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…
Asia markets may face a choppy open on Wednesday, as concerns over Brexit may be in focus after the U.K. Parliament overwhelmingly rejected the current…
The pound sterling may have steadied from its recent losses, but Kathy Lien, managing director of foreign-exchange strategy at BK Asset Management, is calling it…
Asian markets are expected to open on Tuesday with negative leads, as Wall Street and oil prices fell, weighed by fresh concerns over slowing economic…
The euro gave up some of its recent gains on Friday, while the pound sterling retraced some of its recent losses on hopes the U.K….
Shares around the region may stumble on Monday, tracking a trading hiccup on Wall Street on Friday, as geopolitical worries weighed on sentiment, potentially ending…
The euro rallied on Thursday amid further dovish signals from U.S. policy makers, while DBS forecast that the Singapore dollar would depreciate this year. In…
Asian markets may end the week on a positive note after Wall Street extended gains on Thursday for a fifth straight session amid signs the…
The U.S. dollar extended recent declines on Wednesday as the release of the latest Fed meeting minutes spurred expectations the central bank may take a…
Asian markets may stumble on Thursday after a days-long rally, with Japan’s shares opening lower as regional traders may not share Wall Street’s unfettered optimism over…
The dollar steadied and regained some lost ground on Tuesday, as markets walked back some of their more-dovish expectations for U.S. interest rates. Traders had…
Asian markets may extend their recent rally on Wednesday, catching some of Wall Street’s optimism that the ongoing trade talks between the U.S. and China…
The U.S. dollar retreated Monday, with currencies across much of Asia stronger against the greenback, as U.S. Federal Reserve chief Jerome Powell’s comments last week spurred…
Asian shares may eke out further gains on Tuesday, potentially tracking Wall Street’s rise as U.S.-China trade talks began. As negotiations commenced Monday, markets appeared optimistic…
Strong U.S. jobs data on Friday failed to boost the U.S. dollar after somewhat more dovish comments from U.S. Federal Reserve chief Jerome Powell. Powell…
Asian markets appear set for a rally on Monday, tracking sharp gains on Wall Street on Friday amid signs the U.S. Federal Reserve may pause…
The yen continued to trade on the strong side on Thursday, although it retraced some of its gains during the session, amid market volatility and…
Asian markets may extend recent losses on Friday after Wall Street tumbled Thursday amid a mix of Apple’s slashed revenue guidance and fears over signs…
The safe-haven yen surged on Wednesday before retracing some of its gains amid concerns over a U.S. economic slowdown. “If you embrace the idea of…
Despite Wall Street’s recovery from early losses in Wednesday trade, Asian shares appear set to start Thursday in the red after Apple slashed its guidance,…
The U.S. dollar was on the retreat Wednesday, particularly against the yen, and analysts were pointing to the likelihood that the greenback would remain on…