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US Fed moves closer to raising interest rates

The US Federal Reserve is moving closer to raising interest rates, as more officials say the central bank should act “relatively soon” and some push for a rise in December. …

Fed minutes show case for rate hike strengthening

Members of the US Federal Reserve concluded earlier this month that the case for a rate rise continued to strengthen, but that the​y​​ ​should wait for more evidence of inflation…

Mexico looks to oil and central bank windfalls

Mexico can expect a windfall of as much as $2.9bn next month from its annual oil hedging programme, but that will be dwarfed by an expected bonanza from the central…

Donald Trump faces the reality of world trade

Might China rescue the globalisation of trade from its rejection by the US, under President Donald Trump? Could the threat of Chinese leadership, or pressure from US business, persuade Mr…

Boost to infrastructure spending could help Fed, says Fischer

Boosting spending on infrastructure and improving education could relieve some of the burden on the US central bank to support the economy, a top policymaker said on Monday amid speculation…

Trump and Yellen: the politicisation of the Fed

The global markets remained in reflationary mode for much of last week, a regime that has now persisted for many months. Led by the US, bond yields have been rising,…

The ingredients of the Trump economic cocktail

Somehow, a lot of investors are expecting President Trump to be the economic love child of Lawrence Summers and Ronald Reagan. If implemented, a combination of pro-business tax and regulation…

Americans are spending a lot more at banks in ways they can’t see

Americans are spending a lot more at banks in ways they can’t see

Since the start of 2013, American consumers have boosted their spending on “financial services furnished without payment at commercial banks” by about 57 per cent. It’s been decades since this…

US Treasury yields hit new highs on Dudley remarks

US Treasury yields jumped to new highs for the year after New York Federal Reserve president William Dudley said inflation expectations were “well-anchored” and that he was optimistic the central…

The long history and hazy future of Donald Trump’s Forgotten Man

Practically the first reference out of the mouth of President-elect Donald Trump was to “the forgotten men and women of our country”. Since then, television hosts have hammered on the…