An ongoing selloff in long-dated Treasurys pushed the benchmark 10-year yield closer to 4% on Tuesday, while the 30-year yield rose to its highest since January 2014 as traders finally Read more
Tag: Money/Currency Markets
Robinhood releases crypto wallet with Polygon for select users
Trading app Robinhood Markets Inc. has finally rolled out a noncustodial crypto wallet to 10,000 beta users on its wait list, the company announced on Tuesday morning. The product, called Read more
If you’re fortunate enough to have the cash, the strong dollar makes European travel very attractive — with one important caveat
Many Americans can’t afford to even consider travel right now, hobbled by record-high inflation and interest rates. But for the lucky few who can, this just might be the perfect Read more
U.K. could trigger a global crisis as pound collapses while bond yields soar, Larry Summers says
““A currency crisis in a reserve currency could well have global consequences. I am surprised that we have heard nothing from the IMF.”” — Larry Summers, former U.S. Treasury secretary Read more
Star technical analyst Tom DeMark says he’s still concerned about stocks. Here’s what he says about the euro and bitcoin.
The U.S. dollar has been a wrecking ball through financial markets, to the point where there’s now speculation global authorities may try to cooperate to stop the greenback’s ascent. But Read more
Fed’s Mester says inflation is going to remain hard to predict
It is going to be difficult for Federal Reserve officials to discern signal from noise about inflation given all the conflicting supply-and-demand factors influencing prices, Cleveland Fed President Loretta Mester Read more
A surging U.S. dollar is creating an ‘untenable situation’ for the stock market, warns Morgan Stanley’s Wilson
The U.S. dollar’s unrelenting surge is raising worries over corporate earnings, warned a closely followed Wall Street analyst, who noted that similar performances by the currency have historically led to Read more
Fed’s Bostic says central bank hasn’t lost credibility with the public
The Federal Reserve hasn’t lost credibility with the broader public beyond Wall Street, Atlanta Fed President Raphael Bostic said Monday. “I’m heartened as I go around [my] district [that] people Read more
Fed’s Collins says economy will slow but a ‘significant downturn’ is avoidable
The fact that the Federal Reserve needs to slow demand in order to transition the economy to a more sustainable path does raise concerns about the possibility of a significant Read more
New Truss government is like a doomsday cult, UBS economist says
The harshest verdict on the policies of the new Liz Truss come from the financial market itself. But among the harshest comments comes from Paul Donovan, the chief economist of Read more