Latest Updates Around The World
U.S. Federal Reserve Chairman Jerome Powell said Wednesday he is committed to preserving the Federal Reserve’s independence and credibility amid attempts at political intervention, with President Donald Trump publicly pressuring the Fed to sharply cut rates.He noted that keeping the Fed independent of politics helps maintain its credibility. He said the independence given to the […]
Chicago Federal Reserve President Austan Goolsbee said Thursday that the U.S. central bank should focus on curbing inflation amid ample evidence of labor market stability, in comments that kept alive the prospect of interest rate cuts later this year. “There’s still strength” in the labor market and “I think the biggest thing we’re facing is […]
Asian shares rose to near a record, buoyed by optimism about earnings and regional economic growth, as investors expanded their focus beyond US markets.The MSCI Asia Pacific Index advanced 0.9% on Wednesday for a second day of gains. Asian stocks have outpaced the S&P 500 this year, even as the U.S. benchmark rose 0.2% to […]
