The yen touched a three-month low on Monday as Japan’s ruling coalition lost its parliamentary majority and investors figured that would likely slow future interest rate hikes, while the dollar headed for a monthly gain on rising U.S. yields. On the dollar, the yen hit its weakest since late July at 153.3 in early-morning trade … Read more
“It is in the interest of investors to have a diversified portfolio in terms of asset allocation. Given the 250bps interest rate hike by RBI, the appeal of fixed income investments will increase,” says S P Prabhu, Chief Investment Officer, Ageas Federal Life Insurance. In an interview with ETMarkets, Prabhu said: “The last couple of … Read more
The U.K. central bank may opt to raise rates by as much as 1 percentage point to show it is serious about tackling inflation The U.K. central bank may opt to raise rates by as much as 1 percentage point to show it is serious about tackling inflation The Bank of England has announced its … 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