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Financial markets tumbled last week after the Federal Reserve’s (Fed) latest policy meeting. Though the Fed kept its policy settings steady, Fed Chair Jerome Powell’s statement was more hawkish than what investors had expected. The US dollar index (DXY) gained 0.4 percent since the Fed meeting last Wednesday. The S&P 500 fell 2.8 percent in three consecutive down days. Bonds tanked as US Treasury yields jumped to their highest levels since 2007.
HONG KONG, China — Most Asian and European markets rose Tuesday but Tokyo sank more than one percent as exporters were hit by a stronger yen with traders gearing up for a bumper US interest rate cut and a key Japanese central bank meeting.
HONG KONG, China — Most Asian equity markets rose with the yen on Monday after US Federal Reserve boss Jerome Powell said "the time has come" to start cutting interest rates, lining up the central bank for a move as soon as next month.
HONG KONG, China — Stocks edged up in Asia on Thursday after Wall Street returned to winning ways on the back of softer-than-expected jobs data and minutes showing some Federal Reserve officials were open to an interest rate cut at their meeting last month.
HONG KONG, China — Asian equities sank Wednesday as traders take a breather from a global rally that has been fuelled by expectations the Federal Reserve will cut interest rates next month.
HONG KONG, China — Asian investors trod carefully Tuesday after the latest bounce in optimism fueled by hopes Federal Reserve boss Jerome Powell will signal an interest rate cut in a highly anticipated speech to top central bankers this week.
HONG KONG, China — Equities were mixed Monday following last week's strong performance, with traders focused on a closely followed meeting of central bank chiefs where the Federal Reserve's Jerome Powell is due to deliver a key speech.
MANILA, Philippines — Don Jerome Empania and Jose Ravinar Austria captured the overall leg title as the Lakewood Golf and Country Club made a triumphant return in the Davao leg of the Sta. Lucia Golf Tour last Friday.
WASHINGTON, United States — US inflation remains "uncomfortably" above the Federal Reserve's target despite the progress it has made in recent months, a senior bank official said Saturday.