Yellen: Economy Will Need Fed’s Support for ‘Some Time’
Federal Reserve Chair Janet Yellen used a speech to a community development conference in Chicago to make the case for continued Fed stimulus.
Fed Changes Interest Rate Policy, Linking to Wider Data Range
The Fed gave itself room to keep interest rates low by dropping a linkage between the benchmark interest rate and a specific level of unemployment.
Fed Links Rate Outlook to Range of Data; Drops 6.5% Jobless Threshold
FOMC said ‘highly accommodative stance of monetary policy remains appropriate’ before its first meeting led by Janet Yellen.
Junk Bonds at $2 Trillion as Gundlach Pulls Back
“They’ve squeezed all the toothpaste out of the tube,” DoubleLine CEO Jeffrey Gundlach says.
Top Portfolio Products: State Street Launches Global Bond ETF
IFC and Incapital roll out bond program, while Solactive introduces a green bond index.
Fidelity’s Morrison to Succeed O’Hanley as Investment Chief
Charles Morrison most recently was head of Fidelity’s $750 billion fixed income division.
U.S. Payrolls Rise Less Than Forecast; Jobless Rate Falls
The unemployment rate unexpectedly declined to 6.6%.
ETFs ‘Just in the Third Inning’
Advisors wondering if an ETF market that has passed $1 trillion in assets is ready to slow down haven't met Nasdaq chief indexer John Jacobs.
Best & Worst States for Fiscal Health
The Mercatus Center ranked the states using four measures of short- and long-term financial health.
Producer Prices Rose in 2013 by Least in Five Years
Wholesale prices in the U.S. climbed in December for the first time in three months to cap the smallest annual increase in five years, showing companies face little pressure to charge more.