News

Two rate calls on deck as markets consolidate

Interest rate decisions in Thailand and Indonesia top the Asian calendar on Wednesday, as investors put the recent rebound across many markets on hold and look ahead to a keynote speech from U.S. Fed chief Jerome Powell later in the week. The global equity market picture going into Wednesday appears to be one of consolidation, while U.S. Treasury yields are retreating once again and the dollar is printing fresh lows for the year. Fed Governor Michelle Bowman, one of the most hawkish U.S. rate-setters, on Tuesday repeated that she sees upside risks to inflation and is cautious about cutting rates.

Are money market accounts safe?

If you’re looking for a bank account that offers high interest rates and flexibility when it comes to accessing your money, a money market account could be the right choice. But are these accounts safe? Here’s what you need to know.