US dollar Lower After Dovish Fed Minutes

Federal Reserve officials remained firmly committed to a “patient” policy stance at their meeting earlier this month, saying rates likely will remain unchanged well into the future. Minutes from the May 1-2 Federal Open Market Committee meeting also showed that members raised their expectations for full-year economic growth and said that earlier concerns they had […]

China Rethinks Economic Ties with US

China is exploring more drastic action as a result of its trade fight with the U.S., according to the South China Morning Post. While China is open to resuming trade talks, “government advisers are now highlighting the risk of sourcing critical supplies from an increasingly hostile US…and are exploring ways for the country to cut […]

US Treasury Secretary Open to New China Talks

U.S. Treasury Secretary Steven Mnuchin said the Trump administration is open to holding new talks with China if the two sides can proceed on the basis of previous negotiations. Mnuchin, speaking to reporters after testifying at a House Financial Services Committee hearing, said Trump would defend U.S. farmers against retaliation and “be very careful” with […]

Stocks Lower as China Toughens Position

U.S. stocks slipped on Friday, after three straight sessions of gains, as trade tensions were renewed after Chinese media took a hardline approach to the tariff dispute between the United States and China. The trade war will only make China stronger and will never bring the country to its knees, the ruling Communist Party’s People’s […]

UK Cross Party Talks Break Down

Britain’s tumultuous divorce from the European Union again is in disarray as the opposition Labour Party on Friday declared last-ditch cross-party talks are dead in the twilight of Prime Minister Theresa May’s premiership. Nearly three years after the United Kingdom voted 52 per cent to 48 per cent in a referendum to leave the EU, […]

Trump Hopes There is no War with Iran

President Donald Trump said “hope not” when he was asked Thursday if the United States is going to war with Iran. That answer to a reporter’s question during a photo opportunity at the White House with Swiss President Ueli Maurer came amid growing concern about a conflict between the U.S. and Iran. Meanwhile, members of […]