Stay updated with breaking news from Fomc. Get real-time updates on events, politics, business, and more. Visit us for reliable news and exclusive interviews.
The gains in gasoline prices place the nation's central bank on alert for a resumption of inflation, making the September interest rate hike a hawkish rather than a dovish pause.
KUALA LUMPUR: The ringgit ended the week lower against the US dollar as investors remained in cautious mode ahead of key United States (US) jobs data release, said an analyst.
Fed Chairman Powell says the fight against is inflation is far from over.
The president of the Philadelphia Federal Reserve Bank said he thinks the U.S. central bank has raised interest rates high enough to bring inflation down.
Global bond yields are rising to levels unseen in years, driven by strong macroeconomic data and expectations of continued monetary tightening. US Treasury yields have reached their highest since 2007, prompting investors to initiate risk-off trade.