New User:

Forgot your password?

Stock Market & Financial Investment News

News For NOSYMBOL From The Last 14 Days
Sign up for a free trial to see the rest of the stories you've been missing.
<< 1 | 2 | 3 | 4 | 5 | 6 | 7 | 8 | 9 | 10 | 11 | 12 | 13 | 14 | 15 | 16 | 17 | 18 | 19 | 20 | 21 | 22 | 23 | 24 | 25 | 26 | 27 | all recent NOSYMBOL news | >>
September 17, 2014
16:05 EDTU.S. Philadelphia Fed Index Preview
U.S. Philadelphia Fed Index Preview: The September Philly Fed will be released on Thursday and the headline should ease to 25.0 (median 22.8) after the August jump to 28.0 from 23.9. The Empire State index has already been released for the month with a big gain to 27.5 from 14.7 last month. Despite this analysts expect that sentiment will ease overall for the month and bring the ISM-adjusted average down to 55 after two months at 56.
15:44 EDTCurrency September volatility elevated at 26 into Scotland vote
CurrencyShares British Pound Sterling Trust September call option implied volatility is at 26, October is at 9, December is at 6; compared to its 26-week average of 8 according to Track Data, suggesting large price movement into Scotland voting for independence, potentially fracturing the U.K.ís 307-year union.
15:40 EDTRates getting back to "normal" levels:
Rates getting back to "normal" levels: Yellen downplayed fears that the Fed could fall behind the curve. It's necessary for the Fed to maintain a more accommodative posture longer than would be needed, she said. The question was posed why the SEP forecasts suggest the economy could be back to more normal levels of growth sooner than the funds rate target arrives there, and thus there's danger of the Fed getting behind the curve. Regarding a predictable pace of rate moves, she said such may have contributed to diminished volatility in the markets, she denied it had anything to do with the apparent complacency that might have led to the housing bubble of 2004. She did admit that some policymakers believe somewhat less of a mechanical pace might be better, but that will be up for discussion. With that, the press conference ended.
15:25 EDTFed balance sheet operations:
Subscribe for More Information
15:11 EDTYellen says could take until end of decade to normalize balance sheet
Yellen says growth has been slow relative to past recoveries. Fed Chair Janet Yellen continues speaking in a press conference.
14:55 EDTYellen says 'considerable time' pledge conditional, linked to economy
Subscribe for More Information
14:50 EDTThe FOMC Forecast revisions
Subscribe for More Information
14:40 EDTFOMC Takeaway: it's a mixed bag, not surprisingly
FOMC Takeaway: it's a mixed bag, not surprisingly. The statement leaned to the dovish side give the retention of a couple of key phrases, "considerable time" and "significant underutilization of labor resources." The SEP forecasts were mixed, and to some extent internally inconsistent. The "Dot Plot" turned a bit more hawkish than at the June meeting, with more members looking for the first rate hike next year, and with a slightly higher trajectory of rates. On the other hand, growth estimate for 2014 and 2015 were lowered, although the PCE price index for this year was left steady at 1.5% to 1.7%, and raised for both 2015 and 2016.
14:36 EDTWeek of 9/26 EIA Petroleum Status Report to be released at 10:30
14:35 EDTFX Action: USD-CAD had spent the morning session
Subscribe for More Information
14:30 EDTU.S. Housing Starts Preview
Subscribe for More Information
14:25 EDTFOMC also released a primer on its policy normalization plans
FOMC also released a primer on its policy normalization plans in conjunction with the statement. The first step, when economic conditions and the economic outlook warrant a less accommodative posture, will be to raise the funds rate, to be achieved "primarily by adjusting the interest rate it pays on excess reserve balance." The Fed will use "overnight reverse repos and other supplementary tools as needed to help control the funds rate." The ORR will be used only "to the extent necessary and will phase it out when it is no longer needed." The Fed's security holdings will be reduced in a "gradual and predictable manner primarily by ceasing to reinvest repayments of principal, the timing of which will depend on the economy.
14:24 EDTFed changes 2015 inflation outlook to 1.6%-1.9% from 1.5%-2%
Subscribe for More Information
14:22 EDTFed alters 2015 unemployment forecast to 5.4%-5.6% from 5.4%-5.7%
Subscribe for More Information
14:21 EDTFed cuts 2015 GDP growth forecast to 2.6%-3% from 3%-3.2%
14:20 EDTTreasury Action: yields reversed higher
Subscribe for More Information
14:20 EDTFed maintains 2014 inflation forecast of 1.5%-1.7%
Subscribe for More Information
14:20 EDTFX Action: The dollar spiked higher
FX Action: The dollar spiked higher after the FOMC announcement, despite the Fed keeping the "considerable time" phrase. Yields moved higher, as equities moved from positive to negative, and back to positive again. EUR-USD fell from 1.2960 to 1.2897, as USD-JPY ran up to 108.18 from 107.60. The dollar appears to be moving on the back of divergent central bank policies, as the BoJ and ECB are both still in easing mode, wile the Fed moves toward tightening, albeit at a snail's pace.
14:19 EDTFed lowers 2014 unemployment forecast to 5.9%-6% from 6%-6.1%
Subscribe for More Information
14:18 EDTFed retains 'considerable time' language in policy statement
Subscribe for More Information
<< 1 | 2 | 3 | 4 | 5 | 6 | 7 | 8 | 9 | 10 | 11 | 12 | 13 | 14 | 15 | 16 | 17 | 18 | 19 | 20 | 21 | 22 | 23 | 24 | 25 | 26 | 27 | all recent NOSYMBOL news | >>

Sign up for a free trial to see the rest of the stories you've been missing.

I agree to the disclaimer & terms of use