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Weather does not stop the Fed

  • March 14, 2017
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The Fed confirmed that its interest-rate policy committee will meet as planned on Tuesday and Wednesday despite the winter storm that has hobbled much of the Nottheast. The Fed is widely expected to raise the range of its benchmark federal funds rate by a quarter-point at the end of its discussions. The central bank will

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Oil prices tumble after OPEC report shows Saudi production rising

  • March 14, 2017
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Crude futures reversed direction and turned lower on Tuesday, after a monthly report from the Organization of the Petroleum Exporting Countries showed production out of Saudi Arabia cresting back above 10 million barrels of oil per day.

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Why Mortgage Rates Will Keep Rising — Regardless of What the Fed Does This Week

  • March 14, 2017
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The bond market believes the economy is gaining momentum. Long before Federal Reserve policymakers begin gathering in Washington today to debate what to do with interest rates, mortgage rates throughout the country have been heating up. Borrowing rates on 30-year fixed-rate mortgages have climbed to 4.21%. That’s up from 4.09% in January and 3.54% in

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Treasury yields steady as investors await jobs report

  • March 10, 2017
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Treasury yields moved moderately lower Friday as investors awaited the jobs report from President Donald Trump’s first full month in office. The yield on the 10-year Treasury note edged lower to 2.604%, while the yield on the 30-year bond was flat at 3.189%. The yield on the two-year note was off slightly at 1.376%. Treasury

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People’s Bank of China’s Zhou signals policy shift with tighter credit controls

  • March 10, 2017
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China’s central bank head, Gov. Zhou Xiaochuan, on Friday indicated there’s a slight shift there away from the largely expansionary monetary policy that’s been in place for the last few years. With the economy healthier, the bank is moving to support government efforts to cut off overly generous credit and lower financial risks, he said

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U.S. added 235,000 jobs in February, likely giving the Fed the go-ahead for rate hike next week

  • March 10, 2017
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The U.S. economy added 235,000 net new jobs in February, beating expectations for 190,000 jobs. The unemployment rate ticked down to 4.7% from 4.8%, while the labor force participation rate edged up slightly to 63% from 62.9% in January. Economists had forecast 190,000 job gains, according to the median estimate of a Bloomberg survey. Many

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Jobless claims surge 20,000 to 243,000

  • March 9, 2017
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The number of Americans who applied for unemployment benefits jumped by 20,000 to 243,000 in early March, but layoffs remained near a 45-year low. Economists had expected initial jobless claims to total 238,000 in the seven days stretching from Feb. 26 to March 4

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U.S import prices surge again, but this time it’s not oil

  • March 9, 2017
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The price of imports rose in February for the third month in a row, and in a potentially worrisome sign, the increase spread beyond oil into other industrial and consumer goods. The import price index rose 0.2% in February following even bigger increases in the prior two months, the government reported Thursday. Yet unlike in

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ECB leaves rates unchanged, plans to leave them at present or lower levels for ‘extended period

  • March 9, 2017
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The European Central Bank offered no surprises Thursday as it left interest rates unchanged. The Governing Council left the main refinancing rate at 0%, while the rate on deposits parked overnight at the bank remains at minus 0.4%. The rate on the bank’s marginal lending facility remains at 0.25%. In a statement, the bank repeated

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European bond yields tick lower after ECB leaves interest-rates unchanged

  • March 9, 2017
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European government bond yields ticked lower on Thursday after the European Central Bank left its monetary-policy strategy steady. The yield on the 10-year German bund , considered the European benchmark, was up half a basis point on the day at 0.375%, while the yield on the 10-year French bond declined two basis points to 1.008%.

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