Jeff Cox, CNBC.com’s Posts

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Federal Reserve Board Chairwoman Janet Yellen testifies before the Senate Banking, Housing and Urban Affairs Committee July 15, 2014 in Washington.

Some members of the Federal Reserve’s Open Market Committee want to make a “relatively prompt” rate hike based on the economy’s progress, according to the minutes of the committee’s last meeting. But the minutes, released Wednesday, also showed that most members agreed more data was needed to move up the schedule of rate hikes. “Many …

Kevin Syms | Little Palm Resorts & Spa

After close to a year and a half of pumping money into the stock market, mom-and-pop investors have spent most of the summer in hiding. Since May, money has been streaming out of mutual funds that invest in the stock market—particularly those that are focused on U.S.-based equities. Domestic equity mutual funds surrendered some $26.6 …

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The U.S. economy created 209,000 jobs in June, below expectations, as the unemployment rate climbed to 6.2 percent, reflecting a consistent but unspectacular level of employment growth. Economists expected nonfarm payroll growth to hit 233,000 in July, down from an upwardly revised 298,000 in June, and unemployment to fall to 6.0 percent from 6.1 percent. …

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Janet Yellen, chair of the U.S. Federal Reserve

A second-quarter economic rebound did nothing to change the outlook of the Federal Reserve, which stayed the course Wednesday with ultra-easy monetary policy. While the U.S. central bank voted to cut its monthly bond-buying program another $10 billion, it left its short-term interest rate target near zero and expressed only tepid encouragement about growth. Wall …

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Pedestrians walk by a now hiring sign posted in the window of a Ross Dress for Less store on June 6, 2014 in San Francisco.

Private businesses created 218,000 jobs in July, a number that while solid and in line with trend fell below expectations, according to ADP. The number also fell well short of the 281,000 created in June—the initially reported total was not revised—and could cause economists to tinker with their projections for Friday’s nonfarm payrolls report. Consensus …

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The Federal Reserve building.

Geopolitical events like what’s happening in Ukraine and Gaza can be market movers but still take a back seat to the biggest influence of all: the Federal Reserve. That’s the position both of Peter Boockvar, managing director and chief market analyst at The Lindsey Group, and, it appears, the market itself after a healthy bounce back …

David A. Grogan | CNBC
Treasury Secretary Jack Lew (l) talks with CNBC's Jim Cramer at the Delivering Alpha conference, July 16, 2014.

Congress needs to pass sweeping tax measures to keep companies from moving their operations overseas, Treasury Secretary Jack Lew said Wednesday. Speaking about so-called inversions, in which companies change their domiciles to other countries with more favorable tax structures than the U.S., Lew said action has to be taken soon. JPM’s Erdoes: Bond inflows ‘gives me great …

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Federal Reserve Board Chairwoman Janet Yellen testifies before the Senate Banking, Housing and Urban Affairs Committee July 15, 2014 in Washington.

Fed Chair Janet Yellen gave a tepid thumbs-up to the economic recovery while expressing disappointment in housing and pledging to remain vigilant over asset bubbles, in congressional testimony she delivered Tuesday. While Yellen’s remarks were mostly benign and cautious on the economy, a separate Federal Reserve report indicated concern over asset prices. “Valuation metrics in …

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The economy continues to improve but the recovery is not yet complete, Fed Chair Janet Yellen said on Tuesday. While Yellen’s remarks were mostly benign and cautious on the economy, a separate Federal Reserve report indicated concern over asset prices “Valuation metrics in some sectors do appear substantially stretched—particularly those for smaller firms in the …

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The Marriner S. Eccles Federal Reserve building in Washington.

Federal Reserve officials indicated at their June meeting that the monthly bond-buying program could end sooner rather than later—with an October exit growing increasingly likely. “Participants generally agreed that if incoming information continued to support its expectation of improvement in labor market conditions and a return of inflation toward its longer-run objective, it would be …

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Job seekers fill out applications before the start of the HireLive career fair on June 4, 2014 in San Francisco.

Private sector job creation surged in June, with companies adding a much larger than expected 281,000 new positions, according to a report Wednesday from ADP. Economists surveyed by Reuters expected the National Employment Report to show 200,000 new jobs as the U.S. economy seeks to regain traction following a brutal winter. That’s up from an …

Jeffrey Coolidge | Stone | Getty Images

When Fed Chair Janet Yellen essentially dismissed inflation as a threat last week, she sought to calm investors’ fears but in doing so also raised an unpleasant specter of the not-too-distant past. To some, the central bank chief’s assertion that inflation threats were coming from “noisy” data—economist talk for volatile, one-off conditions not likely to …

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Trader on the floor of the New York Stock Exchange.

As the stock market sets a series of historic highs, investors can thank companies for buying back their own shares at a near-record pace. Repurchases and buybacks soared nearly 60 percent in the first quarter, putting a floor under a market that struggled amid a brutal winter and an economy that contracted at least 1 …

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The Federal Reserve continued to reduce its monthly bond-buying program and held interest rates near zero even as it debated persistent conflicting signals in the economy. In addition to continuing the scaleback of its monthly money-printing efforts, the Fed slashed its outlook for full-year economic growth, cutting gross domestic product from a 2.8 percent to …

Jeff Spielman | The Image Bank | Getty Images

There’s just no making sense of the government bond market. At a time when strategists are treating Treausrys like a patch of poison ivy growing in the blooming stock market garden, investor money continues to rain in. “When you think you have things figured out and you play your hand, something seems” to change, Kim …