FEDERAL RESERVE

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Asian Stocks, Euro Slip as Investors Await U.S. Jobs Data

Asian shares and the euro fell Friday as caution set in ahead of key U.S. jobs data, which will offer more clues over the state of the world's largest economy, while Greek debt restructuring talks dragged on and undermined sentiment.

Fed Still Divided as Fisher Sees no Need for QE3

The U.S. Federal Reserve building is seen in Washington
A third round of large-scale asset purchases by the Federal Reserve is not needed and would compound the difficulties of tightening monetary policy when the time finally comes, a top Fed official said on Thursday.

Asian Markets Flat, Awaiting U.S. Jobs Numbers

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Asian shares and major currencies were stuck in ranges Friday ahead of key U.S. jobs data, which will offer more clues over the state of the world's largest economy, while Greek debt restructuring talks dragged on.
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Fed's Fisher: policy action hinged to inflation

The U.S. Federal Reserve may have more latitude to pursue easy-money policies if inflation runs below its newly-set 2-percent target, though such a move does not guarantee more jobs, a top central bank official said on Thursday.
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Trader Dudley Devine works on the floor of the New York Stock Exchange

Stock Futures Flat Ahead of Jobless Claims

Stock index futures were little changed on Thursday as investors looked ahead to weekly jobless claims data, one last clue about the state of the labor market before Friday's key non-farm payrolls report.
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Plosser slams Fed's 2014 low-rate forecast

A top Federal Reserve official sharply criticized the U.S. central bank's decision last week to telegraph ultra low interest rates for nearly three more years, saying on Wednesday the move undermined confidence and caused confusion.
Gold bars

Gold Rallies as Euro Rebounds

Gold rallied for a second day on Wednesday as the euro rebounded following upbeat German economic data, building on gains in January that marked the metal's strongest starting month in 32 years.
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Richest Fed officials worked in finance

It's hardly a huge surprise: those Federal Reserve officials that made careers in the financial sector are much wealthier than their colleagues, according to new disclosures on Tuesday.

Gold Prices in Tight Range, January Gains Hearten Investors

Gold prices were on course for their biggest monthly rise since August on Tuesday, boosted by economic unease in Europe and the United States and raising the possibility of a climb toward last year's record high of just over $1,900 per ounce.
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Most banks tightening credit to Europe, Fed says

More than two-thirds of banks in a Federal Reserve survey of senior loan officers said they had tightened credit to European financial firms in January, underscoring the continent's severe banking crisis.
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U.S. Consumer Spending Flat in December

Consumer spending was flat in December as households took advantage of the largest rise in income in nine months to boost their savings, setting the tone for a slowdown in demand early in 2012.
Philadelphia Federal Reserve President Charles Plosser

Fed Too Downbeat on the Economy, Says Philadelphia Fed President

In a remarkable statement to CNBC this morning, one of the most important dissenting voices within the Federal Reserve said the U.S. central bank's assesment of the economy is too pessimistic, and will likely change as the year progresses. Even more notably, he stated the Fed will likely begin raising benchmark interbank lending rates before mid-2013 -- a direct contradiction on a statement by the Fed last Wednesday.
Pranab Mukherjee

India Won’t Cut Iranian Oil Import, Says Mukherjee

India, the world's fourth-largest oil consumer, will not take steps to cut petroleum imports from Iran despite U.S. and European sanctions against Tehran, finance minister Pranab Mukherjee said on Sunday during a visit to Chicago.
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Gold Price Retreats from 7-Week High

Gold ticked lower Monday after earlier rising to its highest in more than seven weeks as investors awaited the outcome of Greece's debt deal talks, but sentiment was supported by a firmer euro and lower-than-expected U.S. growth data.

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