EghtesadOnline: President Donald Trump is expected to nominate Federal Reserve Governor Jerome Powell to seize the reins of the central bank when Chair Janet Yellen’s term ends in February 2018, in a move that could alter monetary policy and the direction of America’s economy.
EghtesadOnline: The dollar surged by the most in six weeks and Treasuries fell after hiring data from last month came in stronger than forecast, underpinning the case for tighter monetary policy. The Dow Jones Industrial Average rose a ninth straight day to close at a record.
EghtesadOnline: Most Asian stocks rose, with a falling yen pushing shares higher in Japan, as investors weighed the impact of the American jobs report and the path for U.S. monetary policy tightening.
EghtesadOnline: Wall Street's top banks expect just two rate hikes from the Federal Reserve this year and see only modest risk to the U.S. central bank being pressed into a more aggressive pace of monetary policy tightening, a Reuters poll showed on Friday.
EghtesadOnline: The dollar took a breather on Wednesday after falling to a seven-week low against the yen as investors await Federal Reserve Chair Janet Yellen's speech on monetary policy, while sterling gave back some of the previous session's rally.
EghtesadOnline: Potential candidates to head the Federal Reserve in 2018 suggested that monetary policy would be tighter if they were in charge.
EghtesadOnline: Asian shares and the dollar were on tenterhooks on Tuesday as investors awaited the looming outcome of the Federal Reserve's rates review, with all eyes on how the Fed steers monetary policy in the wake of Republican Donald Trump's surprise election win last month.
EghtesadOnline: The dollar inched lower on Monday but didn't stray far from recent highs ahead of a U.S. Federal Reserve meeting that's expected to deliver an interest rate hike as well as clues to future monetary policy.