SYDNEY, Jan 10 — The dollar started the week with support as traders bet US inflation data and appearances from several Federal Reserve officials would bolster the case for higher interest rates.
Federal Reserve chair Jerome Powell and governor Lael Brainard testify before Senate committees this week regarding their nominations as chair and deputy chair at the Fed. US-Russia talks over rising tension in Ukraine also have traders on edge as the two sides seem far apart and failure risks an armed confrontation on Europe’s doorstep.
Fed funds futures have priced an almost 90 per cent chance of a rate hike in March and a more than 90 per cent chance of another one by June and US yields have been surging higher.
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US judge sets ex-Goldman banker's 1MDB corruption trial for February, despite Omicron | Malay MailNEW YORK, Jan 8 ― A US judge yesterday said a former Goldman Sachs banker charged in the 1MDB Malaysian sovereign wealth fund scandal will be tried in early February, expressing confidence the Omicron coronavirus variant will not upend the trial. Chief Judge Margo Brodie of the federal court in...
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