Asian markets retreat with US rates back in focus
HONG KONG, China — Asian markets were mostly lower Monday as relief over the US Congress passing a last-minute deal to avoid a government shutdown gave way to renewed concerns over interest rates.
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Stocks extend gains for 5th straight day
MANILA, Philippines — Stocks extended their advance yesterday as investors continued to scout for bargains and reposition their portfolio following the reconstitution of the main index.
Fed to move 'carefully' in determining monetary firming: Powell
ISTANBUL – US Federal Reserve Chair Jerome Powell said Wednesday the central bank will move “carefully” in determining the extent of monetary policy tightening based on future macroeconomic data.
Asian markets sink, dollar gains as Fed hints at further rate hike
HONG KONG, China — Asian stocks sank Thursday and the dollar advanced after the Federal Reserve indicated it could hike interest rates again this year and keep them elevated longer than feared as it struggles to bring inflation to heel.
Fed likely to pause, raise growth forecast
WASHINGTON – Analysts expect the US Federal Reserve to pause interest rate hikes on Wednesday as the central bank looks to tame inflation while avoiding a recession, despite a recent energy-fueled rise in consumer prices.