"While our economist Michelle Girard thinks the Fed may disappoint on giving a “firm” signal, which would fit with their data dependent outlook, she sees a risk that the FOMC minutes begin to put a greater emphasis on the pace of hikes being gradual. A clear discussion along those lines may be a “soft signal” that an earlier start to rate hikes, giving more assurance that a gradual pace can be taken, is the preferred path of the FOMC’s majority."" ...
Longtime stock-market bull Jeremy Siegel warned that equities could be in for a correction amid a possible rate hike by the Federal Reserve next month. "The next six or seven weeks are going to be very rough," the well-known Wharton School finance professor told CNBC Monday afternoon. Jitters over a likely September rate hike combined with weaker corporate earnings due to falling oil prices, a strong dollar and seasonal weakness in late August and September ...
Adelsteen Normann (1848-1918) Sognefjord 1879
Bitcoin News Mash-Up: Yes to BitLicense; No to BitLicense; and More BitStamp Files Application for BitLicense When a majority of the Bitcoin companies are packing their bags to leave New York, Bitcoin exchange BitStamp has decided to embrace the reason of their departure. The popular Bitcoin exchange recently informed on Twitter that it is applying for BitLicense, the widely criticized Bitcoin regulator framework ...
Members of the Reserve Bank of Australia's monetary policy board said that the country's economy continues to recover, minutes from the central bank's August meeting revealed on Tuesday. more...