As China decries US plans for an Asian Nato, is it all a ‘political gimmick’?
Analyst Collin Koh thinks the idea of a Nato-like Asian security alliance is a propaganda ploy.
Powell in asian news
Fed recap: Chair Powell explains why the central bank isn't ready yet to cut rates
The Federal Reserve held interest rates steady at their current range of 5.25% to 5.5%, but revised its outlook for rate cuts to just one in 2024. Central bank policymakers noted that there has been "modest further progress" toward its 2% inflation objective. Federal Reserve Chair Jerome Powell noted at the press conference that the central bank does not yet have the confidence to cut rates, even as inflation has eased from its peak levels.
Fed meeting recap: Powell pretty much rules out a hike as the central bank's next move
Federal Reserve Chair Jerome Powell said it was unlikely that the central bank's next move will be a rate hike. The comment spurred a rally for the three major averages, with the Dow surging more than 500 points in its session high. Central bank policymakers kept rates steady at the conclusion of their May meeting, holding at a range of 5.25% to 5.5%.
Fed Chair Powell says beating inflation 'taking longer than expected'
WASHINGTON (Reuters) -- The U.S. Federal Reserve held interest rates steady on Wednesday and signaled it is still leaning towards eventual reductions in borrowing costs, but put a red flag on recent disappointing inflation readings and suggested a possible stall in the movement towards more balance in the economy.
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.
Fed meeting recap: Everything Powell said during Wednesday's market-moving news conference
The Federal Reserve held steady on interest rates at the conclusion of its March meeting, and it's sticking with its forecast for three interest rate cuts. During a news conference Fed Chair Jerome Powell noted that a strong jobs market wouldn't deter the central bank from cutting rates.
Fed sees three 2024 rate cuts as Powell backs go-slow approach
WASHINGTON (Reuters) -- Federal Reserve Chair Jerome Powell said on Wednesday recent high inflation readings had not changed the underlying "story" of slowly easing price pressures in the U.S., but added that recent data also had not bolstered the central bank's confidence that the inflation battle has been won.
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