A day before the Jackson Hole symposium, the Fed released the minutes of its latest Federal Open Market Committee meeting, which left US interest rates unchanged at 5.25-5.5 per cent. …
US stocks rose on Powell’s remarks, with all three major indices on Wall Street up sharply at around 10am local time in Washington (1400 GMT). The annual economic symposium in …
Hong Kong stocks fell on Friday, dragged down by Chinese blue chips’ disappointing earnings, while traders keenly await the Federal Reserve chair’s speech for clues on the coming interest-rate cut. …
A senior economist expects multiple cuts in the federal funds rate (the rate banks pay that ripple out to consumer interest rates on everything from credit cards to mortgages) before …
A crypto analyst has predicted that Bitcoin (BTC), the world’s largest cryptocurrency could see its price surging as high as $100,000, representing a 200% increase from its current value. However, …
Hong Kong stocks fell on Tuesday as investors await developments on the US interest rate front after China left its key lending rates unchanged. The Hang Seng Index declined 0.4 …
2024 has so far been quite eventful for Bitcoin (BTC), whose price is currently hovering around $58,500, or up 40% year-to-date (YTD). The most successful period for the primary cryptocurrency …
Stock markets have shown signs of recovery, but the same cannot be said for crypto markets, which are facing heavy resistance. Volatility could tick up again as all eyes will …
Kamala Harris was recently asked to respond to Donald Trump’s suggestion that the president should have a say in the Federal Reserve’s interest rate decisions. She was vehemently opposed, saying, …
Who said China’s financial markets were in turmoil? Since January last year, the yield on the country’s benchmark 10-year government bond – which moves inversely to prices – has fallen …