An under pressure U.S. dollar handed back part of its month-end bounce on Tuesday, as investors reckoned on more monetary easing by the Federal Reserve and a gathering recovery elsewhere.
Gold rose 1% on Tuesday, following a sharp slide in the last session, as focus returned to the likelihood of more monetary stimulus to revive a global economy still reeling from the Covid-19 pandemic.
The dollar was steady on Tuesday and the yen stayed near three-weeks lows, as investors remained optimistic about progress toward a COVID-19 vaccine and the currency markets digested Monday's big moves.
A discussion of all that's moving the market today including the coronavirus, Apple and more.
Getting the Fed to move from its position may not be as tough as it seems if inflation picks up.
"If you get two or three BBB-credit downgrades to BB or B, that could lead to a rapid widening in credit spreads," Kaplan warned.
Kaplan expects U.S. economic growth to slow substantially in Q4 as businesses cut inventories.
"I believe it would be wise to take additional time and allow events to unfold" before deciding on rates, the Dallas Fed official said in an essay.
Robert Kaplan, president of the Federal Reserve's Dallas district, said low inflation is here to stay.
The Federal Reserve ought to stop raising interest rates until it gets a clearer picture of where the economy is headed, Robert Kaplan, president of the central bank's Dallas district, said in an interview Thursday.
The number of interest rate hikes next year has been the subject of debate on Wall Street as concerns about an economic slowdown continue to slam the stock market.
Stocks fell on Wednesday as shares of Apple rolled over and fell briefly into a bear market. A decline in bank shares also pressured the broader market.
The Federal Reserve needs to raise interest rates about four more times before it reaches an equilibrium level, Dallas Fed President Robert Kaplan says.
Inflation is nearing the Fed's 2 percent goal while not accelerating enough to suggest the economy is overheating, Dallas Federal Reserve President Robert Kaplan said.
Dallas Fed President Robert Kaplan thinks economic growth can start to look sluggish in the future.
The prosperous market conditions of high growth and low inflation will soon have run its course, according to the CIO at Alliance Bernstein.
Global worries over an emerging "trade war" pose an uncertainty for the Federal Reserve, officials said Wednesday.
Robert Kaplan said that hurting U.S. relationships with trading partners would be against its own interest.
Raising rates gives the U.S. the best chance to keep pushing the economy forward, Dallas Fed's president says.
U.S. government debt yields rose Tuesday after North Korea said it was open to talking with the United States regarding denuclearization.
