Asia-Pacific markets are set to rise as investors look ahead to key U.S. consumer inflation data.
Federal Reserve officials at their September meeting differed on the need for more policy tightening, but indicated rates would need to stay elevated until the policymakers are convinced inflation is heading back to 2%. One more hike would be likely, minutes released Wednesday showed.
'A majority of participants judged that one more increase in the target federal funds rate at a future meeting would likely be appropriate, while some judged it likely that no further increases would be warranted,' the summary of the Fed's Sept. 19-20 policy meeting stated. Read more about the Fed's meeting here . — Jeff Cox, Pia Singh
United States Latest News, United States Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
Google’s Asia-Pacific Women Founders Fund Picks First Batch Of AI StartupsI'm an associate editor at Forbes, based in Hong Kong, covering Asia's most successful businesspeople and up-and-coming entrepreneurs. I edit the Korea's 50 Richest and 100 to Watch lists, and help research and write other Asia-related lists, including 30 Under 30 Asia and Hong Kong's 50 Richest. Previously I was a reporter covering law firms at Thomson Reuters and The American Lawyer's Law.com. You can email me at jkang[at]forbes.com and follow me on Twitter johnhjkang.
Read more »
Lidia makes landfall as Category 4 hurricane on Mexico's Pacific coast before weakeningIts arrival came on the heels of Tropical Storm Max, which hit the southern coast of Mexico on Monday, several hundred miles from Jalisco, before tapering off.
Read more »
San Diego Unified breaks ground in Pacific Beach for modernized schoolSan Diego Unified School District continues its investment in school rebuilding and renovation projects breaking ground at Pacific Beach Elementary.
Read more »
Guillermo del Toro didn't direct Pacific Rim: Uprising because of a clerical errorThe Pan's Labyrinth director hasn't even watched the sequel to his 2013 blockbuster
Read more »
Guillermo del Toro didn't direct the Pacific Rim sequel for a very silly reasonguillermo del toro didn't direct the pacific rim sequel for a very silly reason
Read more »
Hurricane Lidia strengthens into major hurricane as it approaches Puerto Vallarta along Mexico's Pacific coastHurricane Lidia continued to gain strength as it tracked toward the Mexican resort town of Puerto Vallarta on Tuesday.
Read more »