Warsh disappoints Trump — with more Fed rate increases potentially in store

September Nymex natural gas (NGU26) on Monday closed down -0.043 (-1.57%). Nat-gas prices fell to a 1-week low on Monday and settled lower as US weather forecasts shifted cooler, potentially reducing demand from electricity providers to power air conditioning.  The Commodity Weather Group said on Monday that the outlook for US weather shifted cooler, with…

A new report by the National Low Income Housing Coalition (NLIHC) says rental housing remains out of reach for millions of workers, with wages falling short of the cost of modest rentals in every state, metropolitan area and county in the U.S. Titled “Out of Reach: The High Cost of Housing,” the report warns that…

Bitcoin’s ability to rise on Monday despite fresh doubts over the reserve’s legal footing suggests the market is treating the plan as a longer-term structural question rather than an immediate price driver. With the federal government’s holdings worth more than $20 billion, any eventual resolution, whether housed at Treasury or Commerce, could still matter for…

Many new traders assume that a currency should rise after a rate hike and fall after a rate cut. In reality, financial markets react to how a central bank decision compares with what traders were already expecting. A good example is today’s Reserve Bank of New Zealand (RBNZ) monetary policy decision. The central bank raised…