Marks stated that the natural rate, which reflects the balance of supply and demand for money without central bank interference, ought to guide capital allocation decisions. He, however, pointed out that the financial market has not operated freely since the 90s due to the Federal Reserve's 'activist' approach.
China: Brent futures fell 21 cents, or 0.3 per cent, to $75.69 a barrel and US West Texas Intermediate (WTI) crude futures were down 14 cents, or 0.2 per cent, at $71.06 at 0043 GMT.
china. us presidentjoe biden kicked off his 2024 reelection bid for the pitch to union members in the working class city of philadelphia over the weekend. mr biden has been, seen as the most pro union president in history in the block is a key part of his electoral campaign. this also marked mr biden s first political rally since announcing his bid this week is shaping up to be an important one and we re keeping a close eye on thursday. that s when it s decision time in ankara the central bank of turkey will announce its latest decision on the cost of borrowing. it s theirfirst meeting since president erdogan won a new term in a recent election runoff. the turkish lira is currently on its longest losing streak in over two decades. also on thursday is when us fed chairjerome powell delivers the second of his twice yearly reports to congress on monetary policy. analysts are hopeful they ll get more clarity on what the fed intends