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Markets relax, a bit, on Italy crisis

Markets relax, a bit, on Italy crisis

The consensus in financial markets today seems to be that yesterday’s drop on fears that Italy was headed to a crisis that could shake the euro were a bit overstated. This isn’t to say that markets have concluded that the crisis is over–or never...
Odds of a December interest rate increase soaring

Odds of a December interest rate increase soaring

The financial markets are taking Janet Yellen seriously. In a speech yesterday the Fed chair strongly supported an interest rate increase at the Federal Reserve’s December 13 meeting. Coming along with comments from other Fed governors, the markets have decided...