macro

US Treasury tells banks further yen intervention is possible

Bloomberg Money takes the pulse of your financial life, powered by the reporting of our global newsroom. Today's guests: PIMCO Global Economic Advisor, Former Federal Reserve Vice Chairman Richard Clarida and RBC Capital Markets Head of US Equity Strategy Lori Calvasina. (Source: Bloomberg)

BOJ chief flags upside inflation risks, faster hikes possible

US Treasury tells banks further yen intervention is possible

Former Federal Reserve Vice Chairman Richard Clarida joins Scarlet Fu and Tom Keene on "Bloomberg Money" to discuss this week's Fed decision, Chairman Kevin Warsh's communication decisions and the increased divergence in the K-shaped economy. Clarida is currently a global economic adviser for Pimco.

Federal Reserve Board requests comment on a proposal to modernize its rule governing the extension of credit to bank "insiders"—bank executives, board members and major shareholders who could potentially influence a bank's lending decisions

The dollar headed for its worst week in three months on concerns the Federal Reserve won’t move forcefully enough to contain inflation.

BOJ revises inflation forecast down while keeping rates unchanged

China’s central bank signaled a preference for slower gains in the yuan, setting the daily fixing at a broadly stable level that is much weaker than expected, after the currency climbed to a three-year high.

Kenya’s annual inflation rate climbed slightly up in July, exceeding the midpoint of the central bank’s target range for a third month, as energy costs fueled price growth.