Timur Baig, managing director of DBS Bank in Singapore, told CNBC Thursday that a weak exchange rate in the face of a strong US dollar is a bigger concern for Asia than inflation. “We are not particularly concerned about the policy driving inflation, but the weak exchange rate, the depletion of dollar liquidity, and those …
Economist says dollar strength is more worrying than inflation in Asia Read More »
Investors reacted as if Federal Reserve Chairman Jerome Powell’s press conference on Wednesday was peaceful, but many economists believe it was on the hawkish side of the street. Here are some key points from Powell’s hour-long discussion with reporters on the state of the economy and central bank policy: Read: Federal Reserve raises interest rates …
Was Fed Chairman Powell a pacifist or not? 4 key tips from Wednesday’s press conference Read More »
Numbers: The S&P CoreLogic Case-Shiller 20-city index slowed to 20.5% year-over-year in May, down from 21.2% the previous month. In May, the index of 20 cities rose by a seasonally adjusted 1.3%, down from 1.7% in April. Standard & Poor’s said annual growth in May was the second-highest for its 20-city index. April’s gain was …
US home price growth eases in May from record high: Case-Shiller Read More »
Welcome! Welcome back to Distributed Ledger, the weekly crypto newsletter that hits your inbox every Thursday. I’m Francis Yu, MarketWatch’s Crypto Correspondent, and I’ll update you on the latest news in this bear market. Find me on Twitter at MustafaHosny Oh God, Amen To send feedback, or tell us what you think we should cover. …
