Gold begins to decline Robert Kaplan, President of the Federal Reserve Bank of Dallas stated that he sees two more rate hikes this year. Kaplan doubted Trump’s plans of a 3% economic growth and said that they are continuing to achieve a 2% growth. Kaplan is surely looking for two more interest rate hike this […]

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Greenback to correct higher against Canadian Dollar James Bullard, President of the Federal Reserve Bank of St. Louis, mentioned that the US rates are at a proper level now and might go higher or stay in the same level. President Trump has disclosed the budget proposal for the fiscal year 2018. The budget plans include […]

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Fed’s Williams looks to strengthen the monetary policy San Francisco’s Federal Reserve Bank President John Williams stated that the Fed will begin to reduce the $4.5 trillion balance sheet and strengthen the monetary policy later this year. Williams said that “The US economy is about as close to the Fed’s dual mandate goals on maximum […]

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Fed’s President worried about Trump’s fiscal policies San Francisco’s Federal Reserve President John Williams said that he is thinking about the impact of Trump’s fiscal policies on the U.S economy.  Williams said that “I had some hope or expectation that some of the fiscal or other federal policies would become more clear; that has not […]

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Fed plans rate hikes soon The FOMC Minutes confirmed the chances of a June rate hike but showed some uncertainty over the rates. The minutes showed that most of the Federal Reserve members wanted an increase in rate hikes quickly. The markets are looking forward for the Fed’s rate hikes in June 13-14th if the […]

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Gold begins to dip Philadelphia’s Fed President Patrick Harker stated that two more rate hikes is needed this year. He mentioned that “Things are looking good, we’re essentially at normal now and I continue to see two more rate hikes as appropriate this year.” The U.S Treasury bonds went up yesterday after Trump announced his […]

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Aussie takes control over greenback Reserve Bank of Australia’s (RBA) Deputy Governor Guy Debelle stated that the cross currency basis increase is not a sign of stress and it can remain consistent with functioning markets. He added that “Most of the time, the basis is not a sign of stress.” Brainard, a member of the […]

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Gold may see some decline The US President Donald Trump’s budget plans includes a savings of $1.7 trillion that will cut other social and entitlement programs. The White House will issue a formal budget request tomorrow that includes cuts of $274 billion. Some softer economic reports showed that the data released played an important role […]

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Greenback looks to recover The Federal Reserve’s interest rate increases have been gradual. We shall have to wait for what is being planned for its $4.5 trillion balance sheet. The central bank have already been reducing its bond holdings at a steady pace given the uncertainty about the impact on financial markets, monetary policy and […]

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Pound Declines against Yen The United Kingdom joined Europe as a champion of key EU policies in the single market, but we have been told repeatedly that Brexit actually means that the UK has invoked Article 50 of the Treaty of Lisbon. The UK has been giving some of its reasons for leaving, and we […]

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