Mario Draghi Says ECB Held Talks on Future of Stimulus
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The European Central Bank has begun to consider how quickly it will reduce its purchases of government bonds in 2018, and the pace of tapering will depend in part on the euro's strength, Mario Draghi said.
Stocks Slip as Hurricane Irma Threatens U.S.
Shares of U.S. companies had opened higher following the European Central Bank's decision to leave monetary policy unchanged, but falling Treasury yields, along with concerns over the threat the storm poses to insurers, contributed to stocks' drop later in the morning.
Fed's Mester: Further Gradual Increases in Fed-Funds Rate Needed
Federal Reserve Bank of Cleveland president Loretta Mester said the Fed's plans to begin to shrink its massive portfolio of bonds and other assets pose less of a risk to a spike in long-term Treasury yields than current political uncertainty.
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WSJ Survey: Economists Expect Next Fed Rate Increase in December
Most economists surveyed by The Wall Street Journal expect the Federal Reserve to next raise interest rates in December, and most said Janet Yellen should get a second term as the central bank's chairwoman.
ECB's Draghi Sends Euro on a Wild Ride
The euro ended the European trading day up by nearly 1% Thursday, after the European Central Bank raised its growth forecasts, triggering a volatile ride for a currency that has appreciated rapidly this year.
U.S. Second-Quarter Productivity Rose at Revised 1.5% Rate
U.S. worker productivity grew faster than initially estimated in the second quarter, though it has remained sluggish during the slow but sturdy economic expansion.
U.S. Jobless Claims Jumped as Harvey Hit Gulf Coast
The number of Americans applying for new unemployment benefits jumped last week as Hurricane Harvey pounded Houston and the Gulf Coast.
Trump Banking-Oversight Nominees Clear Hurdle
The Senate Banking Committee advanced two Trump administration banking-oversight nominees: Randal Quarles to be Federal Reserve vice chairman for banking supervision, and Joseph Otting to be comptroller of the currency.
Big Rig Orders Rise as Trucking Outlook Brightens
Heavy-duty truck orders accelerated for the third straight month amid growing confidence in the strengthening freight market.
Mexico's Annual Inflation Hits 16-Year High
Mexico's annual inflation accelerated in line with expectations in August, hitting its highest level in more than 16 years, mainly due to increases for gasoline and some agricultural and food prices.
(END) Dow Jones Newswires
September 07, 2017 13:15 ET (17:15 GMT)