Global stock markets started the week under a lot of pressure, as fears mount over the spread over China’s coronavirus outbreak.  China has confirmed around 3,000 cases so far, with about 80 deaths. The authorities have extended the new year holiday by three days through to Sunday in a bid to control the spread.   This has […]

In case you were in any doubt: Lael Brainard, a Fed governor and vice-chair in-waiting, notably the leading voice on the more dovish wing of the FOMC, began a speech yesterday with quotes from Paul Volcker.     “Forty years ago, Paul Volcker noted that the dual mandate isn’t an either-or proposition and that runaway inflation […]

The euro to dollar rate fell below $1.092 on Friday amid growing expectations that major central banks will transition from tightening policies to implementing rate cuts in the coming year.

Gold prices hit record highs for the fifth time this month on Thursday, after the U.S. Federal Reserve signaled its intention to implement three interest rate cuts in 2024, despite persistently high inflation.

Pound sterling rose against the euro on Thursday after Bank of England officials signaled that interest rates may need to remain restrictive for some time.