Interest Rates
Treasury Secretary: Trump not threatening Fed's independence
Sat, 21 Jul 2018 14:46 GMT
On Friday morning, Trump for a second day criticized the Federal Reserve, breaking with a long-standing tradition at the White House of avoiding any influence, real or perceived, on the independence of the U.S. central bank. In a tweet, he said: " China, the European Union and others have been manipulating their currencies and interest rates lower, while the U.S. is...
DIARY-Top Economic Events to Sept. 27
Sat, 21 Jul 2018 00:01 GMT
MONDAY, JULY 23 LONDON BoE Deputy Governor Monetary Policy Ben Broadbent: Speech to the Society of Professional Economists, London 1700 GMT. FRANKFURT- The European Central Bank releases monthly data on lending and money supply 0800 GMT. FRANKFURT- ECB President Mario Draghi holds a press conference, after the interest rate meeting- 1230 GMT.
GLOBAL MARKETS-U.S. dollar drops, yields rise after Trump comments on Fed policy and tariffs
Fri, 20 Jul 2018 20:37 GMT
NEW YORK, July 20- The U.S. dollar weakened, long term Treasury yields rose and stocks closed mostly lower on Friday after President Donald Trump complained again about the greenback's strength and about Federal Reserve interest rate rises. Wall Street and European stock markets stalled, despite good corporate earnings, after Trump threatened to impose...
CANADA FX DEBT-C$ rises vs soft U.S. dollar on robust Canadian data
Fri, 20 Jul 2018 20:10 GMT
July 20- The Canadian dollar rose against a broadly weak U.S. dollar on Friday after strong inflation and retail sales data reinforced expectations for another interest rate hike by the Bank of Canada this year. Canada's annual inflation rose last month to its highest level in more than six years, while retail sales in May posted their biggest increase in seven...
FOREX-Dollar drops further on Trump's comments on currency, rate hike
Fri, 20 Jul 2018 19:43 GMT
*Trump doubles down on Fed criticism. NEW YORK, July 20- The dollar fell across the board on Friday, as the latest comments by U.S. The latest report, which cited a White House official, followed Trump's criticism on Thursday of the Fed's interest rate policy and the strong dollar, saying that it could hurt the U.S. economy..
TREASURIES-Trump's Fed worries steepen yield curve to three-week high
Fri, 20 Jul 2018 19:20 GMT
NEW YORK, July 20- The U.S. yield curve reached its steepest level in more than three weeks on Friday afternoon as President Donald Trump criticized the speed of the Federal Reserve's pace of rate hikes. Trump is concerned the central bank will raise interest rates another two times this year, a White House official told CNBC. Earlier on Friday Trump questioned the...
Fed Chair Jay Powell won't be manipulated by Trump: Analysts
Fri, 20 Jul 2018 19:19 GMT
The "Closing Bell" team discusses President Trump's criticism of the Fed continuing to raise interest rates.
White House official: Trump worries Fed will raise rates twice this year
Fri, 20 Jul 2018 18:02 GMT
CNBC's Eamon Javers reports that President Trump worries about more rate hikes this year.
Trump’s comments on the Fed were a big deal. Here’s why
Fri, 20 Jul 2018 17:07 GMT
The dollar dipped lower and global markets whipsawed after his comments.
Canadians feel little pain of rate hikes - so far
Fri, 20 Jul 2018 16:03 GMT
OTTAWA, July 20- Canadian consumers are feeling little pain from four rate hikes by the Bank of Canada, despite all warnings to the contrary, with most escaping higher monthly mortgage costs, others priced out of home buying altogether, and many enjoying income gains. While official interest rates have risen 1 percentage point in a year, analysts said the...
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