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Elizabeth Warren Slams Fed Chair Jerome Powell On Tackling Violation Of Bank's Insider Trading Policy: 'Allowed A Culture Of Corruption' (UPDATED)
Thursday, June 13, 2024 - 9:09pm | 673Editor’s note: This story has been updated to fix a minor typo in the fourth paragraph. Sen. Elizabeth Warren (D-Mass.) has criticized Federal Reserve Chair Jerome Powell for the “long-delayed ethics policy” at the U.S. Central Bank, which she claims “doesn’t fix a...
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Fed's Rosengren Further Explains Disagreement With Fed's Decision Not To Raise Rates
Sunday, September 25, 2016 - 6:41pm | 301It is of public knowledge that Federal Reserve Bank of Boston President Eric Rosengren, same as Kansas City Fed President Esther George and Cleveland Fed President Loretta Mester, disagreed with the FOMC’s decision not to raise interest rates for the time being. On Friday, Rosengren issued a...
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It's Fed Decision Day: Here Is What You Need To Know
Wednesday, September 21, 2016 - 7:17am | 350The Federal Reserve will conclude a two-day long meeting Wednesday and will issue a statement at 2 p.m. ET which will confirm if an interest rate hike has been approved. According to a Bloomberg report, a string of disappointing economic news over the past few months has led many to believe...
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Will Poor Jobs Data Delay A Rate Hike?
Monday, October 5, 2015 - 1:35pm | 359After the Federal Reserve decided to keep interest rates unchanged in September, many analysts shifted their projections for a rate hike to October. The general consensus is that the bank will increase interest rates before the end of the year. With the number of opportunities to do so running out...
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Fed Sees Low Probability Of A Recession
Tuesday, September 1, 2015 - 2:18pm | 144The Boston Fed's Eric Rosengren hit the wires Tuesday afternoon following another Rule 48 open on the NYSE. Below is a recap of Rosengren's comments (per Reuters): Rate hike cycle likely to be more gradual, reach lower levels than past cycle More modest U.S. tightening cycle '...
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What Is Each Fed President Saying About A Rate Hike?
Tuesday, August 25, 2015 - 11:32am | 760While global financial markets try to determine if the turmoil resulting from China’s economic weakness is enough to put a potential September Federal Reserve rate hike on hold for the time being, now is a good time to take a careful look at what 11 of the 13 Federal Reserve Bank Presidents...
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Market Wrap For January 7: Markets Reverse 3-Day Slump
Tuesday, January 7, 2014 - 5:39pm | 2743For the first time in the new year, markets ended the day on a positive note. While it is only a few days in, markets appear to have started off 2014 on uncertain footing. Investors and traders found some positives in the U.S. trade deficit which fell to its lowest level in four years, an...
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Market Wrap For December 20: Markets Gain On GDP Data
Friday, December 20, 2013 - 5:44pm | 1875Major indices received a boost in Friday's trading activity following a better than expected third quarter GDP. The surprising economic data is yet another key data that may suggests that the economy is healthy enough and could handle the Fed's recent decision to taper its bond buying program....
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Benzinga Market Primer: Wednesday, May 29
Wednesday, May 29, 2013 - 6:27am | 1051Futures Lower Following Tuesday Gains U.S. equity futures gave back some of Tuesday's gains in pre-market trade Wednesday. A driver of the sell-off could have been the IMF cutting its China growth forecast to 7.75 percent from 8 percent previously just one day after China's Premier said the...
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Benzinga Market Primer: Thursday, May 16: J.C. Penney Earnings In Focus
Thursday, May 16, 2013 - 6:47am | 1043Futures Flat After Strong Japanese GDP U.S. equity futures traded just near unchanged in early pre-market trade following a stronger than expected GDP report from Japan. Japan reported first quarter GDP rose 3.5 percent on an annualized basis, better than the 2.7 percent expected growth rate....
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Benzinga Market Primer: Wednesday, April 17
Wednesday, April 17, 2013 - 6:45am | 1267Futures Lower on Weak U.K. Employment Data, Easing Fears U.S. equity futures declined in the pre-market following weaker than expected U.K. employment data which showed that the U.K. economy lost jobs unexpectedly in March. Also, fears over the massive global QE, specifically in the U.S. and Japan...
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Weekly Preview: Earnings Season Kicks Into High Gear
Friday, April 12, 2013 - 4:24pm | 2148In the upcoming week, earnings season kicks into high gear as over 100 companies are expected to report quarterly updates. Key earnings from large companies across industries will set the tone for the market. In the previous week, stocks set new highs before selling off sharply Friday on global...
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Fed's Rosengren, Lockhart and Williams Argue for Continued Fed Action
Friday, November 2, 2012 - 3:58pm | 756Three Federal Reserve members spoke about monetary policy on Thursday and Friday. Eric Rosengren -- the head of the Boston Fed -- spoke on Thursday, as did Atlanta Fed Governor Dennis Lockhart. San Francisco Fed's Williams gave a speech on Friday. Lockhart and Williams are currently voting members...
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Benzinga Market Primer, Thursday September 20
Thursday, September 20, 2012 - 7:58am | 854U.S. equity futures slipped in early Thursday trading as global growth fears once again dominated markets. Despite massive amounts of new central bank liquidity, investors remain skeptical that the global economy can rebound to post-financial crisis levels. HSBC released their Chinese Manufacturing...
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Fed's Rosengren Calls for Open-Ended QE to "Boost Asset Prices"
Tuesday, August 7, 2012 - 9:32am | 374The President of the Federal Reserve Bank of Boston -- Eric Rosengren -- advocated sizable asset purchases by the Fed when he was interviewed on CNBC Tuesday morning. Rosengren is not a voting member of the Federal Open Market Committee, but he is an alternate member for both 2012 and 2013 and has...