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Currencies: Dollar claws back ground after Beige Book; Canadian dollar sells off after BOC decision
The U.S. dollar edges slightly higher against its main rivals on Wednesday as the British pound falls from a new post-Brexit high on disappointing inflation data, and the Canadian dollar slips as the Bank of Canada left rates unchanged......»»
Currencies: Dollar strengthens but off its highest levels; Canadian dollar sells off after BOC decision
The U.S. dollar edges slightly higher against its main rivals on Wednesday as the British pound falls from a new post-Brexit high on disappointing inflation data, and the Canadian dollar slips as the Bank of Canada left rates unchanged......»»
London Markets: FTSE 100 moves lower as oil shares fall, Fed steps into the spotlight
U.K. stocks slipped Wednesday, with investors entering wait-and-see mode ahead of the Federal Reserve’s decision on interest rates and the release of British inflation figures......»»
"We"re Buying This Soft Landing": Former Fed Governor Blames Government Spending For Delaying Rate Cuts
Robert Kaplan critiques U.S. fiscal policies, stating they hinder Fed's ability to cut rates amidst inflation. Risk of high rates and debt. read more.....»»
"You Can"t Have Your Cake And Eat It Too:" Top Asset Manager Discusses Shift In Sentiment Amid Stocks Downturn
Avery Sheffield says that while bulls have been waiting for positives like "lower unemployment, lower costs, lower rates, lower inflation," the reality is that inflation has remained stickier for longer than it was expected. read more.....»»
Tech stocks lead US markets lower as inflation fears persist
A decline in technology stocks pulled down the broader stock market as investor fears over rising inflation continue to persist. Andrew Kelly/Reuters Technology stocks led US markets lower on Monday as investor.....»»
Disney And Microsoft Lead The DIA Lower Monday
U.S. indices traded lower Monday amid continued weakness in tech stocks. Concerns over inflation and yields, as well as a rotation out of tech and software names, have continued to pressure stocks this year. read more.....»»
Lender brings immigrant-friendly, anti-predatory philosophy to Colorado
The nonprofit community development financial institution, based in Rhode Island, specializes in small-dollar loans with significantly lower interest rates than payday lenders......»»
Bond Report: U.S. government bond yields rise even as global stocks see sharp selloff
Treasury rates inch higher but moves were comparatively subdued against a backdrop of equity markets that were skidding sharply lower partly on fears of out-of-control inflation......»»
Billionaire investor Leon Cooperman says the stock market will be lower a year from now due to higher taxes, rising interest rates, and inflation that will surprise the Fed
The billionaire investor's comments come just one day after the S&.....»»
Market Snapshot: U.S. stocks end lower, despite Powell vow to keep Fed policy supportive for some time
Stocks finished lower Wednesday after Federal Reserve Chair Jerome Powell said benchmark interest rates will remain near zero and policy will stay accommodative for some time, despite rising inflation......»»
3 reasons the stock market rally is set to continue despite recent volatility, according to UBS Wealth Management
UBS' Haefele says strong corporate earnings, rising vaccination rates, and lower than expected inflation figures will allow stocks' rally to survive. Caroline Purser/Getty Images The VIX index.....»»
: Mortgage rates keep increasing — and the $1.9 trillion pandemic relief bill could push them even higher
Some analysts expect the $1.9 trillion COVID package to boost inflation, which in turn would lead to higher mortgage rates......»»
Market Snapshot: Stocks lower as Fed’s Powell says inflation unlikely to ‘change on a dime,’ despite rising bond yields
Stocks lose ground Tuesday, with tech shares continuing to lead the way down, as Federal Reserve Chairman Jerome Powell vows to stay the course on easy monetary policy and warns the economic recovery remains uneven and far from complete......»»
US stocks set to resume climb, while bond yields and the dollar slip as investors mull lower-than-expected inflation
Weaker-than-ex.....»»
Paychecks just got bigger for the wrong reasons
The Fed has slashed rates to zero and launched trillions of dollars worth of lending programs to help consumers, businesses and cities that have been hit hard by the coronavirus outbreak. That may eventually lead to a big inflation spiral......»»
Asia stocks set to track soft Wall Street lead amid pandemic worries
Asian stocks were set to come under pressure on Thursday as downbeat economic data pushed investors to safe havens and growing worries about falling demand sent oil prices lower......»»
Trump demands even lower rates less than an hour after Fed"s first emergency cut since 2008
Jabin Botsford/The Washington Post via Getty Images Trump demanded even lower interest rates from the Federal Reserve less than an hour after its unexpected move. He called on the Fed to "LEAD" with "more easing and cutting" in a tweet.....»»
The Agenda: 22 school districts pay top dollar, the housing market gets tighter and fears rise about Canadian trade
MORNING LEAD Twenty-two Western New York school districts pay their typical teachers more than $80,000 a year, according to newly released statistics from the New York State Education Department. Topping the list is Niagara Falls, where the median pay .....»»
Sales of existing homes jump to nearly a 2-year high
U.S. home sales jumped to their highest level in nearly two years in December, the latest indication that lower mortgage rates are helping the housing market to regain its footing after hitting a soft patch in 2018......»»