Things are getting awkward for the Federal Reserve. With their eye on inflation, officials are inclined to hold rates steady when they meet in Washington on Tuesday and Wednesday. But fears of a slowdown are mounting, and President Donald Trump and some of his deputies keep hammering the central bank for an interest-rate cut. Caught…
Asian stocks outside of Japan declined in early trading, dragged down by losses in Hong Kong-listed Chinese technology shares as Donald Trump took an early lead in the US presidential election. The MSCI Asia Pacific Excluding Japan Index slid almost 1%, with Alibaba Group Holding Ltd. and Meituan among the biggest drags on the benchmark….
Your financial playing field just shifted. For the first time in four years, the Federal Reserve reduced interest rates, announcing a jumbo cut of 50 basis points. It’s the sort of move usually deployed in a crisis, but the American economy remains strong. Inflation is trending down. Markets are up. What does this mean for…