hitting targets in Saudi Arabia’s Jizan region and causing considerable damage to the Aramco facilities there, Yemen...

US consumer sentiment dips as Americans divide on election impact on economy

Consumer sentiment eased in August as Americans’ views of their personal finances darkened, although that was offset by better views of the economic outlook. The University of Michigan’s final August reading slipped to 89.8 from 90.0 in July. The index is 2.3% lower than a year ago. Economists su...

Yellen Says Rate-Hike Case ‘Has Strengthened in Recent Months’

Federal Reserve Chair Janet Yellen said the case to raise interest rates is getting stronger as the U.S. economy approaches the central bank’s goals. “In light of the continued solid performance of the labor market and our outlook for economic activity and inflation, I believe the case for an inc...

Yellen: The Federal Reserve’s Monetary Policy Toolkit: Past, Present, and Future

The Global Financial Crisis and Great Recession posed daunting new challenges for central banks around the world and spurred innovations in the design, implementation, and communication of monetary policy. With the U.S. economy now nearing the Federal Reserve's statutory goals of maximum employment...

USD/JPY Edges Lower After 2Q GDP Revision- All Eyes on Chair Yellen

The second reading of 2Q GDP was downgraded to 1.1% q/q, in line with market expectations, the Bureau of Econoimc Analysis reported today thereby raising economic recovery doubts. Meanwhile the agency revised higher 2Q personal consumption to 4.4% from an a preliminary print of 4.2%. Analysts pol...

Fed’s Lockhart: Can see two hikes this year

Lockhart on Bloomberg TV • It's natural to see different signals from economic data • Nothing is locked in for monetary policy • Fed models are useful inputs to guide judgement • A couple of my colleagues are beginning to rethink things Earlier Lockhart said one hike was likely ...
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