Lending rates have begun to rise, nudged up partly by recent RBI actions, but other clouded variables make the extent and pace of their course unpredictable. Inflation, for example
Fed chair: No interest rate hike coming any time soon yahoo.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from yahoo.com Daily Mail and Mail on Sunday newspapers.
today it s official but we ve known about a month this was going to happen. i think the fed has been doing good things and she ll provide good continuity. there is some republican opposition. senator ted cruz has already said that he s going to use the nomination to look for leverage to pass for requiring a deeper audit of the federal reserve. ylan, senator bob corker said i voted against vice chairman yellen s original nomination because of his dovish views on monetary policy. dovish view its, does that add up? janet yellen has been a strong supporter of the fed s easy money policy. the fed is pumping about $85 billion into the economy each month. there have been many folks, even within the fed, who have wondered whether or not that money is really effective in supporting the economy. and certainly many republicans have questioned that role as well. so janet yellen is seen as someone who might continue that program and in fact might
has more. tomorrow is labor day, but for wall street, real labor day is friday when the august jobs report comes out. estimates are 180,000 jobs were created last month, and that the unemployment rate will hold at 7.4%. a surprise to the up side could mean stocks head south because the fed could ease up on the easy money policy, which has fueled the markets, if it sees signs the economy is on the mend. that s over here. wall street will also be looking over there to the crisis in syria, with more uncertainty this weekend about if and when the u.s. will strike, stocks may sell off, but if history is any guide, we could see a rebound if the strike is swift. if there s also worry gas prices may spike, fueled by unrest in the middle east, some forecast the tension in the middle east could hike gas prices from the national average of about $3.56 a gallon ten cents in the next