Business
Dallas Fed President says central bank should consider replacing its benchmark rate
LORIE Logan, president of the Federal Reserve Bank of Dallas, has proposed replacing the central bank’s benchmark federal funds rate - the…
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Swiss National Bank keeps interest rate at zero, warns of tariff impact
The Swiss National Bank (SNB) held its benchmark interest rate at zero on Thursday (Sep 25), the lowest among major central banks, as it…
Business
Some Bank of Japan policymakers called for future rate hikes, July minutes show
Some Bank of Japan board members, at a policy meeting in July, called for resuming interest rate hikes in the future, even as the board…
Business
Powell signals Fed will move slowly on interest rate cuts
Federal Reserve Chair Jerome Powell on Tuesday signaled a cautious approach to future interest rate cuts, in sharp contrast with other Fed…
Business
US: Wall Street muted at open with Powell in spotlight for rate outlook
Wall Street’s main indexes were muted at open on Tuesday (Sep 23) as the recent tech-fuelled rally took a breather, while investors…
Business
Gold hits record high as traders bet on US rate cuts, eye Powell’s signal
Investors are closely awaiting Powell’s speech for signals on the central bank’s policy, alongside remarks from other Fed officials this…
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Fed funds rate seen edging higher within range as costs rise
The effective federal funds rate, which has held near the bottom of the US Federal Reserve’s target range for its benchmark over the past…
Business
Trump’s Fed appointee pushes for steeper rate cuts
President Donald Trump’s appointee to the Federal Reserve’s Board of Governors said Monday that the central bank’s key interest rate…
Business
Gold scales record high as markets brace for further rate cuts
GOLD surged to a record high on Monday (Sep 22), buoyed by investors’ heightened expectations of a dovish rate-cut path, ahead of remarks…
Business
South Korea central bank to expand forward guidance on policy rate path
The Bank of Korea (BOK) plans to expand its forward guidance scheme by offering a dot plot of the likely path of future interest rates to…
Business
Oil prices settle lower, US economic concerns outweigh Fed rate cut
Oil prices eased on Thursday, settling lower as traders remained worried about the US economic outlook a day after the US Federal Reserve…
Business
Europe: Chip-led technology rally drive Stoxx 600 higher after Fed rate cut
EUROPEAN shares ended on Thursday on a strong note in a chipmaker-driven rally, further powered by the resumption of the US Federal…
Business
US: Stocks end at record highs after Fed rate cut, Nvidia-Intel deal
US EQUITY indices finished at fresh records on Thursday following the Federal Reserve’s first interest rate cut of 2025 while Intel surged…
Business
US: Wall St opens higher after Fed indicates more rate cuts
Wall Street’s main indexes opened higher on Thursday (Sep 18), a day after the US central bank delivered a quarter-point interest rate…
Business
The Fed’s decision on its benchmark interest rate shows unity against Trump’s attacks
The Federal Reserve’s nearly unanimous decision Wednesday to reduce its key interest rate was seen by many observers as a quiet show of…
Business
Hong Kong central bank cuts interest rate, tracking Fed; banks follow
Hong Kong’s central bank on Thursday (Sep 18) lowered its base interest rate by 25 basis points to 4.5 per cent, tracking a cut by the US…
Business
Fed’s quarter-point rate cut does not signal a sustained easing cycle: analysts
Market watchers believe the US dollar could see near-term resilience while the recent gold rally could slow down Asia’s equities markets…
Business
China leaves policy rate unchanged after Fed rate reduction
China’s central bank left a key interest rate unchanged on Thursday (Sep 18), as authorities appear in no rush to ease monetary settings…
Business
Gold slips as US dollar gains after Fed rate cut, Powell comments
Gold prices extended losses on Thursday (Sep 18) due to an uptick in the US dollar after the US Federal Reserve cut interest rates by a…
Business
Big US banks lower prime lending rates after Fed rate cut
MAJOR US lenders lowered a key interest rate on Wednesday, providing US consumers a reprieve on borrowing costs, after the Federal Reserve…
Business
US: Stocks end mixed as Fed rate cut sparks volatility
Wall Street stocks finished mixed after the Federal Reserve announced its first interest rate cut of 2025 and signalled it could enact two…
Business
US Fed lowers interest rate by 25 basis points, signals more cuts ahead
The Federal Reserve cut interest rates by a quarter of a percentage point on Wednesday and indicated it will steadily lower borrowing…
Business
Indonesia central bank delivers surprise rate cut to boost growth
Indonesia’s central bank delivered another surprise interest rate cut on Wednesday (Sep 17), its sixth cut since it kicked off an easing…
Business
Asia: Stocks swing as traders bide time ahead of US rate decision
ASIAN stock markets were mixed on Wednesday as investors bided their time ahead of an expected US interest rate cut later in the day.…