Fitch affirmed the United States' long-term foreign currency issuer default rating at "AA+" on Friday, citing the country's large, high-income economy and exceptional financing flexibility tied to the dollar's role as the top global reserve currency.
Read more …
Powell: Monetary Policy Back on Traditional Footing
Federal Reserve Chair Jerome Powell on Friday announced an updated operating framework more oriented toward traditional efforts of promoting price stability, supplanting what had been a troubled effort that biased central bank policy toward its job mandate over its...
Read more …
White House Welcomes Canada's Move to End Retaliatory Tariffs
The White House on Friday said it welcomed a report that Canada would remove many retaliatory tariffs on U.S. goods as a goodwill gesture designed to restart stalled trade talks.
Read more …
Trump Trade Defines Global Economic Future
President Donald J. Trump, singlehandedly, is attempting to reset the complete global order of trade relationships between the United States and every other country.
Read more …
Trump: Will Fire Fed's Cook If She Doesn't Resign
President Donald Trump on Friday said he would fire Federal Reserve Gov. Lisa Cook if she doesn't resign.
Read more …
Sectors in Spotlight Ahead of Fed's Jackson Hole Gathering
Wall Street will search for confirmation of a September interest rate cut when Federal Reserve Chair Jerome Powell speaks at the Jackson Hole symposium on Friday, a potentially pivotal moment for the market and rate-sensitive sectors in particular.
Read more …