The Federal Reserve should continue gradually raising U.S. interest rates given low inflation should rebound, an influential Fed policymaker said in a Thursday speech that sounded slightly less confident than his previous hawkish comments in the face of weak price readings. New York Fed President William Dudley did not repeat an assertion three weeks ago […]
Read moreA U.S. appeals court on Thursday rejected the Trump administration’s effort to temporarily bar most refugees from entering the country, ruling that those who have relationships with a resettlement agency should be exempt from an executive order banning refugees. A three-judge 9th U.S. Circuit Court of Appeals panel also ruled that grandparents, aunts, uncles and […]
Read moreEquities in Asia searched for direction on Friday after the euro jumped following the European Central Bank putting tapering on the table on Thursday. Markets awaited China August trade data. Japan’s Nikkei 225 slipped 0.43 percent in early trade. Second-quarter gross domestic product data released earlier in the morning came in at 2.5 percent, below […]
Read more