Dollar hits 2-year high after robust US data puts brake on rate cut bets
Read more at Financial Times
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FirstFT: Dollar hits 2-year high as interest rate assumptions change
Also in today’s newsletter, China’s trade surplus reached a new record and the reinvention of El SalvadorFinancial Times - 3h -
The Fed Is in No Rush to Cut Rates
Fed officials have signaled that it will take more than one weak report to convince them that the labor market is deteriorating.The New York Times - 3d -
Whitehall braced for spending cuts after UK hit by bond market turmoil
Rising gilt yields mean government departments may face further squeezeFinancial Times - 3d -
FirstFT: US corporate bankruptcies hit 14-year high
Also in today’s newsletter, Trump reiterates ambition to buy Greenland and Wall Street’s top regulator steps downFinancial Times - 6d -
US corporate bankruptcies hit 14-year high as interest rates take toll
Consumer companies such as Party City hit by persistent inflation and weak spendingFinancial Times - 6d -
Fed has hit the pause button for rates, and may only cut once this year, experts say
The Federal Reserve is going to sit on the sidelines and may only cut rates once this year, according to prominent economists attending the American Economic Association meeting in San Francisco ...MarketWatch - Jan. 6 -
Sunday shows preview: US reels after New Year's attacks; 119th Congress hits ground running
The U.S. is reeling from a pair of New Year’s Day attacks in Nevada and Louisiana that have taken multiple lives and injured dozens. Authorities said the suspect in the New Orleans terror attack, ...The Hill - Jan. 4 -
Chinese stock market slump deepens with bond yields hitting record lows as PBOC reportedly signals rate cuts
Economic data on tap appeared thin on Friday, while investors in Asia continue to assess China's monetary easing policy, political chaos in South Korea.CNBC - Jan. 3 -
U.S. dollar index hits more than two-year high as markets brace for Trump return
Optimism around the U.S. economy was in focus as markets reopened following disrupted trade over Christmas and the New Year's holiday.CNBC - Jan. 2
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