Treasury prices rise on Friday, pushing yields lower, as a lack of fresh U.S. economic data allows investors to rethink Thursday’s, and the Fed continues with Operation Twist.
Originally from MarketWatch
Treasury prices rise on Friday, pushing yields lower, as a lack of fresh U.S. economic data allows investors to rethink Thursday’s, and the Fed swaps out
Originally from MarketWatch
NEW YORK (Reuters) - U.S. stocks dipped on Wednesday as U.S. Federal Reserve Chairman Ben Bernanke's comments were viewed as a bit more hawkish, but reports suggesting more improvement in the economy curbed losses.
Originally from Reuters: Business News
The April contract pulls back, pressured as comments from Fed chief Ben Bernanke fuel strength in the dollar and as upbeat data dull safe-haven investment demand for the precious metal.
Originally from MarketWatch
WASHINGTON (MarketWatch) - The recent improvement in the unemployment rate has put the Federal Reserve on alert and watching incoming data closely, said Federal Reserve Board Chairman Ben Bernanke on Wednesday."It will be especially important to evaluate incoming information to assess the underlying pace of economic recovery," in light of the "somewhat different signals" received recently from the labor market than from indicators of final demand, Bernanke said in testimony prepared for the House Financial Services Committee.In his testimony, Bernanke stopped short of saying the improvement in the unemployment rate meant a better economy ahead. The unemployment rate dropped to 8.3% in January after hovering close to 9% for much of 2011.
Originally from MarketWatch
WASHINGTON (MarketWatch) - A better tone to economic data shows that the economy does not need more unconventional easing from the Federal Reserve, said Richard Fisher, the president of the Dallas Federal Reserve Bank, on Thursday. "It appears the economy is doing much better," he said. Wall Street analysts are engaging in "wishful thinking" when they forecast more Fed asset purchases. "Our job is not to prop up the Street," Fisher said. The Fed's statement last month that pushed out the central bank's projected first rate hike until late 2014 was meant as a signal "that rates are going to stay low for as long as it is practicable," he said. "It is not saying it is going to absolutely, necessarily occur in late 2014, but the intention is to keep things as they are until we see improvement in the economy," Fisher said. He said he did not support the argument that the Fed should purchase more mortgage-backed securities to drive down mortgage rates and help the housing sector.
Originally from MarketWatch
NEW YORK (MarketWatch) -- U.S. stocks solidified their gains on Thursday after the Philadelphia Federal Reserve's manufacturing index in February rose to 10.2, the highest level since October and better than expected. After wavering in the session's first 30 minutes, the Dow Jones Industrial Average added 56.61 points to 12,837.56. The S&P 500 Index rose 3.45 points to 1,346.68. The Nasdaq Composite climbed 9.92 points to 2,925.68.
Originally from MarketWatch
NEW YORK (MarketWatch) -- U.S. stock futures were modestly higher on Wednesday after a regional gauge of manufacturing proved better than expected in February. The New York Federal Reserve's Empire manufacturing survey rose to 19.5, its highest reading in more than a year. "Beneath the headline though, the report was not as strong as the headline suggests. New orders, employees, prices paid and prices received all declined in the month," said Dan Greenhaus, chief global strategist at BTIG LLC. Futures for the Dow Jones Industrial Average climbed 42 points to 12,882. Those for the S&P 500 Index added 5 points to 1,352.7. Nasdaq 100 futures advanced 12 points to 2,588.
Originally from MarketWatch
U.S. investors will be looking for more signs of economic recovery in data due next week, hints from Federal Reserve officials on the interest rate outlook, and quarterly results from the likes of Zynga and General Motors as they continue to keep an eye on Greek efforts to avoid default.
Originally from MarketWatch
U.S. investors will be looking for more signs of economic recovery in data due next week, hints from Federal Reserve officials on the interest rate outlook, and quarterly results from the likes of Zynga and General Motors as they continue to keep an eye on Greek efforts to avoid default.
Originally from MarketWatch
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