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But he said full us employment should be achieved “in the near future” and inflation, while still too low for comfort, should gradually move back to a 2-percent goal.

There are only two more meetings left for the Fed this year – in October and December – and it’s likely that the Fed might want to see a few more employment reports and monitor the Chinese markets before making the decision.

Over the next month the market’s “fixation is going to shift” away from Fed lift-off talk, he says, and toward figuring out how the US and global economy is doing and what the outlook is for third-quarter corporate earnings.

BANK OF JAPAN: Japan’s central bank was wrapping up a two-day policy meeting on Tuesday, with most economists expecting it to retain its current, ultra-lax monetary policy. China’s Shanghai Composite Index fell 3.5 percent to 3,005.17. It appreciated 0.7 percent to...

But, she said, “we have some concerns about negative impacts from global developments and some tightening of financial conditions”.

“Such exceptionally low real interest rates are unlikely to be appropriate for an economy with persistently strong consumption growth and tightening labor markets”, Lacker said in a statement.

“We believe at some point in the near future the rate hike cycle needs to begin in order for the Fed to retain its credibility with the markets and to remind investors that rates can not stay at zero forever”.

Asian stocks mostly rose Friday, perked by relief that the U.S. Federal Reserve held off on raising interest rates for the time being, but European markets faltered as some investors interpreted the Fed decision as a sign of economic weakness.

“Recent global economic and financial developments may restrain economic activity somewhat and are likely to put further downward pressure on inflation in the near term”, the Fed said in its statement.

Higher rates could dent demand for non-interest paying bullion, while boosting the dollar. Prices jumped as much as 1.3 per cent to $US1,133.93, the highest since September 3.

At her news conference, Yellen stressed that even after the first increase from zero, interest rate policy will be “highly accommodative for quite some time”. The two-year Treasury note, which would be more heavily impacted by higher short-term interest rates, had an...

In a statement it issued after its meeting ended, the Fed said that while the USA job market is solid, global pressures may “restrain economic activity” and further slow inflation.

“I’m not talking about republicans, I’m talking about Americans who look at these videos from Planned Parenthood and are just sickened by it”, said Representative Chris Stewart, ( R ) Ut. The Senate has not yet acted on the issue. It, too, faces likely...

“Carson is now in a virtual tie with recent front-runner Donald Trump”, Rasmussen stated.

Scott Walker agreed that his opponent Carly Fiorina had a big night at the debate Wednesday, but he gives most of the credit to the media. The previous presidential primary leader was the Democratic debate in 2008, which had “only” 8.3 million viewers by comparison.