Traders see one-in-three odds of higher U.S. interest rates next month as more Federal Reserve officials joined the chorus arguing the case for policy tightening before Chair Janet Yellen speaks Friday in Jackson Hole, Wyoming.
- Janet Yellen’s Jackson Hole speech: the view from markets – Financial Times (subscription) As Central Bankers Gather, Some at Fed Make Interest Rate Rise Case – Reuters
As central bankers converge on this mountain resort Thursday for an annual conference on monetary policy, a couple of top Federal Reserve officials took the chance to renew a push for interest-rate hikes, citing improvement in employment and inflation.
The election of Donald Trump as President of the United States could lead to chaos in markets and increased policy uncertainty that tip the world into recession, according to Citigroup Inc.
The aggressive use of monetary tools is as important as the target
Having suffered Brexit-related losses, retail foreign exchange traders in Japan are largely steering clear of their typical contrarian bets even as the yen appreciates.
Britain’s high streets are heaving with shoppers despite June’s shock vote to leave the European Union, big companies have reported few signs of distress and some tabloid newspapers are even talking about a post-Brexit economic boom.
China will continue to balance innovation and risk prevention in digital finance, a central bank official said on Friday.
The UK’s Financial Conduct Authority says Europe’s revised Markets in Financial Instruments Directive position limits on commodity derivatives should exempt over-the-counter trades not executed within the EU. Supporters of the position limits plan are concerned with the FCA’s stance.
Iceland is about to exit its capital controls, but it probably will never go back to a full, free-floating currency, Finance Minister Bjarni Benediktsson says.
CME Group plans to list additional contract months for the options on its MXN/USD futures contract on Globex.
UBA, one of Nigeria’s biggest banks, has been readmitted to the country’s foreign exchange market, following a suspension earlier this week of several lenders by the central bank.
Digicel’s first quarter adjusted earnings before interest, tax, depreciation and amortization (EBITDA) has dropped 8pc as a result of currency swings, citing two people familiar with the matter.
Once-revered central bank failed to foresee the crisis and has struggled in its aftermath, fostering the rise of populism and distrust of institutions
he economic outlook for Scandinavian economies looks mixed in the second part of 2016, with upcoming monetary policy decisions and a potential rebound in oil prices among the factors that may boost economic performance.
In a year dominated by sterling’s decline, the yen’s rise and the dollar’s weakness, little impression has been made by the euro — although that may be about to change.
Currency traders basking in the relative calm of August markets just received a jarring reminder of the dangers of chasing high yields.
Investors’ complacency after piling into similar positions could be setting up markets for a burst of volatility.
Former Federal Reserve Chairman Alan Greenspan forecast that interest rates will begin rising soon, perhaps rapidly.
For all of their differences, one thing most Federal Reserve officials seem to agree on is that there’s not much risk of inflation running away from them anytime soon, regardless of what they do with interest rates.
The Federal Reserve could potentially raise interest rates as soon as next month, New York Fed President William Dudley said, warning investors that they are underestimating the likelihood of increases in borrowing costs.
Bullish bets on the British pound are now among the loneliest positions in global markets. Since the June 23 Brexit vote and the Bank of England’s recent decision to cut interest rates, the currency has depreciated sharply, and most see the selloff going further.
The European Union should grant Turks visa-free travel in October or the migrant deal that involves Turkey stemming the flow of illegal migrants to the bloc should put be put aside, Foreign Minister Mevlut Cavusoglu told a German newspaper.
As David Byrne ate breakfast at the Tongli Lakeview Hotel outside Shanghai one Sunday in April, an angry customer was waiting for him.
Financial regulations, particularly for benchmarks, are likely to be materially aligned in the UK and rest of Europe by the time Brexit is completed, however obtaining “equivalence” status for the UK might not be quite as straightforward, a number of sources close to the matter told Profit & Loss in recent weeks, with political reasons potentially playing a role in slowing down the process.
The Bank of England’s plan is to keep calm and carry on buying.
New York Attorney General Eric Schneiderman has announced a $100 million, 44-state settlement with Barclays Bank and Barclays for “fraudulent and anticompetitive conduct” involving the manipulation of USD Libor (London Interbank Offered Rate) and other benchmark interest rates.