Stocks Rise After Fed's Powell Lifts Rate-Cut Hopes
All three major indexes post gains after dropping to start 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 he had penciled in two interest rate cuts in 2024 during the central bank’s last forecasting round in December, but added he may reduce the number of cuts he see at the Fed’s next meeting in two weeks.
China Exports Rose in January to February, Extending Run of Gains
China’s exports rose in January to February, extending a streak of gains since snapping a six-month run of declines in November.
BOJ Board Member Nakagawa Says Japan Moving Steadily Toward Achieving Price Goal
Bank of Japan policy board member Junko Nakagawa said the Japanese economy is making steady progress toward achieving its price goal, backed by solid wage growth.
Japan Auto Stocks Fall Sharply as Yen Rebounds to One-Month High
Japanese auto stocks fell sharply as the yen rebounded to a one-month high due to growing expectations that the Bank of Japan could shift away from its ultralow interest rate policy.
Australia Will Avoid Recession Thanks to Gen X, BlackRock Says
Australia’s commodity-rich economy is on track for a soft landing, despite an alarming slowdown over the last year, supported by household savings and an injection of pension funds as members of Generation X join baby boomers in retirement, asset manager BlackRock says.
ECB Expected to Hold Rates. Like the Fed, a June Cut Is Possible.
European Central Bank President Christine Lagarde said in January that interest-rate reductions might be considered in the summer.
China Intensifies Push to 'Delete America' From Its Technology
A directive known as Document 79 ramps up Beijing’s effort to replace U.S. tech with homegrown alternatives.
The Shift That Explains Lofty Markets: The Economy Got More Productive
There is a lot of bubble talk lately, but it’s easy to tell a story of how recent market gains could be largely justified.
SEC Approves Weakened Climate Disclosure Rule
The regulator dropped a contested requirement mandating that companies report emissions from their supply chains and customers’ use of their products.
(END) Dow Jones Newswires
03-07-24 0115ET