The Dollar Index declined for the first time in three days as a survey of the Federal Reserve’s primary dealers said confusion about the central bank’s intentions for its bond-buying program may be hurting the effort’s effectiveness.
The top lawyer at the U.S. regulator of national banks left a consulting job where she was paid $1.2 million and advised some of the biggest firms now overseen by her agency, her financial disclosures show.
Kang Man Soon wept on the day 15 years ago that she gave her gold wedding ring to the government, joining the millions who donated heirlooms to boost South Korea’s reserves during the Asian financial crisis.
Treasuries fell for the first time in three weeks after a report showing the U.S. unemployment rate unexpectedly declined renewed concern the Federal Reserve’s commitment to strengthen the economy may stoke inflation.
Birinyi Associates Inc.’s Jeffrey Yale Rubin said his firm is bullish on equities this year, leading managers expressing optimism that six straight weeks of declines in the stock market and weak economic data will be reversed in the second half.