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Wash emphasizes Fed independence, avoids answering interest rates
1) Wash emphasizes Fed independence, avoids answering interest ratesAt the Senate confirmation hearing, Fed Chairman-designate Kevin Wash reiterated his willingness to carry out independent monetary policy, but avoided giving details on the future path of interest rates. “The president has never asked for a commitment to a particular interest rate decision,” he stressed. Wash argues…
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The U.S. stock market started higher due to the influx of strong retail sales results and
04/21 U.S. stocks fall on hawkish comments from Kevin Wash and uncertainty over U.S.-Iran deal The U.S. stock market started higher due to the influx of strong retail sales results and expectations for companies’ performance despite the uncertainties related to the U.S.-Iran negotiations. However, after Kevin Wash’s hawkish remarks, the market began to open for…
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Tesla Semi Lights Mainstream Media in
26/4/21 #TeslaNewsSummary
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Dollar-Won plunges on Hormuz opening
1) Dollar-Won plunges on Hormuz openingOn Friday night, the dollar-won (REGN) exchange rate plunged by more than 19 won from the previous day to close at 1,460 won. It fell to 1,454 won during the day, briefly dropping to pre-Iranian war levels. Deputy Prime Minister Koo Yoon-chul and U.S. Treasury Secretary Bessant agreed that excessive…