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,…
Negative equity cases in Hong Kong’s real-estate market hit a new high, according to official data released on Wednesday, as elevated interest rates continued to weigh on property prices. The number of homes whose value sank below what their owners were paying for their mortgages rose 6.1 per cent to 40,741 cases in the first…
Apr 30, 2025 Hong Kong’s real estate market is grappling with a surge in negative equity cases, reaching levels not seen since 2003. Official data reveals that the number of properties valued below their mortgage amounts climbed by 6.1% to 40,741 in the first quarter, as reported by the Hong Kong Monetary Authority (HKMA). This…
Negative equity cases in Hong Kong’s real-estate market hit a new high, according to official data released on Wednesday, as elevated interest rates continued to weigh on property prices. The number of homes whose value sank below what their owners were paying for their mortgages rose 6.1 per cent to 40,741 cases in the first…
(TNND) — President Donald Trump indicated on Wednesday that he may reach out to Federal Reserve Chairman Jerome Powell regarding interest rates. Speaking to reporters in the Oval Office, Trump expressed his belief that it was a mistake not to cut the rates sooner. “I might call him. I haven’t called him, but I believe…
After weeks of bluster and escalation, President Trump blinked. Then he blinked again. And again. He backed off his threat to fire the Federal Reserve chairman. His Treasury secretary, acutely aware that the S&P 500 was down 10 percent since Mr. Trump was inaugurated, signaled he was looking for an offramp to avoid an intensifying…