Front of the new congress. She hints at any rate hike in the next few months. And shares in toshiba nosedive yet again as the japanese conglomerate faces a 6 billion write down. It is Asia Business report. Good morning, asia. Hello, world. Markets have been buzzing overnight as the head of the Us Central Bank said an Interest Rate rise could come as early as next month. In the sme annual testimony to congress, janet yellen set of hawkish tone, saying it is unwise to wait too long to hike rates. Financial stocks in the us lifted. The broader s p index closing higher for a fourth consecutive session. This is how asian shares are trading in early trade on wednesday. All in positive territory. More analysis in a moment but that hear what she had to say. As i noted on previous occasions, waiting too long to remove accommodation would be unwise. Potentially requiring the fomc to raise rates rapidly which could risk disrupting Financial Markets and pushing the economy into recession. At our u
This past week in the financial markets has been nothing short of a rollercoaster, with Dollar clinching the title of the strongest currency amidst considerable volatility. The narrative that dominated was the dissipating likelihood of a March rate cut by Fed. But at the same time, investor sentiment took an unexpectedly optimistic turn, propelling stock markets to reach records. This unusual alignment of stock market exuberance with a strengthening Dollar raises questions about the sustainability of such a trend, considering their historically contrary movements.
U.S. Consumers Happy to Keep Spending; Inflation Remains Too High for Fed s Kashkari By James Christie Good day. U.S. retail sales data reported yesterday provided further evidence of a. -Today at 07:16 am- MarketScreener