Hints and tips:
...“The Korean stock market is still really cheap because of bad corporate governance and ineffective capital allocation,” said Darren Kang, chief investment officer at Seoul-based fund Life Asset Management...
...The IMF did, however, warn that stickier than expected inflation could slow Federal Reserve plans to reduce interest rates, a point acknowledged by Fed chair Jay Powell yesterday....
...Singapore’s prime minister Lee Hsien Loong is stepping down next month after 20 years in power, handing over to his deputy in what will be only the third transition of power in the city-state’s modern history...
...Fed chair Jay Powell emphasised on Wednesday that the central bank’s fight against inflation was “not done” and that more proof was needed that price pressures were easing before rate cuts could be considered...
...Others have expressed concern at the potential ratcheting up of tensions with China and the ditching of Federal Reserve chair Jay Powell....
...Powell was followed today by the head of the Minneapolis Fed, who said policymakers should not rush to cut rates....
...Federal Reserve chair Jay Powell told US senators yesterday that the Fed was “in the right place” in its fight against inflation and was “not far” from having the confidence to start cutting rates....
...US Federal Reserve chief Jay Powell appeared to hose down any lingering hopes of early interest rate cuts by telling lawmakers that progress on reaching its 2 per cent inflation goal was not “assured”....
...Shale was “long considered a cash furnace” by investors, as our former colleague Jamie Powell wrote....
...Need to know: Global economy US Federal Reserve chief Jay Powell echoed his ECB counterpart by warning against being “misled” by good data on prices, saying the goal of returning inflation to its 2 per...
...Today’s top stories Federal Reserve chief Jay Powell said US inflation was still too high in a hawkish speech at the Jackson Hole gathering of central bankers....
...US Federal Reserve chief Jay Powell pushed back on speculation that the Fed had won its fight against inflation, saying it was “premature” to rule out further interest rate rises....
...The Federal Reserve is widely expected to raise interest rates by another quarter of a percentage point on Wednesday but investors will be watching for clues from chair Jay Powell as to whether the rise...
...Central banks: Federal Reserve chair Jay Powell gives the opening remarks at a Washington event hosted by the US central bank....
...“We have growing confidence,” noted HSBC, quoting Fed chair Jay Powell’s remarks at a January meeting....
...Today’s top stories Fed chair Jay Powell told the US Congress that the June pause in rising interest rates was “prudent” but that the battle against inflation was not yet over....
...Fed chair Jay Powell struggled to explain the “hawkish pause”, leaving a former official to describe the move as “a policy mistake wrapped in a communication error”....
...Asian emerging markets may have been hurt by risks associated with their giant neighbour China, but their resilient fundamentals are set to support long-term gains, writes the Bank of Singapore’s Eli Lee...
...Lucy Powell, shadow leader of the House of Commons, is discussing with each policy team whether their main proposals need legislation and, if so, how urgently they would need to be prioritised....
...Fed chair Jay Powell raised expectations that a pause in the rate-tightening cycle was on the horizon....
...George Parker Well, I think I’m gonna be selling Darren Jones this week....
...Meanwhile, I’ll be keeping tabs on: US Federal Reserve: Chair Jay Powell testifies today before the Senate Banking Committee as fellow Fed officials hint at keeping interest rates higher for longer....
...But Vyas-Lee warns: “The fallout of not doing that will cost you.”...
...Fed chief Jay Powell suggested this week bigger rate rises might be necessary to cool the economy, telling Congress he would be watching today’s jobs figures closely, alongside inflation and retail sales...
...US Federal Reserve chief Jay Powell warned of a return to bigger rate rises if the economy continued to grow too quickly. Attention now turns to Friday’s non-farm payroll and unemployment data....
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