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Fed Officials Upbeat on Outlook, Bond Yield Rise Not Source of Concern — Update

Provided by Dow Jones By Michael S. Derby Federal Reserve officials said Thursday they continue to see the U.S. economy in recovery mode, with several noting they aren t concerned about the recent rise in long-term bond yields and see no need to use monetary policy to push against it. Despite the near-term challenges, the longer-term outlook for the economy has improved, and our actions of the past year position monetary policy well to support a strong, full recovery and achievement of our goals of maximum employment and price stability, Federal Reserve Bank of New York leader John Williams said during a video appearance.

Economic Data Scheduled For Thursday

Mid-Morning Market Update: Markets Open Lower; Best Buy Posts Downbeat Sales

Mid-Morning Market Update: Markets Open Lower; Best Buy Posts Downbeat Sales
benzinga.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from benzinga.com Daily Mail and Mail on Sunday newspapers.

A Peek Into The Markets: US Stock Futures Mixed Ahead Of Earnings, Economic Data

A Peek Into The Markets: US Stock Futures Mixed Ahead Of Earnings, Economic Data
benzinga.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from benzinga.com Daily Mail and Mail on Sunday newspapers.

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