Bloomberg Federal Reserve Vice Chairman Richard Clarida on Friday said he’s “very happy” with the stance of monetary policy, suggesting the hurdle for more interest rate cuts is high. Clarida said he was optimistic about the outlook and poked a bit of fun at economists who have been forecasting anRead More →
Asian markets gained in early trading Tuesday following muted gains on Wall Street. Investors awaited an announcement from Australia’s central bank later in the day, with investors expecting a 25-basis-point interest-rate cut. Japan’s Nikkei NIK, +0.77% rose 0.7% as the national sales tax was raised by 2 percentage points,Read More →
Alternative Rates Reference Committee, Federal Reserve, Federal Reserve Bank of New York A new interest-rate index can be a suitable replacement for Libor, the current benchmark rate index set to be retired after 2021, a working group of finance professionals has determined. That means the mortgage industry should start soonRead More →
Bloomberg News/Landov Fed Chairman Jerome Powell says he’s the boss: He won’t quit or leave his post if Trump tries to fire him. Federal Reserve Chairman Jerome Powell said the U.S. is suffering from a bout of uncertainty caused by trade tensions and weak global growth, but he pledged toRead More →
