The yield curve inversion in the U.S. may have set off a fresh round of market jitters, but Eric Rosengren, president of the U.S. Federal Reserve Bank of Boston, said on Tuesday that it’s no longer a reliable recession signal.
The inversion of the U.S. yield curve may have convinced many market participants that the sky is falling, or at least, a recession is looming, but at least two central bankers are unimpressed.
The disruptions and uncertainty central bankers have been dealing with over the past few years have one root cause, said Yellen on Monday.
Former Federal Reserve chief Janet Yellen said on Monday that global central banks don’t have enough bullets in their policy guns to deal with a crisis.
The U.S. dollar dropped sharply in the wake of dovish comments from the U.S. Federal Reserve, marking what could be a sea-change in its long-drawn…
Brexit bickering continued in the U.K., but sterling rallied on Thursday, while the euro recovered early losses after the European Central Bank kept policy unchanged,…
Asian markets appear buoyant heading into the open on Friday, despite renewed concerns that the U.S. trade war with China might not see a rapprochement…
The euro gained against the dollar, but Kathy Lien, managing director of foreign-exchange strategy at BK Asset Management, said that was on short-covering, not economic…
Markets globally continue to fret over signs of slowing global economic growth, and Asia shares may open trade on Thursday under a cloud. “Against a…
Sterling was higher on Tuesday despite U.K. Prime Minister Theresa May’s Brexit plan B appearing unlikely to cut the mustard with parliament any better than…
Concerns over slowing economic growth were set to weigh Asian markets on Wednesday, after dunking Wall Street on Wednesday amid weak home sales data. In…
Foreign-exchange markets will likely be eyeing the latest Brexit developments on Tuesday, with U.K. Prime Minister Theresa May aiming for a “plan B” deal that…
Asian markets will open Tuesday with fresh signs of pessimism over the outlook for global economic growth. Wall Street will provide few cues on Tuesday…
The U.S. dollar has risen since Friday, despite growing worries the U.S. government shutdown could begin to bite into economic growth. Over the weekend, U.S. President…
Asia’s markets may gain on Monday, tracking rallies on Wall Street on Friday amid optimism that the U.S. trade war with China may be approaching…
Foreign exchange trading of the majors was on the quiet side on Thursday, but while Indonesia’s rupiah was rangebound after the central bank kept rates…
Asian markets may head into the weekend on a high note, potentially tracking Wall Street gains amid signs that U.S.-China trade talks could result in…
The euro lost ground on Wednesday amid dovish comments from the ECB, but the British pound was fairly steady despite the uptick in Brexit drama….
Asian shares may rise on Thursday, getting a fillip from a buoyant Wall Street after big banks Goldman Sachs and Bank of America reported earning…
The pound sterling dropped and then recovered on Tuesday as the U.K. Parliament voted overwhelmingly to reject the Brexit deal currently on the table. The…