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Trump adviser slams NY Fed tariff study: 'Worst paper I've ever seen"
5+ min ago (179+ words) Kevin'Hassett, a top economic adviser to President Trump, on Wednesday said those behind a New York Federal Reserve research paper that argued the costs of'tariffs'are borne mostly by Americans should be punished for what he described as shoddy scholarship. "The…...
Bank of Russia sets dollar rate at 76.15 rubles for February 19
24+ min ago (109+ words) The official euro rate was lowered by 59.75 kopecks to 90.2683 rubles - Russian Politics & Diplomacy Russian Politics & DiplomacyInto section "- Business & Economy Business & EconomyInto section " - Military & Defense Military & DefenseInto section " - Science & Space Science & SpaceInto section " - Society & Culture Society & CultureInto section " Bank of Russia…...
Dollar Rallies on US Economic Strength and Hawkish FOMC Minutes
28+ min ago (637+ words) US MBA mortgage applications rose +2.8% in the week ended February 13, with the purchase mortgage sub-index down -2.7% and the refinancing mortgage sub-index up +7.1%." The average 30-year fixed rate mortgage fell -4 bp to 6.17% from 6.21% in the prior week." US Dec capital goods…...
Did the RBNZ ruin the Kiwi rally? Not so fast
33+ min ago (628+ words) Even further, the RBNZ's Board indicated the monetary policy may stay "accommodative" for some time, despite the Committee also considered the risk that policy remains accommodative for too long. But is the economy really at an early recovery stage? Numbers…...
Letters to Editor - The HinduBusinessLine
35+ min ago (389+ words) Letters to Editor This refers to "Wrong practice" (February 18) One area where mis-selling is frequently observed is the sale of third-party products such as mutual funds and insurance without adequate assessment of customer suitability The allocation of sales targets to…...
Why now is a good time to check the interest rates you're currently paying
53+ min ago (840+ words) As a lot of conversation happens around the potential effects of a 10% cap on credit-card interest rates, the debate brings up a critical point: What are the rates in your own life? Whether the topic is what you're paying on…...
USD/CHF steadies above 0.7700 amid Fed Minutes anticipation
57+ min ago (376+ words) USD/CHF trades around 0.7717 on Wednesday at the time of writing, up 0.20% on the day. The pair attempts to extend its rebound above the psychological 0.7700 level but continues to move within a narrow range seen since the start of the…...
FOMC Minutes Signal Fed Largely Divided Over Rate Cuts, Bitcoin Falls
58+ min ago (419+ words) The FOMC minutes have shown that the Fed still supports more rate cuts if inflation trends downwards to their 2% inflation target. However, some Fed officials indicated that they might support a rate hike if inflation rises or continues to remain…...
Fed Wants Big Banks Back in the Mortgage Business
1+ hour, 3+ min ago (342+ words) The Federal Reserve wants to get banks to focus on mortgage lending once more, The Wall Street Journal reported Wednesday (Feb. 18). Many banking giants in the United States got out of the home loan business following the 2008 financial crisis, with…...
Trump’s top economic advisor says Fed researchers should be punished for their recent views on tariffs
1+ hour, 6+ min ago (479+ words) Donald Trump's economic advisor said that Federal Reserve writers behind a report claiming that Americans bear the brunt of tariffs should be "disciplined." Kevin Hassett, the director of the National Economic Council, criticized the Federal Reserve Bank of New York's…...