Traders Applaud Warsh’s Fight Against Inflation
Stocks, bonds rally as investors say Fed chair has bolstered his credibility.
Stocks, bonds rally as investors say Fed chair has bolstered his credibility.
The investment bank found that stocks in the energy and information technology sectors on average perform the best one year after an interest-rate hike by the Federal Reserve.
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Bond investors are more focused on the Bank of England’s plan for its quantitative-tightening program for the next year than its interest-rate decision at Thursday’s policy meeting.
India’s capital markets regulator will encourage municipalities to pool their financing needs and issue bonds collectively to fund the upgrade of urban infrastructure that may cost up to $900 billion through 2031.
ECB Governing Council member Gabriel Makhlouf discusses the outlook for inflation, the economy and interest rates. “At a time of uncertainty, every meeting is a live meeting for the European Central Bank,” the Irish central-bank chief told Bloomberg Television when asked whether there is a chance of an interest-rate hike in October if circumstances require it. (Source: Bloomberg)
Tata Sons Pvt. is said to have approved going public and asked Chairman Natarajan Chandrasekaran to stay on for five more years, as one of India’s biggest business houses tries to keep leadership steady through the transition.
“I spend a lot of time away from my family and spend money on gas, taking him out to eat.”
President Trump is expected to meet Gulf leaders next week, that’s according to Axios. The meeting is reportedly set to take place on the sidelines of the UN General Assembly in New York. Meanwhile, oil held its steep drop after reports suggested Saudi Arabia will return to about half the capacity of its damaged East-West pipeline within days. Megan Sutcliffe, Principal Analyst for the Middle East and Africa at Sibylline spoke to Bloomberg’s Abeer Abu Omar on Horizons Middle East & Africa on the attacks in the region. (Source: Bloomberg)
Energy prices have been the scourge of bond markets this year. Now investors worry that the next inflation spike will come from food.