This afternoon Federal Reserve Chairwoman Janet Yellen is set to give a testimony to congress. Yellen did not directly answer a question about whether she was open to serving another four years should she be re-nominated by Trump. Dollar/yen breached the 113 handle immediately following the release, but managed to recover slightly as the Fed Chair started her testimony and was last trading at 113.17.
Yellen is due to testify before the House Financial Services Committee on Wednesday and before the Senate Banking Committee on Thursday.
Yellen replied: "It may well be". Indeed, Yellen says in her testimony, "because we also anticipate that the factors that are now holding down the neutral rate will diminish somewhat over time, additional gradual rate hikes are likely to be appropriate over the next few years". Forex market sentiment was hit by hawkish remarks from a Fed official who advocated a rate hike this year.
And to keep more hopes alive for lower rates rather than higher ones, at least by historical standards, Yellen said that the longer-run neutral fed funds level most likely will remain under levels of the prior decades.
Inflation has been running well below the Fed's 2% target in recent months, leading some analysts to argue that the policymakers should hold off on hiking rates or otherwise withdrawing monetary support for the economy.
Just a day earlier came comments from Fed Governor Lael Brainard saying that a low-neutral rate over the medium term means that the Fed wouldn't have much more additional work to do on moving toward a neutral stance. But she said those factors would drop of the inflation calculation.
The Federal Reserve said Friday it sees hopeful signs that business investment is poised to rebound from the doldrums of the global financial crisis and boost the U.S. economy. Given her term as chair expires February 3, several lawmakers were also curious about whether she'd be interested in another four years.
That "has to be an important piece to understand what has happened", she said.
Trump Jr. released emails showing he agreed to meet with someone he believed to be a "Russian government attorney" last summer after receiving an email offering him "very high level and sensitive information" that would "incriminate" Democratic presidential nominee Hillary Clinton.
Several Democrats, perhaps as a way of saying farewell in case she's not reappointed, heaped praise on Yellen's stewardship of the economy.
Jobs are looking great and growth is mediocre. She said job gains were above the bank's estimate and that the economy picked up in the second quarter on a rebound in household spending and stronger overseas demand helping U.S. manufacturers.
For now, it's too early to say what the cause may be, but bomb squads from multiple police forces are on the scene investigating. The explosion caused heavy damage to the doors of the Air Force Recruitment Center in a shopping plaza just after 10:30 p.m.
The company had revenue of $2.70 billion during the quarter, compared to the consensus estimate of $2.56 billion. But shares have plunged nearly 15 per cent this week, translating to lost market value of $8.7 billion.
Disability rights groups have continued protesting the legislation, taking over several Republican senators' offices. Senate's health care bill on North Carolinians, there may be no better description of the resulting media coverage.
He should start doing his", the statement added". "No one would perceive that as a threat", he calmly told Raddatz. The 28-second-long video appears to be an edited clip from Trump's appearance in Wrestlemania from a decade ago.
Chinese doctors said Friday that they have stopped using cancer-fighting drugs so as not to overwhelm his severely weakened liver. China's Foreign Ministry did not immediately respond to a request for comment on whether Mr Liu would be allowed to leave.
Jordan and Israel are also part of the deal, the Associated Press reports , quoting an unnamed USA official. The countries previously said they would hold the next round of talks in Astana in the final week of August.
Trump said the United States and the world must "demonstrate that there are consequences for their very, very bad behavior ". Trump also touched on immigration during his speech, which has also been a flashpoint in Polish politics.
Sources said that the three persons including two women were killed as a result of Indian firing and shelling. In another incident, three soldiers were injured after the terrorists attacked an Army patrol in Bandipora.
Further north, sub-$2 prices were rampant across metro regions including Tampa, Orlando, Melbourne and Vero Beach. The drop in prices came despite a 4 cents per gallon increase in Tennessee's state gas tax, effective Saturday.
Why Kermit the Frog is getting a new voice
In addition to playing Constantine, he has taken on classic Muppet characters Lew Zealand, Floyd Pepper, and the Count. A Muppets Studio spokeswoman said the long-time Muppets performer Matt Vogel would be taking over the role of Kermit.
Follow our coverage of tonight's Home Run Derby
The other two to do it also were in the AL: Fred Lynn of the Red Sox in 1975 and Ichiro Suzuki of the Mariners in 2001. Stanton's average home run distance on the night was 446 feet and the 10 longest of that Derby all came off his bat.
Dalian Wanda to Sell $9.3 Billion in Hotels and Tourism Stakes
Wanda is to use all proceeds from the deal to pay back loans, according to the report, which also cited an interview with Wang. In a brief joint statement , the two companies said Sunac would buy 76 hotels outright, without specifying which properties.
Blac Chyna to tell-all about Rob rant
The 29-year-old model said she was shocked when Kardashian , 30, posted nude photos of her on his Instagram account last week. She claimed she sent her ex a video of her in bed with another man as a way of getting Kardashian to leave her alone.
The ripple effect of the Avery Bradley-Marcus Morris trade
Bradley is entering the final season of a four-year contract, so it's not clear if he can be a long-term solution for Detroit. The Celtics are weaker on the perimeter, though Marcus Smart can handle some of Bradley's defensive responsibilities.
That Trump tweet on the DNC hack has 3 errors
The intelligence community has said Moscow was behind the hacks into Democratic organizations. "Nobody really knows", Trump said. Trump used his most direct rhetoric yet toward Moscow, urging the Kremlin to "cease its destabilizing activities".
What to watch for in the June jobs report
In June, average hourly earnings of private-sector production and nonsupervisory employees increased by 4 cents to $22.03. United States employment rose by more than expected last month, but wage growth remained subdued, latest figures show.
Opioid Prescriptions Have Tripled Since 1999
But the sheer volume of opioids prescribed that year was still three times higher than in 1999, according to new government data. But CDC Acting Director Anne Schuchat said that only explains a small fraction of the variation the CDC found across counties.
HTC 'Ocean Life' to offer Edge Sense at a mid-range price tag
The " Ocean Life " codename gives good indication that this is indeed what HTC has in mind since the U11 is codenamed "Ocean". Notably, the tipster has further revealed that just like the HTC U11, the Ocean Life will also have the Edge Sense technology.
Angela Merkel stands by claim that Europe can not rely on US
And Kevin Rudd said it appeared the United States was on brink of triggering a trade war with China over inaction on North Korea. Trump announced on Twitter that he would be talking on the phone with leaders from Germany, Italy and France on Monday.
Microsoft reorganizes sales efforts; layoffs loom
The post Microsoft's Shift to Cloud Services: "Good" for Company But "Bad" for Employees appeared first on Market Exclusive. The reports suggest that thousands of staff could be made redundant, with an official announcement coming later this week.