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HONG KONG, China (AFP) — Asian markets mostly fell Thursday after the Federal Reserve hiked interest rates and signaled a more hawkish tone for future moves, while US President Donald Trump stoked trade war fears by suggesting he will hit China with fresh tariffs. After a keenly watched meeting, the US central bank lifted borrowing costs, as expected, but indicated another two this year and four in 2019 as the world’s top economy continues to […]
HONG KONG, China (AFP) — Most Asia markets rose on Thursday and the dollar extended losses after the Federal Reserve stuck to its target for interest rate hikes this year, soothing concerns it would embark on a quicker pace. After one of the most anticipated meetings in recent months, the central bank lifted borrowing costs as expected to a decade high but indicated just two more over the rest of the year, confounding forecasts of […]
WASHINGTON, United States (AFP) — The US Senate on Tuesday confirmed former investment banker Jerome Powell as head of the Federal Reserve, putting President Donald Trump’s pick in a role of enormous influence over the world’s largest economy. Powell, a current Fed governor, was confirmed by a vote of 85-12, paving the way for him to replace current Chair Janet Yellen when she steps down next month. In choosing to replace Yellen, Trump dismantled another […]
NEW YORK, United States (AFP) — The Dow ended at a record high Thursday after President Donald Trump nominated Jerome Powell to lead the Federal Reserve and congressional Republicans unveiled their long-awaited tax cut plan. The Dow Jones Industrial Average gained 0.3 percent to finish at 23,514.81, about 75 points above the prior record set last Friday. The broad-based S&P 500 ended up a hair at 2,579.85, while the tech-rich Nasdaq Composite Index dipped less […]
HONG KONG, China (AFP) — Asian investors on Wednesday struggled to track a record close on Wall Street as they await the Federal Reserve’s latest policy meeting hoping for a guide on its plans for monetary policy. The central bank is all but certain to lift interest rates after its meeting ends later in the day but the main focus will be on chair Janet Yellen’s comments afterwards. Some analysts suggest the rise could be […]
The U.S. decision to raise interest rates will have some impact on China’s trade but how much is not immediately known, the Chinese commerce ministry said on Thursday (December 17). The Federal Reserve hiked interest rates for the first time in nearly a decade on Wednesday (December 16), signalling faith that the U.S. economy had largely overcome the wounds of the 2007-2009 financial crisis. The U.S. central bank’s policy-setting committee raised the range of its […]
By Howard Schneider WASHINGTON Wed Sep 17, 2014 6:26pm EDT (Reuters) – Federal Reserve officials nudged their expected path of interest rate increases higher on Wednesday, but did little to change the outlook for a long slow climb back up to normal monetary policy. The revised rate projections left a deep disconnect between the U.S. central bank and financial markets, with investors anticipating significantly lower rates in the future than the Fed officials themselves project. […]
(Reuters) – Federal Reserve Chair Janet Yellen said on Tuesday the U.S. central bank was on track to keep reducing its policy stimulus, even as she acknowledged the labor market recovery was “far from complete.” In her first public comments as Fed chief, Yellen said the central bank would need to keep its eye on a broad range of labor market indicators, not just the unemployment rate, as it continued to assess the health of […]
