Fed's Yellen calls recovery tepid and vulnerable

Date: Tuesday, September 15, 2009

Fed's Yellen calls recovery tepid and vulnerable

San Francisco Federal Reserve Bank President Janet Yellen expects the
economic recovery to be "tepid" and slow, suggesting that a
debilitating and sustained drop in prices poses a greater threat than
runaway inflation.

ECONOMY, LABOR IN FOCUS AS OBAMA HITS ROAD TUES.

The U.S. economy is in presidential focus for the second straight day as
President Barack Obama hits the road to talk to auto workers and union members.

U.S. STOCKS WITH GLOBAL EXPOSURE RISE AS FEAR EBBS

A year after Lehman Brothers' failure, fear is no longer the dominant
trade. Increasingly, that's meant more investors are looking to
fast-growing international markets to make up for past losses, a shift
that carries its own ramifications for U.S. stocks.

GABELLI ANALYSTS EXPECT STOCK MARKET TO STUMBLE

The U.S. stock market's advance this year has emboldened many
investors, but some see the rally as a signal to retrench into more
defensive companies.

SCHWAB FALLS, SAYS LOW RATES WEIGHING ON RESULTS

Shares of Charles Schwab fall in early trading after the company says it
expects declining yields on its money market funds to result in it waiving
about $80 million of client fees in the third quarter.