Odds of a Fed rate hike in March surge
Yellen's remarks follow hawkish comments in recent days from a slew of Fed speakers and cement a likely rate hike at the Fed's next meeting on March 15.
Most analysts now expect the Fed to push rates higher by another 0.25 per cent in March, following the hike in December. The question is whether the official who matters most - Chair Janet Yellen - will add her own voice to that impression.
The reality is that the current environment-whether it is low financial stress, ultra-low market volatility, good United States dataflow, firmer USA inflation, the fact the Dollars has given up half of its post-election gains, stocks at the all-time highs, Treasury yields well off the recent highs (even after the latest move), and the fact that the global economic backdrop has improved-makes a March hike extremely "digestible".
The Federal Reserve is set toraise its benchmark interest rate later this month as long aseconomic data on jobs and inflation holds up, Fed Chair JanetYellen said on Friday, in comments that likely cement a ratehike at its next meeting.
"If we look at gold's performance over the course of the last five trading sessions, prices have hardly dropped at all, telling us that funds remain committed to the precious metal in light of what they view to be an uncertain U.S. legislative outlook", Meir said. He said "most of the data we've seen over the last couple months is very much consistent with the economy continuing to grow at an above-trend pace, job gains remain pretty sturdy, inflation has actually drifted up a little bit as energy prices have increased".
HRW: Duterte may be liable for crimes against humanity
The president's spokesman said the allegations, without proof, were "hearsay". We asked him how he was able to track the police killing squads.
Rory McIlroy battling on despite food poisoning
And an upset stomach following a losing battle to a plate of Mexican food the night before that had him up at 3 a.m. It's a pleasure to play a golf course where your caddie doesn't hand you the driver walking off the previous green.
Oil Slips as US Stockpiles Set Record Despite OPEC Cuts
US crude prices have roughly doubled over the a year ago which has supported a sharp expansion in domestic drilling activity. USA crude exports have averaged nearly 900,000 bpd during the last four weeks, up from about 500,000 bpd in September.
Brainard's words came after New York Fed President William Dudley and San Francisco Fed President John Williams both expressed support for a rate-hike in the near future on Tuesday.
What is different this year is that traders are actually falling into line with the March rate-hike view and the Fed's current forecast for three rate hikes this year. "The general economic conditions and proximity to the full employment and price stability goals are sufficient, and officials are simply looking for appropriate opportunities". It was its first increase since December 2015, when the Fed raised its key rate from a record low. As of Friday mid-day, the odds of a March rate hike were above 75 percent, according to CME Group's FedWatch program, up from only 25 percent at the beginning of February.
Given how integral strong services growth is to United Kingdom economic stability, a large drop is likely to exacerbate existing concerns about how the United Kingdom economy will fare once Brexit has been completed.
Japan's Nikkei soared 1.1 per cent, buoyed by a weaker yen.
Also, economic data indicated inflation was close to the Fed's target of 2 percent. The Fed managed just one.
Catholic high school earns millions from Snapchat IPO
The company raised $3.4 billion in an initial public offering this week, and its shares have popped 60% from the IPO price . Benchmark Capital, Lightspeed Venture Partners, and General Catalyst are among the investors that planned to sell shares.
Tori Spelling and Dean McDermott Welcome a Baby Boy
On Thursday (March 2), the Beverly Hills, 90210 alum gave birth to her FIFTH child with the Chopped: Canada host. The couple have admitted that the pregnancy was a total surprise.
PSA Reaches Deal to Purchase Opel, Report Says
Stock for GM was trading at around $38.18 a share today following the report from Reuters , which accounted for an increase of 1%. GM, on the other hand, is happy to see Opel go after losing the company money for the last 16 consecutive years.
'No economic case' for Scottish independence - Theresa May
She wrote: 'The SNP will always try to denigrate our United Kingdom to further their obsession with independence. She also accused the SNP leader, First Minister Nicola Sturgeon, of "playing politics" with Brexit.
Atletico Madrid ace Fernando Torres suffers horror head injury
He has won both the Champions League (biggest club tournament) and the World Cup throughout his illustrious career. Everton talisman Romelu Lukaku also wrote: "A speedy recovery to my former teammate", with a prayer emoji.
Dow breaks 12-day record streak ahead of Trump speech
All the major indexes moved into record territory, with the DJIA up 303.31 points to 21,115.55 at the close of trading. The benchmark Kospi finished up 11.01 points or 0.53 percent at 2,102.65, the highest level since February 23.
AWS apologizes for February 28 outage, takes steps to prevent similar events
That, according to AWS, should prevent an incorrect input from triggering another outage . AWS said it has modified the ability for "too much capacity to be removed too quickly".
Rachel Dolezal Has Legally Changed Her Name To A West African Moniker
Her new name has origins in Africa and, according to the Washington Post, is a West African moniker meaning "gift of God". LMAOOOO! Rachel was big mad that she wasn't teaching the intercultural class.
Trump Takes Aim At EPA Water Regulations With New Executive Order
Under WOTUS, all tributaries that have a bed, bank and a high water mark are automatically protected, among other water bodies. The expanded rules allowed government control and oversight of almost any place where water could flow or pool after a rain.
Irish abuse survivor resigns from Vatican panel
Winter-Green echoed Collins' frustration with the reluctance of Vatican offices to work with the abuse commission. Irish abuse victim Marie Collins talks during a news conference in downtown Rome February 7, 2012.
Mar 03 2017