The Hong Kong Monetary Authority (HKMA) kept its base rate unchanged in lockstep with the US Federal Reserve, after the American central bank said it needed more time and data to monitor the potential inflationary impact of President Donald Trump’s tariffs. On Thursday, the HKMA maintained its rate at 4.75 per cent, hours after the…
The Federal Reserve held interest rates steady at its June meeting, as expected, while reaffirming the possibility of two rate cuts later this year. It was a relatively predictable meeting, with the main updates coming from slight revisions to the Fed’s forecasts for GDP, unemployment, and inflation. Markets had little reaction to the news. “Blah…
US President Donald Trump has again rattled global investment markets, this time with his threats to interfere with the independence of America’s central bank. The president has ramped up his war with the US Federal Reserve, calling chair Jerome Powell a “major loser” and demanding interest rates be cut immediately, in a re-run of his…
NEW YORK, NEW YORK Traders work on the floor of the New York Stock Exchange on April 26, 2023 in New … More York City. Recession risk has risen after the implementation of tariffs. (Photo by Michael M. Santiago/Getty Images) Getty Images U.S. recession risks have risen sharply with the announcement of new tariffs. The…
WASHINGTON, DC — Federal Reserve Chair Jerome Powell speaks at a news conference following a Federal … [+] Open Market Committee (FOMC) meeting on March 19, 2025 in Washington, DC. (Photo by Sha Hanting/China News Service/VCG via Getty Images) China News Service via Getty Images The Federal Reserve’s Federal Open Market Committee (FOMC) held interest…
What Interest Rate Drop Means for Small Businesses WASHINGTON, DC — Federal Reserve Chair Jerome Powell announces on Dec. 18, 2024, that the Federal … [+] Reserve is lowering interest rates by a quarter percentage point to a range of 4.25% to 4.5%. (Photo by Alex Wong/Getty Images) Getty Images The Federal Reserve’s Federal Open…
Lululemon reported strong earnings thanks to international growth. (Photo by Gary Hershorn/Getty … [+] Images) Getty Images Key Takeaways November Jobs Report Exceeds Expectations With Upward Revisions For Prior Months Strong Earnings Drive Premarket Gains For DocuSign, Lululemon, And Ulta Inflation Data And Major Earnings Highlight Upcoming Week’s Market Focus It’s been a quiet week…