Stay updated with breaking news from Lorretta Chen. Get real-time updates on events, politics, business, and more. Visit us for reliable news and exclusive interviews.
A sense of uncertainty swept through Chinese markets Monday as growing protests against covid-19 curbs and a record number of infections complicated the nation's path to reopening.
Credit market rallies most in two years as inflation abates. The Goldman Sachs Short Index surged 10.9% Thursday, with a two-day 17.5% spike. Read more here.
Powell is an admirer of Paul Volcker’s fortitude, and he’s clearly drawing inspiration from the legendary Fed Chairman.
Chinese big four bank CDS each surged about 10 bps, the largest single-session gains since the July 15th peak risk off.
Hotter-than-expected August CPI and quarterly options/derivatives expiration made for a toxic mix. “Core” CPI was reported up 0.6% for the month (7% annualized!), double estimates.