Page 76 - Us Fed News Today

Beijing’s handling of the coronavirus has vast implications on every facet of Chinese people’s lives, on the nation’s economy, and on a world that has come to rely so heavily on China.

SA has been a relatively good story in the emerging market world since the economic recovery from the Covid-19 pandemic started. This will likely continue for the remainder of this year, and perhaps the first half of 2023. Much of this is not due to SA’s deliberate actions but global factors that happened to produce conducive conditions that benefit the country.

WASHINGTON, May 13 ― The US Senate yesterday confirmed Jerome Powell to a second term as head of the Federal Reserve, as the central bank ramps up its fight to crush soaring inflation. The vote came amid inflation that has hit a 40-year high, fuelled by the conflict in Ukraine and sanctions...

Bruce Whitfield interviews Professor Adrian Saville, Investment Specialist at Genera Capital.

Financial Secretary Paul Chan points to likelihood of further US rate rises and sluggish recovery of domestic market

The ringgit is expected to remain volatile in the near term alongside other emerging market currencies.

Financial markets are likely to suffer some jitters, with episodic flights of capital to safety that could hit assets in emerging markets prone to outflows, like India

The Dow Jones Industrial Average fell 224.09 points, or 0.68%, at the open to 32,773.88.

The greenback was up for a ninth week against the yen, as benchmark US Treasury yields resumed their climb - topping 3.1% overnight - after a blip lower immediately after the Federal Reserve raised interest rates by half a percentage point mid-week.

In the wake of the US Federal Reserve’s 50-point interest rate hike, Andre Cilliers provides context on the recent volatility of the rand.