Kashkari. Interest rates. Federal Reserve Bank of Minneapolis President Neel Kashkari, typically on the hawkish end of the U.S. central bank’s policy spectrum, said on Monday he is open to cutting interest rates again next month. Reuters.
Trump. Tariffs. Markets. The dollar rallied on Tuesday, while European shares fell, after U.S. President-elect Donald Trump pledged tariffs on all imports from Canada and Mexico, and extra tariffs on China. Reuters.
Damian Williams. Southern District New York. The federal prosecutor who has overseen the cases involving the conviction of Sen. Robert Menendez and Sam Bankman-Fried, and the ongoing prosecutions of Mayor Eric Adams and rap artist Sean Combs aka P. Diddy, along with many other cases, is announcing his intention to resign as U.S. Attorney for the Southern District of New York effective 11:59 p.m. on Dec. 13. MSN.
BIS. Bank stability. The Basel Committee on Banking Supervision today published further information related to its 2024 assessment of global systemically important banks (G-SIBs), with additional details to help readers understand the scoring methodology. Bank for International Settlements.
Foreign exchange rates as of 9:30 am EST
AUD/USD=0.6495
EUR/USD=1.0508
GBP/USD=1.2583
USD/JPY=153.26
Alton Drew
26 November 2024
If you have a question about the legal environment is impacting your currency trade, reach out to me at altondrew@altondrew.com.
Lawyers Write the Bets. Bankers Sell the Bets. 