USD/CAD remains subdued near 1.3450 as traders expect more Fed rate cuts in this year
The US Dollar (USD) may depreciate further due to expectations for further rate cuts by the Fed in 2024. According to the CME FedWatch Tool, markets are pricing in around 50% likelihood of a 75 basis ...
News Highlights: Top Financial Services News of the Day - Wednesday at 12 AM ET
The largest card network in the U.S. blocked rivals through payments and higher fees levied on merchants, the government said. The changes come as the German bank continues a battle with UniCredit ...
News Highlights: Top Global Markets News of the Day - Tuesday at 9 PM ET
The walkout on Canada's west coast is the latest in a string of labor actions to hit the country's supply chains. The cartel said oil demand is forecast to reach 120.1 million barrels a day in 2050 ...
Fed governor explains why she became first to dissent from rate cut decision in nearly two decades
Fed Governor Michelle Bowman warned about inflationary risks in explaining her dissent of the Fed’s decision to conduct a bigger-than-normal interest rate cut.
Federal Reserve: Don't Move Too Fast
Fed Governor Bowman warns against interpreting rate cuts as signs of economic weakness, stressing the risks of stoking ...
Small caps typically benefit from Fed cuts rates: Roosevelt Bowman
Bernstein Private Wealth Management senior investment strategist Roosevelt Bowman explains why there's opportunity in ...
Dollar Weakens as the Yuan Rallies on Chinese Stimulus Measures
The dollar is under pressure today after China boosted stimulus measures, which fueled a rally in the yuan to a 16-month high against the dollar. The dollar extended its losses today after the ...
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Fed governor: Regulators just 'don't understand' implications of new rules
Federal Reserve Gov. Michelle Bowman said a lack of banking experience among regulatory officials has led to unintended ...
Lone Fed dissenter worried bigger rate cut would send signal of 'economic fragility'
Fed goveror Michelle Bowman elaborated in a speech Tuesday about her dissent from last week's jumbo rate cut, saying that she ...
Fed’s Bowman says inflation remains a concern despite recent progress
While it has not been my baseline outlook, I cannot rule out the risks that progress on inflation could continue to stall,” ...
Fed’s Bowman Says Inflation Could Bounce Back
Bowman cast the lone dissenting vote on the Fed’s decision to lower rates by a half percentage point on Sept. 18.
Fed's Bowman Sees Risks Weighted Toward Inflation Concerns
Federal Reserve governor Michelle Bowman said that she believes the risk of persistent inflation still outweighs potential weakness in the labor market, in remarks that sought to justify her ...