By Tom Westbrook SINGAPORE (Reuters) – Asian shares steadied on Thursday ahead of a housing policy briefing in China that has raised expectations of support for the ailing property sector, while the dollar stood near 2-1/2 month highs on the prospect of a Donald Trump presidency. Global bonds rallied after a surprisingly large drop in…
By Rae Wee SINGAPORE (Reuters) – The dollar held near an 11-week high on Thursday as uncertainty over the upcoming U.S. election looms and as resilience in the U.S. economy added to bets the Federal Reserve will be less aggressive in easing rates versus its peers elsewhere. The highlight of the Asia day will be…
The Federal Reserve slashed the federal funds rate (overnight interest rate) by 50 basis points on Wednesday, which was double the 25-basis-point adjustment it typically uses. Inflation has fallen sharply over the past year while the unemployment rate has stayed relatively steady (although it is beginning to tick higher), which were two key reasons for…