Dollar gains after Fed pushes back on big rate cut bets

LONDON (Reuters) – The dollar rose on Wednesday as expectations dwindled for aggressive cuts in U.S. interest rates after comments by Federal Reserve officials. Fed Chairman Jerome Powell stressed the central bank’s independence from U.S. President Donald Trump, who is pushing for rate cuts. St. Louis Fed President James Bullard, considered one of the most dovish U.S. central bankers, surprised […]

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Dollar inches higher after Fed checks aggressive easing views

TOKYO (Reuters) – The dollar edged up from a three-month low on Wednesday, as investors dialled back expectations for aggressive U.S. rate cuts but underlying conviction the Federal Reserve will need to ease policy soon capped greenback gains. Fed Chairman Jerome Powell on Tuesday stressed the central bank’s independence from U.S. President Donald Trump, who is pushing for significant rate […]

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FedEx says ‘weakness in global trade’ impacting business in fiscal 2020

FedEx sues US Commerce Department over restrictions on Huawei Fox News senior judicial analyst Judge Andrew Napolitano reacts to FedEx’s lawsuit against the U.S. government. Global delivery company FedEx warned Tuesday that "macroeconomic weakness and trade uncertainty" could hurt its fiscal 2020 performance. Continue Reading Below The cautious outlook came as the Memphis, Tennessee, corporation reported revenue for the fourth quarter, […]

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Trade stress, Iran tensions hits stocks, dollar frets on Fed doves

LONDON (Reuters) – European shares were spooked by Iran tensions and trade jitters on Tuesday, while the risk of more dovish talk from the Federal Reserve inflated gold to six-year highs and stoked demand for safe-harbor currencies like the yen and Swiss franc. Taking a dramatic step to increase pressure on Iran, U.S. President Donald Trump on Monday signed an […]

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