Asian stocks rise as US rate hopes soothe nerves after torrid week
Asian markets mostly rose Monday as fresh hopes for a US interest rate cut provided some calm after last week’s rollercoaster ride fuelled by worries of a tech bubble. The scramble to snap up all things AI has helped propel equities skywards this year, pushing several companies to records — with chip titan Nvidia last […]
US central bank takes step towards first rate cut but signals extended caution
The US central bank has raised expectations that interest rate cuts are around the corner, but also signaled it wants more evidence that easing inflation is sustainable. The Federal Reserve kept its core interest rate range steady between 5.25-5.5% following the first meeting of its Federal Open Market Committee in 2024. Its statement to accompany […]