The failure of Silicon Valley Bank has caused a ripple effect in global financial markets, with investors downgrading their forecasts for further interest rate rises and selling bank stocks globally. Government bond prices have soared, with fund managers betting that the US Federal Reserve will not raise interest rates at its next scheduled monetary policy […]
[ It may sound like a circular argument, but the only way to stop inflation is to stop companies from raising prices. And the only way to stop that is to get inflation under control. And that could mean an end to the interest rate hike pause. After Tuesday\’s latest release of inflation data, warnings from Bank of Canada governor Tiff […]
[ HONG KONG: Asian markets sank Wednesday following hefty losses on Wall Street as still-strong economic data fanned expectations that US interest rates will go higher and stay there longer than expected. Traders are now awaiting the release of minutes from the Federal Reserve’s latest policy meeting hoping for an idea about officials’ views on […]
Investors are betting the European Central Bank will raise interest rates to all-time highs, spurred on by the eurozone economy’s resilience and signs that inflation could prove tougher to rein in than expected. The Frankfurt-based central bank, widely seen as one of the world’s most dovish during its eight-year experiment with negative borrowing costs, is […]
Hong Kong: China’s yuan weakened to a seven-week low on Wednesday, weighed down by a buoyant dollar after an unexpected rebound in US business activities fuelled expectations that the Federal Reserve will keep interest rates higher for longer. With an absence of Chinese policy updates and economic data this week, the yuan’s movement has been […]