Biden's economic chief says US banking system is safe and stable
Leal Brainard, director of the U.S. National Economic Council, dismissed concerns about the recent volatile banking markets following the collapse of two…
Source: biztoc.com
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The Overnight Report: BoE Gets Tough
The Dow was up 400 points last night before the Bank of England gave UK pension funds an ultimatum. Dow up 36. (Available for non-subscribers after 10am)
Source: fnarena.com
Bitcoin Slides Ahead of APAC Trade as Australia's Trade Balance Nears
Bitcoin fell versus the US Dollar overnight after the FOMC minutes and new Russian sanctions extended the market’s risk-off move. Australia’s February trade balance is in focus for APAC traders.
Source: dailyfx.com
Stock Market Fear Gauge Soars As Fed Doves Become 'Screeching Hawks'
Lael Brainard and Mary Daly, considered dovish voices at the Fed, have indicated at least one rate hike of 50 basis points is likely in the works.
Source: businessinsider.com
Gold Looks to Defend Key 1800 Level as PCE Inflation Data Nears
Gold is holding above the key 1800 level after prices drop hard following President Biden renominating Jerome Powell to lead the Federal Reserve. Bullion traders now turn their focus to US PCE data.
Source: dailyfx.com