Fed hikes rates, leaves the option of a tightening cycle halt

With what could be the last in a record run of interest rate hikes and a heightened focus on credit and other economic vulnerabilities, the Federal Reserve entered a new phase in its management of the post-pandemic economic recovery on Wednesday. As expected by the financial markets, the Federal ...

US BANKS LOOK HEALTHY TO BE ALLOWED TO PAY DIVIDENDS & REPURCHASE STOCK: JANET YELLEN

Highlights

• This comment from Yellen came during a second day of testimony in the US Congress, where she was accompanied by Federal Reserve Chair Jerome Powell

• Yellen said while she previously was against allowing banks to stock buybacks, but now financial institu...

FED TO ANNOUNCE THE NEW POLICY INITIATIVES SOON

Highlights

• The culmination of the process could be announced around the Federal Open Market Committee’s meeting
• It includes public meetings and extensive discussions among central bank officials

The Federal Reserve will be soli...

Need to end the trade war between the US and China

Last Friday U.S. President Donald Trump outlined the first phase of a deal to end the trade war. He suspended a threatened tariff hike, but both side officials expressed views that before a settlement could be agreed much more work needed to be done.

Even though household spending remai...