Trump nominates Powell as Fed chair
Jerome ‘Jay’ Powell will replace Janet Yellen as chair of the Federal Reserve.
Jerome ‘Jay’ Powell will replace Janet Yellen as chair of the Federal Reserve.
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US president Donald Trump may be touting his pick for Federal Reserve chair as an “anxiously awaited” event, but how are investors preparing for Thursday’s big reveal?
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The US Federal Reserve has left the Fed Funds Rate unchanged at 1-1.25%, but announced it will begin to unwind its quantitative easing programme in October.
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The European Central Bank (ECB) will begin unwinding its monetary stimulus programme this year but investors shouldn’t expect a rate hike until at least 2019, according to analysts at Lyxor Asset Management.
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Complacent markets could be caught off-guard by a US rate hike and surprise political reform from president Donald Trump, the co-head of multi-asset at SYZ Asset Management has warned.
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John Chatfeild-Roberts, head of Jupiter’s multi-manager Merlin range, has doubts over whether the Federal Reserve can successfully pull off its tightening regime.
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A “confluence of factors” has created the perfect storm to keep the dollar down, but Heartwood Investment Management’s Graham Bishop thinks it won’t be long before the greenback bucks the trend.
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The US equity market hit new highs, but bond yields are expected to fall after the US Federal Reserve voted to keep rates on hold at its latest meeting.
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BNP Paribas has agreed a $246m (£189m) settlement with the US Federal Reserve Board over misconduct in its foreign exchange (FX) business between 2007 and 2013.
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The old adage ‘don’t fight the Fed’ exists for a reason.
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There seems to be an investor consensus that emerging market stocks will continue to outperform both in the short and medium term.
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In this industry, we are spoon-fed statistics every day of the week – latest numbers on factory orders, investor confidence, retail sales, global growth, inflation, unemployment, PMI – the list goes on.
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