Analysis: Currencies

Fed's Powell cautions against ending Fed power to pay interest on reserves

NEW YORK -Federal Reserve Chairman Jerome Powell said Wednesday any move to strip the central bank of its power to pay interest on reserves would be difficult and take a long time to implement.  ...

JPMorgan sees tariff-induced US 'stagflationary' slowdown in 2025

NEW YORK -U.S. trade policies will likely slow down global economic growth and rekindle inflation in the United States, where there is a 40% probability of a recession in the second half of this...

Powell says Fed needs to manage against risk that tariff inflation proves persistent

WASHINGTON -The Trump administration's tariff plans may well just cause a one-time jump in prices, but the risk it could cause more persistent inflation is large enough for the central bank to be...

Fed's Williams sees slower growth, higher inflation this year on tariffs, uncertainty

ALBANY -Federal Reserve Bank of New York President John Williams expects slower growth and higher inflation this year due in large part to trade tariffs, in comments that suggested he is in no rush...

Powell repeats rate cuts can wait as Fed studies tariff impacts

WASHINGTON -Higher tariffs could begin raising inflation this summer, a period that will be key to Federal Reserve consideration of possible rate cuts, Fed Chair Jerome Powell told members of...

Oil, rates and the dollar tumble

What matters in U.S. and global markets today By Mike Dolan, Editor-At-Large, Financial Industry and Financial Markets After a tentative ceasefire was announced in the...

Exclusive-Fed should wait on rate cuts with price hikes expected, Bostic says

ATLANTA -The Federal Reserve need not cut interest rates with companies planning to raise prices later this year in response to higher import taxes and with the job market still stable, Atlanta Fed...

Currencies: Renewed interest

The US military attack on Iranian nuclear facilities has allowed the dollar to regain some ground against several G10 currencies. However, it is still struggling against the euro; however, there are...

Fed's Bowman open to cutting rates at July policy meeting

NEW YORK -Federal Reserve Vice Chair for Supervision Michelle Bowman, recently tapped by President Trump as the U.S. central bank's top bank overseer, said Monday the time to cut interest rates is...

US existing home sales rise in May; mortgage rates still a constraint

WASHINGTON -U.S. existing home sales unexpectedly increased in May, but the trend remained weak amid high mortgage rates. Home sales climbed 0.8% last month to a seasonally adjusted...

Taiwan central bank says US debt rising too fast may impact trust in Treasuries

TAIPEI -Taiwan's central bank governor warned on Saturday that rapidly rising U.S. debt could be unfavourable to the outlook for U.S. Treasuries and that U.S. President Donald Trump's trade policies...

Trump says he may change his mind about firing Fed Chair Powell

WASHINGTON -U.S. President Donald Trump on Friday again floated the idea of firing Jerome Powell, the Federal Reserve chair he has long attacked over interest rates he wants lowered. I...

Still early to assess tariff impact on economy, Fed report says

The Federal Reserve's latest Monetary Policy Report to Congress, released on Friday, said U.S. inflation is somewhat elevated and the labor market is in solid shape, but suggested that President...

Fed split on whether to hedge on inflation, or proceed with cuts

WASHINGTON -The close split at the U.S. Federal Reserve over whether to keep hedging against inflation risks or move forward faster with rate cuts came through on Friday in the first public comments...

Exclusive-Japan to cut super-long bond sales by 10% to calm markets, draft shows

TOKYO -Japan's government plans to cut sales of super-long bonds by about 10% from its original plan in a rare revision to its bond programme for the current fiscal year, trimming overall bond...

Fed's Powell says central bank still has the needed data to do its work

Federal Reserve Chair Jerome Powell made a plea on Wednesday for the government not to cut back too aggressively on its efforts to collect data on the economy because the information it collects...

Fed officials see two rate cuts in 2025, but overall turn hawkish

WASHINGTON -U.S. central bankers are increasingly split over the appropriate path of policy, with the median of fresh forecasts published on Wednesday still pointing to a half percentage point of...

Trump knocks Fed's Powell, muses about appointing himself to lead central bank

WASHINGTON -U.S. President Donald Trump on Wednesday knocked Federal Reserve Chair Jerome Powell for what he expected would be a decision not to lower interest rates and said the man he put in the...

US weekly jobless claims, housing data point to softening economic activity

WASHINGTON -The number of Americans filing new applications for unemployment benefits fell last week, but stayed at levels consistent with a further loss of labor market momentum in June and...