TOKYO - The dollar licked its wounds on Monday after soft U.S. data increased bets the Federal Reserve will cut rates later this year while the pound hovered near nine-months high on hopes for a delay in Britain’s exit from the European Union.
Weaker-than-forecast U.S. economic data on Friday cemented expectations the Fed could strike a dovish stance this week, sending U.S. bond yields down to 10-week lows. “The 10-year yield closed below 2.6 percent, for the second time this year after closing below that level only on one day at the beginning of year,” said Chotarto Morita, chief strategist at SMBC Nikko Securities.
“The focus is on how dovish the Fed will be. I got the impression that markets have gone a bit too far in expecting rate cuts. There’s a risk such views will be rolled back if the Fed’s dot plots show the board members still expect a rate hike this year,” said Ayako Sera, market economist at Sumitomo Mitsui Trust Bank.
Hell of a headline.
Whoa— slow your metaphors, Reuters
It's like the Fed knew! Wow!
it's a piece of paper thousands of people have put their grubby hands on.. do we really need to bring tongues into this?
We have summarized this news so that you can read it quickly. If you are interested in the news, you can read the full text here. Read more:
United States Latest News, United States Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
Dollar General will open 975 stores this yearDollar General says it will open 975 new stores in the US this year and remodel 1,000 older stores Us Deplorables win again. KAG They thrive because there are a shitton of people who can only afford to go to Dollar stores Not only in low income areas
Source: cnnbrk - 🏆 393. / 55 Read more »
Dollar firms, sterling falls again on Brexit worriesThe dollar edged up early on Monday, hovering close to a near three-month high a... $&£ are like balloons & heat. They’re fluttering to likely get back to a good breeze in a short span. Be gentle, keep calm & very much carry on. ElizabethUKRPG GETTING BACK TO THE BASICS : GOD IS STILL IN CHARGE EZRA 3:8-9 Matthew 18:17
Source: Reuters - 🏆 2. / 97 Read more »
Dollar firms, sterling falls again on Brexit worriesThe dollar edged up early on Monday, hovering close to a near three-month high a... MAGA that is what it is all about. Weep you socialist prone voters.
Source: Reuters - 🏆 2. / 97 Read more »
Growth worries bolster dollar as sterling dips before Brexit voteThe dollar edged up on Monday, hovering close to a near three-month high as inve...
Source: Reuters - 🏆 2. / 97 Read more »
Growth worries bolster dollar as sterling dips before Brexit voteThe dollar edged up on Monday, hovering close to a near three-month high as inve...
Source: Reuters - 🏆 2. / 97 Read more »
Dollar Inches Down on Economic WorriesThe dollar edged lower Monday, after a weak employment report stoked concerns of slowing U.S. growth. If You Want A Logo, BusinessCard, Letterhead, Flyer, Poster, YouTube , Twitter ,Facebook , Instagram banner, Profile Image /Covers etc. For your Brand Business or Company Products then inbox me. visit it. portfolio
Source: WSJ - 🏆 98. / 63 Read more »
Drop In February Inflation Expectations, N.Y. Fed Report SaysNearly a year’s worth of stability in the public’s inflation expectations gave way in February, raising questions about the future of price pressures and further boosting doubt over the prospect of more Federal Reserve rate rises. Federal Reserve has been tamed by President Trump, like he tamed the GOP. Federal Reserve will not raise interest rates.
Source: WSJ - 🏆 98. / 63 Read more »
Why rising wages could push the Fed toward more rate hikes yetRising wages were one of the few positives to come out of the Bureau of Labor Statistics' monthly nonfarm payrolls release. EndTheFed then Very unlikely. Productivity! The FED would love to hike for 2020. CNBC pushes politics.
Source: CNBC - 🏆 12. / 72 Read more »
Fed Chair Powell says ‘No,’ President Trump cannot fire himFed Chairman Jerome Powell said this weekend that the president cannot fire him and hinted that the days of the dot plots may be numbered. AMERICA RAPED PILLAGED SINCE 1913 COLLUDING CONGRESS BY CORRUPT FEDERAL RESERVE WALL STREET CRIMINALS LIKE POWELL YELLEN GREENSPAN BERNACHE BEEN RUNNING IT FR WAS CREATED BIG BANKSTER CARTEL THAT’S WHY $ IS WORTH NOTHING $22 TRILLION DEFICIT $250 TRILLION UNFUNDED LIABILITIES
Source: YahooNews - 🏆 380. / 59 Read more »