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Stock Market & Financial Investment News

News Breaks
December 12, 2012
12:55 EDTFed announces new securities purchases, monetary policy criteria
The Fed's Open Market Committee announced that it would buy $45B of "longer term" Treasury securities per month after its initial program of buying such securities expires at the end of December. Furthermore, the central bank will continue to reinvest principal payments from its current holdings into agency mortgage-backed securities. Moreover, the Fed will resume rolling over maturing Treasury securities at auction and continue buying $40B of additional mortgage backed securities per month. The Fed will continue buying securities if the employment outlook doesn't improve in coming months, the committee added. As expected, the Fed left the target range for the federal funds rate at 0%-0.25%. In a new step that had been discussed as a possibility but not necessarily expected by analysts, the central bank adopted monetary policy thresholds. The Fed anticipates that it will keep interest rates exceptionally low "at least as long as the unemployment rate remains above 6.5%, inflation one or two years in the future is projected to be no more than 0.5% above the Fed's 2% long-term goal, and longer-term inflation expectations remain well-anchored." The Fed had previously said that rates would remain exceptionally low through at least mid-2015. As far as the economy, the central bank stated that the economy continues to expand at a moderate pace, excluding weather events. Household spending has continued to increase, but business' investments have slowed, the Fed reported. As usual, one committee member, Jeffrey Lacker, voted against the Fed's action.
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January 16, 2015
08:45 EDTU.S. CPI fell 0.4% in December with the core rate unchanged
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08:43 EDTThe ABA's Economic Advisory Committee holds a press conference
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08:35 EDTFutures continue to suggest another lower open
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08:25 EDTFedspeak is due from a trio of doves
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08:20 EDTEnergy Action: NYMEX crude recovered from overnight lows
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08:20 EDTU.S. CPI Preview
U.S. CPI Preview: December CPI should reveal a -0.2% (median 0.4%) headline decline as falling oil prices continue to weigh on the report. Analysts expect the core to be up 0.1% for the month. This comes on the heels of a -0.3% headline in November with a 0.1% core increase. December's PPI report revealed a 0.3% headline decline but with a 0.3% increase for the core.
07:50 EDTN.Y. FX Outlook
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07:50 EDTTreasury Market Outlook: Treasuries are a little lower
Treasury Market Outlook: Treasuries are a little lower, in contrast to gains in Asian and European sovereigns as the SNB's currency actions continue to reverberate. Trading volume remained heavy. The 2-year Treasury yield has edged up to 0.43%, while the 10-year is at 1.72%. There's been some back-up in Greek rates on reports some banks are seeking for Emergency Liquidity Assistance. Equities are mixed with European bourses mostly in the green, while Asian shares and U.S. equity futures are lower. The dollar was mostly firmer. Not surprisingly, many economists are cutting Swiss growth forecasts. As for overnight data, Eurozone HICP was confirmed at -0.2%. U.S. data includes December CPI, industrial production and preliminary January consumer sentiment figures. It will also be very interesting to hear comments from the Fed's Kocherlakota, Williams, and Bullard in the face of the SNB's move and with further declines in oil prices.
07:45 EDTCFA Society of Chicago to hold a luncheon meeting
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07:44 EDTFederal Reserve Bank of San Francisco President speaks on economic outlook
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07:43 EDTFederal Reserve Bank of Minneapolis President speaks on monetary policy
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07:40 EDTFutures lower as market slide continues
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07:10 EDTFX Update: The dollar remained generally supported
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06:57 EDTFed looks set to raise rates in Q2, Reuters says
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06:06 EDTOn The Fly: Morning Wrap-Up for January 16
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05:52 EDTJanuary front month equity options last day to trade is January 16, 2015
04:25 EDTFX Action: USD-JPY steadier around after earlier rebound
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02:25 EDTFX Update: The dollar has been steady-to-softer
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02:03 EDTWeek of 1/28 Fed Balance Sheet to be released at 16:30
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02:03 EDTWeek of 1/19 Money Supply to be released at 16:30
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