The dollar was struggling to hold its ground on Monday even as concerns about a U.S. recession eased just a little, while investors awaited actual evidence of a thaw in Sino-U.S. trade relations, as opposed to just hints from officials. The solid March payrolls report had offered the dollar support by lengthening the odds on … Read more
New York: Federal Reserve officials are signaling they plan to keep interest rates steady in June while retaining the option to hike further in coming months, steering market expectations ahead of a key employment report. Governor Philip Jefferson, a centrist who’s nominated to be vice chair and who often echoes Chair Jerome Powell‘s views, said … Read more
May 6: Wall Street ended lower on Friday amid concerns about rising Treasury yields and the prospect of more Fed rate hikes. “Ninety-five percent of the driver of the market right now is long-term interest rates,” said Jay Hatfield, founder and chief executive of Infrastructure Capital Management in New York. The Labor Department presented stronger-than-expected … Read more