London markets stutter as Fed rate cut expectations ease

2019-07-08

London markets began the week in sluggish fashion as the prospect of U.S. rate cuts eased following Friday’s jobs boost. The FTSE 100 UKX, +0.01%   remained flat as rebounding mining giants helped the blue-chip index avoid major losses. Miners recovered from a three-day losing streak after China’s major steelRead More →

Asian Stocks Mixed Ahead of Fed Meeting By Investing.com

2019-06-17

© Reuters. Investing.com – Asian stocks were mixed in morning trade on Tuesday ahead of this week’s key Federal Reserve decision. China’s fell 0.2%, while the inched up 0.1%. While not a major directional driver, data showed today that China’s new home prices rose 0.7% month-on-month in May, picking upRead More →

Why the Fed should ditch its 2% inflation target

2019-06-17

The Federal Reserve is charged by Congress to accomplish full employment and stable prices. For economists, these objectives pose a tradeoff, and the Fed targets 2% inflation as a compromise. All this is premised on economic theories rendered obsolete by the globalization of many goods and services markets, capital mobility, and resulting wageRead More →

Asian markets mostly higher as investors await Fed meeting

2019-06-16

Asian shares were mostly higher Monday amid a wait-and-see attitude about the direction of interest rates and the trade dispute between the U.S. and China. Japan’s benchmark Nikkei 225 NIK, +0.09%   gained 0.1% in morning trading. Australia’s S&P/ASX 200 XJO, -0.22%   lost 0.s%, while South Korea’s Kospi 180721,Read More →