Markets mostly fell on the prospect of US interest rates going higher, and for longer, as officials try to cool the economy and bring decades-high inflation under control. | Reuters
New York Fed chief John Williams said the policy board needed to “attain a sufficiently restrictive stance of policy” and then “maintain that for a few years to make sure we get inflation to two percent”, the bank’s inflation target.
With the world’s top economy still showing resilience despite almost a year of rate hikes and surging prices, observers said traders’ hopes for a rate cut this year were fading. All three main indexes on Wall Street ended lower Wednesday, led by tech firms, and most of Asia followed suit.
Indonesia Berita Terbaru, Indonesia Berita utama
Similar News:Anda juga dapat membaca berita serupa dengan ini yang kami kumpulkan dari sumber berita lain.
Travel freebies you can score: Plane tickets to Hong Kong, Emirates' flight milesHong Kong is set to welcome thousands of Filipino visitors again through a massive tourism campaign. Called 'Hello, Hong Kong,' the campaign involves the
Baca lebih lajut »
Fed's Powell says job strength shows inflation fight may last 'quite a bit of time''Our job is to get inflation down to 2%,' a process that US Federal Reserve Chair Jerome Powell says is still just getting started.
Baca lebih lajut »
Peso up on profit taking, Fed chair’s comments - BusinessWorld OnlineTHE PESO rebounded against the dollar on Wednesday on profit taking and remarks from the US Federal Reserve chief. The local currency closed at P54.80 versus the greenback on Wednesday, strengthening by 28.5 centavos from Tuesday’s P55.085 finish, data from the Bankers Association of the Philippines showed. The peso opened Wednesday’s trading session at P55 […]
Baca lebih lajut »
Shares slip, dollar steady as markets assess Powell commentsMSCI's US-centric index of stock performance in 47 countries sheds 0.55% on Wednesday, February 8.
Baca lebih lajut »
Gur Lavi Corp partners with HGC Global Communications to expand customer network through cloud innovation | BMPlusGur Lavi Corp. (GLC), one of the trailblazing telecommunications distributors in the Philippines, has sealed another meaningful partnership with HGC Global Communications Limited (HGC), a leading Hong Kong and international fixed-line operator and ICT solution provider, through a Memorandum of Understanding. “We see this as a beginning of a fruitful…
Baca lebih lajut »
World should ‘calm down’ about China COVID variants – Chinese scientistHONG KONG — The world should "calm down" about the possibility of new COVID-19 variants circulating in China, leading Chinese scientist George Gao said. A paper by Gao and
Baca lebih lajut »