Following the election, stock indices on Wall Street saw a sharp rally, while 10-year Treasury rates increased, a sign of declining prices. The momentum changed last week, though, when Governor Adriana Kugler and Federal Reserve Chair Jerome Powell warned against anticipating dramatic rate cuts. According to Powell, the US economy …
Read More »BoE seen to hold Interest rates in August
Interest rates in the UK are expected to be held again next month, rather than cut for the first time in over four years, according to Jonathan Haskel, a member of the Bank of England’s Monetary Policy Committee (MPC). The UK central bank has kept interest rates at a 16-year …
Read More »Fed’s Jefferson: Lower inflation without job market disruption possible
Fed’s Philip Jefferson said on Monday that it is possible for inflation to decline without an unnecessary amount of disruption in the job market, as reported by Reuters.The US Dollar stays under modest bearish pressure following these comments and the US Dollar Index was last seen losing 0.35% on a …
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