2 Federal Reserve Officials Oppose an Interest Rate Cut
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The Hang Seng Index climbed 1 per cent to 26,964.26 as of 10.10am local time, heading for the highest close since October 3. The Hang Seng Tech Index gained 0.6 per cent. On the mainland, the CSI 300 Index advanced 0.3 per cent and the Shanghai Composite Index added 0.4 per cent.
Major cryptocurrencies are trading higher, with key events, including Federal Reserve (Fed) and Bank of Japan (BOJ) rate decisions, and earnings reports from influential Mag 7 stocks lined up for the week ahead. The Federal Reserve is widely expected to ...
Asia stocks trade mostly higher on Wednesday, tracking gains made overnight by major U.S. indexes, where optimism surrounding artificial intelligence (AI) continued to fuel sentiment, and intense focus on the upcoming U.S. Federal Reserve policy decision.
This means that the Fed may be forced to cut key interest rates if both ADP and the Labor Department report poor payroll data. The federal government shutdown likely hindered private sector job growth due to the fact that furloughed federal workers were likely being cautious.
Curvo shows that Bitcoin has returned 69.5% while the S&P 500 gained just 10.1%—a trend also evident in previous cycles, suggesting Bitcoin could outperform the S&P 500 if current conditions persist. Korean investors appear to be leading the accumulation trend, as reflected in the Korean Premium Index, which points to renewed buying activity.
After a nine-day delay caused by the ongoing government shutdown, September's Consumer Price Index report will finally land Friday morning, and economists say its impact on the Federal Reserve’s interest-rate path – and thus on markets –could be ...
GBP/USD stabilizes around 1.3140 at the start of the week, virtually unchanged for the day. The Pound Sterling (GBP) trades cautiously ahead of Thursday’s Bank of England (BoE) policy announcement, as markets assess the likelihood of a monetary easing move.