As Fed registers gains, Powell may take a lay low approach
By Howard Schneider JACKSON HOLE, Wyoming Inflation has been falling. The unemployment rate is a low 3.5%. The
2023-08-25 13:21
Fed Chair Powell could signal the likelihood of high rates for longer in closely watched speech
When Federal Reserve Chair Jerome Powell delivers a high-profile speech Friday in Jackson Hole, Wyoming, many analysts think he could make one thing clear: That the Fed plans to keep its benchmark interest rate at a peak level for longer than had been expected
2023-08-25 12:25
Vietnam joins Southeast Asian effort on cross-border payments
JAKARTA Vietnam's central bank signed an agreement on Friday to be part of an initiative by five other
2023-08-25 12:15
Saudi Arabia, UAE and Iran among six countries invited to join BRICS group
Oil powers Saudi Arabia and the United Arab Emirates have been invited to become members of the BRICS group of developing nations in its first expansion in over a decade.
2023-08-25 11:25
Asia Stocks Echo Wall Street Decline Before Powell: Markets Wrap
Asian stocks fell after a selloff on Wall Street while Treasury yields stabilized after further upward pressure as
2023-08-25 10:49
China is launching an 'unprecedented' crackdown on corruption in its health industry as economic woes pile up
China has launched a sweeping anti-corruption campaign targeting its hospitals, pharmaceutical industry and insurance funds as it grapples with mounting economic challenges and long-standing public frustration about high costs in the behemoth healthcare sector.
2023-08-25 10:47
The US needs a stable Chinese economy. Will Biden's commerce secretary offer help?
US Commerce Secretary Gina Raimondo will travel to China next week, a visit that coincides with a worsening slowdown in the world's second largest economy.
2023-08-25 10:25
Oil Set for Second Weekly Drop on Improving Supply, China Woes
Oil headed for a second weekly loss on signs of improving supply and a deteriorating economic situation in
2023-08-25 10:23
Donald Trump Gets a Mug Shot in Georgia
Donald Trump’s mug shot was made public after he surrendered to an Atlanta jail on charges that he
2023-08-25 09:55
Central bankers head to Wyoming retreat seeking clarity on US interest rates
Central bankers and academics from around the world have descended upon the town of Jackson, Wyoming searching for clues on the US...
2023-08-25 09:54
Fed Latest: Thailand Central Bank Wants Tighter Fiscal Stance
Thailand’s central bank wants the new government led by Srettha Thavisin to pursue fiscal consolidation in tandem with
2023-08-25 09:53
Philippines Steps Up Exposure of China ‘Bullying’ in Sea Dispute
The Philippines is stepping up efforts to make sure people around the world can see for themselves what
2023-08-25 09:26