Fed study finds Trump tariffs backfired

2019-12-27

Getty Images President Donald Trump and Vice President Mike Pence examine a wheel loader from Caterpillar Inc. on the South Lawn of the White House in 2017. President Donald Trump’s strategy to use import tariffs to protect and boost U.S. manufacturers backfired and led to job losses and higher prices,Read More →

FDIC Chairman on repo market, LIBOR, and farm loans

2019-11-12

FDIC Jelena McWilliams, FDIC Chairman, speaks at a commercial real estate conference in New York, November 6, 2019 The U.S. banking system is safer and healthier than it was a decade ago, before the 2008 financial crisis, but every so often, there is a hiccup or two. When trillions ofRead More →

Gold holds above $1,500 ahead of this week’s Fed meeting

2019-10-28

Gold futures edged lower Monday but held above the psychologically important level of $1,500 an ounce as traders await this week’s Federal Reserve policy meeting. Gold for December delivery GCZ19, -0.33%  on Comex fell $4.30, or 0.3%, to $1,501 an ounce, while December silver SIZ19, -0.06%  edged 1.9 cents higher,Read More →

No end in sight for ECB’s inflation problem

2019-10-01

Unemployment in the eurozone declined to 7.4% in September, its lowest level since August, 2008, the EU’s statistics institute Eurostat said Monday. But this good news about the European economy helps underline the predicament the European Central Bank has long struggled with: the persistent low level of inflation. The ECBRead More →