Commodities will advance this year as central banks in the US and Europe move to reduce interest rates, helping to support industrial and consumer demand, according to Goldman Sachs Group Inc.
The US Federal Reserve could provide additional clues on Wednesday about how much it will cut interest rates this year, but it is almost certain to leave its key lending rate unchanged for the time being.Following two days of debate, the Fed's rate-setting Federal Open Market Committee (FOMC) will publish its interest rate decision Wednesday, along with an updated summary of economic projections (SEP) that includes policymakers' interest rate expectations for 2024 and beyond.The US central bank...
The Federal Reserve left interest rates unchanged at a 23-year high, but it's still penciling in three rate cuts this year.
Markets will continue to rally even if the Fed chooses not to cut interest rates this year, according to Steven Blitz, TS Lombard's chief U.S. economist.
China said Tuesday the United States had "no right" to interfere in the South China Sea, after Secretary of State Antony Blinken said Washington stood by its commitments to defend the Philippines against armed attack in the disputed waterway. "The United States is not a party to the South China Sea issue and has no right to interfere in maritime issues that are between China and the Philippines," foreign ministry spokesman Lin Jian told a regular press conference in Beijing. Blinken is in the...
BEIJING: China said Tuesday the United States had "no right" to interfere in the South China Sea, after Secretary of State Antony Blinken said Washington stood by its commitments to defend the Philippines against armed attack in the disputed waterway."The United States is not a party to the South China Sea issue and has no right to interfere in maritime issues that are between China and the Philippines," foreign ministry spokesman Lin Jian told a regular press conference in Beijing.Blinken is in...
Inflation fell sharply last year but progress has stalled in recent months.
The Fed Funds rate remains between 5.25% and 5.5%, matching its highest level since 2001.
The Fed's decision comes as markets grow increasingly nervy about the persistence of inflation after two consecutive overshoots.
Chinese Ex-Trade Minister Who Backed Trump Warns US That 'Dismantling' Global Trade Is Blowing Back On Ordinary Americans President Joe Biden in late February said "unprecedented action" is being taken in response to an emerging scenario where "China’s policies could flood our market with its vehicles, posing risks to our national security." He said at the time, "China is determined to dominate the future of the auto market, including by using unfair practice." This is but one...
This live blog is now closed. For more on the US’s vetoed UN resolution, you can read our latest reporting:US resolution on Gaza ceasefire vetoed at UN by Russia and ChinaExplainer – Why did Russia and China veto US’s Gaza ceasefire resolution?The Palestinian news agency Wafa reports that “hundreds of worshipers” were “blocked” from reaching the al-Aqsa mosque compound by Israeli forces on Friday.According to Wafa: “Eyewitnesses reported that Israeli forces significantly increased their military...
US and British officials on Monday filed charges, imposed sanctions, and accused Beijing of a sweeping cyberespionage campaign that allegedly hit millions of people including lawmakers, academics and journalists, and companies including defense contractors. Authorities on both sides of the Atlantic nicknamed the hacking group Advanced Persistent Threat 31 or "APT31", calling it an arm of China's Ministry of State Security. Officials reeled off a laundry list of targets: White House staffers, US...