News Highlights: Top Financial Services News of the Day
Economists, by Wide Margin, Support 2% Inflation Target
Federal Reserve officials have floated ways they might alter the central bank's 2% inflation goal. But economists surveyed by The Wall Street Journal have a message for the Fed: Don't touch that target.
KKR Profit Declines; Firm Evaluating Change of Corporate Structure
KKR & Co.'s fourth-quarter profit fell as it faced a higher-than-expected provision for income taxes. The firm said it is weighing whether to change its corporate structure on the heels of the new tax law.
BOE Signals Faster Interest Rate Rises, Boosting Sterling
The Bank of England said it expects to raise interest rates in the U.K. at a swifter pace than it anticipated last year, responding to stronger growth in the global economy.
ECB Official Calls for Swift End to Bond-Buying
German Bundesbank President Jens Weidmann called on the European Central Bank to wind down its giant bond-buying program after September, urging officials not to be distracted by a stronger euro currency or volatility in global financial markets.
Emerging Markets Hang Tough During Global Selloff
Wild price swings this week upended stocks and bonds around the globe, but some of the historically most volatile markets are holding up better-than-expected compared with past global selloffs.
Fed's Kaplan Reinforces His Case for Three Rate Rises This Year
Unemployment in the U.S. will drop below 4% and 2018 will be a "strong" year for America, the president of the Federal Reserve Bank of Dallas said, reinforcing his base case for three interest-rate rises this year.
Fintech Firms Look to Enter Banking Via Century-Old Tactic
Financial-technology firms eager to offer banking products are eyeing industrial loan company charters, a century-old model that fell out of favor during the financial crisis but could see a revival under the Trump administration.
Is This Obscure Wall Street Invention Responsible for the Market Selloff?
Critics have pointed to an obscure investment strategy pioneered by the world's largest hedge fund, Bridgewater Associates, even as some risk-parity strategies outperformed the broader market.
Some Investors Shun Longer-Dated Bonds as Duration Risk Rises
Some investors are reducing their exposure to longer-dated corporate bonds as higher yields increase duration risk.
Societe Generale Profit Slides But Tops Expectations
Societe Generale said its fourth-quarter net profit fell significantly, hit by one-off items, but surpassed the loss expected by analysts.
(END) Dow Jones Newswires
February 08, 2018 11:15 ET (16:15 GMT)Copyright (c) 2018 Dow Jones & Company, Inc.