The Federal Reserve said Wednesday it’s keeping its benchmark interest rate unchanged, citing elevated uncertainty over the nation’s economic outlook. The decision to hold rates steady marks a continuation of the Fed’s “wait-and-see” strategy this year, as it monitors the impact of the Trump administration’s tariffs on consumer prices. But Wednesday’s policy statement also underscored that the…
Hong Kong developer Hang Lung Properties expects the city’s retail sector to remain sluggish this year amid a prolonged industry slump, while an unresolved tariff war with the US keeps businesses and consumers in mainland China is limbo. “The recent trade disputes and escalating restrictions between the US and China have created uncertainties in the…
US stock futures traded higher on Wednesday as investors braced for the Federal Reserve’s interest-rate decision, economic updates, and earnings from tech giants Microsoft (MSFT) and Meta (META). Dow Jones Industrial Average futures (YM=F) held steady, while those on the S&P 500 (ES=F) ticked up 0.1%. Contracts on the tech-heavy Nasdaq 100 (NQ=F) rose 0.2%….
Investors are awaiting the release of key tech earnings and a Federal Reserve policy decision (Mohd RASFAN) Asian markets were mixed Wednesday as investors kept tabs on China-US developments after they agreed to further talks to extend their trade truce, while eyes were also on tech earnings and a key Federal Reserve meeting. After deals…
During a meeting last week between President Trump and Federal Reserve Chair Jerome Powell, the president sought to underscore what he said is a “very simple” request: “Interest rates have to come down.” That wish isn’t likely to be granted when the Fed announces its next interest rate decision on Wednesday. Economists put the probability of…
By Mike Dolan LONDON (Reuters) – What matters in U.S. and global markets today By Mike Dolan, Editor-At-Large, Finance and Markets The dollar is on course for its best week of the year, as unfolding U.S. trade deals are succeeding in raising tariffs without attracting much retaliation or causing major economic damage so far. A…
By Kevin Buckland TOKYO (Reuters) -Japan’s bond market faces stern tests this week, from domestic political ructions and a possible hawkish shift at the central bank to global risks stemming from the Federal Reserve. Japan’s long-dated government bond (JGB) yields remain near record peaks after the ruling coalition lost its majority in upper house elections….
Caution returned to Hong Kong stocks as the city’s benchmark fell from its highest point in three years, with investors gearing up for the US Federal Reserve’s rate decision and earnings reports. The Hang Seng Index fell 0.9 per cent to 25,316.44 as of 10.08am local time on Tuesday, while the Hang Seng Tech Index…
(Bloomberg) — Wall Street kicked off a pivotal week with the dollar climbing after President Donald Trump reached a tariff deal with the European Union and signs mounted that the US and China will extend their trade truce. Stocks held near a record and bonds edged lower. Most Read from Bloomberg The start of a…
This might be the most critical week for investors in years. In fact, in over two decades of investing, and more than a decade as a professional analyst, I’ve never seen a single week with this many potentially market-moving headlines. Between earnings surprises, critical inflation and jobs data, a Federal Reserve decision, and a looming…