Major Wall Street indices surged to fresh records on Wednesday after the Federal Reserve reaffirmed plans for interest rate cuts in the coming months, cheering investors who had feared a retreat.The US central bank as expected opted to keep interest rates unchanged for a fifth...
At the end of last year, investors were convinced that interest rates in the world’s leading economies would come down sharply this year. Following the US Federal Reserve’s unexpected signal last December that its monetary tightening campaign was over and that it expected borrowing costs...
On one hand, inflation numbers continue to surprise to the downside. The Fed’s preferred gauge decelerated to 2.9 per cent in December, crossing below 3 per cent for the first time since early 2021, according to data published Friday.Hong Kong economy, property market eagerly await...
The Federal Reserve will lower interest rates starting in March for a total of four times this year and inflation will hit the central bank’s 2 per cent target, according to Joshua Schiffrin, Goldman Sachs’ global head of trading strategy.The executive, who last year correctly...