Asian Stocks Mixed Ahead of Fed Meeting By


© Reuters. – Asian stocks were mixed in morning trade on Tuesday ahead of this week’s key Federal Reserve decision. China’s fell 0.2%, while the inched up 0.1%. While not a major directional driver, data showed today that China’s new home prices rose 0.7% month-on-month in May, picking upRead More →

Why the Fed should ditch its 2% inflation target


The Federal Reserve is charged by Congress to accomplish full employment and stable prices. For economists, these objectives pose a tradeoff, and the Fed targets 2% inflation as a compromise. All this is premised on economic theories rendered obsolete by the globalization of many goods and services markets, capital mobility, and resulting wageRead More →

Asian markets mostly higher as investors await Fed meeting


Asian shares were mostly higher Monday amid a wait-and-see attitude about the direction of interest rates and the trade dispute between the U.S. and China. Japan’s benchmark Nikkei 225 NIK, +0.09%   gained 0.1% in morning trading. Australia’s S&P/ASX 200 XJO, -0.22%   lost 0.s%, while South Korea’s Kospi 180721,Read More →

Asian markets muted, awaiting upcoming Fed meeting


Asian shares mostly fell in muted trading Tuesday as investors awaited the U.S. Federal Reserve meeting later in the week. Japan’s benchmark Nikkei 225 NIK, -0.08%   lost 0.3% in early trading. Australia’s S&P/ASX 200 XJO, -0.09%   edged down 0.1% and South Korea’s Kospi SEU, -0.09%   inched downRead More →