News

Wall Street has a lot at stake in this presidential election. Find out which candidate leaders like Ken Griffin and Jon Gray are backing and why.

(Bloomberg) -- Policymakers in Southeast Asia’s two largest economies will probably keep interest rates unchanged on Wednesday as they weigh uncertainties over political transitions while awaiting the Federal Reserve’s imminent easing.Most Read from BloombergThe Serious Work That Free Play Can Do‘Train Lovers’ Organize to Support Harris and Walz in Presidential BidPart of Downtown Montreal Is Flooded After Water Pipe BreaksClimate Disasters Are an Affordable Housing ProblemThirty-four of 36 econ

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.

The stock rally lost momentum Tuesday morning as investors gear up for the Fed's symposium in Jackson Hole, Wyoming.

The firm warns that many of the headwinds that catalyzed a sell-off earlier in August are still present.

The S&P 500 slipped 0.2% on Tuesday, Aug. 20, 2024, ending a streak of eight consecutive positive trading days for the benchmark index.