Former Trump campaign advisor Stephen Moore: ‘We knew we weren’t going to get 5% growth’
Stephen Moore Andrew Harrer | Bloomberg | Getty Images President Donald Trump is an “exaggerator” who knew his policies wouldn’t generate the 5% growth he had promised while campaigning, according to Stephen Moore, who served as a campaign advisor to...
Weekly mortgage refinances jump 10% as rates drop to the lowest level since August
A home mortgage sign on a Wells Fargo branch in Brooklyn, New York. Getty Images An unexpected decline in mortgage interest rates had homeowners calling their lenders last week, looking to save money on their monthly payments. Refinance demand surged,...
Powell says the Fed will start expanding its balance sheet ‘soon’ in response to funding issues
The Federal Reserve will soon start growing its balance sheet again, a response in part to the jolt to overnight lending markets in September, Chairman Jerome Powell said Tuesday. How the Fed will go about expanding the securities it holds...
The father of the yield curve indicator says now is the time to prepare for a recession
Getty Images Investors, business owners and consumers should be heeding the message that the inverted yield curve is sending, according to the researcher who pioneered the economic forecasting model. Duke University professor Campbell Harvey said people shouldn’t wait for the...
US producer prices post the biggest decline in eight months in September
U.S. producer prices unexpectedly fell in September, leading to the smallest annual increase in nearly three years, which could give the Federal Reserve room to cut interest rates again later this month. The weak producer inflation readings reported by the...
FX: It’s co-location, but not as we know it
What price low latency? That is the question that more and more market participants are grappling with as they seek to jump on the co-location bandwagon. Data-centre access doesn’t come cheap, but there are folk who can help out. Falling...
In FX, clients are looking more like regulators
Broker analytics are all the rage in FX. According to a recent report by Greenwich Associates (The State of Transaction Cost Analysis – 2019), about 60% of FX trading desks have now deployed trade performance analysis tools. On the surface...
Powell says it’s the Fed’s job to keep the economy in a ‘good place’ for ‘as long as possible’
Federal Reserve Chairman Jerome Powell described the U.S. economy on Friday as being solid, noting the central bank must do what it can to keep it there. “While not everyone fully shares economic opportunities and the economy faces some risks,...
Fed’s Clarida says central bank will set policy meeting by meeting
Richard Clarida Scott Mlyn | CNBC Federal Reserve Vice Chairman Richard Clarida gave little away on Thursday about the U.S. central bank’s next steps on monetary policy, saying the U.S. consumer and economy are in a “good place,” the labor...
Services survey shows economy is weaker than expected amid slowdown fears
The services sector continued its expansion in September but at a considerably slower pace than expected, according to the ISM Non-Manufacturing Index released Thursday. The closely watched measure came in at 52.6, compared with an expected reading of 55.3 from...
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