FEDERAL RESERVE

Ripples of 2023: FBS’s insight on the 2024 global financial outlook

With 2023 coming to an end, leading global broker FBS looks back at the significant economic events and delves into the perspective of the financial landscape in 2024. FBS financial market analysts point out that next year, financial markets will stand at the cusp of transformation under the influence of the US economy, global and local military conflicts, and the sprawl of AI. As FBS experts further stress, the cautious stance […]

December 19, 2023 8

World

Fed leaves rates unchanged, signals cuts in 202

The US Federal Reserve has left interest rates unchanged, but signaled it plans to make three rate cuts next year. It follows an intense 21 months of rate hikes to try and get inflation under control. Nick Harper reports from Washington.

December 14, 2023 27

World

Asian markets drop as traders temper rate cut bets

Stocks fell Tuesday, extending the sell-off seen on Wall Street, with analysts warning November's rally fuelled by bets on interest rate cuts may have gone too far, forcing traders to take a step back. Markets surged last month as data pointing to slowing inflation and softer job markets combined with a dovish turn by Federal Reserve officials to stoke expectations they will next year begin loosening monetary policy. Those hopes […]

December 5, 2023 5

World

Fed Chair warns fight against inflation not over

Federal Reserve Chairman Jerome Powell has said the central bank could be done raising interest rates. Speaking in the US state of Georgia on Friday, Powell said inflation is easing but warned it's too early to declare victory. Sally Patterson has more.

December 4, 2023 17

World

Federal Reserve minutes in focus in shortened trading week

Minutes from the Federal Reserve's last meeting will dominate attention in what is slated to be a quiet trading week on Wall Street. William Denselow reports from New York that markets will be closed for Thanksgiving on Thursday and traders will be hoping for positive news heading into the holiday.

November 20, 2023 13