Wednesday's benchmark rate hike by the US central bank has gone down well with Asian and European markets. Stocks went up Thursday on the Fed's move, with analysts hoping that further rate increases would be communicated well in advance.
Stock investors are in celebratory mood as no other asset class is doing better than equities these days. As the bull run continues breaking all-time highs virtually every week, DW's Lars Halter sees clouds emerging.
The US president has nominated Jerome Powell as the new chair of the central bank. While Trump wants low rates to boost growth and the stock markets, he knows that what Wall Street values most is safe hands.
US President Trump is turning the announcement of a new Federal Reserve head into a reality TV experience like his show The Apprentice. But is it just a distraction from other problems? Jens Korte reports from New York.
The US central bank keeps moving cautiously toward a third interest rate hike — possibly in December — as it has left current rates unchanged amid efforts to balance a strong US economy with stubbornly low inflation.
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