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U.S. stocks have surfed through multiple crosscurrents over the past week - from the blistering spike in Treasury yields to the Middle East shock at the weekend - but they remain on board amid what the IMF sees as "remarkable" U.S. economic strength. As cash Treasury markets returned from Monday's Columbus Day holiday to a week of heavy long-term debt auctions, they were also greeted with rekindled optimism about the Federal Reserve's policy rate trajectory. Specifically, the typically hawkish Dallas Fed boss Lorie Logan suggested the recent tightening in bond markets may...
Following is the statement from the European Central Bank following its policy meeting....
FRANKFURT, Oct 27 (Reuters) - Following is the statement from the European Central Bank following its policy meeting. The Governing Council today decided to raise the three key ECB interest rates by 75 basis points.
Gold prices fell more than 1% to their lowest since April 2020 on Friday as a cocktail of factors from a robust dollar and elevated U.S. bond yields to worries about more U.S. interest rate hikes...