Oil markets were slightly down but stable on Friday, supported by ongoing supply cuts and strong demand which have resulted in a tightening market, although the prospect of rising U.S. output capped prices.
Barclays is still expecting two rate hikes next year — no matter who the Federal Reserve chief may be, the bank's head for Asia foreign exchange and rates strategy said on Thursday.
THE wait is over. On November 2nd Donald Trump announced that he will nominate Jerome Powell, a former investment banker and current Federal Reserve governor, as the next chairman of America’s central bank.
The Bank of England’s Monetary Policy Committee (MPC) sets monetary policy to meet the 2% inflation target, and in a way that helps to sustain growth and employment.
Information received since the Federal Open Market Committee met in September indicates that the labor market has continued to strengthen and that economic activity has been rising at a solid rate despite hurricane-related disruptions.
At today’s meeting the Governing Council of the ECB took the following monetary policy decisions:
TOKYO (Reuters) - The euro stretched gains on Thursday ahead of a European Central Bank meeting that could result in a less accommodative monetary policy, while Asian stocks were subdued after Wall Street pulled back from record highs.
NEW YORK (Reuters) - The dollar reversed gains on Wednesday, losing steam after data showed U.S. homebuilding fell last month, and was on track to snap four days of gains, even as higher U.S. Treasury yields provided some support.
WASHINGTON (Reuters) - The top U.S. and Canadian and trade officials on Tuesday accused each other of sabotaging efforts to renegotiate the North American Free Trade Agreement, even as they and Mexico agreed to extend talks into the first quarter of 2018.
NEW YORK (Reuters) - A more than eight-year bull market on Wall Street will simmer for the rest of 2017 before picking up again next year, said strategists in a Reuters poll who were optimistic …