Federal Reserve officials indicated in their last meeting that the looser policy will remain until it produces stronger employment and inflation, and will not adjust based simply on forecasts. . The Federal …
Read More »Fed’s Mester Praises Jobs Report, But Says Loose Policy Remains
Loretta Mester, president and CEO of the Federal Reserve Bank of Cleveland. David Paul Morris | Bloomberg | fake images Strong labor gains in March weren’t enough to convince Cleveland Federal Reserve …
Read More »Beat the S&P easily by owning cyclicals and growth: Art Hogan
Investors may want to avoid having favorites. National Securities’ Art Hogan said Monday that owning equal amounts of growth and cyclical stocks will yield big advantages as stocks soar. “Nothing is going …
Read More »US Consumer Spending and Income Temporarily Fall Ahead of Massive Fiscal Stimulus
WASHINGTON (Reuters) -U.S. Consumer spending fell the most in 10 months in February as a cold snap gripped many parts of the country and fueled a second round of household income stimulus …
Read More »Yellen is now open to dividend payments from US banks and share buybacks
By Ann Saphir, David Lawder (Reuters) – Treasury Secretary Janet Yellen said on Wednesday that US banks look healthy enough to be able to pay dividends and buy back shares, an updated …
Read More »GLOBAL MARKETS-Asian stocks fall, dollar soars in flight to safety
SYDNEY, March 24 (Reuters) – Asian stocks hit a two-week low on Wednesday, oil weakened further and the dollar approached four-month highs as the coronavirus locks in Europe and potential gains Taxation …
Read More »Asian stocks fall, dollar soars in flight to safety
SYDNEY (Reuters) – Asian stocks hit a two-week low on Wednesday, oil weakened further and the dollar approached four-month highs as coronavirus lockdowns in Europe and potential US tax increases weighed on …
Read More »The Fed’s Kaplan said he expects an interest rate hike in 2022
Dallas Federal Reserve Chairman Robert Kaplan told CNBC on Tuesday that he will likely favor an interest rate hike before the end of 2022. Although he does not see inflation becoming a …
Read More »These 6 Charts Show How Sanctions Are Crushing Iran’s Economy
General view of an Iranian flag on January 12, 2019 in Abu Dhabi, United Arab Emirates. Matthew Ashton – AMA | fake images Iran’s economy is crumbling after years of US sanctions, …
Read More »Turkish lira sinks after Erdogan fired head of US central bank
By Ebru Tuncay, Jonathan Spicer ISTANBUL (Reuters) – Turkey’s lira plunged 15% to near its all-time low after markets opened following President Tayyip Erdogan’s shocking decision over the weekend to oust the …
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