Japanese-style interest rate caps are drawing interest from global central bankers worried about a downturn, including U.S. Federal Reserve officials.
Federal Reserve Vice Chairman Richard Clarida said Tuesday that he would take the inverted yield curve "seriously" if it "persists for some time."
He said he will be watching current conditions, in particular the trade war and the inverted yield curve in the bond market, for clues about where the Fed should go next.
Stocks fall sharply after China decides to raise tariffs on $60 billion worth of U.S. goods.
The dollar slipped against a basket of currencies on Friday as traders focused on the weaker aspects in the April U.S. payrolls report, brushing aside stronger-than-forecast hiring and a drop in the jobless rate to the lowest in more than 49 years.
LONDON, April 18- The U.S. economy hit a soft patch during the first three months of the year with manufacturing output up only slightly compared with the same period a year earlier and freight movements mostly down. Containerised rail freight was up by just 1.2 percent in December-February, down from more than 6 percent growth in July-September, according to the...
*MSCI Asia ex- Japan -0.1 pct. SHANGHAI, April 12- Asian shares weakened on Friday as trepidation ahead of the start of the U.S. corporate earnings season and underlying anxiety over the global growth outlook eclipsed some reassuring U.S. economic data. MSCI's broadest index of Asia-Pacific shares outside Japan was down 0.1 percent, having earlier see-sawed...
WASHINGTON, April 11- White House economic adviser Larry Kudlow said on Thursday he has confidence in Federal Reserve Chairman Jerome Powell but that President Donald Trump intends to proceed with plans to name a controversial partisan to the U.S. central bank's board of governors. Kudlow said at an event sponsored by The Hill the White House is sticking by...
Narayana Kocherlakota, former Minneapolis Fed President, joins "Closing Bell" to discuss the possibility of an interest rate cut from the Fed and more.
Fed vice chair Richard Clarida sits down with CNBC's Sara Eisen to discuss the state of the U.S. economy, global growth and the U.S. China trade on the economy.