Bloomberg A $10 trillion global stock rally is showing signs of fragility, and you can blame the economy. Both the American and European benchmarks posted their biggest weekly losses since the darkest days of December’s sell-off, with the S&P 500 dropping 2.2 percent. While the week ended with the European Central Bank’s (ECB) dovish turn and President Donald Trump predicting a ...

Bloomberg Goldman Sachs Group Inc. was half right about what it expected to happen with a more dovish-sounding Federal Reserve. But that didn’t save its US dollar trade — so it’s trying a different tactic. The firm’s recent recommendation to short the US Dollar Index (DXY) hit its stop — the level at which a trade is halted so losses ...

Bloomberg The policy shift under way at the Federal Reserve will affect new forecasts to be published later this month and also their longer-run strategy. Recent remarks by Chairman Jerome Powell, Vice Chairman Richard Clarida, Governor Lael Brainard and New York Fed President John Williams have all signalled their contentment with letting the policy rate rest at 2.25 percent to ...