Central banking
- Fed minutes show officials were in tight split over December rate cut - The Federal Reserve on Tuesday released minutes from its December meeting.
- Asia markets set to open higher with holiday-thinned trade - Australia and Hong Kong markets were closed for the holidays.
- Bank of Japan raises benchmark rates to highest in 30 years, lifting 10-year JGB yield past 2% - The hike comes against the backdrop of rising inflation and a weak Japanese economy.
- Fed's Goolsbee explains vote against rate cut, says central bank should have waited - Chicago Federal Reserve President Austan Goolsbee spoke Friday morning on CNBC.
- India’s inflation rises to 0.71% in November as decline in food, fuel prices loses steam - India's inflation in November rose after touching an all-time low in October due to rise in prices of food items, fuel.
- Divided Fed approves third rate cut, sees slower pace ahead - The Federal Reserve on Wednesday released its interest rate decision.
- The Fed decision is expected to feature a rate cut and a lot more. Here's what to expect - The central bank is poised to deliver its third straight interest rate cut Wednesday, while firing a warning shot about what's ahead.
- India cuts rates to 5.25% as expected as central bank flags ‘weakness in some key economic indicators’ - India's central bank cut its policy rate by 25 basis points to 5.25%, matching forecasts from economists polled by Reuters.
- Asia markets mostly rise after Wall Street gains on rate-cut hopes fueled by weak jobs data - The ADP report is the last jobs picture the Federal Reserve gets before it meets Dec. 9-10. Markets are now pricing in an 89% chance of a cut.
- AI stock rally may be driven by fear of missing out, but strategists say hold tight - The European Central Bank on Wednesday warned of high valuations and increased concentration of global stocks.