U.S. gasoline prices to fall below $3/gallon for first time since 2010 - Bloomberg (OIL) (USO) Oct 31, 2014 11:46AM

U.S. gasoline prices to fall below $3/gallon for first time since 2010, according to Bloomberg headlines.


Gold to Trade in Narrow Range, Says Goldcorp (GG) CEO Oct 30, 2014 01:12PM

Speaking on today's conference call, Goldcorp's (NYSE: GG) CEO Chuck Jeannes said he sees gold in a fairly narrow range for the next 6-12 months. He went on to say gold output faces sustained, multi-year decline.

Traders are watching other gold mining stocks, spot gold prices, and ETFs like SPDR Gold Trust (NYSE: GLD).


Natural Gas Inventory 87 bcf vs 84 bcf Expected Oct 30, 2014 10:30AM

Natural Gas Inventory 87 bcf vs 84 bcf Expected

Traders are watching futures and ETFs like United States Natural Gas (NYSE: UNG).


Fed Ends Third Round of QE as Planned; Sees 'Solid Job Gains' with Lower Unemployment Oct 29, 2014 02:01PM

(Updated - October 29, 2014 2:01 PM EDT)

Fed ends third round of QE as planned. Sees 'solid job gains' with lower unemployment.

Information received since the Federal Open Market Committee met in September suggests that economic activity is expanding at a moderate pace. Labor market conditions improved somewhat further, with solid job gains and a lower unemployment rate. On balance, a range of labor market indicators suggests that underutilization of labor resources is gradually diminishing. Household spending is rising moderately and business fixed investment is advancing, while the recovery in the housing sector remains slow. Inflation has continued to run below the Committee's longer-run objective. Market-based measures of inflation compensation have declined somewhat; survey-based measures of longer-term inflation expectations have remained stable.

Consistent with its statutory mandate, the Committee seeks to foster maximum employment and price stability. The Committee expects that, with appropriate policy accommodation, economic activity will expand at a moderate pace, with labor market indicators and inflation moving toward levels the Committee judges consistent with its dual mandate. The Committee sees the risks to the outlook for economic activity and the labor market as nearly balanced. Although inflation in the near term will likely be held down by lower energy prices and other factors, the Committee judges that the likelihood of inflation running persistently below 2 percent has diminished somewhat since early this year.

The Committee judges that there has been a substantial improvement in the outlook for the labor market since the inception of its current asset purchase program. Moreover, the Committee continues to see sufficient underlying strength in the broader economy to support ongoing progress toward maximum employment in a context of price stability. Accordingly, the Committee decided to conclude its asset purchase program this month. The Committee is maintaining its existing policy of reinvesting principal payments from its holdings of agency debt and agency mortgage-backed securities in agency mortgage-backed securities and of rolling over maturing Treasury securities at auction. This policy, by keeping the Committee's holdings of longer-term securities at sizable levels, should help maintain accommodative financial conditions.

To support continued progress toward maximum employment and price stability, the Committee today reaffirmed its view that the current 0 to 1/4 percent target range for the federal funds rate remains appropriate. In determining how long to maintain this target range, the Committee will assess progress--both realized and expected--toward its objectives of maximum employment and 2 percent inflation. This assessment will take into account a wide range of information, including measures of labor market conditions, indicators of inflation pressures and inflation expectations, and readings on financial developments. The Committee anticipates, based on its current assessment, that it likely will be appropriate to maintain the 0 to 1/4 percent target range for the federal funds rate for a considerable time following the end of its asset purchase program this month, especially if projected inflation continues to run below the Committee's 2 percent longer-run goal, and provided that longer-term inflation expectations remain well anchored. However, if incoming information indicates faster progress toward the Committee's employment and inflation objectives than the Committee now expects, then increases in the target range for the federal funds rate are likely to occur sooner than currently anticipated. Conversely, if progress proves slower than expected, then increases in the target range are likely to occur later than currently anticipated.

When the Committee decides to begin to remove policy accommodation, it will take a balanced approach consistent with its longer-run goals of maximum employment and inflation of 2 percent. The Committee currently anticipates that, even after employment and inflation are near mandate-consistent levels, economic conditions may, for some time, warrant keeping the target federal funds rate below levels the Committee views as normal in the longer run.

Voting for the FOMC monetary policy action were: Janet L. Yellen, Chair; William C. Dudley, Vice Chairman; Lael Brainard; Stanley Fischer; Richard W. Fisher; Loretta J. Mester; Charles I. Plosser; Jerome H. Powell; and Daniel K. Tarullo. Voting against the action was Narayana Kocherlakota, who believed that, in light of continued sluggishness in the inflation outlook and the recent slide in market-based measures of longer-term inflation expectations, the Committee should commit to keeping the current target range for the federal funds rate at least until the one-to-two-year ahead inflation outlook has returned to 2 percent and should continue the asset purchase program at its current level.


Fed Ends Third Round of QE as Planned; Sees 'Solid Job Gains' with Lower Unemployment Oct 29, 2014 02:01PM

(Updated - October 29, 2014 2:01 PM EDT)

Fed ends third round of QE as planned. Sees 'solid job gains' with lower unemployment.

Information received since the Federal Open Market Committee met in September suggests that economic activity is expanding at a moderate pace. Labor market conditions improved somewhat further, with solid job gains and a lower unemployment rate. On balance, a range of labor market indicators suggests that underutilization of labor resources is gradually diminishing. Household spending is rising moderately and business fixed investment is advancing, while the recovery in the housing sector remains slow. Inflation has continued to run below the Committee's longer-run objective. Market-based measures of inflation compensation have declined somewhat; survey-based measures of longer-term inflation expectations have remained stable.

Consistent with its statutory mandate, the Committee seeks to foster maximum employment and price stability. The Committee expects that, with appropriate policy accommodation, economic activity will expand at a moderate pace, with labor market indicators and inflation moving toward levels the Committee judges consistent with its dual mandate. The Committee sees the risks to the outlook for economic activity and the labor market as nearly balanced. Although inflation in the near term will likely be held down by lower energy prices and other factors, the Committee judges that the likelihood of inflation running persistently below 2 percent has diminished somewhat since early this year.

The Committee judges that there has been a substantial improvement in the outlook for the labor market since the inception of its current asset purchase program. Moreover, the Committee continues to see sufficient underlying strength in the broader economy to support ongoing progress toward maximum employment in a context of price stability. Accordingly, the Committee decided to conclude its asset purchase program this month. The Committee is maintaining its existing policy of reinvesting principal payments from its holdings of agency debt and agency mortgage-backed securities in agency mortgage-backed securities and of rolling over maturing Treasury securities at auction. This policy, by keeping the Committee's holdings of longer-term securities at sizable levels, should help maintain accommodative financial conditions.

To support continued progress toward maximum employment and price stability, the Committee today reaffirmed its view that the current 0 to 1/4 percent target range for the federal funds rate remains appropriate. In determining how long to maintain this target range, the Committee will assess progress--both realized and expected--toward its objectives of maximum employment and 2 percent inflation. This assessment will take into account a wide range of information, including measures of labor market conditions, indicators of inflation pressures and inflation expectations, and readings on financial developments. The Committee anticipates, based on its current assessment, that it likely will be appropriate to maintain the 0 to 1/4 percent target range for the federal funds rate for a considerable time following the end of its asset purchase program this month, especially if projected inflation continues to run below the Committee's 2 percent longer-run goal, and provided that longer-term inflation expectations remain well anchored. However, if incoming information indicates faster progress toward the Committee's employment and inflation objectives than the Committee now expects, then increases in the target range for the federal funds rate are likely to occur sooner than currently anticipated. Conversely, if progress proves slower than expected, then increases in the target range are likely to occur later than currently anticipated.

When the Committee decides to begin to remove policy accommodation, it will take a balanced approach consistent with its longer-run goals of maximum employment and inflation of 2 percent. The Committee currently anticipates that, even after employment and inflation are near mandate-consistent levels, economic conditions may, for some time, warrant keeping the target federal funds rate below levels the Committee views as normal in the longer run.

Voting for the FOMC monetary policy action were: Janet L. Yellen, Chair; William C. Dudley, Vice Chairman; Lael Brainard; Stanley Fischer; Richard W. Fisher; Loretta J. Mester; Charles I. Plosser; Jerome H. Powell; and Daniel K. Tarullo. Voting against the action was Narayana Kocherlakota, who believed that, in light of continued sluggishness in the inflation outlook and the recent slide in market-based measures of longer-term inflation expectations, the Committee should commit to keeping the current target range for the federal funds rate at least until the one-to-two-year ahead inflation outlook has returned to 2 percent and should continue the asset purchase program at its current level.


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Oct 29, 2014 10:32AM UPDATE: Crude Inventory 2M Barrels vs 3.13M Expected
Oct 29, 2014 10:32AM UPDATE: Crude Inventory 2M Barrels vs 3.13M Expected
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Oct 27, 2014 10:02AM Goldman Sachs Puts a Dagger in Oil's Heart and America Quietly Cheers
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Oct 23, 2014 10:30AM Natural Gas Inventory 94 bcf vs 98 bcf Expected
Oct 22, 2014 10:33AM UPDATE: Crude Inventory 7.1M Barrels vs 2.8M Expected
Oct 22, 2014 10:33AM UPDATE: Crude Inventory 7.1M Barrels vs 2.8M Expected
Oct 21, 2014 11:13AM Prince Al-Waleed bin Talal Talks Oil Prices, Stocks and ISIS on FBN
Oct 21, 2014 06:53AM Jefferies Cuts 2015 Brent Forecast to $90/bbl
Oct 20, 2014 04:58PM Maria Bartiromo to Interview Prince Al-Waleed bin Talal Tuesday, October 21st
Oct 16, 2014 01:13PM WTI, Brent Hit Session Highs (USO)
Oct 16, 2014 11:03AM UPDATE: Crude Inventory Grows 8.9M Barrels vs 2.3M Expected
Oct 16, 2014 11:03AM UPDATE: Crude Inventory Grows 8.9M Barrels vs 2.3M Expected
Oct 16, 2014 10:30AM Natural Gas Inventory 94 bcf vs 90 bcf Expected
Oct 16, 2014 07:11AM WTI crude falls below $80 for first time since June 2012 (OIL) (USO)
Oct 15, 2014 02:02PM Most Regional Fed Banks Saw Modest or Moderate Economic Growth - Beige Book
Oct 15, 2014 02:02PM Most Regional Fed Banks Saw Modest or Moderate Economic Growth - Beige Book
Oct 14, 2014 09:57AM IEA Lowers Oil Demand Outlook for FY14 on Economic Growth Outlook, Weak Recent Trend (USO) (OIL)
Oct 14, 2014 07:04AM PIRA Energy Group's Weekly Oil Market Recap for the Week Ending October 12th 2014
Oct 9, 2014 02:34PM WTI crude futures close 20% below June peak (USO) (OIL)
Oct 9, 2014 02:14PM Gold Rises Again as Traders Hedge Volatile Market (GG)
Oct 9, 2014 12:20PM Brent crude falls below $90 for first time since June 2012 - Bloomberg
Oct 9, 2014 10:30AM Natural Gas Inventory 105 bcf vs 109 bcf Expected
Oct 8, 2014 02:01PM Fed Officials Saw Global Slowdown Among Risks to U.S. Outlook
Oct 8, 2014 02:01PM Fed Officials Saw Global Slowdown Among Risks to U.S. Outlook
Oct 8, 2014 10:34AM UPDATE: Crude Inventory 5M Barrels vs 1.68M Expected
Oct 8, 2014 10:34AM UPDATE: Crude Inventory 5M Barrels vs 1.68M Expected
Oct 6, 2014 01:23PM Gold Retakes Key Level at $1200/oz (GDL) (SLV)
Oct 3, 2014 08:35AM Nonfarm Payrolls Expanded 248K in Sept., Outpacing Views on Services, Retail, and Health Care Gains
Oct 2, 2014 11:08AM Cheniere Energy (LNG) Trades Lower as Nat-Gas Declines
Oct 2, 2014 10:30AM Natural Gas Inventory 112 bcf vs 106 bcf Expected
Oct 2, 2014 10:26AM Goldman Sachs Lowers Met Coal Price Outlook for 2015 to $126/MT
Oct 2, 2014 07:03AM Four Reasons Why Crude in Plunging
Oct 2, 2014 06:52AM Crude Slips Below $90/Barrel for First Time Since 2013 (USO) (OIL)
Oct 1, 2014 10:32AM UPDATE: Crude Inventory -1.4M Barrels vs 925K Expected
Oct 1, 2014 10:32AM UPDATE: Crude Inventory -1.4M Barrels vs 925K Expected
Sep 25, 2014 10:30AM Natural Gas Inventory 97 bcf vs 95 bcf Expected
Sep 24, 2014 10:35AM UPDATE: Crude Inventory -4.3M Barrels vs 470K Expected
Sep 24, 2014 10:35AM UPDATE: Crude Inventory -4.3M Barrels vs 470K Expected
Sep 23, 2014 09:20AM BofA/Merrill Lynch Downgrades Cameco Corporation (CCJ) to Neutral
Sep 23, 2014 07:18AM Iron ore falls below $80/ton for first time since Sept. 2009 - Bloomberg
Sep 18, 2014 10:31AM Natural Gas Inventory 90 bcf vs 91 bcf Expected
Sep 17, 2014 10:36AM UPDATE: Crude Inventories Rose 3.67 Million Barrels
Sep 17, 2014 10:36AM UPDATE: Crude Inventories Rose 3.67 Million Barrels
Sep 12, 2014 03:10PM Investors Could Be Lowballing Risk of FOMC Hawkishness, Says Citi
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Sep 11, 2014 10:30AM Natural Gas Inventory 92 bcf vs 84 bcf Expected
Sep 10, 2014 10:33AM UPDATE: Crude Inventory -972K Barrels vs -1M Expected
Sep 10, 2014 10:33AM UPDATE: Crude Inventory -972K Barrels vs -1M Expected
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