CHINA TOPIX

03/28/2024 06:09:24 am

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Federal Reserve

Ben Bernanke

Former Fed Chief Ben Bernanke Slams Trump’s View on Yuan

Ben Bernanke opined that the President-elect Donald Trump's views on Chinese yuan do not "fit with reality," He rubbished Trump's claim that China manipulates the value of its currency. Bernanke had served as the chief of the Fed between 2006 and 2014.

Deirdre Bolton talks about Asia on risk and reward on Fox News.

China: The New Global Economic Power?

China showed the latest sign that it has arrived to the global economic power, which upsets the financial markets enough to nudge the Federal Reserve away from the raising interests.

Janet Yellen

U.S. Fed Removes 'Patient' From Guidance, Opens Doors To June Rate Hike

The U.S. Federal Reserve concluded its two-day policy meeting on Wednesday, with its statement suggesting a cautious outlook and a less aggressive timeline on raising interest rates while still implying that it was closer to hiking rates for the first time after almost a decade.

Wall Street

Wall Street Gets Green Light from Federal Reserve To Buy Back Stock Following Stress Test

Wall Street, the heart of the U.S. financial system, recently got the thumbs up from the Federal Reserve last Wednesday to buy back stocks and release a slew of dividend increases.

Janet Yellen

U.S. Fed Rate Hike To Be On 'Meeting-By-Meeting' Basis

In the Semiannual Monetary Policy Report to the Congress on Tuesday, US Federal Reserve Chair Janet Yellen told the committee that the monetary board would be mulling over raising federal rates on a "meeting-by-meeting" basis, confirming expectations of a rate hike this year, in the months to follow.

New York Stock Exchange

Philadelphia Federal Reserve President Charles Plosser Retires Next Year

President of the Philadelphia Federal Reserve Bank, Charles Plosser, will be retiring from his post next year. Known as one of the sharpest internal critics of the central bank’s loose monetary policy, Plosser’s retirement could possibly alleviate pressure to increase interest rates more quickly.

dollar sign

Bank Says New Funding Rule Makes Trading More Expensive

A new global rule is being proposed to force banks into safer funding, which will reportedly make short-selling more expensive.

Farmers' Market

Producer Price Gains Could Be Creeping Sign Of Inflation, Says U.S. Labor Department

U.S. producer prices recently posted an increase in April, the largest in one and a half years, according to the U.S. Labor Department. The surge in food prices is seen as a potential sign of possible inflation in the near future.

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