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Fed’s Kashkari saw no need to raise interest rates this week as inflation remains tame

  • March 17, 2017
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Minneapolis Fed President Neel Kashkari on Friday said he dissented from the U.S. central bank’s decision to hike interest rates earlier this week because not all that much had changed in the outlook for inflation since the January meeting. While there were some signs that inflation was picking up, it was not happening rapidly, Kashkari

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Consumer sentiment still running high -except among Democrats

  • March 17, 2017
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Most Americans are quite optimistic the U.S. economy will do well in the days ahead, though Democrats remain depressed two months into the Trump presidency. The index of consumer sentiment rose to 97.6 in March from 96.3 in February, based on a preliminary reading by the University Michigan. Economists surveyed by MarketWatch had forecast a

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Leading indicators reach highest level in a decade

  • March 17, 2017
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The U.S. economy is set to accelerate, if a gauge that historically correlates with future performance is on target. The Conference Board said its leading economic index rose 0.6% in February — the third straight gain of that magnitude — to reach its highest level in more than a decade. “Widespread gains across a majority

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Treasury yields on track for weekly drop as U.S. rate fears subside

  • March 17, 2017
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Treasurys gained ground Friday, leaving yields on track for a weekly decline after the Federal Reserve on Wednesday failed to signal a more aggressive approach to future rate moves. The yield on the 10-year Treasury note fell 1.8 basis points to 2.506%, according to Tradeweb, while the 2-year yield declined 0.7 basis point to 1.317%.

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Jobless claims drop 2,000 to 241,000

  • March 16, 2017
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The number of Americans who applied for unemployment benefits fell by 2,000 to 241,000 in mid-March, as layoffs remained near the lowest level in decades. Economists polled by MarketWatch has expected initial jobless claims to total 240,000 in the seven days stretching from March 5 to March 11.

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Philly Fed survey shows staying power in March

  • March 16, 2017
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The Federal Reserve Bank of Philadelphia’s monthly index on regional manufacturers fell to 32.8 in March from 43.3 in February, which was the highest reading in 33 years, according to data released Thursday. Economists polled by MarketWatch had expected the Philly Fed gauge to pull back to 30 in March

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Home builders speed up work in February

  • March 16, 2017
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Construction on new houses climbed 3% in February to the second highest level since 2007, reflecting pentup demand in a steadily growing economy that builders are aiming to address. The pace of so-called housing starts rose to an annual rate of 1.29 million last month, with construction on single-family homes hitting the highest level since

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Bank of England votes 8-1 to hold key rate at 0.25%

  • March 16, 2017
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The Bank of England on Thursday left its key interest rate at a record low 0.25%, meeting widely held expectations. The vote to hold the rate steady was 8-1, with board member Kristen Forbes backing a rate increase. The central bank left unchanged the size of its asset purchase program at £435 billion ($533 billion)

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Treasurys give back some gains after Fed-inspired ‘Goldilocks’ rally

  • March 16, 2017
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U.S. government-bond yields rose Thursday as Treasury prices gave back some of the ground gained a day earlier in a sharp rally following the Federal Reserve’s widely anticipated rate increase. The yield on the 10-year Treasury note rose 1.6 basis points to 2.52%, according to Tradeweb, while the 2-year yield rose 0.8 basis point to

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Fed Meeting – What you need to know in the markets Wednesday

  • March 15, 2017
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Wednesday will be all about the Federal Reserve. At 2:00 p.m. ET on Wednesday, the Federal Open Market Committee will release its latest monetary policy decision, which markets expect will see the central bank take its benchmark interest rate to 0.75%-1% from 0.50%-0.75%. This would be the third interest rate hike from the Fed since

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