The U.S. Federal Reserve will hold fire a bit longer on its first interest rate rise in nearly a decade, according to a little over half of economists in a Reuters poll who only last week narrowly predicted the Fed will pull the trigger on Thursday.
The yen has "a bit more" room to fall before its costs outweigh the benefits, one of the architects of the reflationary policies of Japanese premier Shinzo Abe said on Friday, dismissing fears that more monetary easing could fuel unwelcome declines.
Speaking of bumpy air, trespassing, and the forgiveness of debt, the Greek/German tragedy of midsummer seems to have landed on terra firma for at least a few months—although inevitably the weakness of the Eurozone with its common currency, but disparate fiscal philosophies, spells renewed turbulence in financial asset markets.
Earlier this year the Dow Jones Industrial Average breached 17,000 for the first time in its long history. We decided to take a look at previous major benchmarks in the growth of the Dow over the years and highlighted what was going on in the markets—and the world.
On Tuesday, Leo Melamed, widely known as the father of financial futures, addressed an audience of Futures industry professionals at the CTA Expo, offering personal stories of his experiences that got him to where he is today.