Yellen keeps options open on rate hikes

Yellen keeps options open on rate hikes

Yellen keeps options open on rate hikes

Mainland markets recorded declines.

"What I should have stated originally when I made that comment, I believe we have done a great deal since the financial crisis to strengthen the system and to make it more resilient", she said in her semiannual remarks to the Senate Banking Committee.

Japan's Nikkei 225 gained 0.19 percent in early trade.

Data showed US producer prices unexpectedly rose in June.

The Dow rose 123.07 points or 0.6 percent to 21,532.14, the Nasdaq surged up 67.87 points or 1.1 percent to 6,261.17, and the S&P 500 advanced 17.72 points or 0.7 percent to 2,443.25. The S&P 500 was up 0.9% and the Dow Jones industrial average held a 0.6% gain.

Alfred Angelo Alternatives: How to Get a Replacement Dress Fast
The owner Christine Elliot said they haven't heard anything from the dress company and had no indication it would be closing. As important as the dress is, Martin said she hopes those who weren't as lucky have a happy ending no matter what.

Yellen, as she has done in the past, chose to dodge the question. In the banking sector, Mitsubishi UFJ Financial and Sumitomo Mitsui Financial are declining nearly 1 percent each.

Yellen also told lawmakers that the Fed expects the strength of the economy will warrant steady increases in federal interest rates.

"Market participants are increasingly convinced that the central bank's "dot plot" rate forecast will be adjusted downward, with the yield curve coming under pressure as investors fade the likelihood of rapid monetary tightening", Schamotta said.

"If this continues the Fed won't be able to move much further on rates, but they can also take comfort that what may look like an asset bubble isn't fooling firms, banks, or consumers into spending with reckless abandon".

Stocks responded positively to Yellen's prepared testimony to lawmakers.

King Felipe VI: Spain and United Kingdom 'profoundly intertwined'
Mr Picardo said: "The people of Gibraltar want normal, friendly relations with Spain on the same basis as with any other country". In a stinging rebuke, he described the King's comments "undemocratic" adding Gibraltar "will remain 100% British".

Yellen said that while uncertainty about domestic fiscal policies and economic troubles for major global trading partners complicates economic projections, she gave "roughly equal odds that the USA economy's performance will be somewhat stronger or somewhat less strong than we now project".

The Fed has targeted a 2 percent inflation rate. Additionally, Yellen said that in case of an economic slowdown, the central bank is open to building up its balance sheet again apart from cutting the federal funds rate.

Stocks to watch: J.P. Morgan (JPM) beat expectations on both revenue and profit, but shares gave up an early initial gain to turn 1% lower.

Upbeat economic data had helped the greenback remain steady, withfigures showing the number of Americans filing for unemployment benefits fell last week for the first time in a month and producer prices unexpectedly rose in June, likely keeping the Fed on track for a third rate increase this year.

Stock markets, meanwhile, marched higher.

Samsung Rolls Out Galaxy Note 7 Fan Edition
IFixit rates gadgets that they fix on a size of 1 to 10, 1 is extremely hard to fix and 10 indicates that it is easily repairable. Though the time frame isn't mentioned, it looks like the deal is for a limited period of time, or until stocks last.

Tech giant Apple (NASDAQ:AAPL) added 1.53% to $147.97. The Aussie was on track to rise 1.7 percent on the week, lifted by an improvement in broader investor risk appetite and rise in prices of commodities, notably iron ore.

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