News

25
Sep

Yellen Says She Still Expects Rate Increase This Year

Chair herself sees a 2015 liftoff from near-zero rates Yellen says Fed can’t be sure how quickly headwinds will fade Federal Reserve Chair Janet Yellen said the U.S. central bank is on track to raise interest rates this year, even as she acknowledged that economic “surprises” could lead them...

18
Sep

Yellen Caution Sends Signal to Carney That BOE Should Stay Wary

Fed left U.S. rate unchanged, citing international risks BOE’s Haldane says next U.K. policy move may even be loosening The Federal Reserve’s assessment of rising international risks and a weak outlook for inflation probably looks familiar to Mark Carney. As Fed Chair Janet Yellen cited “heightened uncertainties abroad” and...

14
Sep

Dollar inches lower as Fed countdown begins

The dollar inched lower on Monday with investors sticking to the sidelines as the countdown begins on whether the Federal Reserve will hike interest rates for the first time in nearly a decade. The euro edged up 0.1 percent to $1.1350 EUR=, holding on to last week’s 1.8 percent...

13
Sep

Dollar Enters Pivotal Week With Crisis-Period Trades Uwinding

Commodity currencies staged the steepest gains this week Dollar weakens as futures suggest traders betting Fed on hold Currency traders are putting the frenzy of August behind them, signaling that global markets have calmed as Federal Reserve policy makers consider raising interest rates for the first time since 2006....

10
Sep

Pound Rises as BOE Says Time for a Rate Increase Is Approaching

Currency traders correct an `overly dovish interpretation’ McCafferty again alone in voting for immediate rate increase The pound advanced, approaching its strongest level in three weeks against the euro, after Bank of England policy makers said China’s slowdown hasn’t shaken their conviction that the time for the first U.K....