The Hanoitimes - The benchmark VN-Index recorded an increase of nearly 9% in the January – February period, accompanied by significant liquidity improvements. Vietnam’s stock market remains on track for sustainable development: Minister Potential upgrade of Vietnam’s stock market to attract additional of US$1.2 billion Vietnam’s stock market proves an efficient capital mobilization channel for economy: PM Positive outlook seen for Vietnam’s stock market amid global uncertainties: Deputy PM Vietnam stock market remains efficient capital mobilization channel despite recent plummets In the first two months of 2019, the prospect of market status upgrading and the strong participation of foreign cash flow via exchange-traded funds (ETFs) has created momentum for large-cap stocks to increase strongly, according to Viet Dragon Securities Company (VDSC). Evidently, the benchmark VN-Index recorded an increase of nearly 9% in the January – … [Read more...] about Potential upgrade and foreign inflow create growth momentum for Vietnam’s stock market
Federal open market committee meeting
Trump has discussed firing Federal Reserve chairman Powell: Bloomberg
By Reuters  December 22, 2018 | 06:53 pm GMT+7 Federal Reserve Board Chairman Jerome Powell speaks during his news conference after a Federal Open Market Committee meeting in Washington, U.S., December 19, 2018. U.S. President Donald Trump has discussed firing Federal Reserve Chairman Jerome Powell, Bloomberg reported on Saturday, citing sources. Trump’s frustration with the U.S. central bank chief intensified after this week’s interest rate increase and months of stock-market losses, the news agency said, citing four unidentified people familiar with the matter. The president has talked privately about firing Powell many times in the past few days, it said, citing two of the people. White House spokesmen declined to comment, as did Federal Reserve spokeswoman Michelle Smith, Bloomberg reported. The Fed raised interest rates on Wednesday for the fourth time in 2018, and signaled "some further gradual" rate increases ahead. Global financial markets, … [Read more...] about Trump has discussed firing Federal Reserve chairman Powell: Bloomberg
US Fed raises interest rates for second time this year
The US Federal Reserve on June 13 raised short-term interest rates by a quarter of a percentage point, its second rate hike this year and the seventh since late 2015. US Federal Reserve Chairman Jerome Powell speaks during a news conference in Washington D.C., the US on June 13, 2018 - Photo:Xinhua "In view of realized and expected labor market conditions and inflation, the (Federal Open Market) Committee decided to raise the target range for the federal funds rate to 1-3/4 to 2 percent," the central bank said in a statement after concluding a two-day meeting. The Fed said the US labor market has "continued to strengthen" and economic activity has been "rising at a solid rate", with household spending picking up and business fixed investment growing strongly. The Fed also said both overall inflation and so-called core inflation for items other than food and energy "have moved close to 2 percent", suggesting that Fed officials are getting increasingly confident about … [Read more...] about US Fed raises interest rates for second time this year
Fed lifts rates amid stronger inflation, drops crisis-era guidance
Fed lifts rates amid stronger inflation, drops crisis-era guidanceThe Saigon Times Daily Federal Reserve Board Chairman Jerome Powell speaks at his news conference after the two-day meeting of the Federal Open Market Committee (FOMC) on interest rate policy in Washington, U.S., June 13, 2018 – PHOTO: REUTERS WASHINGTON (REUTERS) - The Federal Reserve raised interest rates on Wednesday, a move that was widely expected but still marked a milestone in the U.S. central bank’s shift from policies used to battle the 2007-2009 financial crisis and recession. In raising its benchmark overnight lending rate a quarter of a percentage point to a range of 1.75% to 2%, the Fed dropped its pledge to keep rates low enough to stimulate the economy “for some time” and signaled it would tolerate inflation above its 2% target at least through 2020. “The economy is doing very well,” Fed Chairman Jerome Powell said in a press conference after the rate-setting … [Read more...] about Fed lifts rates amid stronger inflation, drops crisis-era guidance
Prospect of trade war poses ‘downside risks’ to economy: Fed minutes
Despite the concern over trade policy, the discussions by the Fed's policy-setting Federal Open Market Committee said the economy was expected to grow at a solid pace. Exterior view of the US Federal Reserve building in Washington, DC. (AFP/KAREN BLEIER) The prospect of a trade war poses "downside risks" to the US economy, which otherwise is poised to grow at a solid pace, the Federal Reserve said on Wednesday (Apr 11). While the Fed said the steep tariffs on steel and aluminium imports that President Donald Trump imposed last month would not on their own have a significant effect, the possibility of "retaliatory trade actions by other countries" could be harmful. In the minutes of Mar 20-21 monetary policy meeting, when the Fed raised the benchmark interest rate for the first time this year, the Fed also cited "other issues and uncertainties associated with trade policies" as risks to the outlook. Business contacts in many of the Fed's 12 regions reported concern about the … [Read more...] about Prospect of trade war poses ‘downside risks’ to economy: Fed minutes