In the Market: Amid the calm, the Fed brews the next storm
May 29 (Reuters) - Having navigated the financial crisis of 2008, Neel Kashkari worries about systemic risks. But now, as...
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Morning Bid: Relief rally eyed on US debt ceiling deal
May 29 (Reuters) - A look at the day ahead in Asian markets from Jamie McGeever.Optimism and relief are likely to be the dominant emotions for investors on Monday, giving markets in Asia a lift as lawmakers in Washington reached a tentative agreement on the U.S. debt ceiling, thus removing the risk of a catastrophic default.Trading and market liquidity in Asia will be lighter than usual, however, with U.S. and UK markets closed for holidays, opening up the potential for outsized market moves.If so, they are likely to be outsized...
Factbox: What’s in the debt ceiling deal struck by Biden and McCarthy?
U.S. President Joe Biden hosts debt limit talks with U.S. House Speaker Kevin McCarthy (R-CA) in the Oval Office at...
Dollar set for third week of gains as US debt talks loom large
WASHINGTON, May 26 (Reuters) - The dollar was set for a third straight weekly gain on Friday, as markets raised bets on higher-for-longer interest rates and amid closely watched last-ditch talks on the U.S. debt ceiling.Apparent progress in the talks between President Joe Biden and top congressional Republican Kevin McCarthy helped ease investor jitters, but doubts remained about when both sides would reach agreement.Biden and McCarthy are closing in on a deal that would raise the government's $31.4 trillion debt ceiling for two years while capping spending on most items,...
IMF says U.S. should tighten fiscal policy to help cut persistent inflation
DETROIT, May 26 (Reuters) - The International Monetary Fund said on Friday U.S. interest rates will likely need to remain...
TSX futures tick higher on commodity strength, US debt deal hopes
May 26 (Reuters) - Canada's main stock index was set to open higher on Friday, recovering from three-straight sessions of...
Moody’s: Emerging market credit to be tight amid U.S.-led risks
LONDON, May 25 (Reuters) - Emerging economies will continue to suffer from the spillover of economic problems in the U.S.,...
Dollar steady as debt ceiling worries weigh; pound swings after inflation data
A picture illustration shows U.S. 100 dollar bank notes taken in Tokyo August 2, 2011. REUTERS/Yuriko Nakao/File PhotoSINGAPORE, May 24...
No signs of progress as White House, Republicans end more debt ceiling talks
House Speaker Kevin McCarthy speaks to reporters outside the West Wing with Rep. Patrick McHenry behind him following debt limit...
Morning Bid: Fed hawks re-emerge, dollar pumped
A look at the day ahead in U.S. and global markets from Mike DolanAmid all the hand-wringing over the debt...
