A man was rescued after an avalanche carried him nearly 500 meters in Wyoming, USA
TerraPower, a venture founded by billionaire Gates said last year its $4 billion Natrium plant would be built in Kemmerer, a remote Wyoming town where a coal plant is set to shut in 2025. The 345-megawatt plant will likely be delayed for at least two years until 2030.
In the interview, Fischer said that Yellen's comments were consistent with a September rate hike and possibly two hikes this year, but the Fed won't know the course of normalization until it sees the data.
The CNBC Fed Survey found that 60 percent of respondents say the central bank lacks a framework for deciding on interest rates, with just 24 percent saying they do and 16 percent unsure.
Federal Reserve Bank of Kansas City President Esther George said Wednesday it's important for the nation's central bank to understand this week's extreme stock market volatility, but cautioned that markets are focused on the near term.
The Fed's policy interest rate – the federal funds rate (the only interest rate it directly controls) – traded at 0.08 percent last Friday, significantly below its 0.25 percent target and was roughly identical to the 0.10 percent observed a year earlier.
Software services company HCL Technologies today said it has won a multi-year multi-million dollar contract to modernise unemployment insurance services in the US states of Wyoming, Colorado, Arizona and North Dakota.
Markets from stocks to currencies were caught in ranges on Tuesday as investors waited for a gathering of central bankers and economists at Jackson Hole, Wyoming, later in the week for clues over the Federal Reserve's potential easing options.
All eyes settle on Federal Reserve chairman Ben Bernanke's speech at Jackson Hole, Wyoming today. European markets saw a sharp sell-off as many investors believe a move by the chairman has now been priced in.