The price of U.S. benchmark oil rose slightly Tuesday, a day after briefly touching a nine-month high, as traders awaited the start of a Federal Reserve policy meeting. Benchmark oil for July delivery rose 5 cents to $97.82 per barrel at midday Bangkok time in electronic trading on the New […]
Tag: Federal Reserve
Asian shares pause as U.S. rally raises Fed QE doubts
Asian shares and the Australian dollar eased on Wednesday as strong economic data rallied U.S. stocks to record highs, throwing market focus back on to the possibility of reduced Federal Reserve monetary stimulus in the future. European stock markets are expected to track Asian peers lower, with financial spreadbetters predicting […]
America Should Declare Bankruptcy: Doug Casey
This week started with President Obama Monday demanding lawmakers raise the U.S.’s $16.4 trillion debt ceiling, warning Republicans not to insist on spending cuts in return. The same day, Federal Reserve Chairman Ben Bernanke advocated getting rid of the debt limit altogether. The Washington Post reports in a conversation at […]
