The Ridgewood Blog Brings a Free Market Laissez-faire Point of View to Local, New Jersey State and National Issues.
By Charles Stampul
Stocks declined sharply yesterday in response to the release of FOMC meeting minutes showing a commitment to increase (or normalize) rates sooner than expected.
Continue reading Fed Accelerating Rate Hikes to Cut Again Soon
Everyone has been hit throughout the COVID-19 pandemic from large businesses to the individual person. In some cases, there isn’t anything we can do sitting at home with our livelihood taken away. Whilst we may feel a little sour about this it is for our benefit and governments all over the world are implementing schemes to help their citizens through this awful time. At some point, things will return to normal and we will be able to continue our lives and COVID-19 will go down in the history books as something we weren’t ready for and had disastrous global effects. How disastrous are the effects we are currently seeing? Here we take a look at some of the latest currency news due to COVID-19.
Continue reading Latest Currency News Amidst the Pandemic this 2020
On Wall Street, the rising dollar has been one of the most visible signals of growing optimism in the U.S. economy; for many other countries, it spells trouble.
By
IRA IOSEBASHVILI
Updated Jan. 1, 2017 10:03 a.m. ET
On Wall Street, the rising dollar has been one of the most visible signals of growing optimism in the U.S. economy. For many other countries, it spells trouble.
Most analysts expect the U.S. currency to strengthen in 2017, extending a gain that has boosted the value of the dollar by more than one-third since the U.S. credit downgrade in 2011.
That expectation is mostly because a strengthening economy appears likely to enable the Federal Reserve to enact its plan for multiple rate increases in 2017. Higher rates make it more attractive to hold dollar-denominated assets, attracting money into the U.S.
https://www.wsj.com/articles/re-energized-dollar-looms-over-the-rest-of-the-world-1483272003
