Oil climbed and most stocks in Asia followed losses on Wall Street as concerns mounted that an escalation of tensions in the Middle East will trigger a more direct US involvement. West Texas Intermediate crude rose as much as 1.1% in early trading Wednesday after settling at the highest in almost five months the previous … Read more
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
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
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