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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.
Gold is back in favour among investors even as expectations mount for higher US interest rates, which traditionally weigh on the metal. Photo: Reuters
Commodities

Bullish chorus grows: Wall Street backs gold despite US job growth, hawkish Fed

Record buying spree by central banks offsets Fed tightening fears, pushing gold towards US$5,000 by year-end, investment banks forecast.

International Property

Which property markets will be the winners and losers if Fed raises US rates?

United States

Trump threatens to cut trade with some countries if Fed doesn’t lower rates

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United States

US job market rebounds with 162,000 new jobs, far surpassing expectations

The latest labour data may increase the likelihood that the Federal Reserve will raise its key short-term interest rate at its next meeting.

A hiring sign for sales professionals at a store in Vernon Hills, Illinois. Photo: AP
Energy

As oil tops US$97, US-Iran war escalation has markets bracing for supply risks

Fresh military strikes in the Middle East have sent energy prices surging, leaving traders to grapple with renewed volatility.

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Hong Kong property

Rate rise expectations mount in Hong Kong following Fed chief’s comments

But property consultancy Knight Frank says likelihood of near-term rise in prime rate by city’s note-issuing banks remains low.

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Bonds

China, US bond markets diverge as Warsh strikes hawkish tone at Jackson Hole

Strong momentum is predicted to drive the yield on China’s 10-year government bonds to a low of 1.65 per cent, according to analysts.

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The disconnect between US and China’s debt markets will have implications on reshaping global capital flows across assets. Photo: DPA
United States

Warsh signals US Fed may need to raise rates if above-target inflation lingers

This was the closest he has come to acknowledging interest rate hikes may be needed to ease price pressures.

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Blockchain

Bitcoin tops US$80,000 for first time since May as US moves boost crypto

Washington’s buy-back efforts for US debt, cryptocurrency policy support credited for 25 per cent rally.

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Gold in Hong Kong

US Treasury bond buy-back reinforces gold debasement trade ahead of Jackson Hole

Treasury buy-backs bolster gold’s rally as investors await US Federal Reserve’s annual meeting at Jackson Hole.

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US Treasury Secretary Scott Bessent outside the White House in Washington on August 20. Photo: EPA
US debt ceiling

America’s US$40 trillion debt gamble is getting harder to ignore: economists

Analysts warn that high spending, rising interest costs and tax cuts could impede Washington’s efforts to ‘grow our way out of’ record-high national debt.

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A sign displays the US national debt at a bus stop in Washington on Thursday. Similar signs have been put up across the country, made by a nonpartisan foundation. Photo: Getty Images via AFP
Yuan

Open Questions | US economist Barry Eichengreen on how de-dollarisation could actually look

The former IMF adviser examines how de-dollarisation is gaining pace and what lies ahead for China’s yuan.

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Yuan

Open Questions | Top economist on how China should prep for dollar era’s end

Barry Eichengreen of the University of California, Berkeley, on US wobbles and how China and rest of the world can plan for a multipolar monetary system.

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Banking & finance

Japan’s yen is falling yet again. What could Washington and Tokyo do next?

Another US-Japan intervention may be needed to prop up the Japanese currency, as a US Treasury rout fuels the yen carry trade, analysts say.

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A man walks past an electronic screen displaying the current Japanese yen exchange rate on August 3, after a rare joint US-Japan intervention to prop up the currency. Photo: Reuters
Banking & finance

China trims US Treasury holdings amid Iran war, Fed uncertainty

Beijing cuts exposure to US debt to US$633.4 billion, official data shows, amid broader diversification push.

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US Treasury Secretary Scott Bessent at a cabinet meeting at Camp David, Maryland, on July 31. Photo: AFP via Getty Images/TNS
Hong Kong property

To rent or not to rent? That is the question for Hong Kong homebuyers

Rising residential rents and the looming shadow of interest rate increases have the city’s homebuyers trying to balance out the risks.

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Hong Kong stock market

From chasing robots to chasing profits: the numbers moving markets

Unitree Robotics, US inflation rates, gold prices, Hong Kong homes and CK Hutchison’s interim results were in the spotlight this week.

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Gold in Hong Kong

Why Fed moves trump geopolitical risks, China gold buying in analysts’ forecasts

Bullion forecasts have softened, LBMA’s survey shows, despite the World Gold Council reporting unprecedented demand in second quarter.

The outlook for gold marks a significant retreat from the bullishness seen at the start of the year. Photo: dpa
China stock market

Gold breakout rally sends Chinese bullion stocks near record highs

Sovereign-debt risks and reserve diversification seen helping revive investor optimism in the precious-metals market.

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Donald Trump

Trump renews effort to fire Fed’s Lisa Cook despite Supreme Court ruling

The president is continuing his attacks on the US central bank’s independence after being dealt a significant legal setback.

United States

US unexpectedly loses jobs in July, in blow to Trump’s economy claims

This reflects potential weakness in the labour market of the world’s largest economy after months of steady growth.

A hiring sign for sales professionals is displayed at a store, in Vernon Hills, Illinois state in the US in April. Photo: AP
Banking & finance

Hong Kong raises Silver Bonds coupon rate to 4.25% for latest batch

The city plans to issue up to HK$50 billion of Silver Bonds next month, with the higher rate intended to pre-empt a rise in US interest rates.

Elderly residents look out over the Tsim Sha Tsui waterfront in Hong Kong. Photo: SCMP/Eugene Lee
Japan

US-Japan trade thaw driven by shared yen for stronger currency

How long this boost in relations will last, though, depends on whether the yen can hold its value, experts say.

China stock market

China’s AI rout triggers 14% margin retreat in record tech sell-off

Tech stocks plummeted in July as traders unwound leveraged positions, sparking a drop in margin financing and raising concerns in Beijing.

Banking & finance

Rare US-Japan intervention as yen hits 40-year low: what does it mean?

Washington steps in to save Tokyo’s weakened currency in first joint yen-buying action for almost 30 years, causing its value to surge.

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A notepad in front of US Secretary of the Treasury Scott Bessent reads “To Do Buy Japanese Yen $5-10 bil” during a cabinet meeting on Friday. Photo: Reuters
Yuan

China’s offshore yuan hits 3-year high as Beijing signals policy support

Politburo’s pledge to stabilise growth and boost capital markets helps drive rally, reinforced by days of relatively strong reference rates by the central bank.

The Communist Party’s Politburo has vowed to step up macroeconomic policy support and enhance the resilience of capital markets for the rest of the year. Photo: Getty Images
United States

US economic growth slows in second quarter but domestic demand robust

Despite the Middle East conflict, US consumer spending has ‌remained resilient, in part thanks to bigger tax refunds this year.

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US-listed Chinese stocks

Fed uncertainty, AI doubts: the twist benefiting US-listed Chinese stocks

Chinese shares trading overseas are being cast as defensive plays as Fed path confusion shifts money away from US equities and bonds.

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