Fed

Fed prepared to raise interest rates 'aggressively:' Powell

March 22, 2022 | 12:00

The US central bank is prepared to raise interest rates by bigger steps than the quarter-point hike announced last week if that is what's needed to contain "much too high" inflation, Federal Reserve Chair Jerome Powell said Monday.

Fed moves unlikely to clip fundamentals

March 22, 2022 | 08:00

The US Federal Reserve has attempted to contain inflation, which is at its highest level in 40 years, by raising its benchmark interest rate by a quarter of a percentage point last week. Its near-term effect on Vietnam’s economy, however, could be rather limited.

Turbulence expected after Fed pivot

December 21, 2021 | 09:42

Emerging economies like Vietnam will not be immune to plans by the US Federal Reserve to reduce bond purchases and rate hikes to fight against inflation pressures, with foreign indirect investment and some import- and export-reliant businesses perhaps in the firing line.

Asian markets drop after rally as traders consider higher rates

December 17, 2021 | 15:44

Asian equities mostly fell Friday, pulling back from the previous day's rally as traders consider central bank plans to combat soaring inflation by ending the era of ultra-cheap cash, while also navigating a Covid-19 infection spike that threatens an already fragile economic recovery.

Biden says will announce Fed chair in 'about four days'

November 17, 2021 | 14:53

President Joe Biden said Tuesday he will make a hotly awaited announcement on who will head the US Federal Reserve likely by the start of next week.

Asian markets down as US data strengthen call for Fed action

November 17, 2021 | 14:40

Asian markets turned lower Wednesday as a recent rally ran out of steam and investors struggled to match a strong lead from Wall Street as inflation concerns continue to drag on sentiment, though the dollar extended a rally against the yen.

Markets gain as Fed unveils taper plan, says patient on rates

November 04, 2021 | 15:57

Markets rose Thursday to track another record on Wall Street after the Federal Reserve said it would this month start tapering its pandemic support programme but would be patient in hiking interest rates as the economy continues to recover.

Fed’s fiscal tightening won’t dent Vietnam’s position

September 23, 2021 | 10:37

The US Federal Reserve warned that it will soon start to reduce, or taper, its purchases of US Treasury bonds and other securities worth $120 billion per month, also known as quantitative easing, although it has not yet announced when this will happen.

Fed alterations increase uncertainty

June 29, 2021 | 23:16

The latest initiatives of the US Federal Reserve to leave its benchmark short-term borrowing rate near zero, while signalling an imminent rate hike, is leaving other emerging economies’ central banks high and dry.

US Fed downplays inflation fears, officials see rate hikes in 2023

June 17, 2021 | 19:27

Federal Reserve Chair Jerome Powell on Wednesday once again tried to assuage fears of rising US inflation, even while a majority of central bank officials now believe interest rates will increase in 2023.

Most Asian markets up with Fed rates seen low for longer

August 28, 2020 | 11:08

Expectations US interest rates will stay ultra low for as long as needed to support the world's top economy helped lift Asian equities on Friday, though fresh virus spikes in Europe tempered gains.

Fed cut rates to near zero, Bank of Japan starts emergency meeting

March 16, 2020 | 13:02

The US Federal Reserve (Fed) cut its benchmark interest rate to near zero while the Bank of Japan has called an emergency meeting to discuss policy.

US Fed lowers key interest rate a third time

October 31, 2019 | 10:06

The US Federal Reserve cut its benchmark interest rate for the third straight time on Wednesday (Oct 30) but is likely to hold off before providing more stimulus as it gauges economic risks.

S&P 500 ends at record on hopes for US-China trade deal, Fed rate cut

October 29, 2019 | 14:45

The S&P 500 surged to a new all-time high on Monday (Oct 28) on optimism about US-China trade talks and amid expectations the Federal Reserve will cut interest rates again this week.

Asian markets mixed ahead of key Fed meeting

September 19, 2019 | 09:33

Asian equities were mixed on Wednesday (Sep 18), with attention turning to the Federal Reserve's key policy decision later in the day, while investors remain on alert for developments in the Middle East after the attack on Saudi oil facilities rocked markets.