Fed's Yellen signals higher chance of March rate hike

Gold prices were on track for their weakest session since December on Thursday, buoyed by a firm dollar and rising USA rate hike expectations in March following buoyant United States economic data and hawkish comments from Federal Reserve governors.

The Federal Open Market Committee, the group that decides when interest rates will move, next meets from March 14 to 15.

The Fed will get to see one more employment report before they decide the direction of interest rates, when the Labor Department releases data for February on March 10, and will see two inflation reports the following week.

And New York Fed Chief William Dudley said the case for a rate increase has become "a lot more compelling".

USA warplanes blast al-Qaeda in Yemen
It comes a month after a controversial U.S. raid that was reported to have left as many as 25 Yemeni civilians dead. He went on to say that the United States is providing Saudi Arabia with coordinates to strike targets in Yemen.

On Tuesday, two influential Fed policymakers, William Dudley and John Williams, encouraged dollar bulls with comments that suggested rate-setters are anxious about waiting too long in the face of pending economic stimulus from Washington.

If the expected hawkishness continued the rand was bound to weaken, he said.

"We now judge that it will be appropriate to gradually increase the federal funds rate if the economic data continue to come in about as we expect", Yellen said.

The Fed's employment goal has largely been met, Yellen said, and inflation is perking up.

Tag for Berry and Poe to FA?
But what made it uniquely Charles was that only a few people, fans of the Chiefs and in this case the Saints, saw it happen. With Charles now gone, this opens the door for the Chiefs to draft a running back fairly high in the draft.

However, Yellen said, "I now see no evidence that the Federal Reserve has fallen behind the curve".

"The March rate hike probability already rests at 77% according to the Fed funds futures, implying that this is the market's base case scenario, and comments hinting anything different than that will come as a surprise", he added.

The Fed raised interest rates for only the second time in a decade at its policy meeting last December, but has forecast three rate increases this year on the back of the low unemployment rate - now 4.8 per cent - and rising inflation. - Fed Board of Governors member Lael Brainard gave strong signals of an upcoming rate hike. "The market's pricing it pretty accurately", he said, noting expectations were at 28 per cent at the start of the year.

"The economy appears to be at a transition", Brainard, who generally errs on the side of caution when it comes to adjusting monetary policy, said in a prepared speech at Harvard University's Kennedy School of Government Wednesday.

Rickie Fowler's Short Game Shines In Honda Classic Win
The hiccup didn't stop Fowler from going on to win the tournament and taking home the $1.5million winners cheque. Defending champion Adam Scott played his way out of contention after posting a 71 to fall back to two under.

"Fiscal and regulatory policies - which are of course the responsibility of the administration and the Congress - are best suited to address such adverse structural trends", she said, including the relatively worse economic circumstances for blacks and Hispanics, and slow productivity. "The Fed is notorious for waiting until the evidence of growth is absolutely undeniable".

  • Conor McGregor with a fan: Man Utd legend poses with UFC superstar

    Conor McGregor with a fan: Man Utd legend poses with UFC superstar

    This is one of the biggest fights in 2017, of all-time in the UFC. UFC 209 will be held at T-Mobile Arena in Paradise, Nevada.
    FCC readies block of broadband privacy rules

    FCC readies block of broadband privacy rules

    Ansip added: "We want to avoid global fragmentation, where people's connections turn patchy when they travel overseas". " Rules developed to tame a 1930s monopoly were imported into the 21st century to regulate the Internet", he argued.
    Palo Alto Networks (PANW) Q2 Loss Widens, Revenues Miss

    Palo Alto Networks (PANW) Q2 Loss Widens, Revenues Miss

    While taking a glance at financials, we can look at a number of key indicators about Palo Alto Networks , Inc.'s ( PANW ) . Geographically, on a year-over-year basis, revenues from the Americas increased 28% and represented 69% of total revenue .
  • German Chancellor Merkel heads to Egypt, Tunisia to reduce migrant flows

    German Chancellor Merkel heads to Egypt, Tunisia to reduce migrant flows

    The German government will also talk about both Egypt and Tunisia taking back asylum-seekers who have been rejected in Germany. The trip is part of a larger diplomatic push by Merkel, who previous year visited Mali, Niger and Ethiopia.
    How To Watch 2017 Show Hosted by Nick Kroll & John Mulaney

    How To Watch 2017 Show Hosted by Nick Kroll & John Mulaney

    The film was named Best Feature and its stars were presented with the Robert Altman Award for outstanding ensemble. Kennedy's assassination through the eyes of former first lady Jacqueline Bouvier Kennedy, also won nothing.

    Oil prices rise after report shows drop in USA stocks

    U.S. government data showed crude inventories rose less than expected last week as imports dropped the most since November. The MT Theo T departs Corpus Christi, Texas with the first US' crude oil export in 40 years on December 31, 2015.
  • Lightning trade Ben Bishop to Los Angeles

    Lombardi was asked how he thought Quick and Bishop - two hyper competitive starters - would react to competing for the net. Quick was also a Vezina finalist last season. "That's a really dumb question", Sutter said, growing angry.
    'Horizon Zero Dawn' Release Time

    'Horizon Zero Dawn' Release Time

    Learn 10 tips beginner's need to know right here, and get help making your decision with Gameranx's Before You Buy review. The game is scheduled to release exclusively for PS4 on February 28th in North America, and on March 1st in Europe.
    DHS chief tells Guatemalans US won't have mass deportations

    DHS chief tells Guatemalans US won't have mass deportations

    Just 36 percent supported the idea, exactly half the level of support for deporting convicted criminals in the post-election poll. Under the Obama administration , the program was used less and less, but the Trump administration hopes to ramp it up again.
  • Trump Wants to Slash EPA Budget By 25 Percent

    Trump Wants to Slash EPA Budget By 25 Percent

    Oil and gas wells, pipelines and other equipment leak a large, but not fully understood, quantity of methane into the atmosphere. Pruitt halted the inquiry and says he'll rethink what information to request from the companies.
    Trump Today: President predicts 'tremendous success' after well-received speech

    Trump Today: President predicts 'tremendous success' after well-received speech

    The address will include a moment of remembrance for Supreme Court Justice Antonin Scalia, who passed away a year ago . In 1981, new President Ronald Reagan, a Republican, discussed concerns his policies would hurt low-income Americans.

    'Get Out' Takes Over #1 Spot at Weekend North American Box Office

    The Lego Batman Movie continues to hang on at #2, with an estimated $19 million at the domestic box office in its third weekend. Its domestic take is now just over $133 million with its global haul now standing at an impressive $200 million.