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Federal Reserve pauses but projects two more rate hikes this year

In line with investor expectations, the Federal Reserve decided to pause its interest rate hike campaign at its June Federal Open Market Committee meeting. However, the Fed's Summary of Economic Projections indicates the central bank will pass another two rate hikes this year. The current interest rate target of 5% to 5.25% would reach the terminal rate of at least 5.5% to 5.75% by the year's end, according to the overwhelming majority of meeting participants.

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Philippine stocks climb before US inflation data - BusinessWorld Online

Philippine stocks climb before US inflation data - BusinessWorld Online
bworldonline.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from bworldonline.com Daily Mail and Mail on Sunday newspapers.

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Focus is on primary, munis outperform UST

The Investment Company Institute reported investors pulled another $374 million out of municipal bond mutual funds in the week ending May 31, after $671 million of outflows the previous week

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USD/CNH renews six-month high above 7 1500 as Fed vs PBoC divergence is likely to widen

USD/CNH remains on the front foot at the highest levels in six months, mildly bid near 7.1530 during early Thursday, as fears of the Federal Reserve’s

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EUR/USD bulls eye 1 0730 despite firmer yields, hawkish Fed bets, focus on EU GDP, ECB concerns

EUR/USD renews intraday high around 1.0710 as bulls keep the reins for the second consecutive day amid early Thursday. In doing so, the major currency

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