U.S. Federal Reserve
President Donald Trump expressed confidence in Treasury Secretary Steven Mnuchin amid worries over a weakening economy and a stock market slump.
Asian shares slid on Thursday after the U.S. Federal Reserve raised rates, as expected, and kept most of its guidance for additional hikes over the next two years.
The U.S. Federal Reserve raised interest rates on Wednesday, as expected, but forecast fewer rate hikes next year.
U.S. Federal Reserve Chair Jerome Powell injected investors with a strong dose of optimism on Wednesday, saying that the central bank’s policy rate is now “just below” estimates of a level that neither brakes nor boosts a healthy U.S. economy, comments th
Asian stocks rose on Thursday, tracking gains on Wall Street, after the chairman of the U.S. Federal Reserve suggested it may nearing an end to its three-year rate tightening cycle, boosting interest in riskier assets.
The White House is considering Mohammed El-Erian, chief economic adviser at German Allianz, to be a vice chair at the U.S. Federal Reserve.
The dollar slipped to an 11-day low against the yen on Tuesday.
The euro slipped on Monday after posting its biggest weekly rise in a month as traders took profits.
The improvement in near-term financial stability has been underpinned by a broad-based global economic upswing.
U.S. investors are not rewarding companies for generating good earnings consistently.
The U.S. Federal Reserve fined HSBC Holdings PLC $175 million on Friday for “unsafe and unsound practices” in its foreign exchange trading business.
The Bank of Japan should maintain its massive monetary stimulus and enhance its communication of how it expects to achieve its 2 percent inflation target.
Hungary should not rush into further cuts in payroll taxes after steep reductions agreed with employers for 2017.
The dollar inched higher against a basket of currencies on Tuesday, with traders focusing on the annual central banking conference in Jackson Hole this week.
European shares edged lower in early deals set to break their three-day winning streak as banks fell following a set of cautious minutes from the U.S. Federal Reserve.