Fed ‘has gone crazy’ as it raises interest rates

US President Donald Trump

Trump also on Wednesday renewed criticism of the Federal Reserve for raising interest rates, calling it a "mistake" and later reiterated his view in a Fox Business interview that the Fed "is going loco".

Donald Trump's use of the word correction to describe the sell-off could be significant.

Currency investors took shelter in the safe-haven yen, resulting in steep losses for Japanese exporters, with electronics giant Sony down almost five percent as blue-chip firms flashed red across the trading board.

Shares on London's FTSE 100 index were down 1.4% in opening trade, while the Frankfurt DAX dropped 1.3% and the Paris CAC shed 1.5%.

Harry and Meghan are going to miss most of Princess Eugenie's wedding
Accompanying the news were several sweet throwback photos of the couple and their siblings to mark the special occasion. Also taking up the role of bridesmaids will be Savannah and Isla Phillips, the daughters of Peter and Autumn Phillips.


Stocks have sold off in recent days on worries about higher borrowing costs.

Last week's jump in yields followed strong U.S. data but many analysts have been anticipating dynamics in the bond market to change due to expectations that central banks in Europe and Japan will soon phase out bond-buying programs. "They're so tight. I think Fed has gone insane", president Trump replied.

US stocks tumbled yesterday, with the S&P 500 and the Dow marking their biggest daily declines since February 8, and technology stocks were at the centre of the carnage as rising US Treasury yields sent investors fleeing from risky assets.

"The Fed's reckless policies of low interest and flooding the market with dollars needs to be stopped or we will face record inflation", he said in the other.

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The wide receiver is also the subject of a second lawsuit from his landlord over damage sustained to the apartment unit. In the lawsuit, Sternberg alleges the pieces of furniture included two very large vases and a heavy ottoman.


Mr. Trump said earlier this week that he thought the central bank was moving too quickly with a series of planned interest rate hikes.

"I don't like it", Trump said Tuesday at the White House, referring to the Fed's rate hikes, the most recent of which was September 26. "It is doing well", Trump said.

Trump has been publicly criticizing the Fed since July for interest-rate increases and declared he was "not happy" in September when the central bank raised rates for the third time this year. The Fed has predicted that unemployment will remain below 4 percent through 2020 and inflation is expected to track around 2 percent, conditions that Federal Reserve chief Jerome Powell called "remarkably positive".

"My assumption for the policy rate is that we can achieve our objective of keeping inflation to the 2 percent symmetric objective and the unemployment rate slowly rising back towards its sustainable rate with that stance of funds rate - but if we need more, we'll do more", he said.

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Additionally, the CDC has found a possible link between an increase in a respiratory virus and an increase of AFM. And there are other diseases that mimic the symptoms, such as West Nile virus and Guillain Barre syndrome.


U.S. President Donald Trump boards Air Force One prior to departing Washington from Joint Base Andrews, Maryland, U.S., October 10, 2018.

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