Federal Reserve Chairman Ben Bernanke has been holding a two-day policy meeting in Washington. It might be one of his last as Fed chairman. It's unclear whether the central bank will change its course following Bernanke's departure.
The biggest US banks, including Deutsche Bank's US subsidiary, are equipped to survive a recession, the Fed says. Yet there are warning signs, including for Deutsche, whose credit rating took another hit on Thursday.
The US Federal Reserve has raised its key lending rate by another quarter-point — the second time in 2018, and aimed at staying ahead of growing inflation amid strong growth and robust employment.
The US central bank has raised interest rates by a quarter-point at its first policy meeting under Chairman Jay Powell and signaled more hikes are coming in response to tax cuts and higher government spending.
The planned US tariffs on steel and aluminum have not gone down well with the United States' trading partners. With trade tensions intensifying, will we also see a currency war to make things even worse?
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