Why Central Bankers Are Unsure They’ve Raised Rates Enough
At Jackson Hole, they expressed uneasy optimism that interest rates have peaked in the fight against inflation.
Long-term interest rates are threatening to rise on Wall Street
There is growing expectation in the futures markets that interest rates could remain high for longer, putting pressure on equities.
The Fed’s Inflation War, China’s Emerging Markets Weakening Hammer
Once optimistic, now disappointed investors dump Asian, African and Latin American assets.
Powell says the Fed will “proceed cautiously” with further rate hikes
Federal Reserve Chairman Jerome Powell warned that past rate hikes have not yet fully slowed the economy, an argument for keeping rates steady for now.
Gina Raimondo says China visit aimed at protecting US economic interests
The US Commerce Secretary said she would use a four-day visit to China to ease strained relations between the two countries.
Japanese companies are making big promises to boost their share prices
The Tokyo Stock Exchange has urged them to pay more attention to market valuation and shareholder returns.
The “Fidelity Mafia” behind Big Crypto
Some of the most prominent players in the digital asset space have made their names at mutual fund giant Fidelity Investments.
The Communist Party’s priorities complicate plans to revitalize China’s economy
Ideology is driving Beijing’s economic policy to a degree not seen since opening up to the West nearly half a century ago.
Ukrainian farmers are estimating the cost of failing the grain deal
Russia’s exit from the Black Sea Export Agreement and its attacks on Ukrainian ports have resulted in reduced revenues and higher costs in Ukraine’s agribusiness.
Consumers are spending like it’s 2019
In a post-pandemic world, shoppers have changed their buying habits and let retailers down.
(ENDS) Dow Jones Newswires
8/27/23 2115ET
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