Global markets are watching closely as the US Federal Reserve meets on Tuesday and Wednesday, amid widespread speculation that it’s to raise its benchmark interest rate for the second time this year.
President Donald Trump has ordered a sweeping review of the US laws brought in to regulate banks after the 2008 financial crisis.
Toyota has been touting its production plans in the United States, joining other carmakers at the North American International Auto Show in Detroit who are keen to avoid being tweeted by Donald Trump over where they build their vehicles.
The US economy is even more buoyant than initially thought, according to the latest official figures for the third quarter (Q3) of this year.
Janet Yellen, the head of the US central bank, has said Donald Trump’s election as US president does not change the Federal Reserve’s plans for an interest rate hike “relatively soon” to be followed by a gradual pace of increases after that, unless there were any dramatic changes.
Wall Street was lower in early trading on Monday, just hours ahead of the first debate between US presidential candidates Hillary Clinton and Donald Trump.
A robust monthly jobs report is pointing to the US economy strengthening. Employers there added 255,000 thousand people to their payrolls (excluding agriculture) in July.