Fed's Williams sticks to gradual rate-hike view

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It found that this so-called quantitative easing, or QE, did not affect market yields much and did not lower 10-year Treasury rates by the 1-percent claimed by prior research on the topic.

The Nasdaq turned around from yesterday's close, to trade up 0.34% at 7,234.65.

For the week, the Dow rose 0.37 percent, the S&P advanced 0.56 percent and the Nasdaq gained 1.35 percent. The CAC 40 of France is down 11.99 points or 0.23 percent.

The dollar edged higher as investors positioned for a more aggressive Federal Reserve to raise USA interest rates three times this year.

Despite Fed's hawkish views, bets on the U.

Sal Guatieri, senior economist at BMO Capital Markets, said the monetary report was "in line with further gradual rate hikes" although he said various sections could be read to support either an expected three hikes or possibly four hikes this year.

Separately, comments from Treasury Secretary Steven Mnuchin were drawing attention.

Barclays profits damaged by charges including £127m Carillion hit
He added: "We have already started to see some of the benefits of our work in 2017". But with one-off charges stripped out, underlying profits were £3.5bn, up 10%.

"To the extent that they hint at any concern that's greater than in the past about wages and inflation, that would be a source of concern to the markets". Fannie Mae asks for.7B Bannon wanted Trump to keep Yellen as Fed chair: report Circumstances around Yellen's departure akin to Greenspan's MORE left him with a Fed that was well behind the interest-rate-raising curve.

"What is going on with Qualcomm and their bid for NXP is certainly making all the semiconductors look more attractive", said JJ Kinahan, chief market strategist at TD Ameritrade in Chicago.

With that economic growth interest rates are rising and that is a good thing.

The dollar sagged broadly on Friday after its recovery this week faded as United States treasury yields declined from their recent peaks. The Fed had caused a so called "taper tantrum" in May 2013 when it signalled it was time to stop pumping cash into the USA economy, a move that created havoc in financial markets, particularly Asia. Speakers include New York Fed president William Dudley and Boston Fed president Eric Rosengren in the morning and Cleveland Fed president Loretta Mester and Kansas City's Ester George due to speak in the afternoon. "That would probably be positive for the dollar", Gittler said.

Shares of HP Inc.(HPQ) rose 5.4% after the consumer-focused tech company beat earnings expectations and raised its full-year forecast (http://www.marketwatch.com/story/hp-earnings-beat-raised-forecast-send-stock-higher-2018-02-22). General Mills was the biggest percentage decline on S&P 500, falling 3.59 percent. It also came before a very inflationary and stimulative budget deal in Congress that is expected to push the annual deficit past the $1 trillion threshold soon.

How are other assets performing?

Technology stocks, which led the early gains, ended lower.