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Fed’s Warsh sees US resilience, mum on rate-path view

The Federal Reserve raised interest rates Wednesday — a move that puts new Fed Chair Kevin Warsh squarely at odds with President Donald Trump’s demands for lower borrowing costs.

Markets

Cotton Fades Lower on Thursday

Cotton futures were under pressure late, despite supportive outside markets, as contracts were down 24 to 60 points. Crude oil was up $2.46 per barrel on the session, with the US dollar index $0.562 lower.

Markets

Dollar Retreats with Bond Yields

The dollar index (DXY00 ) fell to a 1-week low today and is down by -0.48%. The dollar is sliding today on weakness in T-note yields after the 10-year T-note yield dropped to a 3-week low of 5.046%, weakening the dollar…