News Regulators Reviews 

Policy Daily Review November 11, 2019

Policy Daily Review for November 11, 2019 Unpublished Labor Department Data Unveils A Dim Picture Of American Wages Unemployment numbers can be misleading, as averages often are. Unpublished data from the Labor Department shows a more nuanced picture where the health and wealth of the American worker are not as widespread as the headline numbers may suggest.   Euro Outlook Hinges on US-China Trade Deal, Fed Policy Bets The Euro is likely to take direction from progress on a US-China trade deal and evolving Fed policy bets in the week…

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Crypto News Regulators 

Ex-ECB President is ‘Strongly Against’ BTC; Says it Isn’t ‘Real’

“The Association claimed in a statement that digital money has advantages over the current financial system, including faster transactions and the ability to create smart contracts” writes Rachel Mcintosh for financemagnates.com. China is also reportedly working on the development of its own national digital currency.London Summit 2019 Launches the Latest Era in FX and Fintech – Join Now Trichet also expressed skepticism over the idea that cryptocurrencies could be the future of money. Source: financemagnates.com

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Markets News Regulators Stocks 

Our Resident Income Expert Weighs In On The Fed

“To make sense of all this, I turned to StreetAuthority’s resident income expert, Nathan Slaughter” writes Nathan Slaughter for nasdaq.com. Realty Income (NYSE: O), Reaves Utility Income (NYSE: UTG), and F&C Total Return (NYSE: FLC) have all outpaced the market this year, delivering gains of 27%, 32%, and 42%, respectively.Value stocks (including most dividend payers) have been playing second fiddle to growth stocks for a decade now.Collecting a passive income stream of 3% or 4% almost seems quaint when tech stocks are delivering sizzling triple-digit gains.Large-cap growth stocks have enjoyed…

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News Regulators 

BOJ debated whether to boost stimulus if inflation momentum lost: October summary

“TOKYO (Reuters) – Bank of Japan policymakers in October debated whether extra easing measures should be taken in case momentum toward achieving the central bank’s inflation target is lost, a summary of their opinions showed on Monday, as heightened overseas risks threaten to derail a fragile economic recovery” writes Midwest Communications Inc for 95kqds.com. At the Oct. 30-31 meeting, the BOJ kept monetary policy steady but introduced new forward guidance to more clearly signal the future chance of a rate cut, underscoring its concern over simmering overseas risks. Source: 95kqds.com

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Markets News Regulators 

The market rally will soon be tested by a big Trump speech and testimony from the Fed chief

“So I don’t know if we’ll get major progress on the thornier issues in the first deal,” Keon said” writes Patti Domm for cnbc.com. Trump speaks to the Economic Club of New York during a Tuesday luncheon, and investors are hoping for clarity on a possible trade deal.There are a few key economic reports, including CPI on Wednesday and retail sales and industrial production on Friday. Source: cnbc.com

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News Regulators 

Fed can no longer ignore potential economic ‘shocks’ of climate change: Brainard

“Climate change is just the kind of “shock” to the economy that the Federal Reserve can no longer ignore, Fed Governor Lael Brainard said Friday” writes Rachel Koning Beals for marketwatch.com. “To the extent that climate change and the associated policy responses affect productivity and long-run economic growth, there may be implications for the long-run neutral level of the real interest rate, which is a key consideration in monetary policy,” Brainard said, at a first-of-its-kind Fed summit to focus on the economic and policy affects of climate change, hosted by…

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News Regulators Reviews 

Policy Daily Review November 8, 2019

Policy Daily Review for November 8, 2019 Canada Goose shares tumble after downgrade on department store concerns Winter should be the best time of year for Canada Goose Holdings Inc. , but shares of the outdoor apparel company are down 4% in Thursday trading after it…   GBP/USD in post-BOE bearish consolidation above 1.2800 The recovery attempts in GBP/USD continue to face stiff resistance near 1.2825 region, leaving the spot in a downside consolidation phase above the 1.   Cheer Up Image courtesy: images-na.ssl-images-amazon.com Have a nice trading!

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News Regulators 

Treasury yields take a breather from steep week-long bond selloff

“U.S. Treasury yields were mostly steady on Friday after signs of progress towards a U.S.-China trade deal pushed long-term government rates to multimonth highs this week” writes Sunny Oh for marketwatch.com. The 10-year Treasury note yield TMUBMUSD10Y, +1.15%   was virtually unchanged at 1.921%, after hitting a three-month high on Thursday, and is up nearly 20 basis points from last Friday’s closing level of 1.727%. Source: marketwatch.com

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Crypto News Regulators 

Int’l Bank Regulator Is Studying Crypto Lending Capital Requirements

“Global banking regulator the Basel Committee on Banking Supervision (BCBS) is working to establish how much capital lenders should hold to cover the risks generated by dealing with cryptocurrencies” writes Adrian Zmudzinski for cointelegraph.com. The Basel Committee also announced that it will look into the reliance of banks on unregulated third parties for services, such as cloud computing and data.The BCBS is a committee of banking supervisory authorities that was established by the central bank governors of the Group of Ten countries in 1974. As Cointelegraph reported at the end…

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News Regulators Stocks 

The chief global strategist at JPMorgan Asset Management lays out 3 reasons why the Fed’s recent rate cuts could hold the economy back for 10 years — even as investors celebrate

“The expectation of low rates forever more is telling people there’s no need to borrow money now,” he said” writes Marley Jay for businessinsider.com. Next, he added that the promise of low rates has been eroding demand and spending for years, slowing growth.The first is that low rates don’t really help the US economy as a whole.But David Kelly — the chief global strategist at JPMorgan’s $1.9 trillion asset-management business — said those investors should hold off on sending a thank-you card. Source: businessinsider.com

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