Fed's George stares the bear in the eye Kansas City Federal Reserve President Esther George thinks the economy is prepared for a hike in rates, reports CNBC's Steve Liesman. Also, a look at second quarter GDP revisions.
COLUMN-Young workers in target-date funds hit hard by market drop CHICAGO, Aug 27- As the stock market has whipsawed over the past two weeks, young workers who have all their retirement funds tied up in long-range target-date funds may have been the hardest hit. The average 25- year-old fully invested in a 2060 target-date fund series saw a 10 percent decline in account value from the market's recent peak on July 17 through...
| By: Mark Miller
UPDATE 2-Ukraine reaches 'win-win' deal with creditors on $18 billion debt *Ukraine off the hook on debt repayments for four years. KIEV, Aug 27- Ukraine reached what its finance minister called a "win-win" deal with its largest group of creditors to ease repayments on its $18 billion debt, winning breathing space for an economy drained by the cost of fighting with pro-Russian separatists. The agreement, which includes a write-down of 20...
| By: Natalia Zinets and Alessandra Prentice
Esther George: Ideal path to rate liftoff Esther George, Federal Reserve Bank of Kansas City president & CEO, talks with CNBC's Steve Liesman about the Fed's timing on raising interest rates.