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World markets have returned to levels of almost month ago as fears of an overheated U.S. economy abate even as corporate profit growth remains brisk.
What's more, the Fed's latest loan officers survey shows renewed weakening in demand for industrial loans and a decline in household demand for credit in the first quarter of the year. "Eventually we'll have rate cuts" but for now monetary policy is in a"very good place," he said on Monday. The dollar held firm on Tuesday, pushing higher again against Japan's yen to as high as 154.65 despite the two suspected bouts of Japanese intervention last week to support the yen.
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