Investors solidified bets on how deeply the Federal Reserve will cut interest rates this year after Fed Chair Jerome Powell said Friday the “time has come for policy to adjust.” Powell noted the timing and pace of cuts will “depend on incoming data,” but markets quickly moved to fully price in four rate cuts of
By Cynthia Kim and Jihoon Lee SEOUL (Reuters) – South Korea’s central bank kept interest rates unchanged for a 13th straight meeting on Thursday, as policymakers prioritised the need to keep stubborn inflation in check even as the case for rate cuts later this year grows. The Bank of Korea held its benchmark interest rate
After a rough start to 2024, the latest inflation data may very well mean more fuel for the current stock market rally. “Inflation falling continues to be one of the primary factors behind the bull market in stocks,” Julian Emanuel, who leads Evercore ISI’s equity, derivatives, and quantitative strategy, wrote in a note to clients.