Quotes from the news wire:
Amidst market turbulence there is a call to arms for the G20 to get the global economy back on track, while we can hope for a substantive policy prescription, it's a forlorn one. There is simply too much self-interest globally and that dominates group interest.
Found on Reuters 8 years ago
We saw weakness in more U.S. durable goods, but one can track that directly to softness in manufacturing and oil, which is distinct from the strength across the service sector, nonetheless, it strengthens the hand of those pointing to the Fed doing less, and questions the case of the USD bulls.
Found on Reuters 8 years ago
So while the Fed's decision is shaping as somewhat of a done deal, how the market reacts to a Fed hike still contains an element of uncertainty, the logical reaction - a stronger U.S. dollar and modestly higher U.S. interest rates - may not be what transpires, at least not initially.
Found on Reuters 8 years ago
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