Powell signals Fed will move slowly on interest rate cuts
Federal Reserve Chair Jerome Powell on Tuesday signaled a cautious approach to future interest rate cuts, in sharp contrast with other Fed officials who have called for a more urgent…
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US: Wall Street muted at open with Powell in spotlight for rate outlook
Wall Street’s main indexes were muted at open on Tuesday (Sep 23) as the recent tech-fuelled rally took a breather, while investors awaited Federal Reserve chair Jerome Powell’s remarks on…
Gold hits record high as traders bet on US rate cuts, eye Powell’s signal
Investors are closely awaiting Powell’s speech for signals on the central bank’s policy, alongside remarks from other Fed officials this week Gold prices climbed to a record high on…
Trump’s Fed appointee pushes for steeper rate cuts
President Donald Trump’s appointee to the Federal Reserve’s Board of Governors said Monday that the central bank’s key interest rate should be much lower than its current 4.1% level,…
Gold scales record high as markets brace for further rate cuts
GOLD surged to a record high on Monday (Sep 22), buoyed by investors’ heightened expectations of a dovish rate-cut path, ahead of remarks by multiple Federal Reserve officials and key…
South Korea central bank to expand forward guidance on policy rate path
The Bank of Korea (BOK) plans to expand its forward guidance scheme by offering a dot plot of the likely path of future interest rates to better communicate monetary policy to market…
Oil prices settle lower, US economic concerns outweigh Fed rate cut
Oil prices eased on Thursday, settling lower as traders remained worried about the US economic outlook a day after the US Federal Reserve cut interest rates for the first time this year.…
Europe: Chip-led technology rally drive Stoxx 600 higher after Fed rate cut
EUROPEAN shares ended on Thursday on a strong note in a chipmaker-driven rally, further powered by the resumption of the US Federal Reserve’s policy-easing cycle, while SIG slumped after a…
US: Stocks end at record highs after Fed rate cut, Nvidia-Intel deal
US EQUITY indices finished at fresh records on Thursday following the Federal Reserve’s first interest rate cut of 2025 while Intel surged on Nvidia’s announcement it would take a stake in…
US: Wall St opens higher after Fed indicates more rate cuts
Wall Street’s main indexes opened higher on Thursday (Sep 18), a day after the US central bank delivered a quarter-point interest rate cut, while chipmaker Intel climbed after Nvidia…
The Fed’s decision on its benchmark interest rate shows unity against Trump’s attacks
The Federal Reserve’s nearly unanimous decision Wednesday to reduce its key interest rate was seen by many observers as a quiet show of unity and independence amid President Donald Trump’s…
Hong Kong central bank cuts interest rate, tracking Fed; banks follow
Hong Kong’s central bank on Thursday (Sep 18) lowered its base interest rate by 25 basis points to 4.5 per cent, tracking a cut by the US Federal Reserve. It was the first easing by the…
Fed’s quarter-point rate cut does not signal a sustained easing cycle: analysts
Market watchers believe the US dollar could see near-term resilience while the recent gold rally could slow down Asia’s equities markets fluctuated on Thursday (Sep 18) amid mixed…
China leaves policy rate unchanged after Fed rate reduction
China’s central bank left a key interest rate unchanged on Thursday (Sep 18), as authorities appear in no rush to ease monetary settings despite the US Federal Reserve’s decision to reduce…
Gold slips as US dollar gains after Fed rate cut, Powell comments
Gold prices extended losses on Thursday (Sep 18) due to an uptick in the US dollar after the US Federal Reserve cut interest rates by a quarter of a percentage point, as expected, and…
Big US banks lower prime lending rates after Fed rate cut
MAJOR US lenders lowered a key interest rate on Wednesday, providing US consumers a reprieve on borrowing costs, after the Federal Reserve cut interest rates for the first time this year.…
US: Stocks end mixed as Fed rate cut sparks volatility
Wall Street stocks finished mixed after the Federal Reserve announced its first interest rate cut of 2025 and signalled it could enact two more cuts this year. The moves corresponded to…
US Fed lowers interest rate by 25 basis points, signals more cuts ahead
The Federal Reserve cut interest rates by a quarter of a percentage point on Wednesday and indicated it will steadily lower borrowing costs for the rest of this year, as policymakers…
Indonesia central bank delivers surprise rate cut to boost growth
Indonesia’s central bank delivered another surprise interest rate cut on Wednesday (Sep 17), its sixth cut since it kicked off an easing cycle in September last year, saying economic…
Asia: Stocks swing as traders bide time ahead of US rate decision
ASIAN stock markets were mixed on Wednesday as investors bided their time ahead of an expected US interest rate cut later in the day. Traders took a breather from the global rally that has…
US: Wall Street opens higher on rate cut expectations
Wall Street’s main indexes opened higher on Tuesday (Sep 16) as investors priced in expected interest rate cuts from the Federal Reserve on Wednesday, while digesting…
Markets rally as the Fed meets to decide on what could be 2025’s first interest rate cut
An “everything rally” in markets greets the start of a two-day Federal Reserve meeting, with stocks at record highs, bond yields subsiding and a two-month low dollar taking the heat ahead…
Asia: Markets rise as traders prepare for expected US rate cut
ASIAN stocks rose again on Tuesday to extend another record day on Wall Street as traders locked in bets on a US interest rate cut this week, while they are also keenly eyeing flagged…
S&P 500, Nasdaq hit new highs ahead of Fed rate meeting
Street stocks gained on Monday with the S&P 500 and Nasdaq reaching new records on hopes that the US Federal Reserve will cut interest rates at its policy meeting this week. Positive…