Japan’s benchmark Nikkei share average tumbled more than 4% on Monday in reaction to a sharply stronger yen after perceived monetary policy hawk Shigeru Ishiba won the contest to become the country’s prime minister. The Nikkei traded 4.11% lower at 38,191.13 as of 0020 GMT, while the broader Topix index shed 2.9%. Japanese government bond … Read more
It could be time to rethink popular portfolio strategies for a lower interest rate environment. The Federal Reserve’s half-percent rate cut on Wednesday marked the first time in more than four years it moved to lower the benchmark interest rate. According to VanEck CEO Jan van Eck, investors should start thinking about how the changing … Read more
Former President of the United States and current presidential candidate Donald J. Trump made an interesting promise on Twitter earlier this week: Lowering car insurance rates. That would be a major boon for American drivers, putting tons of money back in our collective pockets if not for one little issue. He can’t do it. Gen … Read more
The Federal Reserve’s interest rate decisions can influence the trajectory of the U.S. economy. “The U.S. economy’s stature is one of the key drivers of the importance of the Fed,” said Gregory Daco, chief economist at EY-Parthenon. “The [U.S.] economy remains one of the largest economies in the world, and certainly of late, one of … Read more
People walk along the Huguosi street, Xicheng district, a dedicated food street in Beijing on August 23, 2024. Adek Berry | AFP | Getty Images SINGAPORE — Following a slew of data released over the weekend from China that painted a fairly bleak outlook for its economy, analysts have tapered their expectations for the country’s … Read more
Mumbai: A rebound in government expenditure is evident from a build-up of surplus liquidity conditions in the banking sector, as the Centre loosens its purse strings and injects cash into the system. The absence of the key driver of economic growth had been felt in the first quarter of the year. Analysts are of the … Read more
Federal Reserve Bank of New York President John Williams said Friday that a better balanced economy has opened the door to cutting rates, with the full course of action to be determined by how the economy performs. “With the economy now in equipoise and inflation on a path to 2 percent, it is now appropriate … Read more
An outgoing member of the Reserve Bank of India’s interest-rate panel said there’s no evidence higher food costs are pushing up prices more broadly in the economy, a reason often cited by Governor Shaktikanta Das for keeping monetary policy tight. Jayanth Rama Varma — an academic whose four-year term as an external member on the … Read more
Photo: Justin Sullivan (Getty Images) Jerome Powell, chairman of the Federal Reserve, said earlier today that inflation is on its way back down to reasonable levels — levels that would permit the Reserve to start lowering the interest rates it sets for overnight lending between banks. That change can effect everything from mortgages to credit … Read more
The chorus at India’s interest rate-setting panel appears to have grown louder with two outgoing external members — Ashima Goyal and J R Varma — underscoring the risks a ‘higher-for-longer’ approach poses for broader economic growth, the latest minutes of the meeting of the Monetary Policy Committee (MPC) review showed. “Excess monetary tightening can trigger … Read more
