Fed officials: Strong economy boosts chance for rate hikes

Tell us what you think: Where could rising yields do the most damage?

In order to safeguard your investments, the best approach is to look for stocks that are good investments in any market condition.

At our January meeting, the Federal Open Market Committee chose to maintain its target range for the federal funds rate between 1-1/4 percent and 1-1/2 percent.2 In this range, monetary policy remains accommodative.

"I anticipate further gradual increases in the policy rate will be appropriate to both sustain a healthy labor market and stabilize inflation around our 2 percent objective", Fed Governor Randal Quarles said in remarks prepared for delivery to the Institute for International Monetary Affairs in Tokyo.

Ah, but wait a minute. The minutes of the January meeting didn't indicate plans for additional moves, and analysts who read the minutes suggested the Fed would stay the course.

For the moment, he argues that my positive scenario for growth, inflation and interest rates are dominating my negative scenario but he thinks things could change as we get into 2018.

NBA Mavs owner Cuban fined $600000 for tanking comments
He is hiring outside counsel to investigate the claims and requiring everyone to undergo sensitivity training, including himself. Mavericks coach Rick Carlisle also responded to the Sports Illustrated report for the first time since it was published Tuesday.

Walmart bucked the trend of generally strong quarterly results this quarter; Goldman Sachs referred to the current seas as "one of the strongest earnings seasons on record".

The January meeting opened with staff presentations on inflation.

The Labor Department didn't announce those 200,000 new jobs and the wage increases until later that week. It also came before a very inflationary and stimulative budget deal in Congress that is expected to push the annual deficit past the $1 trillion threshold soon.

So, believing the opinion of the minutes released on Wednesday is like looking at the weather forecast for the end of January before deciding what to wear today.

The meltup in the 10-year period is getting serious now, nearing the 3% to 3.5% zone that many professionals have fingered as the danger zone where pricier credit will weigh on stock prices via everything from a pullback in corporate debt-funded share buybacks to weighing on consumer financing and spending.

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She said since the Panama Papers verdict, "all decisions have been taking to target a single personality" - Nawaz Sharif. The standoff was ended by the military, which removed both of them from office in 1999.

Wall Street has been driven by the prospect of inflation returning to the economy, and the Fed having to become more aggressive in raising rates to combat it.

Benchmark 10-year notes last fell 13/32 in price to yield 2.9408 percent, from 2.893 percent late on Tuesday. Yields have been rising steadily for months as the bond market, which is usually wiser than its stock counterparts, worries about what the Fed is going to be forced to do.

Three rate rises are now nearly fully priced in for this year, compared to two as recently as December. The 30-year bond is yielding 3.215 percent, and the two-year bill is sitting at 2.82 percent. However, the 2-yr yield had a relatively muted reaction to the minutes, finishing four basis points higher at 2.26%. An important component of this normalization was initiated in October, when we started to gradually scale back our reinvestment of proceeds from maturing Treasury securities and principal payments from agency securities.

The biggest beneficiaries of the Fed decision were banks, which were taking the expectation of more rate increases amid a stronger economic landscape as bullish.

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Century Aluminum shares closed up 8.3 per cent, while Alcoa, which has operations across the globe, ended off 0.44 per cent. The construction, oil and utility industries use them for beams, pipelines and wires, as well as cans for food and drinks.

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