BRIEF-Moody's says assigns Aa2 to $850m NYC GO bonds, Fiscal 2017 Series B
* Moody's assigns Aa2 to $850m NYC GO bonds, Fiscal 2017 Series B; Outlook stable Source text: (http://bit.ly/2gKbRjg)
MINNEAPOLIS May 10 Minneapolis Fed President Narayana Kocherlakota on Thursday forecast rising inflation and said the Federal Reserve should begin to prepare the ground for an exit from its super-easy monetary policy in the coming months.
Kocherlakota said he sees inflation at about 2 percent this year - the Fed's target - but rising to 2.3 percent next year. Given that rise, he said the Fed's policy-setting committee may soon need to change its current statement projecting it will need to keep rates low through late 2014.
"If the committee were to agree with my prognosis that we should be initiating exit in six to nine months, you would want to change language of that statement even sooner," he told reporters after a speech at the Economic Club.
BOSTON, Dec 2 Donald Trump's U.S. presidential election win gave a huge boost to some prominent hedge fund portfolios, helping them post double-digit gains in November, several investors said.
CHICAGO, Dec 2 U.S. coal producer Peabody Energy Corp said it would seek court approval to repay a $500 million term loan ahead of schedule because it has enough cash to operate in bankruptcy thanks to a rise in coal prices.