More domestic demand, less stockpiling. It’s a win-win situation for the economic outlook and the Federal Reserve, writes Kathleen Madigan.
Originally from MarketWatch
More domestic demand, less stockpiling. It’s a win-win situation for the economic outlook and the Federal Reserve, writes Kathleen Madigan.
Originally from MarketWatch
Crude-oil futures slip a bit in Asia to give back some of the previous day’s gains, as worries that the U.S. Federal Reserve won’t launch fresh monetary stimulus belied market expectations of a boost to commodity prices.
Originally from MarketWatch
LOS ANGELES (MarketWatch) -- Japanese stocks rose in early Thursday trading, as exporters gained on the back of a weaker yen, sending the Nikkei Stock Average up 0.4% to 9,764.33 and the Topix higher by 0.3%. With comments by Federal Reserve Chairman Ben Bernanke indicating the U.S. is unlikely to apply further quantitative easing, the U.S. dollar rose back above the 81-yen level, helping many major exporters rise. Sony Corp. added 0.8%, Canon Inc. improved by 1.4%, Toshiba Corp. climbed 1.1%, and Honda Motor Co. rose 0.8%. Shares of wireless carrier Softbank Corp. firmed by 2.7% after a Kyodo News report that it had won key spectrum to improve its signal quality in Japan. Rivals NTT DoCoMo Inc. and KDDI Corp. were up 0.4% and 0.8%, respectively.
Originally from MarketWatch
LOS ANGELES (MarketWatch) -- Japanese stocks rose in early Thursday trading, as exporters gained on the back of a weaker yen, sending the Nikkei Stock Average up 0.4% to 9,764.33 and the Topix higher by 0.3%. With comments by Federal Reserve Chairman Ben Bernanke indicating the U.S. is unlikely to apply further quantitative easing, the U.S. dollar rose back above the 81-yen level, helping many major exporters rise. Sony Corp. added 0.8%, Canon Inc. improved by 1.4%, Toshiba Corp. climbed 1.1%, and Honda Motor Co. rose 0.8%. Shares of wireless carrier Softbank Corp. firmed by 2.7% after a Kyodo News report that it had won key spectrum to improve its signal quality in Japan. Rivals NTT DoCoMo Inc. and KDDI Corp. were up 0.4% and 0.8%, respectively.
Originally from MarketWatch
U.S. stock indexes trim healthy monthly gains after Federal Reserve Chairman Ben Bernanke curbs expectations of additional quantitative easing.
Originally from MarketWatch
WASHINGTON (MarketWatch) - The Federal Reserve's statement that it plans to hold rates steady until late 2014 if economic conditions evolve as expected doesn't mean very much, said Charles Plosser, the president of the Philadelphia Federal Reserve Bank. "At the end of the day, we will change policy when the economy tells us to change policy," Plosser said in an interview on CNBC. Plosser said the economy is doing a lot better than it was last summer. The Fed may have to change course "sooner than a lot of people expect," and will be sooner than 2014, barring a catastrophe. "Right now, I see the economy that is going to be gradually firming," he said. "If the performance on employment and the economy continue to improve as we've seen them over the last six months, if they proceed for another six months, I think that would be pretty good cause for thinking maybe we need to ease off on the gas pedal a little bit," Plosser said.
Originally from MarketWatch
Crude-oil futures finish higher, fighting off losses that had followed a higher-than-expected increase in supplies and comments from U.S. Federal Reserve Chairman Ben Bernanke.
Originally from MarketWatch
Sector fluctuates but finishes lower on the day as Fed chairman does not indicate another round of quantitative easing, and the central bank indicates real estate and banking improvements.
Originally from MarketWatch
U.S. stock indexes trim healthy monthly gains after Federal Reserve Chairman Ben Bernanke curbs expectations of additional quantitative easing.
Originally from MarketWatch
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