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Day: December 5, 2018

Criminal probe prompts pause in suit claiming J.P. Morgan Chase rigged precious metals markets

A federal judge has put on hold, for at least six months, a civil lawsuit accusing J.P. Morgan Chase of rigging the precious metals market, citing an ongoing related criminal investigation. Judge Paul Engelmayer’s decision came at the request of federal prosecutors in Manhattan, but only after he had repeatedly pushed them to justify the …

Criminal probe prompts pause in suit claiming J.P. Morgan Chase rigged precious metals marketsRead More

‘Trumponomics’ writer Art Laffer: I am a ‘huge fan’ of Fed chief Powell’s handling of interest rates

Federal Reserve Chairman Jerome Powell, often criticized for increasing interest rates by President Donald Trump, has been effective at the helm of the nation’s central bank, conservative economist Art Laffer told CNBC on Wednesday. “I’m a huge fan of Powell’s,” said Laffer, formerly an economic advisor to presidents Trump and Ronald Reagan. “I think he’s …

‘Trumponomics’ writer Art Laffer: I am a ‘huge fan’ of Fed chief Powell’s handling of interest ratesRead More

USD/CAD – Over 100-Pips Rally on Unchanged BoC, Cracked Key Barrier

The pair surged nearly hundred pips to new over sixteen months high after The Bank of Canada left interest rates unchanged in expected action on today’s rate decision meeting.The central bank warned that Canadian economy has less momentum in Q4 and that overall inflation rate would ease more than expected in coming months. Regarding the …

USD/CAD – Over 100-Pips Rally on Unchanged BoC, Cracked Key BarrierRead More