As Fed's Powell affirms rate cut view, others see U.S. economy humming

ATLANTA/VICTOR, Idaho (Reuters) – As Federal Reserve Chair Jerome Powell kept the focus Thursday on global risks that could trigger a Fed rate cut in coming weeks, his colleagues from regional Fed districts painted a rosier picture of continued U.S. economic growth and a solid business outlook. The contrasting remarks show the dilemma the Fed faces as it heads toward […]

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U.S. Fed policy-makers debate merit of a repo facility

July 10 (Reuters) – Federal Reserve officials argued the pros and cons of a possible policy tool that allows banks to borrow from the U.S. central bank using Treasuries and other securities as collateral, minutes of the Fed’s June policy meeting released on Wednesday showed. Such a standing fixed-rate repurchase agreement, or repo, facility would serve as a backstop against […]

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Facebook digital currency plan raises 'serious concerns' -Fed chief

WASHINGTON, July 10 (Reuters) – U.S. Federal Reserve Chairman Jerome Powell said on Wednesday that Facebook’s plan to build a digital currency called Libra raises “serious concerns” that merit a thorough regulatory review. “Libra raises many serious concerns regarding privacy, money laundering, consumer protection and financial stability,” he said in an appearance before the U.S. House of Representatives Financial Services […]

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Bond yields are falling to record lows as investors pull back from risky assets

On Thursday, the yield on the 10-year German bund, an important benchmark for European fixed income assets and viewed as a safe haven for investors, was down at -0.398%. Meanwhile, French 10-year bond yields had fallen to -0.12%. In times of uncertainty and challenging market environment, investors tend to move their investments from perceived riskier assets into safe havens like gold […]

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Dollar Bear Market Called as Gundlach Sees Moment of Truth

In this article The dollar is poised to slide into a “modest bear market” as Treasury yields collapse on the back of the Federal Reserve’s dovish pivot. That’s the view of Amundi Pioneer Asset Management’s Paresh Upadhyaya, who says Intercontinental Exchange Inc.’s U.S. Dollar Index may drop 5% to 10% from current levels as American short-term interest rates fall closer […]

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Will the Fed lower interest rates in July? Here's what traders think

Fed is concerned over what happens with tariffs, trade protection: Dennis Gartman The Gartman Letter Publisher Dennis Gartman on the outlook for Federal Reserve policy. A divided Federal Reserve on Wednesday paved the way for an impending rate cut, while formally indicating that a reduction in borrowing costs won’t happen until 2020. Continue Reading Below Traders think it could happen […]

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The Latest: Fed sees no risk to dollar from cryptocurrencies

Federal Reserve Chairman Jerome Powell speaks during a news conference following a two-day Federal Open Market Committee meeting in Washington, Wednesday, June 19, 2019. (AP Photo/Manuel Balce Ceneta) The Latest on the Federal Reserve's monetary policy meeting (all times local): Continue Reading Below 3:10 p.m. Federal Reserve Chairman Jerome Powell is downplaying the possibility that digital currencies such as Facebook's […]

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