Stocks Rise After Fed's Powell Lifts Rate-Cut Hopes
All three major indexes rose after falling earlier in the week.
Fed's Kashkari says it's possible he pencils in only one interest-rate cut this year
Minneapolis Fed President Neel Kashkari said Wednesday that the central bank’s last forecast round in December decided on two rate cuts in 2024, but that the next meeting in two weeks could reduce the number of rate cuts. He added that it is sexual.
China Exports Rose in January to February, Extending Run of Gains
China’s exports increased from January to February, extending their streak of growth after hitting a sixth consecutive month of decline in November.
BOJ Board Member Nakagawa Says Japan Moving Steadily Toward Achieving Price Goal
Junko Nakagawa, a member of the Bank of Japan’s policy committee, said that the Japanese economy is making steady progress toward achieving its price target on the back of solid wage increases.
Japan Auto Stocks Fall Sharply as Yen Rebounds to One-Month High
Japanese auto stocks fell sharply as hopes rose that the Bank of Japan could shift away from its ultra-low interest rate policy and the yen rebounded to a one-month high.
Australia Will Avoid Recession Thanks to Gen X, BlackRock Says
Asset manager BlackRock says Australia’s resource-rich economy continues to see strong household savings and pension injections as Generation X joins baby boomers in retirement, despite an alarming slowdown last year. It is said to be supported and on track for a soft landing.
ECB Expected to Hold Rates. Like the Fed, a June Cut Is Possible.
European Central Bank President Lagarde said in January that interest rate cuts could be considered in the summer.
China Intensifies Push to 'Delete America' From Its Technology
The directive, known as Document 79, strengthens Beijing’s efforts to replace U.S. technology with domestic alternatives.
The Shift That Explains Lofty Markets: The Economy Got More Productive
There’s a lot of talk about bubbles these days, but it’s easy to talk about how the recent market rally is justified.
SEC Approves Weakened Climate Disclosure Rule
Regulators have dropped contentious requirements that forced companies to report emissions from their supply chains and customers’ use of their products.
(Ended) Dow Jones News
03-07-24 0115ET
