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Fed’s Kaplan: Wants ‘gradual’ rate hikes but doesn’t expect ‘pause’ in policy

  • March 24, 2017
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Dallas Federal Reserve President Robert Kaplan wants a “gradual and patient” approach to raising interest rates this year but said that doesn’t necessarily include a “pause” in the Fed’s rate-tightening policy. With its rate hike last week, Fed members signaled rough forecasts for two more rate hikes this year. San Francisco Fed President John Williams

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Wall Street stocks lined up for cautious moves ahead of Yellen speech, health-care vote

  • March 23, 2017
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U.S. stock futures traded in tight ranges on Thursday, as investors kept their eye on a speeches from Federal Reserve members including Chairwoman Janet Yellen, as well as an important vote on a health-care bill.

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Traders reduce view on U.S. rate hikes

  • March 23, 2017
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U.S. interest rates futures rose to session highs on Wednesday as traders dialed back their view on the timing of the Federal Reserve’s next rate hike following its quarter-percentage point increase last week. Federal funds futures implied traders saw 49.6 percent the U.S. central bank would raise rates at its June 13-14 policy meeting, compared

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Bank lobbyists privately lower expectations for Dodd-Frank overhaul

  • March 23, 2017
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Bank lobbyists who opened the Trump era with great expectations for sweeping regulatory reform are privately striking an increasingly dismal tone as hopes for a quick and thorough rewrite of Dodd-Frank legislation dim. Lobbyists say they are facing the reality that bank deregulation legislation will have to wait in line behind other bigger priorities such

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Jobless claims climb 15,000 to 258,000

  • March 23, 2017
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The number of Americans who applied for unemployment benefits last week jumped by 15,000 to 258,000 and matched a two-month high, with fresh revisions showing layoffs a bit higher in 2017 than previously reported.

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Treasury yields head lower for fifth straight day

  • March 23, 2017
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Treasury yields were falling on Thursday for the fifth straight session after government data showed an unexpected rise in first-time jobless claims. Investors are now turning their attention to a looming vote on the Republican bill to repeal and replace Obamacare in the House of Representatives. The latest tallies suggest it doesn’t have the support

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New-home sales roar to a 7-month high 592,000 annual rate in February

  • March 23, 2017
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Sales of newly-constructed homes powered to the highest pace in seven months in February as firm demand for housing outweighs lean supply and slightly higher mortgage rates. New home sales ran at a seasonally-adjusted annual rate of 592,000, the Commerce Department said Thursday. That was 6.1% higher than in January and 12.8% above last February’s

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Existing-home sales tumble as tight inventory chokes housing

  • March 22, 2017
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Sales in February were still 5.4% higher compared with a year ago, but the supply situation has worsened. Inventory was 6.4% lower than in February 2016. Meanwhile, the median home price rose 7.7% compared with a year ago to $228,400.

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Treasury yields touch 3-week low as market uncertainty surrounds key health-care vote

  • March 22, 2017
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Treasury yields declined on Wednesday to their lowest levels in more than three weeks as congressional Republicans struggled to convince certain conservative legislators to support their plan to repeal and replace Obamacare. Yields, which fall as prices rise, were on track to fall for a fourth straight session, with the yield on the 10-year Treasury

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BOE rate hike in May? Soaring U.K. inflation will bring out the hawks, analysts say

  • March 21, 2017
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It has happened — for the first time in more than three years, U.K. inflation has broken above the Bank of England’s 2% target, adding pressure on the central bank to raise interest rates to curb the rapid jump in consumer prices. At 2.3% for February, the consumer price index rose faster than the 2.1%

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