Indonesia, Thailand Set for Rate Pause as They Await Fed Easing
(Bloomberg) -- Policymakers in Southeast Asia’s two largest economies will probably keep interest rates unchanged on Wednesday as they weigh uncertainties over political transitions while awaiting the Federal Reserve’s imminent easing.Most Read from BloombergThe Serious Work That Free Play Can Do‘Train Lovers’ Organize to Support Harris and Walz in Presidential BidPart of Downtown Montreal Is Flooded After Water Pipe BreaksClimate Disasters Are an Affordable Housing ProblemThirty-four of 36 econ
Two rate calls on deck as markets consolidate
Interest rate decisions in Thailand and Indonesia top the Asian calendar on Wednesday, as investors put the recent rebound across many markets on hold and look ahead to a keynote speech from U.S. Fed chief Jerome Powell later in the week. The global equity market picture going into Wednesday appears to be one of consolidation, while U.S. Treasury yields are retreating once again and the dollar is printing fresh lows for the year. Fed Governor Michelle Bowman, one of the most hawkish U.S. rate-setters, on Tuesday repeated that she sees upside risks to inflation and is cautious about cutting rates.
Stock market today: Indexes trade mixed after the S&P 500 hits longest winning streak of the year
The stock rally lost momentum Tuesday morning as investors gear up for the Fed's symposium in Jackson Hole, Wyoming.
5 reasons why stocks are still at risk of another sharp sell-off, Deutsche Bank says
The firm warns that many of the headwinds that catalyzed a sell-off earlier in August are still present.
S&P 500 Gains and Losses Today: Palo Alto Networks Surges After Earnings Beat
The S&P 500 slipped 0.2% on Tuesday, Aug. 20, 2024, ending a streak of eight consecutive positive trading days for the benchmark index.
These Two Stocks Plunged After Eli Lilly Drug Study Showed Diabetes Promise
Shares of two companies that provide devices for patients with diabetes fell sharply after a study showed Eli Lilly's popular drug cut diabetes risks.
Are money market accounts safe?
If you’re looking for a bank account that offers high interest rates and flexibility when it comes to accessing your money, a money market account could be the right choice. But are these accounts safe? Here’s what you need to know.
Why Intuitive Machines Popped, but Rocket Lab and AST SpaceMobile Stocks Dropped Today
These are exciting times for space stocks, but don't expect Intuitive Machines, Rocket Lab, or AST SpaceMobile to earn a profit for years.
Emerging-Market Assets Trade Mixed as Global Risk Optimism Wanes
(Bloomberg) -- Emerging-market assets showed a mix of gains and losses on Tuesday as last week’s surge in demand for risk wanes ahead of the Federal Reserve’s annual Jackson Hole meeting this week. Most Read from Bloomberg‘Train Lovers’ Organize to Support Harris and Walz in Presidential BidPart of Downtown Montreal Is Flooded After Water Pipe BreaksClimate Disasters Are an Affordable Housing ProblemThe Indonesian rupiah, Hungarian forint and Colombian peso outperformed currency peers, while the