Federal Reserve Chairman Jerome Powell has been meeting with lawmakers at a faster clip than his two predecessors, a push that appears to be earning him allies as he navigates tricky monetary policy waters and vocal White House criticism.READ MORE...
Federal Reserve officials acknowledged that the policy path ahead is "less clear" after approving an interest rate hike at their most recent meeting.
Minutes released Wednesday from the Federal Open Market Committee gathering in December showed the rate hike came with reluctance from a few members who thought the lack of inflationary pressures argued against another increase. READ MORE...
In July, China’s ownership of U.S. Treasuries declined to a six month low.
China’s holdings of U.S. bonds, bills and notes was $1.17 trillion in July – the lowest level since January.In the latest round of the 'battle', the U.S. will impose fresh levies on an additional $200 billion of Chinese goods on September 24, to which China has responded with its plan to hit $60 billion of U.S. goods with tariffs.