| | | S&P 500 sets record close as energy jumps | | | NEW YORK (Reuters) - Major U.S. stock indexes gained on Friday, with the S&P 500 closing at a record high, as energy stocks tracked a rebound in oil prices and U.S. job creation rose. |
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| | | Fed's Williams pushes new approach to U.S. inflation goal | | | NEW YORK (Reuters) - One of the Federal Reserve's experts on navigating a world of low inflation and economic growth said on Friday the U.S. central bank should seriously consider ditching its old policy framework for a new approach to hitting its price-level goal. |
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| | | Hot job gains could pose risks, Fed hikes needed -Williams | | | NEW YORK (Reuters) - The April jobs report was "encouraging" and reinforces the Federal Reserve's need to raise rates another two to three more times this year to head off the growing risk that the labor market will get too hot, San Francisco Fed President John Williams said on Friday. |
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| | | Oil rebounds on Saudi assurances Russia will extend supply cuts | | | NEW YORK (Reuters) - Oil prices closed 1.5 percent higher on Friday, rebounding from five-month lows, following positive U.S. jobs data and assurances by Saudi Arabia that Russia is ready to join OPEC in extending supply cuts to reduce a persistent glut. |
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