ECONOMY & MARKETS

Asian markets fell Tuesday on concerns over interest rates following hawkish comments by a senior Federal Reserve official indicating the central bank was likely to keep them higher for longer.

The CEO of JPMorgan said in an interview with Bloomberg TV that the bank will try to redeploy people affected by AI.

Companies are increasing production to prepare for higher demand at the end of the year.

Congress will continue discussing a new bill to fund the government in 2024; OPEC+, Russia and allies are meeting.

The August core Personal Consumption Expenditure (PCE), which excludes food and energy, rose 0.1% from July, half of the June-July rise and half of analysts' estimates.

Asian markets were mixed Monday after the US Congress passed a last-minute deal at the weekend to avoid a costly government shutdown.

The U.S. Treasury secretary said the shutdown threatens economic progress.

Members of the Republican party joined Democrats to reject the stopgap measure aimed at avoiding the shutdown.

Approximately 7,000 workers will join the walkout, which is now in its third week.

The core PCE had the smallest gain in two years on a monthly basis.

House Speaker McCarthy signals he's opposed to the Senate resolution to prevent a shutdown.

The index that follows signed contracts for home sales fell in all regions of the U.S.

After a two-week visit to Sri Lanka, an IMF team said the South Asian country failed to make enough progress in boosting tax collection and other economic reforms. Despite encouraging signs of improvement, Sri Lanka's recovery is "not yet assured" after the first review of its $2.9 billion bailout.

The House Speaker rejected Senate's alternative plan to temporarily fund the government.

The report shows that demand for military equipment is helping the manufacturing industry.

The CEO of JPMorgan said in an interview with Times of India that the worst-case scenario is high rates with stagflation.

Prospective homebuyers are avoiding making purchases amid two-decade high mortgage rates and record-low inventories.

Once upon a time, China's leadership could swiftly address the country's economic problems. It could quickly turn economic slowdowns into booms.

The lush palm groves of Karima are a long way from Sudan's battlefields, but the war's effects are all too present, leaving farmers struggling to find buyers for this year's harvest.

September is usually a dismal time for investors. It's the month after the end of the summer when money managers make portfolio adjustments and trade volume picks up.

Michelle Bowman and Susan Collins said that inflation is expected to remain above target for long period.

Eurozone economic activity shrank further in September but the rate of decline has slowed, a key survey showed on Friday.

The Bank of Japan stuck to its ultra-loose monetary policy Friday, though officials face increasing pressure to turn more hawkish as the yen weakens and after fresh data showed inflation remained stubbornly high.

As Hong Kong's economic freedom declines due to the Chinese government's restraints on tenets that affect Hong Kong's economy, Singapore's improvements in government and regulations have allowed it to blow out HK's 53-year candle.

The pause comes after 14 consecutive increases as consumer prices in the UK rise less than expected.

Noting that only a fraction of the PLI incentives has been claimed so far, the Indian government is looking to allocate the unused funds in new sectors to boost local manufacturing.

After 11 interest rate increases since March last year, inflation has fallen sharply but remains stuck stubbornly above the Fed's long-run target of two percent per year -- keeping pressure on officials to consider further policy action.

Analysts expect the US Federal Reserve to pause interest rate hikes on Wednesday as the central bank looks to tame inflation while avoiding a recession, despite a recent energy-fueled rise in consumer prices.

The gains in gasoline prices place the nation's central bank on alert for a resumption of inflation, making the September interest rate hike a hawkish rather than a dovish pause.