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Benzinga Market Primer, Tuesday September 18
Tuesday, September 18, 2012 - 8:21am | 773U.S. equity futures slipped in early trade Tuesday as fears over the finances of Spain once again dominated the markets. Rising bond yields for Spain may force it into a bailout, allowing ECB President Mario Draghi to launch his new plan and purchase Spanish bonds to keep yields lower. Also,...
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Benzinga Market Primer: Monday, June 11
Monday, June 11, 2012 - 7:26am | 678Good morning on this Monday, and it is a good Monday as we wake up to see a sea of green. Stock futures and other risk assets are up overnight as the Eurogroup agreed to a bailout package of the Spanish banks overnight and Chinese data was not as bad as expected following the surprise rate cuts...
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Fed's Evans Reiterates Dovish Stance on CNBC
Thursday, June 7, 2012 - 4:32pm | 243Charles Evans, President of the Chicago Fed and FOMC voting member, in an interview with Maria Bartiromo on CNBC, reiterated his dovish stance and supported further Fed easing. He said that employment growth is disappointing and that traders tend to forget that Europe is entering a recession and...
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ECB, BoC, RBA, Fed: Central Bank Watch 2.0, Predicting More Twist
Wednesday, June 6, 2012 - 9:54am | 935On Monday, I highlighted that this week was was full of central bank activity, with speeches from officials and rate decisions around the world. So far, the Bank of Canada, the Royal Bank of Australia, and the European Central Bank have all reported, so let us recap the decisions there. Also, many...
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Calling All Crisis Resolutions: Central Bank Watch
Monday, June 4, 2012 - 11:05am | 518This week, five central banks are set to report their interest rate decisions and Chairman Ben Bernanke is set to testify on his economic outlook. This a full calendar, and with traders, investors, and analysts alike clamoring for some form of added liquidity, it is interesting to see what moves...
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Will 2012 be the Year King Dollar Returns?
Thursday, December 29, 2011 - 10:14am | 519The US dollar had a bumpy year in 2011. When the dollar's value is measured against other currencies, it will end the year at a level roughly equivalent to where it started. With three days left in the year, the US dollar index will (baring a major shift) close just above 80, roughly where it was...
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Why We're Getting QE3
Wednesday, November 2, 2011 - 1:04pm | 604We just got the full statement from the FOMC and there were no changes, except one major one. We went from three dissenters to one. The one was a dove, Chicago Federal Reserve President Charles Evans. Evans said that he was in favor of additional easing, which shows that Evans is a bigger dove...
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Do We Need More QE?
Friday, September 30, 2011 - 11:47am | 689St. Louis Federal Reserve President James Bullard is making some comments that are crossing the wires, and surprisingly, he is talking about the potential for more quantitative easing, despite the fact that Operation Twist has not even started yet. The initial reaction to Operation Twist is...
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Let's Do The Twist, Like We Did In The '60's
Thursday, September 8, 2011 - 10:31am | 1177Last night, in the Wall Street Journal, journalist Jon Hilsenrath essentially told us what we already know. The Federal Reserve is going to act with additional easing. Hilsenrath has long been the preferred mouthpiece of the Bernanke Fed, and to have him write an article like this is not...
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Is QE3 Right Around The Corner?
Tuesday, August 30, 2011 - 8:58am | 916So much for no QE3, at least if Charles Evans gets his way. Chicago Federal Reserve President Charles Evans was on CNBC just a few minutes ago, and comments from Evans made it sure seem like an additional round of quantitative easing is on its way. Gold, silver, and bonds are moving higher on the...
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Blow For The Bulls As Evans Says Doesn't Want More QE
Tuesday, June 7, 2011 - 11:35am | 183In what could be described as a blow to bulls, Federal Reserve President Charles Evans has said that he does not want to do additional quantitative easing in an interview with the Wall Street Journal. Evans, who is the president of the Federal Reserve Bank of Chicago, said that he expects growth...
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Chicago Fed: Double Dip Risk Increasing
Tuesday, August 24, 2010 - 11:03am | 209Chicago Federal Reserve president Charles Evans says the risks of a double dip have increased recently, according to a report from Reuters. "A double dip is not the most likely outcome but I am concerned about how strong the recovery will be," Evans said at a housing event in Indianapolis. Evans...