The Federal Reserve’s latest “dot plot” outlining future interest rate moves suggests the central bank will still cut rates twice this year, unchanged from its March outlook, though June’s forecasts shows a more divided Fed weighing its next move on interest rates. The Fed announced Wednesday that it held its benchmark interest rate in a…
The Federal Reserve said Wednesday it is holding its benchmark interest rate steady, marking a continuation of its “wait-and-see” approach as it assesses the impact of the Trump administration’s economic policies. The central bank also expects inflation to worsen in the coming months, but it still foresees two interest rate cuts by the end of…
The Federal Reserve’s latest “dot plot” outlining future interest rate moves suggests the central bank will still cut rates twice this year, unchanged from its March outlook, though June’s forecasts shows a more divided Fed weighing its next move on interest rates. The Fed announced Wednesday that it held its benchmark interest rate in a…
By Rae Wee and Jiaxing Li SINGORE/HONG KONG, – U.S. President Donald Trump’s erratic policies are rattling a currency peg that has withstood the test of time and is seen as an anchor for China and Asia. The Hong Kong dollar has whipsawed from one end of its narrow trading band to the other versus…
Behind the Fed decision to hold interest rates steady – CBS News Watch CBS News The Federal Reserve left its benchmark interest rate unchanged. Jo Ling Kent reports. Be the first to know Get browser notifications for breaking news, live events, and exclusive reporting. Not Now Turn On Source link
The Hong Kong Monetary Authority (HKMA) has stepped in for the second time within three days to maintain the local currency’s peg to the US dollar after the Hong Kong dollar hit the strong end of its trading band. The city’s de facto central bank sold HK$9.532 billion worth of the local currency and bought…
To investors worried about the direction of volatile markets over the next few weeks, fear not. I have some good news for you. The impact of US President Donald Trump’s tariff tantrum is abating. The markets are back to normal – at least for now. But to understand why markets have somewhat recovered, albeit temporarily,…