GETTYTrump could trigger a shock fall in markets fear experts
15 February, 2017, 00:57
The New Zealand dollar fell after Federal Reserve chair Janet Yellen kept open the chance of a rate hike next month as the world's biggest central bank tightens monetary policy, pushing up yields on US Treasuries and stoking demand for the greenback. Indeed, while Yellen declined to specify how fiscal policies will impact the pace at which the Fed will remove its monetary policy accommodation, waiting too long would be "unwise" and could potentially force the FOMC to raise rates too quickly, disrupting financial markets, and raising the risk of a US recession.
However, the policymaker was more aggressive than expected - and even appeared to raise some questions over the leader's plans after saying "economic and fiscal policy face an uncertain path under the administration of Donald Trump".
While she stressed that she would not weigh in on specific tax or spending proposals, she repeated "the importance of improving the pace of longer-run economic growth and raising American living standards with policies aimed at improving productivity".
Yellen didn't mention during her prepared remarks when rates will be increase.
Financial markets specialist Professor James Angel from Georgetown University explained why: "Often politicians will want central banks to do things that are short term expedient, but long term unsafe for the economy".
She said that the Federal Open Markets Committee expects the U.S. economy "to continue to expand at a moderate pace, with the job market strengthening somewhat further and inflation gradually rising to 2%".
Yellen is testifying Tuesday to the Senate Banking Committee and will do so Wednesday to the House Finances Services Committee. A forecast of four interest rate rises in 2016 turned out to be one.
The Fed's next policymaking meeting is in March, but investors are betting the Fed will not increase its benchmark interest rate until a meeting in mid-June.
Flower prices soar as Valentine's nears
Lafayette-area florists are preparing for last-minute Valentine's Day shoppers while completing orders that are already placed. American Airlines worldwide flower shipments for Valentine's Day ramped up over the first week of February as well.
US stocks on Tuesday had small gains and losses.
Both during his campaign and after his election, President Trump accused Yellen of keeping interest rates low to politically benefit the Obama administration.
Other officials have been more direct.
Still, she added: "We're confident the economy is on a solid course and we have some ability to address weakness by cutting the federal funds rate, if needed".
"People are just waiting for Yellen's testimony, and depending on what she says, the dollar could test the upside again", said Kaneo Ogino, director at foreign exchange research firm Global-info Co in Tokyo. This judgment reflects our view that US monetary policy remains accommodative, and that the pace of global economic activity should pick up over time, supported by accommodative monetary policies overseas.
On how she'll "deal with" three new Fed governors to be appointed by Trump, as Sen.
Silver: $18.01 USA per ounce. A few days later, Trump signed an executive order kick-starting his review of current financial regulations and oversight procedures.
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Sharing a link to a Google Maps list you've made could be a lot more helpful than just shooting over a bunch of random Yelp links. The smartphone users who have upgraded their Google Maps application would be able to use the feature in complete functionality.
ABC News reports that the Trump Home Line, which carried furniture and decor, was only ever available from the stores online. Nordstrom's decision to cut ties with evocative Trump's brand prompted President Trump to tweet that it was "unfair".
And it was very important for us that the quantity of scope doesn't downgrade the quality of whatever your are doing there. The new approach to side quests will hopefully engage the player in these smaller stories.
The scaly creature, now featured in an animated doodle game, is the most poached and trafficked mammal in the world. As part of the game, the pangolin travels to various countries to learn about romantic gestures around the world.
Following a vote of confidence from Leicester's board, the FC crew discuss what's plaguing Claudio Ranieri and his players. Sky Bet's Sandro Di Michele said: "Leicester cost us a fortune past year and could hurt us again if they go down".
Taiwanese television footage showed the bus careening toward a road barrier at a highway curve before flipping on its side. Thirty-two people, all Taiwanese, were confirmed dead and the remaining passengers were sent to hospitals for treatment.
One held a "Black Lives Matter" sign and chanted, repeatedly, "Shame!" " You should be so proud of yourself ". "Go back. DeVos's nomination for education secretary attracted more public outcry than any other of Trump's cabinet picks.
Villarreal's Champions League hopes faded, though, as they were held 1-1 at home to Malaga to slip six points off the top four. John Guidetti looked to have delivered the telling blow when he slotted home Daniel Wass's cut-back 12 minutes from time.
Though Flynn didn't explicitly promise, the officials felt the mere suggestion was "inappropriate and potentially illegal ". MIKE PENCE: -should do. "Privately, Pence aides expressed frustration at their boss being placed in such a position".
An extremely awkward moment unfolded on the "Today" show as Maria Shriver was left speechless by Lena Dunham . The 30-year-old actress stopped by the morning show to talk about the final season of Girls.
Cigna Calls Off Merger With Anthem
Cigna said it was disappointed in the outcome, but that it had met its obligations under its agreement with Anthem . It was in July 2015 that Aetna agreed to acquire Humana in $37 billion cash and stock deal.
Inflation in China is heating up fast
With U.S. producers continuing to increase output, however, this evidence is unlikely to emerge in the coming months. In December and November, it stood at 3.39 per cent and 3.38 per cent, respectively.
Rival abortion protesters face off in America
Those who want to take away access to women's healthcare, they're not about saving lives, they're about the oppression of women". Louis, thousands marched, many carrying pink signs that read, "I stand with Planned Parenthood".
"La La Land" picks up five British Bafta awards
The director said it was "extraordinary", as I, Daniel Blake won outstanding British film at the ceremony in London. And while the luscious La La Land was the favourite, academy voters could choose to reward less escapist fare.
Braves trade for second baseman Brandon Phillips
He brings a solid combination of power and speed to the table with 197 home runs and 198 stolen bases in his career. McKirahan, 27, originally was selected by the Chicago Cubs in the 21st round of the 2011 first-year player draft.
Frank-Walter Steinmeier elected as Germany's president
Merkel congratulated him on Sunday and said she was convinced he would be an excellent president who would enjoy wide support. Before the vote, Steinmeier said he would, if elected, work to counter a heightened sense of insecurity in today's society.
I gave no indication on Arsenal future - Arsene Wenger
Despite back-to-back Premier League defeats Arsene Wenger insists his Arsenal side are still in the Premier League title race. So it will be a welcome return to the squad for Mohamed Elneny, who has been away at the African Cup of Nations with Egypt.