International Economic
FOMC minutes point to September hike, possible pause
The minutes of the US central bank's last policy meeting released on Wednesday evening solidified market expectations for another 25 basis point interest rate hike come September, even while hinting at the possibility of a 'pause' thereafter should there be a "major escalation in trade disputes".
WTI holds onto gains after weekly DoE inventory numbers
Crude oil inventories in the US fell sharply last week, on the heels of a big drop in imports and still loft levels of refinery demand.
Trump in hot water as Cohen threatens to share 'information' of Russia meddling in election
Two members of US President Donald Trump’s inner circle have been found guilty of criminal offences, leaving the President in a tight spot as one of the lawyers said his client would be happy to share his knowledge on a possible Russian interference with the presidential election in 2016.
Three or four more rate hikes appropriate, shape of yield curve important, Fed's Kaplan says
A top US central bank official said on Tuesday that at least a near-term top in short-term interest rates may be somewhat nearer now, while also indicating that he would be concerned should the so-called Treasury yield curve 'invert'.