Business
Fed confronts 'hardest' decision on interest rates in final meeting of the year
The Federal Reserve faces a tough decision when it convenes Tuesday for a two-day meeting to determine whether to cut interest rates for a…
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Fed
Business
Asian markets mixed ahead of US data, expected Fed rate cut
Focus is now on the release later Friday of the personal consumption expenditures index Asian markets struggled into the weekend on Friday…
Business
Oil settles up on expectations of Fed rate cut, Ukraine peace talks stalling
US crude futures briefly rose more than US$1 a barrel earlier in the session as global shares rose Oil prices settled up on Thursday (Dec…
Business
Indexes end near flat, supported by Fed hopes but dragged by Amazon
Markets are pricing in an 87% chance the central bank will cut rates by 25 basis points this month US stocks closed near the unchanged…
Business
Wall Street opens higher as investors mull Fed rate cuts
Wall Street’s main indexes opened slightly higher on Thursday (Dec 4) as investors parsed a fresh batch of labour market data to gauge the…
Business
Asian markets stumble as traders struggle to hold Fed cut rally
Bets on a US reduction on Wednesday have surged to around 90% in the past two weeks Asian markets struggled to maintain their early…
Business
Indexes close higher as data keeps Fed rate cut expectations elevated
US stocks advanced to close higher on Wednesday (Dec 3), as a flurry of economic data kept expectations elevated for an interest rate cut…
Business
Stock market hovers near all-time high on Fed rate cut expectations and retail rally
The U.S. stock market is drifting near its record levels on Wednesday following mixed reactions to profit reports from Macy’s, Marvell…
News
Bessent says White House may ‘veto’ Fed presidents under a new residency rule
Treasury Secretary Scott Bessent said Wednesday he would push a new requirement that the Federal Reserve‘s regional bank presidents live…
Business
Equities climb on Fed rate cut optimism, Boeing surges
US stocks closed higher to record their sixth gain in seven sessions in muted trading on Tuesday (Dec 2), buoyed by gains in technology…
Business
Singapore shares rise marginally as investors turn cautious ahead of Fed decision
Decliners beat gainers 279 to 271 across the broader market, as 1.3 billion securities worth S$1.4 billion are transacted Singapore stocks…
Business
Asian markets mixed as traders eye US data ahead of Fed decision
Among the reports due for release are private jobs creation, services activity and personal consumption expenditure Asian equities were…
News
Fed contender Hasset says market is ready for Trump chair pick
White House National Economic Council Director Kevin Hassett touted a positive market response to indications that US President Donald…
Business
European shares clock monthly gains on Fed rate cut hopes
Next week, investors expect some focus on Russia-Ukraine peace talks. European shares ended higher on Friday (Nov 28), capping a strong…
Business
Gold hits two-week peak on increased Fed rate-cut bets
GOLD prices rose to a two-week high in early Asian trade on Friday, as bets increased for a US interest rate cut next month amid…
Business
Gold steadies at near two-week high as investors weigh Fed rate-cut bets
US rate futures are pricing in an 85% chance of a rate cut in December, according to the CME’s FedWatch tool Gold prices remained steady…
Business
JPMorgan flips forecast, sees Fed cutting rates in December
The Federal Open Market Committee, led by Chair Jerome Powell, meets in Washington on Dec 9 and Dec 10 Economists at JPMorgan Chase see…
Business
US: Wall Street extends rally on growing bets for December Fed rate cut
Wall Street gained ground on Wednesday as revived tech strength and the growing probability of a December interest rate cut from the US…
Business
Europe’s Stoxx 600 climbs on Fed cut hopes; banks rally post-UK budget announcement
EUROPE’S main equity indexes closed higher on Wednesday, led by technology stocks as growing expectations of a US rate cut boosted global…
Business
Wall Street opens higher as December Fed rate-cut bets grow
Wall Street’s main stock indexes opened higher on Wednesday (Nov 26), as investors parsed through a fresh batch of economic data and…
Business
US: Wall Street opens higher as December Fed rate-cut bets grow
Wall Street’s main stock indexes opened higher on Wednesday (Nov 26), as investors parsed through a fresh batch of economic data and…
News
Trump may select new Fed chair by Christmas, Treasury Secretary Bessent says
President Trump is likely to select a new Federal Reserve chair before Christmas, Treasury Secretary Scott Bessent said Tuesday. Source link
News
Oil prices settle up 1% on bets Fed will cut US rates and doubts about Ukraine peace
Global brokerages remain split on whether the Fed will cut interest rates at its December meeting after last week’s mixed signals on job…
Business
US: Wall Street opens higher on Fed interest rate-cut expectations
Wall Street’s main indexes opened higher on Monday (Nov 24), buoyed by expectations of an imminent Federal Reserve interest rate cut in…