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Wall St mixed after manufacturing data
FT.com - US blue chip stocks fell on Monday after data showed an unexpected recovery in September manufacturing activity, raising fears the Federal Reserve would continue to raise interest rates.
Inflation at top end of Fed zone: Fisher
Reuters - Dallas Federal Reserve Bank President
Richard Fisher said on Tuesday inflation was running at the
'upper end of the Fed's tolerance zone' and warned a loose
fiscal policy risked pushing interest rates higher.
Bourses sink after weak Wall Street
FT.com - Europe's bourses sank from 3½ year highs set in the previous session after more hawkish comments from an official of the US Federal Reserve depressed Wall Street.
Another sharp fall seen on bourses
FT.com - The sharp reverse on European bourses seen in the previous session is expected to be extended on Thursday after a second day of losses on Wall Street following further Federal Reserve officials talk of clamping down on inflation.
U.S. Treasury Secretary to Visit Japan
AP - U.S. Treasury Secretary John Snow is scheduled to arrive Sunday in Asia for talks with Japanese and Chinese counterparts amid ballooning American trade deficits and increased trade tensions with the export powerhouses.
Greenspan Concerned About Risky Mortgages
AP - Federal Reserve Chairman Alan Greenspan is turning up the volume on his warnings about the potential perils of certain risky mortgages if the high-flying housing market loses significant altitude.
US Treasury chief on reform push in Asia
AFP - US Treasury Secretary John Snow has arrived here to launch a regional tour set to be dominated by US calls for deep-seated reform of China's currency and trade regimes.
Snow in Japan, China top of the agenda
AFP - US Treasury Secretary John Snow begins a regional tour here to be dominated by US calls for deep-seated reform of China's currency and trade regimes as the clock ticks down to a crucial global trade meeting in Hong Kong.
Snow in Asia prods China towards currency reform
AFP - US Treasury Secretary John Snow urged China to relax its grip on its currency to stimulate global growth as he prepared to take US demands for reform to the heart of the Asian economic powerhouse.
U.S. Treasury's Snow Visits China
AP - U.S. Treasury Secretary John Snow was touring the Chinese financial center of Shanghai on Wednesday as he embarked on a visit expected to focus on China's currency policies and its huge and growing trade surplus with the United States.
Jobless claims edge down
Reuters - The number of Americans filing new
claims for jobless aid dipped by 2,000 last week, defying Wall
Street expectations for a larger fall, as the aftermath of Gulf
Coast hurricanes continued to weigh on the U.S. job market, the
government said on Thursday.
Preliminary consumer sentiment 75.4
Reuters - The University of Michigan's preliminary
reading of its October index of consumer sentiment fell to 75.4
from September's final reading of 76.9, according to a report
released on Friday and seen by market sources.
Cox pledges swift action on any fraud
Reuters - The chairman of the U.S.
Securities and Exchange Commission, Christopher Cox, on Sunday
pledged swift action against U.S. financial fraud but declined
direct comment on teetering broker Refco Inc.
US says China must keep Congress at bay over forex row
AFP - US Treasury Secretary John Snow said China needs to take bolder action to change its currency regime if it wants to head off mounting protectionist anger among US lawmakers.
Greenspan says world will have to live with high oil prices
AFP - US Federal Reserve chairman Alan Greenspan said the world would have to learn to live with high oil prices and their negative impact on economic growth "for some time to come".
Bourses seen opening lower on inflation fears
FT.com - European stocks were expected to open lower on Wednesday after a weak showing in the US followed hawkish rhetoric from the Federal Reserve sparking concerns that more rapid rises to US interest rates will be needed to fight inflation.
Dollar kept near highs by Fed speeches
FT.com - The dollar was supported near its recent highs by expectations of higher US interest rates bolstered by comments from three Federal Reserve officials suggesting continued tightening of monetary policy.
Better Odds for Some Fed Chief Hopefuls?
BusinessWeek Online - As the White House has stepped up its search for a successor to departing Federal Reserve Chairman Alan Greenspan next year, Administration officials haven't been shy about asking outsiders for advice. 'Part of the process is to reach outside the White House and solicit opinions,' President Bush told reporters on Oct. 4.
Text of Ben Bernanke's Nomination to Fed
AP - President George W. Bush's remarks in the nomination of Ben Bernanke to the role of chairman of the Federal Reserve, as transcribed by CQ Transcriptions.
US optimism drives gains in Tokyo stocks
FT.com - Japanese stocks leapt upwards on Tuesday morning, boosted by renewed optimism about the US economy.
Bill Gross: Bernanke Is the "Right Guy"
BusinessWeek Online - Bond-fund king William H. Gross has long been a critic of Federal Reserve Chairman Alan Greenspan's interest rate maneuvers. As chief investment officer at Pacific Investment Management Co. (PIMCO), the world's largest bond-fund manager, which has $513 billion in assets, Gross has a lot riding on which direction rates go.
UN report due on Iraq oil-for-food scandal
FT.com - The independent committee, headed by Paul Volcker, former chairman of the Federal Reserve, is due to publish details of the role of foreign companies and individuals in the scandal when it releases its final report on Thursday.
Economy Grows at an Energetic Rate in 3Q
AP - Economic activity expanded at an energetic 3.8 percent annual rate in the third quarter, providing vivid evidence of the economy's stamina even as it coped with the destructive forces of hurricanes Katrina and Rita.
Stocks to eye Fed and inflation
Reuters - The Federal Reserve is widely expected
to raise U.S. interest rates next week, so investors will
scrutinize economic data for signs of inflation and focus on
corporate outlooks for hints of weakness.
Fed expected to order 12th straight interest hike
AFP - With the US economy showing resilience in the face of hurricanes and high energy costs, the Federal Reserve is expected to lift interest rates this week for the 12th time in as many meetings, analysts say.
Euro eases as rate decisions awaited
FT.com - The euro eased slightly against the dollar on Monday ahead of decisions this week on interest rates by the European Central Bank and the US Federal Reserve.
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