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
