China on Tuesday hiked the required reserve ratio for banks by 50 basis points (bps) after consumer prices rose more than expected in the month of May. But JPMorgan said it expects inflation to peak in the coming months, and for China's rate tightening cycle to end soon.
President Barack Obama "essentially fired" Fed Chairman Ben Bernanke in televised remarks this week, former Federal Reserve Governor Laurence Meyer says.
Tuesday, 18 Jun 2013 | 6:00 PM ETHow to approach the Fed's monetary decision, with Mad Money host Jim Cramer.
Tuesday, 18 Jun 2013 | 12:01 PM ETThe Federal Reserve won't change course on quantitative easing this week, Steve Weiss of Short Hills Capital says.