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Fed Speculation, PBOC Statement Leave US Dollar on Defensive Footing
Tuesday, November 19, 2013 - 2:52pm | 400The US Dollar was indecisive during the New York trading session on Tuesday after seeing two days of losses. Fed Rhetoric On Monday, the greenback fell to its lowest levels since November 7, after New York Fed President William C. Dudley delivered a speech to students and professors at Queens...
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Market Wrap For November 14: We Have A New Fed Chair!
Thursday, November 14, 2013 - 5:38pm | 1641After much anticipation, Janet Yellen was officially nominated as Federal Reserve Chairperson this morning. Yellen offered no surprises during her testimony, which was prepared in advance and made public last night. U.S. markets, as expected, edged slightly higher to continue the rally that was...
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Will The Fed Be Tapering This Holiday Season?
Thursday, October 31, 2013 - 10:14am | 3192It looks like Mr. Bernanke may want to go out in style. Just about the time investors around the globe had concluded that there was simply no way the Fed could begin tapering the size of its QE programs before March or April of next year, it looks like Wednesday's FOMC statement put the taper back...
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Ben Bernanke Can't Be Too Happy
Wednesday, October 9, 2013 - 1:00pm | 3466Thought for the day: Ben Bernanke probably isn't too happy right about now. After rescuing the global banking system from the brink of collapse in 2008, after dealing with not one, not two, but three European debt crises over the past four years, and after surviving at least two rounds of...
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NY Fed President William Dudley Sees Little Change After Chair Transition
Tuesday, September 24, 2013 - 10:27am | 249New York Fed president William Dudley encouraged support in the Federal Reserve's present monetary policy moving forward towards the Fed's chair transition on CNBC's Squawk Box Tuesday morning. "I think that the market should have reasonable confidence in the forward guidance, because the reality...
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Bernanke Not Taking Any Chances After Wednesday's Fed Decision
Thursday, September 19, 2013 - 1:55pm | 3425Ben Bernanke's Fed surprised the vast majority of investors Wednesday when the FOMC decided not to begin tapering the stimulus being provided to the economy via the monthly purchase of $85 billion in bonds and mortgage-backed securities. The move came as a surprise because "Gentle Ben" has been "...
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Euro Climbs To Seven Month High Against The Greenback
Thursday, September 19, 2013 - 8:01am | 275The euro held on to gains on Thursday after surging on Wednesday following the Federal Reserve's policy meeting. The US central bank shocked markets by announcing that it would continue with its $85 billion per month stimulus plan. The euro leapt above $1.35 and traded at $1.3535 at 7:30 GMT on...
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Is The Taper Priced In?
Wednesday, September 18, 2013 - 1:58pm | 3575Depending on your point of view, stocks appear to be set up to either (a) break out to new highs after Wednesday's Fed announcement or (b) dive back into what would then be a very defined trading range. While the consensus among analysts is that Ben Bernanke will announce a "tapering" of the Fed's...
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What's Coming From The Fed? Goldman Sachs' CEO Lloyd Blankfein Weighs In
Wednesday, September 18, 2013 - 12:56pm | 279Goldman Sachs (NYSE: GS) CEO and Chairman Lloyd Blankfein discussed a variety of timely topics on CNBC's Squawk Box on Wednesday morning, including the best person to replace Ben Bernanke as chair of the Federal Reserve and the impending accommodation reductions. With everyone's attention drawing...
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Experts Comment On Market Reactions To Larry Summers
Monday, September 16, 2013 - 4:43pm | 342IHS Chief Economist Dr. Nariman Behravesh and Federated Investors' Chief Equity Strategist Phil Orlando went over the possible market reactions to Larry Summers removing his name for chair of the Federal Reserve, just before the Federal Open Market Committee meeting this week, on CNBC's Squawk Box...
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If Everyone Hates Larry Summers, He Can't Be All Bad
Monday, September 16, 2013 - 10:35am | 444If people on both sides of the political aisle hate Lawrence Summers, then perhaps he's the right man for the job. Summers dropped out of the race to succeed Ben Bernanke as chairman of the Federal Reserve because he thought getting confirmed would be a difficult battle as a number of Democrats in...
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Summers Withdrawal Weighs The Dollar Down
Monday, September 16, 2013 - 7:48am | 298The dollar fell against the euro on Monday morning after news that the former Treasury Secretary Lawrence Summers dropped out of the race to become the new Federal Reserve Chairman in January. The euro traded at 1.3363 at 6:30 GMT on Monday morning. Summers was recommended along with Fed Vice...
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Brent Slides On UN Program To Destroy Syria's Chemical Weapons
Monday, September 16, 2013 - 7:45am | 304Brent crude oil slid below $111 on Monday morning and traded at $110.74 at 7:00 GMT. Prices tumbled after a deal between Russia and the US called off military action in Syria and eased concern about a supply interruption in the Middle East. CNBCreported that over the weekend, US Secretary of State...
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Barron's Recap: Seeking Higher Returns
Sunday, September 15, 2013 - 12:15pm | 920This weekend in Barron's online: why wealthy investors are taking on more risk, as well as the prospects for Barrick Gold, Scripps Networks Interactive, Computer Sciences and CST Brands. Cover Story "Seeking Higher Returns" by Karen Hube. Top wealth-management firms are urging investors to leave...
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Benzinga Market Primer: Friday, September 6: Companies And Investors Are Back Into Borrowing
Friday, September 6, 2013 - 6:34am | 1074After excessive debt caused the collapse of Lehman Brothers at the start of the US financial crisis, US companies shied away from taking new loans and focused on lowering their debt. However, five years later, it seems more and more companies are using corporate bonds to grow. The Federal Reserve...