The Fed slashed interest rates last week, but Treasury yields are rising. What's going on?
With its larger-than-normal cut last week, the Federal Reserve sent a clear message that interest rates are heading considerably lower in the future.
Trends asian news
Swiss central bank cuts rates by a quarter point in third trim this year
The Swiss National Bank on Thursday took a third step to loosen monetary policy this year, bringing its key interest rate down by 25 basis points to 1.0%.
Indian steelmakers seek higher tariffs as ‘predatory’ Chinese imports surge
India’s steelmakers have called on the government to double tariffs on steel imports to curb a surge in cheaper steel shipments from China, according to a letter from an industry association seen by Reuters.
Zelensky’s ‘victory plan’ is to drag NATO into the fight
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Australia's inflation rate has come within its target range, but rate cuts likely won't come anytime soon
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.
Labubu fever: Singapore PAP politician enlists ‘cutest volunteer’ to engage youth
A politician of Singapore’s ruling party has enlisted a viral toy figure as part of efforts to embrace social media trends and connect with younger constituents.
Asian Development Bank raises growth forecast for region, but warns of risks from trade sanctions
Developing economies in Asia are forecast to grow at a 5.0% annual pace this year, helped by a strong U.S. economy and surging demand for computer chips that power artificial intelligence, the Asian Development Bank said in a report Wednesday.
Goodbye Louis Vuitton. China’s Gen Z leans into ‘dupe economy’ as growth prospects stall
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