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10-Year Treasury Yield Holds Above 1% After Biden Confirmation, Solid Economic Data
U.S. Treasury yields climbed following a projected win for the Democrats of two Senate seats in the Georgia runoff elections.
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Investors Handicapping the New Market Year See Similarities to 2010 Recovery and 1999 Risk Binge
The year 2021 begins as an apparent hybrid of 2010 (early-cycle recovery), 1999 (late-cycle risk binge) and the early-1940s.
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10-Year Treasury Yield Turns Lower After Disappointing Jobs Data
10-year U.S. Treasury yields climbed on Thursday morning, after the Federal Reserve promised to continue buying bonds to support the economy.
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Fed Keeps Rate Near Zero and Sees Brighter Economy in 2021
The Federal Reserve said Wednesday that it will keep buying government bonds until the economy makes “substantial” progress — a step intended to reassure financial markets and keep long-term borrowing rates lower for longer
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A Recap of Fed Chief Powell's Market-Moving Comments on Rates & Inflation
Fed Chair Jerome Powell detailed the central bank’s decision to continue to support the economy by buying Treasury bonds.
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Fed Raises Its Economic Outlook Slightly, Sees 4.2% Growth Next Year and 5% Unemployment Rate
The central bank now expects real gross domestic product to fall just 2.4% in 2020, compared to the decline of 3.7% predicted in September.
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The Fed Could Disappoint Markets Wednesday, Even If It Keeps a Super Dovish Tone
The Fed could disappoint at least some market pros who are expecting immediate changes in its bond buying program.
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Vaccines Will ‘Boost Confidence Dramatically' and Lift Treasury Yields in 2021, Wells Fargo Predicts
Wells Fargo Securities’ Michael Schumacher expects Covid-19 vaccines to accelerate economic activity and push yields higher in 2021.
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Fed Chair Powell's Work With Janet Yellen Could Determine Whether Biden Keeps Him
President-elect Joe Biden could redesign the Federal Reserve during his first term by nominating new members to the central bank.
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Here Are 3 Under-The-Radar Market Story Lines That Could Surprise Investors in 2021
It’s a good time to consider a few underappreciated subplots that could emerge as central narratives to jostle investor assumptions as 2021 unfolds.
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Heated On-Air CNBC Exchange Between Sorkin and Santelli Mirrors National Debate Over Covid Lockdowns
“Squawk Box” co-host Andrew Ross Sorkin and CNBC bond maven Rick Santelli engaged in a heated debate Friday over coronavirus restrictions.
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This Under-The-Radar Policy Risk Could Set Off a Tantrum in Rates at the Next Fed Meeting
Richard Bernstein Advisors’ Michael Contopoulos believes there’s a chance the Federal Reserve may sound less dovish at the next meeting.
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42% of People Falling Behind as Covid-19 Widens the Wealth Gap, Report Finds
A report on financial security shows a widening divide between the haves and have-nots amid the coronavirus outbreak and economic crisis.
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S&P 500 Rises 1% to a Record Closing High to Kick Off December, Building on Historic Rally
U.S. stocks jumped on Tuesday, with the Dow Jones Industrial Average kicking off December by adding to its historic rally from November.
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Treasury Secretary Mnuchin Faces Harsh Criticism From Democratic Senators Over Ending Fed Programs
The Treasury secretary cited portions of the law that said he didn’t have the authority to allow Fed programs to run past the end of 2020.
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McConnell Shoots Down Bipartisan $900 Billion Coronavirus Stimulus Plan as Stalemate Drags on
Bipartisan lawmakers are pushing a new stimulus plan as Nancy Pelosi and Mitch McConnell have made no progress on a coronavirus relief bill.
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Watch Fed Chair Powell and Treasury Secretary Mnuchin Speak Live to Senate Panel
[The stream is slated to start at 10 am ET. Please refresh the page if you do not see a player above at that time.] Federal Reserve Chairman Jerome Powell and Treasury Secretary Steven Mnuchin head to Capitol Hill on Tuesday for the first of a two-day trip to provide mandated updates on CARES Act funding. The $2.2 trillion rescue…
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Markets Cheer Yellen Pick for Treasury, Seeing Her Focus on Fixing the Economy and Not Politics
Stocks rallied as news leaked out that President-elect Joe Biden has selected Janet Yellen as his Treasury Secretary.
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Biden Chooses Former Fed Chair Janet Yellen to Be Treasury Secretary
Yellen, if confirmed by the Senate, would be the first woman to lead the Treasury Department.
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Mnuchin Says People Are Misunderstanding Fed Funding Decision, There's Plenty of Firepower Left
Mnuchin downplayed on CNBC his department’s decision to pull the plug on several Federal Reserve programs.