Wednesday's News Links

[Bloomberg] U.S. Stocks, Bonds Jump on Go-Slow Fed; Oil Climbs: Markets Wrap

[Reuters] Oil rises above $48 as API reports drop in U.S. fuel stocks

[CNBC] Yellen indicates that Fed may not need to hike rates much more

[Bloomberg] Janet Yellen Says Low Inflation Still Major Source of Uncertainty

[CNBC] States in crisis: Embroiled in the worst budget battles since the Great Recession

[Bloomberg] Latin America's Roiling Scandals Burn Emerging-Market Bond Funds

[WSJ] Yellen: ‘Gradual’ Rate Increases Will Be Needed to Sustain Economic Expansion

[WSJ] Shifting Monetary-Policy Outlook Imperils Rally in Emerging Markets

[FT] Fed’s new banking watchdog likely to ease burden of stress tests

[Reuters] Taiwan says Chinese carrier sails into its defense zone

[Bloomberg] Scientists Say Massive Iceberg Has Broken Off in Antarctica

Tuesday Evening Links

[Reuters] Trump seen replacing Yellen at Fed with NEC's Cohn: Politico

[Reuters] Wall Street partly recovers after falling on Trump Jr emails

[Reuters] Fed should start reducing balance sheet 'soon': Brainard

[Bloomberg] Three Key Economic Questions Facing Yellen in Congress This Week

[Bloomberg] Investors Are Jumping Back Into Hedge Funds