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In Full: Federal Reserve's Kashkari on Rates, Trump Tariffs, Bitcoin

1732594237 from BLOOMBERG

Federal Reserve Bank of Minneapolis President Neel Kashkari discusses the central bank's policy, President-elect Donald Trump's tariffs, China's economic slowdown, and why he still doesn't get bitcoin. He speaks with Bloomberg Television's Haslinda Amin. (Source: Bloomberg)

China Draws a Red Line for the Yuan as Trump Risks Return

1732590862 from BLOOMBERG

A line in the sand is starting to emerge for the yuan, as China tightens its grip on a currency that is facing fresh tariff threats from US President-elect Donald Trump.

Gold Falls as Trump Tariff Threat on Canada, Mexico Aids Dollar

1732582347 from FPOST

Gold fell as the dollar jumped after President-elect Donald Trump threatened import tariffs of 25% on Canada and Mexico.

Dollar Rallies, Mexican Peso Slumps on Trump’s Tariff Threat

1732582043 from FPOST

The dollar gained, erasing a chunk of Monday’s decline, after President-elect Donald Trump said the US will impose more tariffs on key trading partners.

Dollar Jumps, Hammering Peso to Loonie on Trump Tariff Post

1732579788 from BLOOMBERG

The dollar gained, erasing a hunk of Monday’s decline, after President-elect Donald Trump said the US will impose more tariffs on key trading partners.

Federal Reserve’s Kashkari: 'Reasonable' to Weigh Rate Cut Next Month

1732578483 from BLOOMBERG

Federal Reserve Bank of Minneapolis President Neel Kashkari says it's still "a reasonable debate" to consider another interest-rate cut at the central bank’s December meeting. He speaks with Bloomberg Television's Haslinda Amin. (Source: Bloomberg)

Fed’s Kashkari: It’s reasonable to consider a rate cut in December

1732577841 from FXSTREET

Federal Reserve Bank of Minneapolis President Neel Kashkari said on Monday that it is still appropriate to consider another interest-rate reduction at the Fed’s December meeting, per Bloomberg.

Fed's Goolsbee argues for rate cuts barring signs of overheating

1732577302 from FXSTREET

Federal Reserve Bank of Chicago President Austan Goolsbee said on Monday that he foresees the Fed continuing to lower rates toward a stance that neither restricts nor promotes economic activity, per Bloomberg.

Stubborn US Inflation Set to Reinforce Fed’s Go-Slow Approach

1732395600 from BLOOMBERG

US inflation figures in the coming week that are seen showing stubborn price pressures will reinforce the Federal Reserve’s cautionary posture toward future interest-rate cuts.

US Treasury Pick Bessent ‘Is a Fiscal Hawk’: Wall Street Reacts

1732324526 from BLOOMBERG

Hedge fund chief Scott Bessent’s Friday nomination to become the US Treasury Secretary is offering bond investors a glimpse into the incoming administration’s sweeping economic agenda after an extended search that included multiple prominent contenders.

Putin’s pipeline: How the Kremlin outmaneuvered Western oil companies to wrest control of vast flows of Kazakhstan’s crude

1732323569 from C ASIA

… Soviet Union, Kazakhstan is the largest country in Central Asia, and … disparities between foreign and Kazakh oil workers have fostered … can’t go into Central Asia without effectively paying bribes … think, but also what Central Asia thinks.” U.S. officials …

Chair Powell Likely To See Out His Term: Reiman, Rodriguez

1732305280 from BLOOMBERG

Nuveen Asset Management Head of Fixed Income Strategy Tony Rodriguez and UBS Global Wealth Management Head of Fixed Income Kurt Reiman both think the Trump administration will keep Fed Chair Powell through the end of his term in 2026. (Source: Bloomberg)

Economy's Strength Prompts Fed to Rethink Rate Cut Plans

1732290450 from GOLDSILVER

Recent economic data and proposed policies from the incoming Trump administration have prompted the Federal Reserve to adopt a more conservative stance on interest rate cuts. This change in outlook could lead to fewer reductions in 2025 than previously anticipated, potentially affecting mortgage rates, auto loans, and small business financing. The Fed now emphasizes a measured approach to rate decisions, citing the economy's current resilience.

New BOJ rate takes effect today

1732289646 from GRAIN

… by favurable trends in international grain prices and inflation in Jamaica’s … trading partners. “For Jamaica, lower grains prices and lower US inflation reduce …

Portfolios Should Have Heavy Bias to US, Ancora's Sowerby Advises

1732288939 from BLOOMBERG

Ancora Portfolio Manager David Sowerby advises investors to have a heavy bias toward US large- and small-cap stocks on "Bloomberg Open Interest." (Source: Bloomberg)

Fed Rates on Gradual Path Lower, Pimco's Wilding Says

1732287299 from BLOOMBERG

Pimco Economist Tiffany Wilding says the prospect of a Federal Reserve rate hike is "relatively unlikely" on "Bloomberg Surveillance." (Source: Bloomberg)

Warsh Will Respect Fed Autonomy as Treasury Leader, El-Erian Says

1732285825 from BLOOMBERG

Kevin Warsh will respect the independence of the Federal Reserve should he be chosen by President-elect Donald Trump for Treasury secretary, according to Mohamed El-Erian.

Dollar Cleanest Way to Play Trump Tariff, Tax Story: Mizuho’s Konstam

1732276356 from BLOOMBERG

Dominic Konstam, head of macro strategy at Mizuho, says the impact of President-elect Donald Trump’s tariff policy on the US dollar “could be substantial.” He speaks on “Bloomberg Surveillance.” (Source: Bloomberg)

Japan passes $250B economic package meant to lift wages and spur growth

1732271008 from FPOST

TOKYO (AP) — Japan approved a 39 trillion yen ($250 billion) economic stimulus package Friday centered around initiatives it said were aimed at boosting individual incomes. The broad plan passed by the Cabinet is the centerpiece of Prime Minister Shigeru Ishiba’s recently installed administration. It provides support for digital innovation in the world’s fourth largest […]

USD: Moderately hawkish remarks from Williams – ING

1732269593 from FXSTREET

Yesterday’s US Dollar (USD) rally led to a break below the key psychological 1.05 EUR/USD support and an exploration above 107.0 in DXY.

USD/JPY Price Forecast: Range play intact as trades seek clarity on BoJ rate-hike path

1732265632 from FXSTREET

The USD/JPY pair seesaws between tepid gains/minor losses through the first half of the European session on Friday and remains confined in a familiar range.

China Restarts Visa-Free Entry for Japanese to Bolster Ties

1732263649 from BLOOMBERG

China will restart visa-free entry for Japanese nationals to facilitate business and tourism as both countries seek to shore up ties.

USA At OSCE: Like Stalin, Putin Attacking Ukraine's Agriculture

1732261541 from GRAIN

… and destroying Ukraine's grain storage facilities, ports, and shipping. It …

Japanese Yen drops to fresh daily low; USD/JPY approaches 155.00 ahead of US PMIs

1732259830 from FXSTREET

The Japanese Yen (JPY) attracted some follow-through buying for the second successive day following the release of slightly higher-than-expected consumer inflation figures from Japan.

GBP/JPY holds ground near 194.50 following disappointing UK Retail Sales, PMI awaited

1732259708 from FXSTREET

GBP/JPY remains steady around 194.50 during the early European hours, following the lower-than-expected UK Retail Sales figures for October released on Friday.

AUD/JPY falls below 100.50 as the likelihood of a BoJ rate hike next month revives

1732255647 from FXSTREET

AUD/JPY continues its decline, nearing 100.30 during the Asian trading hours on Friday.

EUR/JPY bounces off multi-month low, down a little around 161.70 ahead of Eurozone PMIs

1732250239 from FXSTREET

The EUR/JPY cross attracts some follow-through selling for the second straight day and drops to its lowest level since October 4 during the Asian session on Friday, albeit it managed to rebound a few pips thereafter.

US Growth Exceptionalism Continues, Fidelity Says

1732243692 from BLOOMBERG

Taosha Wang, portfolio manager at Fidelity, discusses Chinese and US economies, markets and policies. She also shares her views on artificial intelligence on "Bloomberg: The China Show." (Source: Bloomberg)

Japan’s Ishiba Says Stimulus’ Overall Impact to Be $250 Billion

1732237512 from BLOOMBERG

Japan’s Prime Minister Shigeru Ishiba said that the overall impact from the upcoming stimulus package will be ¥39 trillion ($250 billion), a figure that usually includes spending from the private sector.

Japan's October headline inflation rate falls, but economists still see BOJ rate hike on the table

1732233715 from CNBC

Core inflation came in at 2.3%, down from September's 2.4% but higher than the 2.2% that was expected.

Goolsbee Hints at Cautious Approach to Future Fed Rate Cuts

1732220018 from GOLDSILVER

Chicago Fed President Austan Goolsbee supports further interest rate cuts but suggests a slower pace may be appropriate. The Fed faces a debate on the speed and extent of rate reductions, with some officials concerned about stalled inflation progress and others worried about labor market cooling. Uncertainty surrounding President-elect Trump's policies adds complexity to the decision-making process. The upcoming December Fed meeting will be crucial in determining the next steps for monetary policy.

Hedge Fund GCQ Up 30% a Year Bets on Japan Cloud Software

1732219200 from BLOOMBERG

GCQ Funds Management is looking to build on its 30% annualized gain since launching two years ago by betting that players in Japan’s cloud accounting industry can keep raising prices.

US Dollar soft as market digest labor and economic activity data, Fed words

1732218068 from FXSTREET

In Thursday's session, the US Dollar Index (DXY) flattens after Fed's Williams indicated a potential cooling of inflation and a subsequent decline in interest rates.

Forex Today: Attention now shifts to Japanese inflation and global PMIs

1732217985 from FXSTREET

The US Dollar extended its march north and hit new 2024 peaks on the back of further weakness in the risk-associated universe and steady geopolitical concerns ahead of key data releases on Friday.

Pimco Sees Treasuries at ‘Very Attractive’ Levels of Yields

1732217228 from BLOOMBERG

Erin Browne, portfolio manager for multi-asset strategies at Pacific Investment Management Co. (Pimco), says US government bonds are a good investment following the recent surge in yields and the prospect of more Federal Reserve interest-rate cuts. (Source: Bloomberg)

Fed’s Goolsbee: Neutral Rate Long Way Below Where We Are

1732216333 from BLOOMBERG

Federal Reserve Bank of Chicago President Austan Goolsbee said he sees interest rates moving “a fair bit lower,” but policymakers will eventually need to figure out where the neutral rate is, noting it’s “a long way below where we are right now.” Goolsbee spoke at a moderated Q&A event in Indianapolis on Thursday.

Fed's Goolsbee: It may make sense to slow pace of Fed rate cuts

1732210740 from FXSTREET

Federal Reserve (Fed) Bank of Chicago President Austan Goolsbee hit newswires on Thursday, commenting on the future pace of Fed rate cuts in the face of inflation that is ostensibly on its way to the Fed's 2% target.

Fed’s Goolsbee Sees Rates a ‘Fair Bit Lower’ Over Next Year

1732209900 from BLOOMBERG

Federal Reserve Bank of Chicago President Austan Goolsbee said he sees interest rates moving “a fair bit lower,” while expressing confidence inflation is easing toward the central bank’s objective alongside a solid labor market.

US Dollar steady after Jobless Claims opens door for Fed easing in December

1732202745 from FXSTREET

The US Dollar (USD) is trading flat on Thursday at around 106.50 when tracked by the DXY US Dollar Index, afterNew York Fed President John Williams said that inflation continues to cool down, opening the door for a further drop in interest rates.

USD/JPY Price Prediction: Trading within a possible bearish Broadening Formation

1732200798 from FXSTREET

USD/JPY could still be in the process of forming a Broadening Formation pattern with bearish potential.

Fading Fed expectations are supportive – Scotiabank

1732194300 from FXSTREET

The US Dollar (USD) is mixed to somewhat firmer on the day.

Trump and Fed Chair Powell could be set on a collision course over interest rates

1732192632 from CNBC

Though Powell became Fed chair in 2018, after Trump nominated him for the position, the two clashed often about the direction of interest rates.

What’s Ahead for the Fed

1732189744 from ADVSRPERSP

Lost in the excitement of election week was a meeting of the Federal Reserve. At its conclusion, interest rates were lowered by another quarter-point. But where they are heading from here is a matter of increasing uncertainty.

USD/JPY declines to near 154.00 even though US Dollar ticks up

1732188687 from FXSTREET

The USD/JPY pair slides to near 154.00 in Thursday’s European session.

USD/CNH: Major resistance at 7.2800 is likely out of reach – UOB Group

1732184221 from FXSTREET

Scope for the US Dollar (USD) to rise to 7.2630; the major resistance at 7.2800 is likely out of reach.

US is vulnerable to inflation shocks, top Fed official warns

1732183229 from FT

Tom Barkin’s comments come as business braces itself for the new policies of Donald Trump’s incoming administration

USD/JPY Price Forecast: Extends the range play ahead of Japan’s CPI on Friday

1732176722 from FXSTREET

The USD/JPY pair struggles to capitalize on the previous day's move up to a fresh weekly top and meets with a fresh supply on Thursday, albeit it remains confined in a familiar range.

GBP/JPY Price Forecast: Falls toward 195.50 after breaking below nine-day EMA

1732172454 from FXSTREET

The GBP/JPY cross pares its recent gains, trading around 195.80 during the early European hours on Thursday.

Forex Today: US Dollar struggles to build on recent gains, eyes on mid-tier data and Fedspeak

1732172454 from FXSTREET

Here is what you need to know on Thursday, November 21: The US Dollar (USD) Index stays in a consolidation phase near 106.50 after closing in positive territory on Wednesday.

USD/INR rises as weak local equities drag Indian Rupee to all-time low

1732172280 from FXSTREET

The Indian Rupee (INR) extends its decline on Thursday. The heightened geopolitical tensions and market reactions due to Donald Trump’s victory in the US presidential elections drag the local currency lower.