Economic indicators positive, sideways and negative Yellen says she expects FED will raise rates in 2015 if employment grows Bill Gross criticizes the FED’s zero policy U.S. Bank Chief Investment Officer John De Clue, in a presentation to Denver area businesses, called for oil prices to eventually settle back at $60 per barrel. De Clue pointed to the lingering global oversupply and
Russia at risk of a Fed rate-raise – Moody’s A report from Moody’s Investors Service named Russia among four emerging markets most at risk from a potential increase in the U.S. interest rate, news that sent the ruble falling in value against the dollar for the first time in four days. The Russian currency slipped 0.6% to 65.86 to the
Stocks down as Yellen warns valuations are over historical averages Federal Reserve Chair Janet Yellen warned that stock valuations are “generally quite high,” and that “there are potential dangers” in a discussion yesterday with International Monetary Fund Managing Director Christine Lagarde. Many analysts point out that stock prices, relative to corporate earnings, are higher than their historic norms. This could
During a two-day conference sponsored by the Federal Reserve, the European Central Bank and the Federal Reserve Bank of New York, Federal Reserve Chair Janet Yellen said it is time for the Fed to start focusing on globalization. Yellen said that the Fed’s ability to fulfill its mandates for full employment and price stability depends on understanding global markets and
The Brookings Institute released a study last week comparing the effects of immediate lifting of the U.S. crude oil export ban vs. delaying till 2020. The study data showed a positive uptick for the GDP in all cases, a 0.14 change in welfare, annual reduction in unemployment, additional production of 1.5 MMBOD in 2015, decline in gasoline prices by 9
The Dow Jones Industrial Average closed above 17,000 for the first time in history in a shortened session on July 3, 2014. The average flirted with the historical mark for the past week but finally broke the barrier following a job report that included 288,000 new jobs (the fifth straight month of gains greater than 200,000) and the lowering of
March Madness may be recognized as the most exhilarating tournament in sports, but spectators simultaneously viewing the stock market with the Federal Reserve news conference on March 19, 2014, were treated to a roller coaster ride of their own. The market hung on every word spoken during Fed Chairwoman Janet Yellen’s debut until the organization insisted it will maintain the
The Federal Reserve (Fed) announced the addition of 169,000 jobs in its August 2013 report, and said the 7.3% unemployment rate is the lowest in five years. More than 300,000 jobs were added since June 2013. Average hourly earnings rose to $24.05, a $0.05 increase, and the average work week ticked up to 34.5 hours from 34.4, implying companies are
