The wide impact of the U.S. intervention into the Japanese currency shows the extent to which global markets’ revolve around investments in artificial intelligence.
Category: Federal Reserve System
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What the Stock Market’s Record Rally Has to Do With Rescuing the Yen
The New York Times – Business: -
A Currency Trader at Heart, Bessent Bets on Japan’s Yen
The New York Times – Business:Coordinated intervention allowed Japan to support its currency without selling off its U.S. debt holdings.
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Here’s Why the US Is Helping Prop Up the Japanese Yen
The New York Times – Business:The U.S. Treasury joined efforts in Tokyo to stem the yen’s slide against the dollar, highlighting the broader risks posed by turmoil in Japanese markets.
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Warsh Considers Reducing Frequency of Fed Policy Meetings
The New York Times – Business:The Federal Reserve has met at least eight times a year for decades. Reducing the number of meetings would represent the biggest change by Kevin M. Warsh since he became chairman.
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Inflation Worries Prompted Fed Officials to Dissent on Holding Rates Steady
The New York Times – Business:Internal divisions over whether to raise interest rates intensified at Kevin Warsh’s second meeting as chairman of the Federal Reserve.
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Bond Investors’ Inflation Angst Rises on Fed’s Lack of Guidance
The New York Times – Business:The yield on government bonds, which underpins borrowing costs from mortgages to business loans, remained elevated over concerns about the Federal Reserve’s efforts to contain inflation.
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U.S. Economy Grew More Slowly in the Second Quarter
The New York Times – Business:Gross domestic product expanded at a 1.5 percent annual rate over the past three months, as war in the Middle East shook energy prices and supply chains.
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A ‘Credibility Shock’ Looms Over the Fed
The New York Times – Business:Bonds sold off sharply after the Federal Reserve’s latest rate decision, signaling growing turmoil between the markets and the central bank.
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Government Borrowing Cost Hits Two-Decade High After Fed Rate Decision
The New York Times – Business:The surge in Treasury yields suggests investors doubt that the Federal Reserve can keep inflation contained.
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Fed Holds Rates Steady but Three Officials Back Increase
The New York Times – Business:Kevin M. Warsh’s second meeting as chairman of the Federal Reserve was colored by internal divisions over the path forward for policy.
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4 Takeaways From the Federal Reserve Meeting
The New York Times – Business:Fed officials held interest rates steady, but they have splintered over how to fight inflation.
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What to watch at the meeting.
The New York Times – Business:Kevin M. Warsh, presiding over his second meeting as chairman of the central bank, faces pressure to raise interest rates as inflation remains elevated.