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US Federal Reserve

US Federal Reserve
Founded in 1913, the Federal Reserve is the central banking system for the United States.
Luxury waterfront condomiums in the residential enclave of Sentosa Cove in Singapore in 2021. Photo: NurPhoto via Getty Images
Asia housing and property

The View | 3 Asian property markets could offer shelter from Trump’s tariff storm

Although no property market is fully shielded from the trade shock, Asia’s real estate sector has strong and diverse sources of resilience.

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US-China trade war

Opinion | At the rate Trump’s going, a global recession will be hard to sidestep

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Hong Kong housing

US-China trade war could hurt Hong Kong housing demand: think tank

Banking & finance

Macroscope | Trump threatening the Fed shows where political risks really lie

The erosion of governance standards in the US shows advanced markets have more consequential political risks than many emerging economies.

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US Federal Reserve chair Jerome Powell speaks to the press in Washington, on September 18, 2024. US President Donald Trump has accused the Fed of dragging its feet in loosening monetary policy. Photo: Reuters
US-China relations

Letters | Hopes for US-China cooperation rest on true understanding

Readers discuss the lack of understanding of Chinese aspirations in the West, how Trump’s trade war could backfire, and Hong Kong’s US dollar peg.

United States

‘Going to get worse’: Americans sour on ‘erratic’ Trump’s handling of economy

A new poll shows only 37 per cent of American approve of Trump’s handling of the economy amid recession fears and trade war concerns.

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Donald Trump

Trump says he has ‘no intention’ of firing US Federal Reserve chair

The US president had earlier spooked markets by saying he would like to remove central bank head Jerome Powell.

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US President Donald Trump looks on as Jerome Powell speaks at the White House in November 2017. Photo: Reuters
Hong Kong property

21,000 Hongkongers vie for 329 new homes at SHKP’s Sierra Sea

The pricing is about 20 per cent below second-hand properties in the district in the New Territories, Midland Realty says.

Donald Trump

Explainer | Does Trump have authority to sack US Fed boss Jerome Powell?

The two men are at loggerheads over interest rate cuts and Trump’s power to fire Powell is unclear as no US president has done this before.

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United States

Trump’s Fed feud sparks market turmoil, dollar dips, gold hits record high

Gold soared as investors fled US assets amid fears of Federal Reserve interference.

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A trader works on the floor of the New York Stock Exchange at the opening bell on Monday. Photo: AFP
United States

French minister warns Trump: firing Powell risks destabilising US economy

The US president has clashed with the Federal Reserve chair over interest rates, threatening ‘termination couldn’t come quickly enough’.

Federal Reserve Chairman Jerome Powell. Photo: Getty Images
United States

Trump goes to war with the US Federal Reserve: a ‘recipe for disaster’?

The president’s conflict with the Fed could threaten the central bank’s independence and destabilise US financial markets, analysts warn.

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Donald Trump

Trump studying whether to fire Fed chair Powell, adviser says

A bid to remove Powell would threaten the Fed’s independence and could further roil markets already battered by Trump’s tariff war.

United States

S&P 500, Nasdaq gain on boost from US-Japan tariff talks

Indexes had extended losses on Wednesday after US Fed chair Jerome Powell warned Trump’s trade policies risked pushing inflation.

Traders work at the New York Stock Exchange on Thursday. Photo: Reuters
Banking & finance

Opinion | How Trump is chipping away at the US’ safe-haven status

Trump’s erratic policymaking is a risk typically associated with economically vulnerable autocracies in the developing world.

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A view of the Federal Reserve building in Washington in 2018. Photo: Reuters
Donald Trump

Trump slams US Fed chair Powell, urges ‘termination’ for slowness

It was not immediately clear if Trump was referring to the scheduled end of Powell’s term, or if Trump was seeking to remove Powell as chair.

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United States

Wall Street sinks after US Fed warning, as Nvidia leads decline in tech stocks

Chairman Jerome Powell says the US central bank will not intervene to calm markets roiled by Trump’s tariff war.

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Banking & finance

US Treasury market sees historic yield curve steepening amid Trump’s trade war

Investors demanding higher yield to own 30-year Treasuries over two-year maturities has increased for nine straight weeks.

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The appeal of long bonds dimmed last week in part on speculation that Trump’s tariffs will sap international demand for Treasuries. Photo: Reuters
United States

US stocks open lower day after Trump pauses tariffs

All three major indices were firmly in the red after notching some of the biggest single-day gains in history in the prior day.

US-China trade war

Opinion | Why China can and should go all out against Trump in his trade war

China has all the cards and the confidence; but for the US, the likely outcome is the bursting of the US financial bubble and the dollar’s demise.

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United States

Stocks are making wild swings as markets assess damage from Trump’s trade war

Trump’s tariff blitz fulfilled major campaign promise as he acted without Congress to redraw rules of the international trading system.

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A trader works on the floor of the New York Stock Exchange at the opening bell in New York City on Monday. Photo: AFP
Digital currencies

Hong Kong remains upbeat on Web3 amid crypto market turmoil from US tariffs

Officials again touted the strength of the local Web3 industry, while Binance founder CZ avoided the event despite recent activity in the city.

Financial Secretary Paul Chan speaks at the Hong Kong Web3 Festival on April 7, touting the city’s commitment to the blockchain industry amid recent turmoil. Photo: Handout
Donald Trump

Trump hits golf course as stocks plummet for a second straight day over tariffs

The US president shared a TikTok video that claimed he was crashing the stock market on purpose as part of a ‘secret game’.

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United States

US Fed chair warns tariffs likely to push up inflation as Trump urges rate cuts

Powell’s comments suggest the Fed is in no rush to cut its benchmark lending rate from its current elevated level of between 4.25 and 4.5 per cent.

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United States

US market extends drop as strong jobs report fails to soothe tariff fears

The S&P 500 Index and Nasdaq 100 Index futures sank as China imposed a 34 per cent tariff on all American imports.

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A screen shows the Dow Jones Industrial Average on the floor of the New York Stock Exchange on Thursday. Friday’s losses follow a massive wipe out by US stocks on Thursday that erased US$2.5 trillion in value in the wake of Trump’s drastic new trade tariffs which ignited widespread recession fears. Photo: EPA-EFE
United States

Dow drops 1,600 as US stocks lead worldwide sell-off from Trump tariffs

Wall Street plunged as Trump’s new tariffs sparked fears of a global recession, with the S&P 500 and Dow Jones suffering their worst drops since 2020.

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Traders on the floor at the Opening Bell of the New York Stock Exchange on Thursday. Photo: EPA-EFE
China's economic recovery

China’s capital outflow pressure may continue for now, top economists warn

Article on social media suggests US policy, low consumer sentiment will continue to motivate capital flight, though movement is likely to be slower.

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Banking & finance

Macroscope | World is ready to cut US dollar down to size – but not too quickly

The US dollar is too central to the global financial system for the so-called Mar-a-Lago Accord to find traction outside the US. But the search is on for alternatives.

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