Economic Measures
Inflation
Trump’s implication that he favors holding rates down in the face of economic growth defies the convention that monetary tightening is necessary to temper inflation.
President Donald Trump on Thursday criticized Federal Reserve policy even though most economists believe the highest inflation in seven years and lowest unemployment in 40 years justify recent interest rate rises and a strong U.S. dollar. Trump said he was concerned about the potential impact on the U.S. economy and American corporate competitiveness...
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President Donald Trump has a point – the Federal Reserve is being “very aggressive” about raising interest rates, former Dallas Fed Vice President Jerry O’Driscoll told CNBC on Thursday.
Chris Merrill, Harrison Street Real Estate CEO, discusses the impact the Federal Reserve could have on the real estate industry if it continues to raise interest rates.
“This is not a good policy from the administration,” says Frederic Mishkin, former Federal Reserve governor.
LONDON, July 19- The dollar rose to a one-year high on Thursday as investors strengthened bets on the currency's long-term strength following upbeat comments on the U.S. economy by the Federal Reserve's chairman. Jerome Powell did not alter expectations of U.S. monetary policy in his addresses to Congress on Tuesday and Wednesday, but traders saw his remarks as...
MANILA, July 19- The Asian Development Bank said developing Asia is on track to meet growth expectations for this year and 2019, but warned that rising U.S. protectionist trade measures and countermeasures from China and others pose "a clear downside risk". It now sees Indonesia growing 5.2 percent this year, instead of 5.3 percent, and has raised its forecast for...
Gareth Aird of Commonwealth Bank says the falling home prices in Australia have not had a "negative effect" on household sentiment.
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The Fed should move interest rates up far enough to prevent unwanted inflation but not so fast that a recession ensues, Kansas City Federal Reserve Bank President Esther George said.
*Spot gold to hover above $1,226 an ounce- technicals. BENGALURU, July 18- Gold prices slipped to their lowest in a year on Wednesday, as the dollar firmed after Federal Reserve Chairman Jerome Powell's U.S. economic outlook reinforced views that the central bank is on track to steadily hike interest rates. The stronger dollar following Powell's comments weighed...
*Spot gold to hover above $1,226 an ounce- technicals. BENGALURU, July 18- Gold prices on Wednesday held steady near a one-year low hit in the previous session, as the dollar firmed after Federal Reserve Chairman Jerome Powell's U.S. economic outlook reinforced views the central bank is on track to steadily hike interest rates. The stronger dollar following...
BENGALURU, July 18- Gold prices on Wednesday held steady near a one-year low hit in the previous session, as the dollar firmed after Federal Reserve Chairman Jerome Powell's U.S. economic outlook reinforced views the central bank is on track to steadily hike interest rates. *The Fed's Powell said on Tuesday he sees the United States on course for years more of...
SAN FRANCISCO, July 17- With the U.S. economy firing on all cylinders, the Federal Reserve should ease away from monetary policy accommodation and move interest rates up far enough to prevent unwanted inflation but not so fast that a recession ensues, a U.S. central banker said Tuesday. "At a time of full employment with price stability, policy should be a neutral...
NEW YORK, July 17- The U.S. two-year Treasury yield rose on Tuesday to its highest level in nearly a decade, with the yield curve at its flattest in nearly 11 years, as Federal Reserve Chairman Jerome Powell's upbeat remarks on the economy supported traders' view of more rate hikes. Powell, in testimony about the economy and monetary policy before a Senate panel, said: "...
NEW YORK, July 17- The U.S. two-year Treasury yield rose on Tuesday to its highest level in nearly a decade, with the yield curve at its flattest in nearly 11 years, as Federal Reserve Chairman Jerome Powell's upbeat remarks on the economy supported traders' view of more rate hikes. Powell, in testimony about the economy and monetary policy before a Senate panel, said: "...
WASHINGTON, July 17- U.S. industrial production increased in June, boosted by a sharp rebound in manufacturing and further gains in mining output, the latest sign of robust economic growth in the second quarter. But the outlook for the industrial sector is uncertain against the backdrop of escalating trade tensions between the United States and its major trade...
NEW YORK, July 17- The dollar rose on Tuesday as Federal Reserve Chairman Jerome Powell provided an upbeat assessment on the U.S. economy while downplaying the impact of current global trade policy discussions on the outlook for further monetary tightening. Powell said in his prepared remarks before the Senate Banking Committee that it would be difficult to...
Federal Reserve Chair Jerome Powell testifies in front of the Senate Banking Committee.
Lakshman Achuthan of the Economic Cycle Research Institute sees fresh trouble in the economic growth cycle.
LONDON, July 17- The dollar held steady below a one-year high on Tuesday as investors grew wary about the currency's outlook after a recent rally and concerns that U.S. economic momentum could peak soon. Powell will testify on the economy and monetary policy before the U.S. Senate Banking Committee at 1400 GMT. Fund managers have cut equity allocations to the...
