In a speech at the central bank’s annual Jackson Hole Summit, Yellen did not indicate when the central bank would raise rates but pointed at increases in the horizon.
“Even as observers have worked into a virtual frenzy looking for Federal Reserve Chair Janet Yellen to deliver a more transparent message on the outlook for interest rate moves, she’s still holding her cards fairly close”, Mark Hamrick, Washington bureau chief...
“We see no reason why FOMC chairwoman Janet Yellen would firm up her intention to raise the Fed funds rate five weeks ahead of the next FOMC meeting”, he continued.
Analysts were unimpressed with the report, however, as JPMorgan Chase lowered its price target to $8.50 from $10, calling it a “disappointing quarter”. The stock’s Dividend stands at 1.52 and Dividend Yield stands at 2.17 Percent. The stock traded down to $10.20...
The U.S. Navy destroyer USS Nitze was “harassed” by four Iranian Revolutionary Guard small craft on Tuesday, some of them coming as close as 300 yards to the ship as it was in the vicinity of the Strait of Hormuz, a Department of Defense official said Wednesday.
Chiefs: Fifth-round pick Tyreek Hill caught a 58-yard pass from Foles in the third quarter that set up a touchdown. In three preseason games, Shaw had completed 11-of-16 passes for 127 yards and two touchdowns, good for a passer rating of 132.0.
Accusations of eye gouging by the New Zealand prop Owen Franks soured their 29-9 victory over Australia in the Rugby Championship on Saturday, which also ensured the world champions retained the Bledisloe Cup.
He said that the Night Tube is “absolutely vital” to his plans to support and grow London’s night-time economy, and that he had “made getting the Night Tube up and running a priority”.
Total sales were down 2.6%, while total sales at constant exchange rate were down 1.3%. The Zale integration is running well and synergies remain on target. On track to deliver cumulative synergies of $158 million to $175 million by end of this fiscal year and $225 million to...