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WASHINGTON: The twin surprises of weak jobs growth and strong inflation in April has not dented the U.S. central bank's plans to keep its support for the economy wide open, Fed vice chair Richard Clarida said on Wednesday, adding it will still be "some time" before the economy is healed enough for that to change.
Investors seem fixated on price pressure markers
Asian stock markets were mixed Wednesday in light trading while China and Japan were closed for holidays.
WASHINGTON: U.S. Treasury Secretary Janet Yellen (pic) said on Tuesday she sees no inflation problem brewing, downplaying earlier comments that rate hikes may be needed to stop the economy overheating as President Joe Biden's spending plans boost growth.
Asian shares were mostly higher on Tuesday after strong corporate earnings and economic data lifted stocks on Wall Street.
WASHINGTON (Reuters) - The U.S. nonprofit Digital Dollar Project said on Monday it will launch five pilot programs over the next 12 months to test the potential uses of a U.S. central bank digital currency, the first effort of its kind in the United States.
SYDNEY: Asian share markets got off to a slow start on Monday as holidays in China and Japan crimped volumes and investors awaited a raft of data this week which should show the U.S. leading a global economic recovery.
HONG KONG (AFP): Asian markets mostly fell Monday (May 3) following a soft lead from Wall Street, hit by profit-taking and lingering inflation worries.