Tag: Neel Kashkari

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Today’s foreign exchange action further confirms that Congress long ago abdicated its duty to regulate the value of money.

The EUR/USD closed at 1.16624 at 3:00 pm EDT. It was trading around 1.15746 this morning at about 4:00 am. Because there were no major economic data releases today, traders had more time to lament the downward revision of 258,000 jobs in May and June, the potential pullback in consumer spending as a result of … Continue reading Today’s foreign exchange action further confirms that Congress long ago abdicated its duty to regulate the value of money.

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U.S.-Eastern Caribbean Interbank Market News Scan as of 1:39 pm AST: Is the PCE index keeping hindering progress to two-percent target?

What we are reading … U.S. Treasury. Michael Faulkender. “Yesterday, the United States Senate confirmed Michael Faulkender to be the Deputy Secretary of the United States Department of the Treasury.” — U.S. Department of the Treasury.  Note: Deputy Secretary Faulkender spent almost 17 years in academia, according to his LinkedIn profile. He also spent three … Continue reading U.S.-Eastern Caribbean Interbank Market News Scan as of 1:39 pm AST: Is the PCE index keeping hindering progress to two-percent target?

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Interbank and Liquidity News Scan: Kashkari is open to a December rate cut.

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 … Continue reading Interbank and Liquidity News Scan: Kashkari is open to a December rate cut.

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Retail foreign exchange trader news scan as of 9:35 am AST; 4-week moving average ticks up by 2,500

Federal Reserve reference rates Interest on reserve balances: 5.40% Discount window: 5.50% Effective federal funds rate: 5.33% Source: Board of Governors-Federal Reserve System Foreign exchange rates AUD/USD=0.6676 NZD/USD=0.6110 USD/JPY=154.6672 GBP/USD=1.2674 EUR/USD=1.0873 USD/CAD=1.3631 USD/MXN=16.7314 Source: x-rates.com, as of 7:21 am EST Federal Reserve Bank of Minneapolis. Neel Kashkari. Inflation. While at the Williston Basin Petroleum Conference, … Continue reading Retail foreign exchange trader news scan as of 9:35 am AST; 4-week moving average ticks up by 2,500