Atlanta Federal President Dennis Lockhart said on Tuesday that two rate hikes in 2016 were a possibility.
New York Federal Reserve head William Dudley said on Tuesday that the U.S. is edging closer toward the point in time where it will be appropriate to raise interest rates further.
The U.S. dollar trimmed losses but remained close to a one-and-a-half month trough against its Canadian counterpart on Tuesday, weighed the release of downbeat U.S. inflation data and as an upbeat manufacturing sales report from Canada l...
The downbeat data fuelled concerns over the strength of the U.S. economy and dampened expectations for a 2016 rate hike by the Federal Reserve.
U.S. retail sales data dampened optimism over the strength of the economy as well as expectations for a U.S. rate hike before the end of the year.
OPEC hinted "Production Cut" again, but not much impact to the market.
Reserve Bank of New Zealand cut interest rates by 0.25%. RBNZ Govenor Graeme Wheeler said “the high exchange rate is adding further pressure to the export and import competing sectors.”
U.S. nonfarm productivity dropped by 0.5%, and the Australian and New Zealand dollars gained ground against its U.S. counterpart.
The market is still following the trend from the last Friday's "US Job Data", on the one hand the Oil Price bouncing to higher.
Is the U.S. retail sales could be the timing of a possible rate hike? Powell, on the other hand reiterated that any increases to interest rates should be “very gradual”.