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 […]
JP Morgan predicts the US Federal Reserve’s next move will be a rate hike in 2027, while Barclays and Goldman Sachs join Morgan Stanley in delaying rate cuts until mid-2026 as data suggests the labor market is not deteriorating anytime soon.JP Morgan withdrew its outlook for a rate cut in January, predicting the Fed’s next […]
Japanese 10-year government bond yields reversed course to a notch higher on Tuesday, following a fairly strong outcome at an auction of bonds with the same maturity. Ten-year Japanese government bond yields rose 0.5 basis point (bp) to 2.12%, after falling 1 bp to 2.105% ahead of the auction. “Despite the current yield level, which […]
Japan’s Nikkei share average closed higher, recovering from a two-week low hit the previous session, while technology stocks followed overnight gains on the Nasdaq.The Nikkei rose 0.26% to close at 49,512.28, after falling as much as 0.6% earlier in the session. The index snapped a two-session losing streak. The broader Topix closed 0.03% lower at […]
