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Fed to make sequential hikes until ‘something breaks’: Gundlach

Jeffrey Gundlach, chief executive officer at DoubleLine Capital, said on Tuesday he expects the Federal Reserve to begin a campaign this month of “old school” sequential interest rate hikes until “something breaks,” such as a U.S. recession. Gundlach, who oversees more than $101 billion at Los Angeles-based DoubleLine, said U.S. …

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Yellen points to March rate hike as Fed signals end of easy money

The U.S. Federal Reserve’s long-stalled ‘liftoff’ of interest rates may finally get airborne this year as policymakers from Chair Janet Yellen on Friday to regional leaders across the United States signaled that the era of easy money is drawing to a close. Yellen capped off a seemingly coordinated push from …

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Dollar firm, shares slip in Asia as Fed rate hike looms

The dollar held broad gains on Friday as the risk of an imminent U.S. interest rate hike slugged sovereign bonds and commodities, even managing to sour Wall Street’s party as the reality of rising borrowing costs began to sink in. Asian stock markets were mostly lower, with MSCI’s broadest index …

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Asian shares touch four-month high, dollar sags on Fed’s relaxed views

Asian shares touched four-month highs while the dollar sagged on Thursday after the U.S. Federal Reserve stuck to its mildly upbeat economic view but gave no hint of accelerating rate hikes. Spreadbetters expected the European markets to be less sanguine, forecasting a slightly lower open for Britain’s FTSE, Germany’s DAX …

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Fed likely to keep rates steady as it awaits Trump economic plan

The U.S. Federal Reserve is expected to keep interest rates unchanged on Wednesday in its first policy decision since President Donald Trump took office, as the central bank awaits greater clarity on his economic policies. Trump has promised a large infrastructure spending program, tax cuts, a rollback of regulations and …

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Fed’s Yellen says unwise to allow U.S. economy to run ‘hot’

With monetary policy still modestly accommodative, the U.S. central bank should continue to raise interest rates slowly or risk harm to the recovery the Fed has sought to nurture, Federal Reserve Chair Janet Yellen said on Thursday. “I think that allowing the economy to run markedly and persistently “hot” would …

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Fed policymakers agree Trump fiscal boost poses inflation risk

Almost all Federal Reserve policymakers thought the economy could grow more quickly because of fiscal stimulus under the Trump administration and many were eyeing faster interest rate increases, minutes from the central bank’s December meeting showed. The minutes, released on Wednesday, showed how broadly views within the Fed are shifting …

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Asia stocks tepid, dollar near 14-year peak on Fed rally

The dollar stood near a 14-year peak, bond yields were highly elevated and Asian stocks struggled for traction on Friday as global markets continued adjusting to the idea of higher U.S. interest rates. In a move that reverberated across the financial markets, the Fed on Wednesday raised rates for the …

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Fed official stands by Wall Street reforms, says must complete work

The United States “absolutely must” complete unfinished work ending the too-big-to-fail bank problem that helped plunge the global economy into recession eight years ago, an influential Federal Reserve policymaker said on Saturday. In remarks that appeared to pre-empt President-elect Donald Trump, who has promised to roll back Wall Street regulations, …

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Yellen says Fed could raise interest rates ‘relatively soon’

The election of Donald Trump as U.S. president has done nothing to change the Federal Reserve’s plans for a rate increase “relatively soon,” Fed Chair Janet Yellen said on Thursday in Congressional testimony that included a pledge to serve out her term. Yellen said the U.S. central bank would change …

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