July 7, 2024
Finance

Asian Stocks Fall as French Political Risks Spread: Markets Wrap

(Bloomberg) — Asian stocks fell as concern over France’s political crisis stoked anxiety in global markets, while traders awaited policy decisions from major central banks due this week. Most Read from Bloomberg MSCI’s Asia Pacific Index fell the most in two weeks, as Japanese stocks led the decline. Hong Kong shares rose after data that

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Finance

Fed’s Waller is in ‘no rush’ to cut rates in 2024

Federal Reserve governor Chris Waller said Wednesday night that he is in no hurry to cut interest rates after hotter inflation data in the first two months of the year. “There is no rush to cut the policy rate,” Waller said in a speech in New York. The recent data “tells me that it is

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Finance

3 rate cuts in 2024 are ‘in line with my thinking’: Fed’s Goolsbee

Chicago Fed President Austan Goolsbee said Monday that three rate cuts in 2024 are “in line with my thinking,” and that the fundamental story about falling inflation has not changed despite hotter-than-expected readings in January and February. “It seems hard for me to view that the seven months previous to the start of this year

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