Janet Yellen tops WSJ’s Fed forecasters November 15, 2013 The Wall Street Journal (WSJ) has examined and scored on accuracy over 700 predictions made between 2009 and 2012 in speeches and congressional testimony by 14 Fed policymakers. Janet Yellen, the woman the Whitehouse want to be chair of the Federal Reserve, topped their chart. The newspaper used the following benchmarks: gross domestic product for [...]
US exports miss as New York business conditions take a hit November 15, 2013 US export prices fell 0.5 per cent in October, following expectations of no increase and September's 0.3 per cent rise. Import prices fell 0.7 per cent, after expectations of a 0.2 per cent fall after September's 0.2 per cent increase. Business conditions in the manufacturing sector have taken a tumble, according to the NY Empire [...]
What you need to know before the open – 15/11 November 15, 2013 US markets continue to see record highs on the back of Janet Yellen's easy money talk yesterday, and their Asian counterparts followed suit in Friday trading. But European markets, whilst gaining of the Fed chair elect's comments, did not respond with the same enthusiasm. One reason for this could be that Europe has a weaker [...]
Yellen flies flag for easy money November 14, 2013 MARKETS cheered yesterday as Federal Reserve chair nominee Janet Yellen mounted her defence of the Fed’s radical quantitative easing (QE) to the US Senate, raising hopes that the country’s ultra-loose monetary policy will be continued. Yellen, known for her dovish stance which favours low interest rates, used her testimony to defend QE, which has so [...]
David Miles fears enormous housing debts November 14, 2013 HOUSE prices are hitting such unaffordable levels that households should seek new ways of buying, in a bid to avoid taking on dangerously high levels of debt, the Bank of England’s David Miles said yesterday. He wants to see a range of shared equity products to leave home owners paying both a mortgage and some [...]
London Report: Yellen’s dovish tone helps FTSE 100 to rebound November 14, 2013 TOP shares rebounded yesterday, led higher by energy stocks after the Federal Reserve’s Janet Yellen eased worries the US central bank may start scaling back its stimulus programme this year. Yellen, in remarks released ahead of the Senate hearing yesterday to confirm her as new Fed chair, said the central bank had “more work to [...]
New York Report: Fresh highs for Dow and S&P on easing hint November 14, 2013 THE DOW and the S&P 500 index ended at new highs last night after comments from Janet Yellen, the US Federal Reserve chair nominee, suggested the Fed’s accommodative policies would continue as long as the economy remains fragile. Gains in the technology-heavy Nasdaq and the Dow were held back by Cisco Systems, however, after the [...]
No taper, says Yellen, but unemployment must be trimmed November 14, 2013 As anticipated, nominee for next chairperson of the US Federal Reserve, Janet Yellen has just delivered a very dovish speech to the Senate Banking Committee. There is no set time for tapering, and the biggest problem facing the US economy at the moment is the plight of the long-term unemployed – a "virtually unprecedented" situation, [...]
What you need to know before the open – 14/11 November 14, 2013 Europe is set to open higher this morning after US markets saw a record close and Fed chair elect Janet Yellen's dovish remarks to the Senate Banking Committee last night. dunno how Republican Congressmen will feel about her but markets have a crush on Janet Yellen. — kit juckes (@kitjuckes) November 14, 2013 Yellen [...]
Yellen strikes dovish tone with her comments on US economy November 13, 2013 JANET Yellen, President Barack Obama’s nominee to chair the Federal Reserve, said yesterday that the US central bank has “more work to do” to help an economy and labor market that are still underperforming. “I believe that supporting the recovery today is the surest path to returning to a more normal approach to monetary policy,” [...]