Stocks hold fractional gains (SPU + 0.1%) after Fed minutes show Hawks worry that delay in rate hike could cause recession and Fed Minutes show split on rate hike in September meeting. The Doves on the other hand are concerned that holding off could send the economy into recession. Indicators are neutral with a slight bearish tilt.
WASHINGTON (Reuters) - Several voting Federal Reserve policymakers judged a rate hike would be warranted "relatively soon" if the U.S. economy continued to strengthen but doubts on inflation remained, according to the minutes of the Fed's September policy meeting released on Wednesday.
NEW YORK (Reuters) - The S&P 500 and the Dow Jones industrial average indexes ended Wednesday's session with slight gains as expectations for timing on a rate hike timing were largely unchanged after minutes from the most recent meeting of the U.S. Federal Reserve.
WASHINGTON (Reuters) - Deutsche Bank will pay a $9.5 million penalty to settle civil charges that it failed to properly safeguard material non-public information generated by its research analysts and of publishing an improper research report, U.S. regulators said Wednesday.
NEW YORK (Reuters) - Samsung Electronics Co Ltd said it was sending fireproof packaging and gloves to customers who bought the Galaxy Note 7 phone on its website, so they could safely return the devices after a recall and reports that some replacement phones went up in flames.
(Reuters) - Photo-sharing app Snapchat has chosen Morgan Stanley and Goldman Sachs Group Inc as lead bankers for its initial public offering, which could happen as soon as March, Bloomberg reported, citing people familiar with the matter.
NEW YORK (Reuters) - Global equity markets remained slightly lower and the dollar a bit higher on Wednesday after minutes from a meeting of Federal Reserve policymakers last month indicated raising U.S. interest rates was warranted if the economy continued to strengthen.
LONDON (Reuters) - OPEC reported a increase in its oil production in September to the highest in at least eight years and raised its forecast for 2017 non-OPEC supply growth, pointing to a larger surplus next year despite the group's deal to cut output.
MOSCOW (Reuters) - The Russian government's sale of a controlling stake in mid-sized oil firm Bashneft to the country's largest oil producer Rosneft should give momentum to Russia's privatization drive, President Vladimir Putin said on Wednesday.
We suspect that Bill got a firm "talking to" last week after making comments at a rally that Obamacare was "killing the small-business people" and the middle class while describing it generally as the "craziest thing in the world." But, it seems he may need a quick refresher after taking the opportunity to label all Trump supporters as your "standard redneck."
We look forward to the mainstream media's extensive coverage and faux outrage over this clip.
Authored by Michael Lebowitz (or 720Global.com) via RealInvestmentAdvice.com,
"To me, a wise and humane policy is occasionally to let inflation rise even when inflation is running above target" - Janet Yellen Chairwoman Federal Reserve
"And, beyond that, would a rise in inflation to 3 percent or even 4 percent be a terrible thing? On the contrary, it would almost surely help the economy" - Paul Krugman Nobel Prize winning economist, Professor and Journalist New York Times
"Events since 2010 have led me to conclude those objections no longer apply. The Federal Reserve should give serious consideration to raising its inflation target?" Greg IP Author and Journalist Wall Street Journal
Why do the Federal Reserve and many economists want more inflation? Based on commonly held perspectives among economists and commentators in the financial media, one would think that inflation was something vital to the proper functioning of our economy. Long forgotten, though only a short time ago, inflation as seen in the 1970s and 1980s, was enemy #1 of the U.S. economy. In this article we discuss the motives and incentives driving the current passion for inflation.
The first step toward understanding why the Fed and most of the world's leading economists desire inflation and abhor deflation begins ...
In what appears an amusing instance of the Clinton Foundation caught (with its pants down) in a glorious pay-to-play moment, in one of today's leaked Podesta emails from November 2011, Ira Magaziner, who is Vice Chairman and CEO of the Clinton Health Access Initiative, sent an email to John Podesta and Amitabh Desai, Director of Foreign Policy at the Clinton Foundation, in which he said that "CHAI [Clinton Health Access Initiative] would like to request that President Clinton call Sheik Mohammed to thank him for offering his plane to the conference in Ethiopia and expressing regrets that President Clinton's schedule does not permit him to attend the conference."
He appears to be referring to Sheikh Mohammed Hussein Ali Al-'Amoudi, a Saudi Arabian and Ethiopian billionaire businessman, whose net worth was estimated at Forbes at $8.3 billion as of 2016.
He is also a prominent donor of the Clinton Health Access Initiative.
To this the response by Desai is a very simple one: "Unless Sheikh Mo has sent us a $6 million check, this sounds crazy to do."
At this point, Bill Clinton's former chief advisor and current president of the infamous Teneo Holding Doug Band, chimes in that it probably is a good idea: "If he doesn't do it Chai will say he didn't give the money bc of wjc."
After Russia's foreign minister trolled the US election, describing it as a "pussy galore" moment, when in an interview with CNN's Christine Ammanpour, he sad "there are so many pussies around your presidential campaign on both sides that I prefer not to comment," his boss, Vladimir Putin also went on the record to address the allegation by US intelligence services which last Friday officially accused the Kremlin of coordinating the ongoing cyberattacks targeting democrats, and said that the scandal that hacking scandal has not been in Moscow's interests and both sides in the U.S. election campaign are just using Russia to score points.
The Russian leaders' statement comes one day after the White House did not reveal how if at all, it would respond to "Russia's hacking", but said it would consider a variety of responses to the alleged hacks.
Putin accused the US of "starting this hysteria, saying that this (hacking) is in Russia's interests. But this has nothing to do with Russia's interests," in a speech during a business forum in Moscow.
He added that the accusations were a ploy to divert U.S. voters' attention at a time when public opinion was being manipulated. "Everyone is talking about 'who did it' (the hacking)," said Putin. "But is it that important? The most important thing is what is inside this information."
Well, yes, but... oh look, Trump talking about grabbing pussy!
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