Fed hikes rates, leaves the option of a tightening cycle halt

With what could be the last in a record run of interest rate hikes and a heightened focus on credit and other economic vulnerabilities, the Federal Reserve entered a new phase in its management of the post-pandemic economic recovery on Wednesday. As expected by the financial markets, the Federal ...

Ahead of the Fed's important rate decision, Japan's stock market rises about 2%, pacing Asia's advance.

As investors awaited the latest information on the U.S. Federal Reserve's rate hike decision, Asia-Pacific markets climbed on Wednesday. The Fed is attempting to balance its inflation fight and stem a banking crisis.

The Nikkei 225 in Japan led regional advances, rising 1.93 percent...

The Fed's aggressive approach has put Korea under duress.

The Korean won has dropped against the dollar after Powell's comments signaled the likelihood of future rate hikes. Signals of future rate hikes from the US Federal Reserve have weighed on the Korean economy, raising concerns about a widening gap between the key rates of the two nations, whic...

Strong U.S. employment statistics suggests the Federal Reserve will continue to tighten monetary policy, boosting the dollar.

On Thursday, the dollar gained ground as data showed rising labor costs and unemployment claims indicated the U.S. job market was still strong, both of which suggest the Federal Reserve needs to continue increasing interest rates to tame inflation.

As the market anticipates the Fed will...

Consumers are more upbeat about the here and now, but they expect inflation to rise in the near future.

The Federal Reserve's efforts to stem the rise in prices were given a complication boost on Friday by a crucial report from the University of Michigan that found consumer sentiment had improved in February but inflation expectations had increased.

Preliminary data for February show ...

After Powell's remarks, European stocks hit a nine-month high, as the dollar wobbles.

On Wednesday, global stocks soared and most currencies rallied against the dollar as investors perceived a dovish tone in comments from Federal Reserve Chair Jerome Powell, albeit an ECB policy change meant European bonds sat out the rally. MSCI's world stock index increased 0.3%, returning t...

The Fed has approved the smallest rate raise since March, in response to an improved inflation outlook.

The Federal Reserve unanimously authorized a quarter-point interest rate hike on Wednesday, reducing the pace of its increases in a clear hint that the central bank is making progress in its war against inflation. The decision, made at the conclusion of the Federal Open Market Committee's fir...

Oil prices are unchanged as the market awaits decisions from the Federal Reserve and OPEC.

Oil prices remained relatively unchanged as the market anticipates a meeting of OPEC and its allies, a Federal Reserve rate decision, and U.S. government data on oil and fuel stockpiles on Wednesday. Brent crude futures fell 11 cents, or 0.1%, to $85.35 a barrel at 0949 GMT. West Texas Intermedia...

The Bank of Japan continues its easing program despite the strengthening yen.

Even as the yen has been under pressure from the U.S. Federal Reserve's aggressive tightening and other central banks, the Bank of Japan maintained its ultra-loose monetary policies on Friday.

The yen's collapse to 32-year lows against the dollar as a result of the disparity in ...

Why is the Bank of Japan taking this stance on interest rates?

The Bank of Japan has maintained its position despite interest rate increases by the Federal Reserve and other central banks across the world in an effort to reduce inflation.

Japan's benchmark interest rate has been negative 0.1% since 2016. The third-largest economy in the world h...

Even though the Fed survey indicates that the economy grew in September, expectations for the future are becoming more pessimistic.

A national survey of the 12 regional banks of the Federal Reserve revealed on Thursday that the U.S. economy grew marginally in September, helped by a substantial upswing in travel and tourism and constant or expanding activity in manufacturing.

Higher interest rates and inflation are h...

Rates on mortgages reached 5.89%, which is the highest level since 2008.

The Federal Reserve is indicating that it intends to maintain higher interest rates for longer.

In a new report released on Thursday by Freddie Mac, the average interest rate on 30-year mortgages increased to 5.89%, the highest level since 2008.

The increase follows a time dur...

Ahead of the most recent U.S. jobs reading, Asian stock markets decline

On Friday's Asian stock market action was uneven ahead of U.S. jobs data that could support Federal Reserve plans for larger interest rate increases to curb rising inflation.

Seoul, Tokyo, and Hong Kong all withdrew as Shanghai moved forward. Over $1.50 per barrel was added to the p...

FEWER THAN 2 LAKH BUSINESSES FAILED DURING FIRST YEAR OF COVID-19: FED RESEARCH

Highlights

• The authors wrote in the study, unlike what was predicted, our results may represent an optimistic update to views about pandemic-related business failure

• The chair of Federal Reserve Jerome Powell has said that the US economy is all set to witness a b...

AFTER A DISMAL FEBRUARY, U.S. FACTORY OUTPUT JUMPS IN MARCH

Highlights
1. According to Federal Reserve data released on Thursday, the jump of 2.7 percent in output comes after a downwardly revised 3.7% decline in February

2. The numbers for March was lower than forecast courtesy of automakers as they continued to deal with the shortages o...

US ECONOMY POISED FOR STRONG GROWTH SAYS FEDERAL RESERVE CHAIR JEROME POWELL

Highlights

• Speaking to CBS' 60 Minutes, chair Jerome Powell said that he is not expecting to raise the Fed’s benchmark interest rate, which at present is pegged at around zero

• The Fed is keenly studying the development of a digital dollar, but has not y...

IMPROVED U.S. ECONOMY IS GOING TO SUPPORT GLOBAL ACTIVITY AS WELL: FED CHAIR JEROME POWELL

Highlights

• Fed Chair Jerome Powell expects a greater likelihood the strong US rebound from the COVID-19 will also help jump-start nations that are still struggling to achieve normalcy

• Fed Chief’s comments came as he was asked about sharply contrasting outlo...

TSE BROADER TOPIX INDEX ENDS HIGH ON THURSDAY

Highlights –

• TSE broader Topix index ends high on Thursday.
• The Topix index of all First Section issues on the TSE ended up 24.48 points.
• Nikkei Stock Average was up 302.42 points.
• Stocks gained in the bank, securities hou...

US INDUSTRIAL PRODUCTION SLUMPED 2.2 PERCENT IN FEBRUARY

Highlights

• The Fed said “The severe winter weather in the south central region of the country in mid-February accounted for the bulk of the declines in output for the month.”

• The report said along with the industrial production, the manufacturing outp...

TOKYO STOCKS TRADE LOW ON FRIDAY OVER RISING U.S BOND YIELDS

Highlights –

• Tokyo stocks trade low on Friday over rising U.S bond yields.
• The 225-issue Nikkei Stock Average ended at 571 points.
• Topix index of all First Section issues on the TSE was down 20.55 points.
• Stocks declined in...