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Asia-Pacific markets closed mixed on Tuesday, after Federal Reserve Chair Jerome Powell indicated the recent outsized cuts enacted by the U.S. central bank should not be interpreted as a sign that future moves will be as aggressive.
Federal Reserve Chair Jerome Powell said Monday that the recent half percentage point interest rate cut shouldn't be interpreted as a sign that future moves will be as aggressive, in fact indicating the next moves will be smaller.
Australia's inflation rate has come within the RBA's target range in the month of August, easing from 3.5% in July to 2.7%., according to a Wednesday release from the country's Bureau of Statistics.
The Federal Reserve's interest rate decisions can influence the trajectory of the U.S. economy.
LONDON — The Bank of England on Thursday said it would hold interest rates steady following its initial cut in August, even after the U.S. Federal Reserve opted for a jumbo rate cut the day before.
This report is from today's CNBC Daily Open, our international markets newsletter. CNBC Daily Open brings investors up to speed on everything they need to know, no matter where they are. Like what you see? You can subscribe here .
This report is from today's CNBC Daily Open, our international markets newsletter. CNBC Daily Open brings investors up to speed on everything they need to know, no matter where they are. Like what you see? You can subscribe here .
The upside-down nature of the global economy may reach new extremes if and when expected Federal Reserve rate cuts fail to weaken the US dollar.