HONG KONG, Sept 17 — Most Asian markets rose today but Tokyo sank more than one per cent as exporters were hit by a stronger yen with traders gearing up for a bumper US...
PM Anwar: Halal no longer merely abstaining from pork and alcohol, industry can be inclusive by reaching even the poorest in society
Bets on the Federal Reserve slashing borrowing costs by as much as half a percentage point have jumped in recent days, with observers suggesting officials want to front-load an expected series of reductions. Bank boss Jerome Powell has already suggested officials will begin cutting, but debate has focused on whether they will go for 25 basis points or 50, with some warning that the bigger option could signal there is some concern about the economy.
“With a 50-basis-point cut looking like a sure thing, disappointment could be on the horizon if the Fed pulls back with a mere 25 basis points. Officials in Tokyo are forecast to stand pat but a surprise move in July sparked turmoil on global markets and led to the massive unwinding of so-called yen carry trades in which investors use the cheap currency to buy high-yielding assets such as stocks.
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