In January, American consumer sentiment shrank to its lowest value since US leader was elected more than two years ago because an everlasting shutdown of the federal cabinet and financial market volatility drove worries of a steep deceleration in…
Donald Trump criticizes Fed on rate lifts once again
On Tuesday, American leader repeated that the key US financial institution was lifting interest rates too rapidly and added that American companies turned out to be the greatest around the globe and presented a mind-blowing buying opportunity for investors.
For recent weeks American equities have gone down abruptly on fears over weaker economic surge. American leader has mostly laid the blame for economic headwinds on the US major bank, heavily criticizing its governor, Jerome Powell, whom, in fact, he appointed.
According to media reports, US leader has gone as far as discussing sacking Jerome Powell, and in August he informed Reuters that he was absolutely dissatisfied with the Fed Chair.
On Monday, American leader told that the Federal Reserve appears to be the only problem of the American economy.
As a matter of fact, on the day all three key American stock indexes concluded down over 2% before the Christmas holiday. Besides this, the S&P 500 has inched down by nearly 19.8% from its September 20 closing maximum, just shy of the 20% threshold that commonly defines a descending market.
The previous week the Federal Reserve dared to have its interest rates lifted once again. This move of the US major bank had been generally anticipated.
On Monday, Treasury Secretary Steven hosted a call with Trump’s Working Group on Financial Markets. The given body is generally known as the "Plunge Protection team," and as a rule, it convenes during times of tremendous market volatility.
However, the call did more to affect financial markets than to soothe them. Watchdogs on the call told that they were not observing anything out of the ordinary in financial markets in the latest selloff. That’s what follows from to two sources already familiar with the matter.
After tax trims, soaring incomes as well as buoyant stock markets provoked a consumer boom the previous year, signs are showing up that the key engine of American economic surge could cool down, and a record-long government shutdown also contributes to…
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On Monday, Asian stocks traded mostly higher, with Shanghai bucking the trend because centrist Emmanuel Macron fully matched opinion survey hopes and left anti-EU far-right nominee Marine Le Pen behind…
Japan's March real wages went down at the fastest pace in nearly two years, weighed by minor nominal pay lifts as well as a moderate ascend in consumer prices, thus posing a setback for Prime Minister Shinzo Abe's tries to revitalize the Japanese…