Two Fed Officials Point to Possibility of April Rate Hike
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Two Fed Officials Point to Possibility of April Rate Hike – Bloomberg
Two Federal Reserve officials said interest-rate increases may be warranted as soon as the central bank’s meeting next month, citing solid readings on the U.S. economy despite headwinds from abroad.
China’s Central Bank Chief Sounds Warning Over Rising Debt
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China’s Central Bank Chief Sounds Warning Over Rising Debt – Bloomberg
People’s Bank of China Governor Zhou Xiaochuan sounded a warning over rising debt levels, saying corporate lending as a ratio to gross domestic product had become too high and the country must develop more robust capital markets.
Asia Stocks, Oil Jump as Dollar Sags After Fed
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Asia Stocks, Oil Jump as Dollar Sags After Fed – Reuters
Asian shares edged higher on Friday, oil touched a 2016 high and the U.S. dollar weakened as investors turned more positive on riskier assets after the Federal Reserve’s cautious stance on further interest rate increases.
Fed Holds Steady, Eyes Two Rate Hikes This Year
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Fed Holds Steady, Eyes Two Rate Hikes This Year – Reuters
The Federal Reserve held interest rates steady on Wednesday and indicated that moderate US economic growth and “strong job gains” would allow it to tighten policy this year, with fresh projections showing policymakers expected two quarter-point hikes by the year’s end, half the number seen in December.
Britain’s Fraud Office Drops Forex Market Investigation
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Britain’s Fraud Office Drops Forex Market Investigation – Reuters
Britain’s fraud watchdog has ended an investigation into possible foreign exchange market rigging, saying it did not have enough evidence to secure convictions, in a further setback to its efforts to prosecute wrongdoers in financial markets.
Fed to Sit Tight on Rates at March Meet, Hint at Hikes to Come
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Fed to Sit Tight on Rates at March Meet, Hint at Hikes to Come – Reuters
The Federal Reserve won’t raise interest rates this week, but will likely make clear that as long as U.S. inflation and jobs continue to strengthen, economic weakness overseas won’t stop rates from rising fairly soon.
China Burns Hedge Funds as $562 Million Yuan Bet Turns Worthless
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China Burns Hedge Funds as $562 Million Yuan Bet Turns Worthless – Bloomberg
The battle over the fate of China’s currency is starting to get bloody for the bears.
Draghi’s Stimulus Effect Fizzles as Euro Rallies to Reverse Drop
Draghi’s Stimulus Effect Fizzles as Euro Rallies to Reverse Drop – Bloomberg
It took less than 90 minutes for the euro to reverse all of the decline sparked by the European Central Bank’s package of monetary stimulus.
Turbulence for Euro Ahead of Expected ECB Monetary Easing
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Turbulence for Euro Ahead of Expected ECB Monetary Easing – Financial Times (subscription)
Turbulence in the euro dominated currency trading on the eve of the European Central Bank’s crucial policy meeting, amid heightened expectations it will expand monetary easing.
Mark Carney Says Brexit Is Biggest Domestic Risk to U.K. Financial Stability
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The Bank of England waded into the highly charged debate on the nation’s membership in the European Union, saying the possibility that Britain chooses to leave the bloc represents the biggest domestic risk to the stability of the U.K. financial system.