Asian markets rallied Friday on hopes the US Federal Reserve will decide against lifting interest rates this month as officials assess the impact of more than a year of tightening. ManilaBulletin READ:
With US default worries out of the way after senators passed a debt ceiling bill for President Joe Biden to sign following months of wrangling, attention has returned to the central bank's drive to defeat decades-high inflation.
Monetary policy officials have said a softer labour market and much lower inflation were key to the bank being able to stop lifting borrowing costs. Expectations were already running high that the Fed will hold its horses on rates for the first time in more than a year when it meets later this month, but comments from two officials added to the optimism.
Malaysia Latest News, Malaysia Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
Asian rhythmic gymnastics twin events unwrap | BusinessMirrorTHE curtain rises on Wednesday for the biggest gymnastics event in the country this year—the 19th Junior and 14th Senior Rhythmic Gymnastics Asian Championships—at the Ninoy Aquino Stadium in Manila. It will be the first time the twin eve nts will be staged in the country behind the partnership between the…
Read more »
Rhythmic gymnast Breanna Labadan on track for all-around final in Asian ChampionshipsBreanna Labadan ranks seventh in the individual all-around after two apparatuses, with the top 18 advancing to the final of the Rhythmic Gymnastics Asian Championships.
Read more »
It's final: Carlos Yulo to prioritize world championships over Asian GamesGymnastics chief Cynthia Carrion says the federation is firm on sending Carlos Yulo to the world championships despite pleas from the POC for him to compete in the Asian Games.
Read more »
US debt vote passage boosts Asian markets, Fed now in viewHONG KONG, China -- Asian markets mostly rose Thursday after the US House passed a bill to avoid a painful default, as traders turn their attention to the Federal Reserve's next policy meeting and China's struggling economy.
Read more »
Zamboanga returns to action vs Chen at ONE Friday Fights 19https://www.youtube.com/watch?v=0edUqGrbpDk Drex “T-Rex” Zamboanga has been on a solid little run in ONE Championship, and he’s targeting his fourth straight win
Read more »
Pagasa: Wet, cloudy Friday in parts of PH due to ‘habagat’Severe Tropical Storm Betty, which has exited the Philippine area of responsibility, is still enhancing the southwest monsoon or “habagat”, which will trigger rainfall in many parts of the country on Friday, the state weather bureau said. | JEMendozaINQ
Read more »