Japanese yen touches 160 to the dollar; Asia stocks rise as Fed meeting looms
This is CNBC's live blog covering Asia-Pacific markets.
Fed asian news
All the data so far is showing inflation isn't going away, and is making things tough on the Fed
The last batch of inflation news that Federal Reserve officials will see before their policy meeting next week is in, and none of it is very good.
Why the Fed keeping rates higher for longer may not be such a bad thing
With the economy humming along and the stock market, despite some recent twists and turns, hanging in there pretty well, it's a tough case to sell that higher interest rates are having a substantially negative impact on the economy.
Market veteran Howard Marks says Fed is 'not going back' to ultra-low rates
The Federal Reserve will not bring interest rates back down to their post-financial crisis lows, according to veteran investor Howard Marks — and he believes that's a good thing.
G20 economies adjust to delays in Fed rate cut, Brazil's finance chief says
WASHINGTON (Reuters) -- G20 finance ministers and central bank governors are adjusting to expectations for a later start to U.S. interest rate cuts, which has caused a worldwide asset repricing and increased the urgency for debates on debt, Brazil's finance leaders said on Thursday.
European stocks close higher despite Fed comments rattling global markets; LVMH shares up 3%
This is CNBC's live blog covering European markets.
Fed's Powell says restrictive monetary policy needs more time to work
WASHINGTON (Reuters) -- Top U.S. central bank officials including Federal Reserve Chair Jerome Powell backed away on Tuesday from providing any guidance on when interest rates may be cut, saying instead that monetary policy needs to be restrictive for longer and further dashing investors' hopes for meaningful reductions in borrowing costs this year.
Fed's Powell says high interest rates need more time to work
WASHINGTON (Reuters) -- Federal Reserve Chair Jerome Powell said on Tuesday the U.S. central bank may need to keep interest rates higher for longer than previously thought, given what he called a "lack of further progress" this year towards the 2% inflation target.