Archive for October 17th, 2018

Deeper Analysis

Three Risks When Political Leaders Influence Monetary Policy

October 17, 2018

President Trump’s progressively blunt criticism of the Federal Reserve for a string of gradual interest rate hikes should surprise nobody. The president’s style of overturning institutions¬† has taken him very far in politics. Criticizing Fed policy, even though the Chairman and two of the other current governors are his appointees, fits a pattern that has […] More

New Overnight Developments Abroad - Daily Update

Dollar Strengthens but Stock Market Rebound Short-lived

October 17, 2018

The dollar rose overnight except against the yen, which kept pace. Assorted dollar gains amounted to 0.6% vis-a-vis sterling, 0.4% versus the euro and peso, 0.3% relative to the Swiss franc, kiwi and Aussie dollar, and 0.2% against the loonie and yuan. Except in India, whose stock market closed down 1.1%, share prices in the […] More

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