Federal Reserve officials indicated at their last meeting that they would need to raise interest rates soon unless there was more progress on bringing down inflation, minutes released Wednesday showed.
BEIJING — Chinese government bonds can play an important role in portfolio diversification as they are likely to continue behaving differently from other countries' debt, strategists say.
The U.S. economy surprisingly shed jobs in July, and it's leading investors to think that an interest rate hike by the Federal Reserve in September is increasingly unlikely.
Philadelphia Federal Reserve President Anna Paulson said Tuesday that she thinks the current level of interest rates is sufficient to keep inflation moving toward the central bank's goal.
