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Tag: Bank of Japan

Opinion | With the upcoming US interest rate cuts, the glass looks half full again

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Opinion | With the upcoming US interest rate cuts, the glass looks half full again

One day before the Jackson Hole symposium, the Fed released the minutes of its last meeting of the Federal Open Market Committee. US interest rates unchanged at 5.25-5.5 percent. It said the “growth outlook for the second half of 2024 has been revised downwards largely due to weaker-than-expected labor market indicators.” However, the “overwhelming majority” […]

Asian stocks take a breather after three-day rally: Markets Wrap

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Asian stocks take a breather after three-day rally: Markets Wrap

(Bloomberg) — Stock markets in Asia ended a three-day winning streak, reflecting a halt in the rally on Wall Street as investors’ appetite for risk waned ahead of Federal Reserve Chairman Jerome Powell’s speech in Jackson Hole on Friday. Most read by Bloomberg Shares fell in Japan and South Korea, despite being unfazed by improved […]