Trade uncertainty to cut 1% from US GDP: Fed research

Trade uncertainty to cut 1% from US GDP: Fed research

The uncertainty created by President Donald Trump’s global trade offensive should shave about one percent off the US economy through early next year, according to research from the Federal Reserve. Economists have warned since last year that Trump’s trade battles with China and Europe threaten global economic growth, which has begun to slow. Businesses complain […]

Federal Reserve officials lay out case for aggressive rate cuts

Federal Reserve officials lay out case for aggressive rate cuts

Federal Reserve officials signaled they are ready to cut interest rates by a quarter-percentage point at their coming meeting, while indicating the potential for additional reductions because they are worried about a slowdown in global growth, an increase in trade-policy uncertainty and a pullback in inflation. Officials aren’t prepared for bolder action by making a […]

Quick Profits On The Chinese Yuan (CN¥) ⇨ US Dollar ($) (CNYUSD)

Quick Profits On The Chinese Yuan (CN¥) ⇨ US Dollar ($) (CNYUSD)

China’s yuan firmed slightly against the US dollar ahead of possibly tighter monetary policy at home if US interest rates rise this week. The market has turned its focus to the Federal Reserve’s two-day policy meeting that starts later on, speculating that a hike in rates there will have a spillover effect on domestic money […]

The Fed: Yellen Talks Rates

The Fed: Yellen Talks Rates

Janet Yellen on Friday signaled that an interest rate hike in this month’s monetary policy will likely be appropriate, if the economy progresses in line with officials’ expectation. “At our meeting later this month, the (Federal Open Market) Committee will evaluate whether employment and inflation are continuing to evolve in line with our expectations, in […]