The overall sentiment in the Asian markets on Wednesday appears to be cautious, primarily due to two key factors. These factors are likely to keep the markets within narrow trading ranges. The concerns revolve around the uncertainty surrounding the U.S. economy and the pending earnings report from Nvidia. Despite the marginal increase in U.S. and
Economy
Federal Reserve Chair Jerome Powell’s recent speech at the Jackson Hole Economic Symposium indicated a notable shift in the central bank’s stance on monetary policy. Powell’s remarks highlighted the Fed’s readiness to lower interest rates, aligning with market expectations for multiple rate cuts. This move reflects a shift towards prioritizing the labor market over inflation,
The recent discussions between Thailand’s central bank and the finance ministry have brought to light the clash of views on certain key issues. Prime Minister Paetongtarn Shinawatra has raised concerns about central bank independence, referring to it as an “obstacle” to economic growth. This comes after her predecessor, Srettha Thavisin, was removed from office by
Pavel Durov, the billionaire founder and CEO of the popular messaging app Telegram, was reportedly arrested at Bourget airport in Paris. This incident has sparked a wave of speculation and concern about the future of the app, which has gained significant traction in regions like Russia, Ukraine, and former Soviet Union republics. Durov, who founded
Pavel Durov, the billionaire founder and CEO of the popular messaging app Telegram, was recently arrested at the Bourget airport outside Paris. This shocking development has sparked widespread speculation and concern about the future of the app and its founder. Durov, a Russian-born entrepreneur, is known for his bold and uncompromising stance on issues related
Brazil’s central bank chief, Roberto Campos Neto, has expressed concerns about recent market volatility, suggesting that it may indicate a reduced space for fiscal and monetary intervention in the future. He emphasized the importance of considering both fiscal and monetary policies together, as addressing one without the other could prove challenging in the long run.
Prime Minister Keir Starmer is set to address the British public next week with a stark warning that the road to fixing the country’s issues will not be easy. In his upcoming speech, Starmer acknowledges that “things will get worse before we get better,” emphasizing the need for patience and perseverance in tackling the deep-rooted
Federal Reserve holdings of mortgage bonds have been a central component in how monetary policy affects the economy’s momentum. This key role was highlighted in a recent paper presented at a central bank research conference. The paper examined how the Fed’s actions of increasing or decreasing its holdings of Treasury and mortgage bonds, in conjunction
The recent rally in U.S. stocks can be attributed to the dovish remarks made by U.S. Federal Reserve Chair Jerome Powell. Powell’s comments before the Jackson Hole Economic Symposium indicated a strong possibility of a rate cut in September. He emphasized the need to lower the Fed funds target rate, citing diminished upside risks of
The recent rail stoppage in Canada, caused by a labor dispute between the Teamsters union and the country’s two major freight rail operators, Canadian National Railway and Canadian Pacific Kansas City, has the potential to have a significant impact on the nation’s economy. Economists and analysts have warned that if the stoppage continues for an