New User:

-or-
Username:
Password:
Forgot your password?

Stock Market & Financial Investment News

News For NOSYMBOL From The Last 14 Days
Check below for free stories on NOSYMBOL the last two weeks.
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 | all recent NOSYMBOL news | >>
April 16, 2014
13:25 EDTMore from Yellen:
More from Yellen: the Fed is mindful of the spillover effects as accommodation is removed. But she noted the timing of policy moves and challenges of policy are different for different countries. Europe is returning to growth at a modest pace, but is more challenged by its banking sector problems. Like Bernanke before her, she didn't really take any responsibility for the problems faced by other economies to the Fed's actions (remember Bernanke just got into a war of words with RBI chief Rajan on this issue).
13:20 EDTYellen Q&A: labor market has been perplexing with respect to historical norms
Yellen Q&A: labor market has been perplexing with respect to historical norms. In answering what role the Fed can play, she said the FOMC's accommodative policy stance has been the most effective. In the public sector, more training will be helpful. Answering a question on whether the Fed would be willing to raise the funds rate above the inflation rate, she responded of course the Fed will be "very focused" on removing accommodation when the time comes (that's going to be a judgment call).
12:45 EDTTreasury Action: Yellen was largely as dovish as advertised
Subscribe for More Information
12:40 EDTFed Chair Yellen reiterated the guidance change wasn't a policy change
Fed Chair Yellen reiterated the guidance change wasn't a policy change in her speech on Monetary Policy and the Economic Recovery, adding the Fed is committed to accommodation. The Fed's new guidance relies on a wide range of factors, but rates will stay low for a longer time if jobs and inflation miss their targets. The recovery has come a long way though is still far from maximum employment and wage gains are still proceeding at an historically slow pace. It's plausible the Fed hits its goals by the end of 2016 she noted. She's also more concerned over low inflation than a substantial rise above the 2% mark. While this speech didn't have quite the political tone of her prior comments, the remarks here show her to be still firmly on the dovish side.
12:40 EDTFX Action: USD-JPY has been steady
Subscribe for More Information
12:30 EDTYellen discusses 'continuing commitment' to accommodation
Fed Chair Janet Yellen said in a speech at the Economic Club of New York, "In other words, the larger the shortfall of employment or inflation from their respective objectives, and the slower the projected progress toward those objectives, the longer the current target range for the federal funds rate is likely to be maintained. This approach underscores the continuing commitment of the FOMC to maintain the appropriate degree of accommodation to support the recovery. The new guidance also reaffirms the FOMC's view that decisions about liftoff should not be based on any one indicator, but that it will take into account a wide range of information on the labor market, inflation, and financial developments."Reference Link
12:25 EDTWeek of 4/25 MBA Purchase Applications to be released at 07:00
Subscribe for More Information
12:25 EDTU.S. assets are turning higher into Yellen's speech
U.S. assets are turning higher into Yellen's speech with some speculation that she'll reiterate her dovish themes on the ongoing shortfall on the jobs and inflation fronts. The T-note yield has edged lower from 2.66% to the 2.64% area, while the NASDAQ is over 1% higher now and dollar-yen is having a look at 102.36 session highs again.
11:20 EDTNY Fed bought $1.018 B in bonds
Subscribe for More Information
11:05 EDTEuro$ interest rate options: some smaller bearish trades
Euro$ interest rate options: some smaller bearish trades have been reported in an otherwise pretty quiet session so far in terms of flows. These included the purchase of 2k in Green Dec 72/77 put spreads vs the sale of an 82 call, and a purchase of 5k in Green Jul 75/76/78 broken put butterflies. Jun 2014s are flat near 99.77, while the deferreds are up to 4-ticks lower out the strip.
10:35 EDTNY Fed outright purchase: Fed is buying $0.9 B to $1.15 B in bonds
NY Fed outright purchase: Fed is buying $0.9 B to $1.15 B in bonds. The small buyback won't offset much of the losses in Treasuries where the long bond yield is up over 2 bps to 3.48%.
10:30 EDTCrude Inventories for the week of April 11
Crude oil inventories 10.0M build vs. consensus of 1.75M build. Gasoline inventories 154K draw vs. consensus of 1.75M draw. Distillates 1.28M draw vs. consensus of flat.
10:20 EDTToday's U.S. reports
Subscribe for More Information
10:15 EDTFX Action: USD-CAD fell to 1.0960
Subscribe for More Information
09:55 EDTMarket opens sharply higher as earnings season picks up
Subscribe for More Information
09:55 EDTThe surprising 0.7% U.S. March industrial production rise
Subscribe for More Information
09:30 EDTTreasury Action: yields remained elevated near highs
Subscribe for More Information
09:25 EDTThe anemic U.S. housing starts bounce
Subscribe for More Information
09:25 EDTU.S. housing starts rose 2.8% to a 946k pace in March
U.S. housing starts rose 2.8% to a 946k pace in March from February's 1.9% gain to 920k (revised up from 907k). This is a second month of increase (4.7% cumulative) after declines 11.8% in January and 7.0% in December. Single family starts rose 6.0%, with multi-family falling 3.1%. Building permits fell 2.4% to 990k from a revised 1014k (was 1014k). Data are a little light compared to expectations.
09:25 EDTFX Action: The dollar traded higher
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 | 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 theflyonthewall.com disclaimer & terms of use