Fed's Shrinking Balance Sheet May Pressure US Bond Yields

But jobs are linked to inflation by wage growth, which remains lackluster. "The third rate hike in seven months, coming not long after a relatively poor Q1 GDP print, suggests the Fed has become less data-dependent in its monetary policy decisions", Fitch Ratings Chief Economist Brian Coulton said.

Travel ban returns: What happens now, and who can come to America?

The Supreme Court will hear the case in October but for now ruled the ban can be implemented in part, keeping out those with no direct connection to the United States , but allowing many others in. SCOTUS noted the self-imposed limitations provided in the travel ban , determining Monday that it "does not burden any American party by reason of that party's relationship with the foreign national ".

Forex - Dollar lower as central bank speakers eyed

Forex - Dollar lower as central bank speakers eyed

Federal Reserve policy maker John Williams made the case on Monday for further gradual increases in interest rates, saying he expects inflation to rise to the central bank's 2 per cent target next year as unemployment edges lower. The risk that Ms Yellen could tweak her outlook in a more dovish direction kept traders on tenterhooks and limited the United States dollar's gains.