Dollar languishes ahead of Fed meeting, Asian currencies calmer

Dollar languishes ahead of Fed meeting, Asian currencies calmer

TOKYO, – The dollar steadied on Wednesday before a Federal Reserve meeting to determine policy for an uncertain economy and as major investors in Asia continued cashing out of U.S. assets. News that the United States and China are due to talk on Saturday eased concerns about a trade war that has shaken investor confidence … Read more

As Federal Reserve kicks off taper, some investors seek to dial down risk

As Federal Reserve kicks off taper, some investors seek to dial down risk

NEW YORK: The Fed’s well-telegraphed taper announcement has done little to soothe the nerves of some investors, who remain on edge about stubbornly persistent inflation and are looking to trim risk as they prepare for rockier times. The Federal Reserve on Wednesday said it will begin paring back its monthly bond purchases this month with … Read more

What Jerome Powell didn’t do: Lay the groundwork for higher rates

What Jerome Powell didn’t do: Lay the groundwork for higher rates

The real news out of the Federal Reserve on Wednesday was not in what it did, but in what Chair Jerome Powell didn’t do. The thing that the Fed’s policy committee did — announce that the central bank would gradually wind down its economy-stimulating program of buying bonds — was highly telegraphed and comfortably in … Read more