Trump says he will keep criticizing Fed if it continues to raise interest rates
President Donald Trump said he disagreed with the Federal Reserve’s decision to raise interest rates, and he said the Fed should do “what’s good for the country,” according to an interview with Reuters. Trump told Reuters that he was “not...
Ten economic experts debate when the US may hit the next recession
The U.S. economy is growing at a fast clip, and the bull market is entering its ninth year. But some economists are starting worry over rising interest rates and a negative signal from the bond market called a “flattening yield...
Trump takes another shot at Fed Chairman Jerome Powell for raising rates
President Donald Trump is grousing again about his Federal Reserve chairman, telling political donors that he was hoping for easier monetary policy. Speaking at a fundraiser in the Hamptons on Friday, Trump said he thought Fed Chairman Jerome Powell would...
Yen Yawns as Investors Look for Cues
The Japanese yen has posted losses in the Monday session. In the North American session, USD/JPY is trading at 110.46, down 0.04% on the day. In economic news, there are no data releases out of the U.S or Japan. Is...
Sterling Mildly Higher But Markets Stay in Overall Consolidative Mode
The forex markets are staying in quiet consolidative mode today. Sterling trades generally higher and is the strongest one for the time of writing. But the momentum is nothing more than that we see inside corrective trading. That is, rather...
Lack of Data Leaves Canadian Dollar Slightly Lower
The Canadian dollar is showing little movement in the Monday session. Currently, USD/CAD is trading at 1.3071, up 0.07% on the day. In economic news, there are no data releases on either side of the border. On Tuesday, Canada releases...
DAX Jumps As Investors Cheer US-China Trade Talks
The DAX index has started the week with strong gains. Currently, the pair is trading at 12,322, up 0.92% on the day. On the release front, German inflation disappointed. PPI dropped to 0.2%, short of the estimate of 0.4%. There...
Quiet Start To Week With Focus Remaining On Trade, Turkey And Upcoming Jackson Hole Symposium
Notes/Observations Currency crisis in Turkey and trade talks between the US/China likely to remain in focus this week; Fed’s Jackson Hole symposium begins Thursday evening Minutes from the recent Fed and ECB meetings will be released on Wednesday and Thursday...
Tesla is getting creamed again — stock down 5%, sliding below $290
Tesla’s stock price sank to below $290 per share on Monday as investors in the electric car maker continued to doubt the validity of a privatization proposal by its founder Elon Musk. Shares of the Palo Alto, California-based company fell...
US health secretary says his agency has the power to eliminate drug rebates to lower costs
U.S. Health and Human Services Secretary Alex Azar said it was within his agency’s power to eliminate rebates on prescription drug purchases, a key element of the Trump administration’s plan to lower prescription medicine costs. Such rebates are negotiated in...