News Regulators 

The art of the trade deal

“Call it the art of the trade deal” reports washingtonexaminer.com. The fight was so prolonged that it effectively undermined the White House’s effort to pass the Trans-Pacific Partnership, a 12-nation trade deal that had been the main reason why the Obama administration wanted fast track.The White House source said the administration expected a bunch of inquiries from lawmakers about TPA, but they never came. Source: washingtonexaminer.com Share This:

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Dollar gauge on track to extend win streak to 5 days, as euro softens on Italian angst

“Check out: How much the weak dollar lifted Q1 earnings for multinationals: Ameriprise The WSJ Dollar Index BUXX, +0.10% which tracks 16 monetary units against the greenback, was up 0.1% to 87.12” writes Mark Decambre for marketwatch.com. However, sterling lost some ground against the euro EURGBP, +0.0802% with the euro buying £0.8740, compared with £0.8728 in the previous session.The index, which measures the buck versus a half-dozen key rivals, is heavily weighted against the euro, 57.6%.Against the Japanese yen USDJPY, +0.15% the dollar extended its gains, buying ¥111.03, from ¥110.77…

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News Regulators 

Fed should create a financial stability report, Mester says

“The Federal Reserve should publish a financial stability report to highlight the central bank’s assessment of financial system vulnerabilities, said Cleveland Fed President Loretta Mester, on Friday” writes Senior Economics Reporter for marketwatch.com. The report, similar to publications of the central banks in Canada and Sweden, would help the Fed explain to the public its assessment of potential asset bubbles and what steps might be considered to counter the stability risks, Mester said, in a speech at a European Central Bank conference in Frankfurt.The Fed was still “a distance away”…

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News Regulators 

Fed is ‘one decision away’ from hammering Treasurys, says bond fund manager

“Investors in U.S. government bonds could face serious pain if the Federal Reserve tries to steepen the so-called yield curve” writes Sunny Oh for marketwatch.com. Holman acknowledges investors may be still tempted to invest in Treasurys amid the growing late-cycle concerns reflected in the flatter yield curve.Atlanta Fed President Raphael Bostic even went so far as to say on Wednesday that it was his “job” to avoid a yield curve inversion.Strategists at bond fund manager Pimco also say U.S. government bonds remain a port of call when economic growth does…

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News Regulators 

Fed’s Kashkari laments lack of affordable housing but doesn’t see bubble

“We don’t think there is a new housing bubble the way there was in 2006,” Kashkari said in a talk at the Minnesota Housing Finance Agency in St” writes Senior Economics Reporter for marketwatch.com. The Federal Reserve is watching asset prices closely, but sees no sign of a housing bubble, said Minneapolis Fed President Neel Kashkari, on Thursday.Kashkari said the lack of affordable housing was widespread across his region, which includes Minnesota, Montana, North and South Dakota, and parts of Wisconsin and Michigan. Source: marketwatch.com Share This:

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News Regulators Reviews 

Policy Daily Review May 17, 2018

Policy Daily Review for May 17, 2018 The government created a fake cryptocurrency to help you avoid scams HueyCoins is an ICO that earns you the opportunity to find out more about crypto fraud.   Trump wants to roll back banking regulations meant to prevent the type of risky behavior that crashed markets a decade ago President Donald Trump and his administration is expected to scale back provisions of the Volcker Rule, which is designed to combat exorbitant risk-taking by ba   Italy is close to finally getting a government…

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Markets News Regulators 

US/German bond yield spreads last hit these levels almost 30 years ago

“The spread between the 2-year yield on U.S. and German bonds has hit its widest level since March 1989” writes Andrew Harrer for cnbc.com. Robust data in the United States has pushed yields higher as investors bet that the Federal Reserve will stay the course to raise rates three times this year.Travis Spence, EMEA Head of Fixed Income Investment Specialists at JPMorgan Asset Management goes further, saying he expect’s the Fed to increase 4 times this year.After the Fed already approved a one-quarter point-hike in March, the market is now…

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Policy Daily Review May 16, 2018

Policy Daily Review for May 16, 2018 EUR/USD Rate Outlook Hinges on Fed, ECB Comments as Rebound Falters EUR/USD is back under pressure, with the pair facing a renewed risk of making a run at the December-low (1.1718) as the bearish momentum appears   All 11 S&P 500 sectors trade firmly lower as government bond yields pop, in early trade All 11 sectors of the S&P 500 index were in the red early Tuesday, as the markets reacted to a resurgence of rate in Treasurys. The S&P 500 index was…

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Trump’s Fed nominees say they will ‘absolutely’ keep the central bank independent of the White House

“Trump said in interviews with the Wall Street Journal last year that he prefers low interest rates to help spur economic growth” writes Heather Long Is for washingtonpost.com. Kevin Warsh, who was shortlisted for Fed chair in the fall, said he also met with the president, who questioned him extensively about his views on interest rates.The decisions Fed officials make about interest rates and financial regulations affect just about everyone in the country. Source: washingtonpost.com Share This:

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Fed’s Williams defines neutral short-term interest rate as 2.5%

“The neutral level of short-term interest rates that is neither boosting nor retarding the U.S. economy is 2.5%, said San Francisco Fed President John Williams, on Tuesday” writes Senior Economics Reporter for marketwatch.com. The neutral rate is affected by global economic conditions, not just those in the U.S., he said. Williams, a voting member of the Fed policy committee, is moving to take over the influential New York Fed president’s post next month.After the last rate hike in March, the federal funds rate is below neutral, in a range of…

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