Francesco Pesole News

04.01 / 11:59
economics Federal Reserve inflation US Interest rates Fed ING Fed minutes warn rates could remain high 'for some time'
In the minutes from the Federal Open Market Committee last month, the central bank dampened market hope by forecasting only three 25bps cuts throughout the year, while futures markets predict six.
18.08 / 12:43
Lowe's Reuters Gap show track safe Safe-haven dollar hovers around 2-month high on China woes, high rates fear
dollar hovered around a two-month high on Friday, set for a fifth consecutive week of gains in the longest winning streak for 15 months, buoyed by demand for safer assets on worries over China's economy and bets U.S. interest rates will stay high. The People's Bank of China (PBOC) set a much-stronger-than-expected daily fixing, lifting the yuan from a 9-month low hit on Thursday, while sterling fell after British retail sales weakened more than expected in July.

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