Tag: US Federal Reserve
This came as a shock to many economists, since as recently as Sept, the Fed expected to raise rates three times this year.
Last year, Trump angrily denounced the Fed's interest rate hikes, which led to talk of plans to fire Powell, even though he was the president's nominee.
The dollar index against a basket of six major currencies is set to decline about 0.3% this week, which could be its biggest weekly fall in a month.
A growing US economy and low recession risk may provide opportunities for the Fed to ratchet up borrowing costs.
A remarkably low 72% of market participants expect an increase in the federal funds rate which is used to set the cost of borrowing for everything from homes to cars.
The political obstacles might prove particularly daunting when it comes to the Fed activating emergency swap lines to provide other central banks with dollars to dole out in a crisis.
A dealer says KLSE is tracking Asian stocks which open mixed as investors assessed commentary from the Federal Reserve.
News that carmakers had triggered some Brexit contingency plans in Britain were weighing on the automobile sector which, with a 1.1% fall, was sustaining the heaviest losses.
The Fed, which regularly checks banks' financial strength, had cited "widespread and critical deficiencies" in Deutsche's capital planning controls.
This year the US Federal Reserve will shred an estimated 5.6 billion damaged, out-of-date or just plain shabby banknotes worth a combined US$175 billion and send them to be incinerated.
Her Fed telegraphed its every move to withdraw stimulus, and it trained investors to not see the Fed as a threat to markets’ prosperity.
Currency hit by Donald Trump’s impending presidency, acceleration of US interest rate hikes, low crude oil prices and the 1MDB scandal fallout, says report.
A Wall Street Journal poll of economists this week put the Federal funds rate at an average of 1.26 percent by December 2017, implying four rate increases.
The local unit's onshore trading was at 4.3380/3500 against the greenback from 4.3340/3390 on Tuesday.
The local unit was quoted at 4.0355/0405 versus the US dollar from 4.0490/0540 on Thursday.
The local unit was quoted at 4.0530/0600 against the US dollar from 4.0470/0520 on Thursday.
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