Fed's Bostic urges faster bond taper as economy strengthens
Federal Reserve Bank of Atlanta President Raphael Bostic said the central bank should move to taper its asset purchases after another strong month or two of employment gains, and proceed with that scaling-back process faster than in past episodes.
Federal Reserve Bank of Atlanta President Raphael Bostic said the central bank should move to taper its asset purchases after another strong month or two of employment gains, and proceed with that scaling-back process faster than in past episodes.
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By Julianna
Hey, moomooers! Here are things you need to know before the opening bell:
- Futures contracts tied to the major U.S. equity indexes were mildly higher in Thursday morning trade as Wall Street looked to improve upon a mixed week.
- Grill maker Weber sold fewer shares at a lower price than expected in its initial public offering, people familiar with the matter said, the latest sign the new-issue market may be cooling after a torrid run this summer.
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Asia eyes steady open, bonds up amid taper debate
Asian stocks are poised for a steady open Thursday, following gains for U.S. shares and Treasuries as the Federal Reserve minutes showed policy makers still awaiting more evidence of economic strength to determine a timeline for tapering asset purchases.
Futures pointed slightly lower in Japan and higher in Australia, and were little changed in Hong Kong. U.S. contracts were stable after the S&P 500 and Nasdaq Composite both closed at all-time highs. Ten-year U.S. Treasury yields fell for a seventh trading day, dipping briefly below 1.3% for the first time since February, as expectations for an infl...

Asian stocks to fall as growth concerns spur bonds
U.S. contracts edged down after the S&P 500 dipped from a record, led by the energy and financial sectors. Amazon.com Inc. helped take the Nasdaq 100 to a fresh peak. Ten-year U.S. Treasury yields hit February lows amid slower-than-expected service-sector expansion.
Oil, Gas stock ETFs are attracting most money in a decade
Money is flowing into exchange-traded funds focused on U.S. oil and gas stocks at the highest rate in a decade, yet another sign of ...