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Trump is about to own the next credit cycle

President Donald Trump is about to select a new Federal Reserve chair. Whether it’s Jerome Powell, Kevin Warsh, or even current head Janet Yellen, the choice will mark a shift in Trump’s tenure leading the world’s biggest economy. That’s because the president, who railed against Yellen during his 2016 campaign, will now be assuming ownership of this credit cycle and ...

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Brexit talks flounder and somebody needs to care

Since talks on the UK’s exit from the European Union kicked off in June, there have been five negotiating rounds backed by speeches, press conferences and shuttle diplomacy. And yet the UK and Europe are no closer to agreeing about what their future relationship should be, or even settling the divorce bill. Now the question is whether there will be ...

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Euro drops with Spain on edge; bonds and oil climb

Bloomberg The euro weakened as investors watched and waited for the next big development in Spain, where Catalan separatists are planning their response after Prime Minister Mariano Rajoy moved to stamp his authority on the region. Candidates for the Fed chief and the odds of US tax reform remain in focus as the dollar rose a second day. The common ...

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