28 August, 2015 by The TZ Newswire Staff Comments Off on Schwab platform back online after being down
Schwab platform back online after being down
Charles Schwab’s online trading platforms were back online Friday after being “temporarily unavailable.”
28 August, 2015 by The TZ Newswire Staff Comments Off on US stock market opens softer
US stock market opens softer
US stock market open 28 August 2015
– S&P -5pts to 1982
– Dow -55pts to 16600
– Nasdaq 21pts to 4791
US 10 year yields 2.14% -4bp
28 August, 2015 by The TZ Newswire Staff Comments Off on Economic Report: Core inflation eases in July and moves further away from Fed’s target
Economic Report: Core inflation eases in July and moves further away from Fed’s target
Core inflation softened in July and moved further below the Federal Reserve’s 2% annual target.
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28 August, 2015 by The TZ Newswire Staff Comments Off on The government test almost no one can pass
The government test almost no one can pass
A test referred to as the “mother of all written exams in India” has a pass rate of just 0.002 percent, GlobalPost reports.
28 August, 2015 by The TZ Newswire Staff Comments Off on Fed’s Fischer to speak on CNBC at 11:20 am ET (1520 GMT)
Fed’s Fischer to speak on CNBC at 11:20 am ET (1520 GMT)
Fed Vice-Chairman Stanley Fischer to speak on live TV
What does it say that he’s scheduled a special appearance on live TV in the midst of a round of market volatility? That’s the kind of thing a central banker might do if he wanted to calm markets with a dovish signal before the close.
28 August, 2015 by The TZ Newswire Staff Comments Off on Fed’s Mester reasonably confident in getting CPI back to 2.0%
Fed’s Mester reasonably confident in getting CPI back to 2.0%
Mester speaking to Bloomberg TV at Jackson Hole
– Is looking at all the data and market developments
– Economy can sustain an increase in interest rates
– Mon pol has to be forward looking
Cleveland Fed’s Lorretta Mester wants to be proactive with policy
28 August, 2015 by The TZ Newswire Staff Comments Off on The Only Thing That Was Preventing A Rate Hike, Just Flashed A Rate Hike "Green Light"
The Only Thing That Was Preventing A Rate Hike, Just Flashed A Rate Hike "Green Light"
Overnight, UBS’ Drew Matus – who still expects a September rate hike – writes that while “domestic momentum seems strong enough to support the beginnings of policy normalization with a rate hike in September” and that “the FOMC’s central tendency projections for domestic activity are generally being met”, cautions that “foreign strains and their spillover into financial markets have lessened the likelihood of that hike.”