On Friday, Fed chair Janet Yellen strongly hinted that a rate hike was on the table when the Fed meets this month. This puts a break on a run of three consecutive down sessions, though risk sentiment remains fragile, suggesting rebound potential walo limited. Please correct these errors to continue. Please enter a valid phone number. Please enter your user id. Middle East and North Africa.
Former top federal budget official David Stockman has a stark warning for investors: There's going to be a disaster in Washington and you're not going to see it coming. Stockman, an swap free forex definition critic of President Donald Trumphas strong doubts that the rosy view investors are taking on the economy can hold water in the near-term. As usual, he didn't mince words when explaining his perspective to CNBC. Yet since Wednesday, both indexes have failed to continue the trend of new highs.
The stall in the rally has Stockman, former OMB director under the Reagan administration, labeling Trump's address as "irrelevant" to what will happen to the market and the economy. Given the "factions" among the Republican Party today, the former Reagan aide also believed that the political turmoil could result in a gridlock the markets don't see coming. On Friday, Fed chair Janet Yellen strongly hinted that a rate hike was on the table when the Fed meets this month. Yellen told an audience that "gradual increases in the federal funds rate will likely be appropriate in the months and years ahead: Those increases would keep the economy from significantly overheating, thereby sustaining the expansion and maintaining price stability.
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Stockman: Markets are 'misreading Washington'. Stockman on the markets under Trump. Annie Pei Associate Producer. Watch Live Show Now. Why investors should buy on the next pullback, JPMorgan says. A trader thinks it's bullion's time to shine. More From Futures Now. Brace for a major market drop, but don't blame Trump's health-care setback: Raymond James. Wall st forex market rally on thin ice, odds of deep sell-off growing: Citi Private Bank. Top strategist says this will keep the bulls running on Wall Street.
This is the biggest risk BlackRock sees in the bond market. Pimco: If Fed gets timid about hiking interest rates, it could create 'tantrum' in bond market. How Trump, GOP-led Congress are setting up a golden opportunity to buy the dollar: Strategist. Like us on Facebook. Click to learn more. Download the latest Flash player and try again. YOUR BROWSER IS NOT SUPPORTED. Please upgrade to watch video.
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Feb 23, 2017 · US STOCKS-S&P, Dow hit record highs as oil prices rally; US STOCKS- Wall St set to open near record highs on oil rally; BUZZ-U.S. STOCKS ON THE.
XE Market Analysis: North America - Mar 31, 2017 By: XE Market Analysis. The dollar remained bid, despite the latest protestations from the Trump camp on forex levels.
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