EUR/USD 1.16457
-0.050%
Gold 4626.40
0.538%
Oil 81.775
-1.432%
USD/JPY 159.568
0.112%
GBP/USD 1.35865
-0.043%
GBP/JPY 216.785
0.070%
Browse More
  • English
  • 简体中文
  • 繁體中文
  • Tiếng Việt
  • ไทย
  • Indonesia
Subscribe
Real-time News
According to the Wall Street Journal, Chevron and other U.S. companies are close to reaching an agreement to invest billions of dollars in Venezuelan oil fields.Bank of England Monetary Policy Committee member Mann: Evidence suggests that interest rate decisions can have an immediate impact.Bank of England Monetary Policy Committee member Mann: The state of the US economy is having spillover effects on the UK.August 28th - Analysts and investors believe this speech will be an early test, observing whether Warsh is willing to adapt to an environment of growing concern about his policy plans. The Federal Reserve has now failed to achieve its inflation target for 65 consecutive months, and progress over the past year and a half has been very limited. Early in his tenure, Warsh repeatedly reiterated his commitment to achieving the Feds inflation target, but consistently failed to specify how, which has already sparked calls for the Fed to adjust its policy focus. EY-Parthenons chief economist, Gregory Daco, stated that Warshs previous statements have been very vague, and "people are worried about the Feds independence," as well as whether Warsh is reluctant to discuss potential interest rate hikes to avoid angering Trump and his administration. Daco said, "He has to be more careful in his communication, not giving the impression that the Fed might be coordinating and cooperating more with the Treasury, nor giving the impression that he is influenced by the presidents demands for rate cuts… These are not good signs for any new Fed chair." Warsh must carefully navigate his statements. Saying too much could trigger irreversible expectations, or at least make people uncomfortable; saying too little could damage credibility and hand over influence to other members of the Federal Reserve who can provide more detailed arguments. In either case, market volatility is likely.The Chicago PMI for August will be released in ten minutes.