inflation

 
 

Powell: Fed will act ‘as appropriate’ to sustain US expansion

WASHINGTON, Aug 23 — Federal Reserve Chair Jerome Powell stressed today that the central bank will act to ensure the US economic expansion continues, even in the face of “significant risks” posed by slowing global growth. But as Beijing…


White House mulling tax cuts but not to counter short-term weakness, says adviser

WASHINGTON, Aug 23 ― The Trump administration is studying tax cuts to buttress long-term US economic growth that could be rolled out during the 2020 election campaign but is not looking at action to counter any perceived economic weakness now, the…


Eurozone bankers warn of 'more protracted' slowdown

BERLIN, Aug 22 — Eurozone central bankers had worried that an economic slowdown hitting the bloc would drag on, as they prepared the ground for a new package of stimulus measures, according to minutes of their July meeting published today. In a…


Trump attacks, economic fears focus spotlight on Fed’s Powell speech

WASHINGTON, Aug 22 — When the leader of the Federal Reserve speaks, the world listens. But the relentless attacks by US President Donald Trump ensure Fed Chair Jerome Powell’s speech tomorrow will be subjected to an even more intense spotlight….


AmBank Q1 net profit rises 12.6pc to RM391.46m

KUALA LUMPUR, Aug 22 — AMMB Holdings Bhd (AmBank Group) posted a 12.6 per cent rise in net profit to RM391.46 million in the first quarter ended June 30, 2019 (Q1) from RM347.59 million in the same period a year ago. Revenue was 10.1 per cent…


Indonesia announces surprise rate to offset tepid global growth

JAKARTA, Aug 22 — Indonesia’s central bank announced a surprise interest rate cut today as it looks to offset tepid global growth, after South-east Asia’s biggest economy posted its slowest quarterly expansion in two years. Bank Indonesia (BI)…


Euro zone investors look for clues as Fed minutes show no clear path for interest rates

LONDON, Aug 22 — Euro zone government bond yields edged lower today after minutes from the Federal Reserve showed policymakers were deeply divided over the path of interest rates, and ahead of euro zone inflation data later in the session. The…


Wall Street rises as Target, Lowe’s results point to consumer confidence

NEW YORK, Aug 22 — Wall Street’s main indexes rose yesterday as upbeat earnings from retailers pointed to strength in US consumer demand, and held gains after minutes from last month’s Federal Reserve meeting showed policymakers had debated a…


Fed was divided on rate cut, wanted to avoid appearing on path for more cuts

WASHINGTON, Aug 22 — Federal Reserve policymakers were deeply divided over whether to cut interest rates last month but were united in wanting to signal they were not on a preset path to more cuts, a message not likely to sit well with US…


Over Fed minutes, a Trump-shaped shadow

JACKSON HOLE, Aug 22 — The one thing Federal Reserve officials were in broad agreement about at their last meeting was this: to not tip their hands about what happens next. Minutes released yesterday showed a fractious meeting on many fronts last…