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India’s Prime Minister Faces Blowback Over Trade Deal With Trump to Lower
Tariffs
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Prime Minister Narendra Modi won a big reduction of sky-high tariffs, but
critics say he undermined Indian sovereignty and undercut the nation’s
farmers.
21 minutes ago
Seed Newsvine
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With one eye on escalating debt turmoil in Europe and another on a stubbornly high 9.1 percent U.S. unemployment rate, the Fed , whose policy panel meets next Tuesday and Wednesday, looks set to begin shifting the composition of its balance sheet to weight it more heavily with longer-term securities.
ReplyDeleteHaving taken short-term interest rates to near zero and bloated its balance sheet with bond purchases that topped $2 trillion, analysts say the U.S. central bank is looking for smaller-bore ways to increase its support, such as shifting its holdings away from shorter-term debt.