Breaking News, Latest Philippines Headlines, World, Entertainment, Politics, Weather & Video News
by Heather SCOTT Agence France Presse WASHINGTON, United States (AFP) — The US Federal Reserve raised the benchmark interest rate on Wednesday, a move sure to anger President Donald Trump, but it also sent a clear signal it expects to slow its rate increases next year. The Fed’s fourth rate increase of the year, which sent Wall Street tumbling in mid-afternoon, moved the central bank squarely into the crosshairs of the president, who said a […]
by Heather SCOTT Agence France-Presse WASHINGTON, United States (AFP) — The US Federal Reserve is expected to raise the benchmark lending rate on Wednesday but to accompany that with a strong sign it will hold off on future increases. But the outcome of the two-day monetary policy meeting is perhaps the most uncertain of any in the past decade. A remarkably low 72 percent of market participants expect an increase in the federal funds rate […]
QUEZON City, Philippines (Eagle News) — Malacañang allayedfears of the business sector regarding the interest rate hike implemented by the United States Federal Reserve. According to Finance Secretary Carlos Dominguez, the country’s macroeconomic fundamentals remain strong and that the Duterte administration has many massive infrastructure projects that will bring in needed cash.
SINGAPORE, Singapore (AFP) — The dollar retreated across the board in Asia Thursday after comments from Federal Reserve boss Janet Yellen on the weak global economy suggested the central bank will not hike interest rates any time soon. The greenback also sank to late 2014 levels against the yen on the back of a flight to safe investments as markets from Asia to the Americas are buffeted by worries over the global outlook. Testifying before Congress on […]
