Fed should be independent, not untouchable | Hellenic Shipping News Worldwide hellenicshippingnews.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from hellenicshippingnews.com Daily Mail and Mail on Sunday newspapers.
Warren Buffett said at Berkshire Hathaway's annual meeting he thinks the federal government will look to increase taxes to address widening budget deficits rather than cut spending.
The marquee markets event for the week is almost upon us, and needs little introduction: The outlook for U.S. interest rates continues to be the elephant in the trading room for all asset classes, responsible not only for recent peaks in Treasury yields and the dollar, but also forming the backdrop for record runs and subsequent declines in the likes of gold and bitcoin. The Federal Reserve wraps up its two-day powwow today with all ears trained on what Chair Jerome "Jay" Powell has to say in his news conference, which takes on extra weight in the absence of updated economic projections from the board this time around. Futures markets now just barely see a single quarter-point rate cut by year-end, from an many as five of those at the start of the year.
Morning Bid: Fed Day Focus Is on What Jay Says usnews.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from usnews.com Daily Mail and Mail on Sunday newspapers.