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The Federal Reserve is likely to continue its steep interest-rate hikes in order to curb inflation, despite strong US jobs growth tempered by recession fears. The Federal Reserve is likely to continue its steep interest-rate hikes in order to curb inflation, despite strong US jobs growth tempered by recession fears. On Friday, the US non-farm payrolls went up by more than double what economists had predicted, as the US non-farm payrolls jumped by more than double what economists had predicted...

The dollar went for its best rally against the yen since mid-June on Monday, buoyed by higher Treasury yields after the U.S. jobs data lifted expectations for more aggressive Federal Reserve policy tightening. The dollar went for its best rally against the yen since mid-June on Monday, buoyed by higher Treasury yields after the U.S. jobs data lifted expectations for more aggressive Federal Reserve policy tightening. The greenback was last 0.31% higher at 135.42 yen, and rose earlier to 135.585...

FILE PHOTO Pedestrians are reflected in a window in front of a board displaying stock prices at the Australian Securities Exchange in Sydney. FILE PHOTO Pedestrians are reflected in a window in front of a board displaying stock prices at the Australian Securities Exchange in Sydney. SYDNEY Reuters Asian share markets made a stuttering start on Monday and the dollar held firm after a stunning U.S. payrolls report pushed back against talk of recession but also bolstered the case for more super-sized...

On Monday, the stock market in Asia looks set for a cautious start following a jump in Treasury yields and the dollar on the back of expectations of further aggressive Federal Reserve interest-rate hikes to tame elevated inflation. On Monday, the stock market in Asia looks set for a cautious start following a jump in Treasury yields and the dollar on the back of expectations of further aggressive Federal Reserve interest-rate hikes to tame elevated inflation. S&P 500 and Nasdaq 100 contracts declined...

The RBI private lender and state-owned and raised lending rates after a 50 basis point rate hike. Istanbul on Friday, the Monetary Policy Committee of RBI raised the target rate to 5.40 per cent from 4.90 per cent, taking the benchmark policy rate to a three-year high. The RBI private lender and state-owned and raised lending rates after a 50 basis point rate hike. On Friday, the Monetary Policy Committee of RBI raised the target rate to 5.40 per cent from 4.90 per cent, taking the benchmark...

... scheduled meeting, which is set to conclude on September 21. The Fed funds futures now assign a 70% chance of a 0.75% move in September, a significant change from the 0.50% move markets were pricing prior to Friday s jobs report. Since shorter-term Treasuries like the U.S. 2 year tend to closely track the Fed's policies on the federal funds rate, this repricing of expectations for rate moves from the Fed is also behind the movement in bond markets. The yield curve was inverted, and now it's actually ...

Labour wants Rishi Sunak to be more transparent about his finances after he was unable to answer questions about the source of hundreds of thousands of pounds he loaned to a company he shared with his wife. Labour wants Rishi Sunak to be more transparent about his finances after he was unable to answer questions about the source of hundreds of thousands of pounds he loaned to a company he shared with his wife. The move has resulted in him being routinely referred to as the UK's richest MP, as...

One thing has remained the same through the turmoil of the past few months: the decline of the rupee against the US dollar. One thing has remained the same through the turmoil of the past few months: the decline of the rupee against the US dollar. The downward ride is not over yet, and experts say that the Indian currency has touched new all-time lows in recent months. Finance Minister Nirmala Sitharaman told the Lok Sabha that the rupee has declined by about 25 per cent against the dollar since...