Why Washington and Wall Street are worried about the ‘de-dollarization’ threat
A "de-dollarization" mania is gripping Washington and Wall Street.
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Currencies News
Big question with dollar under fire from rival countries and currencies: What happens to markets if the greenback loses its dominance?
Warning that 'King Dollar' may soon lose its crown are again in vogue. Here's what the experts say.
U.S. economy improved in early April, S&P Global says
The S&P Global early reading of the economy in April showed that the service and manufacturing sectors both improved markedly.
Asian markets follow Wall Street lower
Shares were weaker in Asia on Friday, tracking a decline on Wall Street following mixed earnings reports from big companies and more signals the U.S. economy may be slowing.
Philadelphia Fed’s factory gauge slumps deeper into contraction in April
The Philadelphia Fed said Thursday its gauge of regional business activity slumped to negative 31.3 in April from negative 23.2 in the prior month.
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Fed’s Williams says inflation is slowing and labor market is cooling
There is a trend of slowing inflation and some signs of a gradual cooling in the demand for labor, said New York Fed President John Williams on Wednesday.
Asian markets trading mostly lower as inflation worries linger
Shares were mostly lower in Asia in narrow trading after they barely budged on Wall Street following a mixed batch of earnings reports from big U.S. companies.
Asian markets mixed despite China’s healthy GDP growth
Asian shares were trading mixed Tuesday as pessimism about global uncertainties remained even as China reported a better-than-expected economic growth data.
Opinion ‘Financial surveillance in the West is more like China’s’ than we admit, digital dollar concern reveals
Creating a U.S. central bank digital currency pits national security against individual privacy concerns.
New York factory index shows increase in activity for first time in five months
The New York Fed’s Empire State business conditions index, a gauge of manufacturing activity in the state, jumped 35.4 points in April to 10.8.
Asian markets mixed over economic growth, rate worries
Asian markets were trading mixed Monday as worries continued about economic growth, even as some hopes were perked by a recent rise in U.S. bank issues.
Head of China’s central bank meets Powell and calls for stronger cooperation with U.S.
Yi Gang, the head of China's central bank who met with Fed Chairman Jerome Powell this week, called for stronger cooperation between the two countries.
Good news on inflation: shocks that kept inflation percolating in the 1970s seem absent today, top economist says
Shocks that kept inflation percolating in the 1970s, dubbed 'second-round' effects' seem absent in this inflation surge, a top economist said Friday.
You’re probably missing out on recent gains from non-U.S. stocks. Here’s why that needs to change.
U.S. stocks are overvalued relative to non-U.S. stocks, and will be even less attractive if the dollar weakens.
Fed needs to keep raising interest rates, Waller says
Fed Governor Christopher Waller on Friday said that the central bank needs to continue to raise interest rates.
Fed emergency lending declined in the latest week, continuing gradual downward trend
The Federal Reserve's emergency lending to banks totaled $139.5 billion in the latest week, according to data released Thursday.
Fed’s Goolsbee says a mild recession is definitely a possibility
Chicago Fed President Austan Goolsbee said Friday that a mild recession is definitely a possibility.
IMF’s Georgieva warns against another Cold War
IMF Managing Director Kristalina Georgieva on Thursday warned against another Cold War that would damage the global economy.
How a decelerating U.S. economy could impact rest of world, putting spotlight on the dollar
Investors, traders and strategists are weighing the potential ramifications of a slowing U.S. economy on the rest of the world.
Fed officials at March meeting were keenly worried about impact of bank stress on economy
Federal Reserve officials were worried at their March meeting that the recent stress in the bank sector would lower U.S. economic growth.
Asian markets mostly higher with focus on inflation data
Asian shares were mostly higher Wednesday, as markets watched for key inflation data likely to influence the Federal Reserve's stance on interest rates.
Fed should get interest rates above 5% and sit there, Harker says
Philadelphia Fed President Patrick Harker on Tuesday said the Fed should raise interest rates above 5% and then pause.
Yellen says it is important not to overdo the negativism about the global economic outlook
U.S. Treasury Secretary Janet Yellen on Tuesday it was important not to overdo the negativism on the outlook for the global economy.
Credit crunch could lower U.S. GDP by half-percentage point over the next year, IMF says
The recent stress in the banking sector could reduce the ability of U.S. banks to lend over the next year, and materially lower U.S. economic growth, the International Monetary Fund said Tuesday.
Too soon to know if recent bank troubles are isolated events, IMF says
It is too soon to know for sure whether the recent bank troubles were isolated or a harbinger of future events, the IMF said Tuesday.
