Morning Bid: US rate cuts loom as BoJ warns of hikes
Asia investors will digest the near certainty of a September loosening of U.S. monetary policy on Monday after a speech by U.S. Federal Reserve Chair Jerome Powell on Friday confirmed that the United States is ready to begin cutting interest rates.
Ueda's comments came as data showed Japan's core inflation accelerated for a third straight month in July, with a slowdown in demand-driven price growth potentially complicating the central bank's decision on further rate hikes. On China's commercial banking front, Bank of China Vice Chairman and President Liu Jin resigned on Sunday. The state-owned lender said its board had approved Chairman Ge Haijiao to serve as acting president.
Contracts for a win by Trump, who has suggested he would impose tariffs of 60% or higher on all Chinese goods, are at 49 cents.
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.
Morning Bid: BOJ hikes, Fed nextMorning Bid: BOJ hikes, Fed next
Read more »
JPY: A follow-up to yesterday's BoJ decisionOn Wednesday morning, the Bank of Japan (BoJ) delivered a hawkish surprise.
Read more »
Morning Bid: The softest of soft landingsMorning Bid: The softest of soft landings
Read more »
Morning Bid: US soft landing hopes lift EM assetsMorning Bid: US soft landing hopes lift EM assets
Read more »
Morning Bid: Growth fears fade as quickly as they comeMorning Bid: Growth fears fade as quickly as they come
Read more »
Morning Bid: Markets shift to holiday moodMorning Bid: Markets shift to holiday mood
Read more »