Asian shares falter, dollar jumps as Powell dampens hopes for more rate cuts

Asian shares fell to six-week lows on Thursday and the dollar rose after the U.S. Federal Reserve delivered a 25-basis-point rate cut as expected but poured cold water on market expectations of a lengthy easing cycle.


from Reuters: Top News https://ift.tt/2ZiEwlr

Comments

Post a Comment

Popular posts from this blog

U.S. nuns demand action to end ‘culture of silence’ on abuse

Vatican City • The largest U.S. association of Roman Catholic nuns urged its members Monday to report any sexual abuse of religious sisters by clergy and demanded that church authorities “take action to end a culture of silence, hold abusers accountable and provide support to those abused.” The Leadership Conference of Women Religious, which represents about 80 percent of Catholic sisters in the U.S., issued a statement Monday in response to an Associated Press report about several sisters coming forward recently to denounce assaults by priests and bishops. The LCWR said it didn’t have data on incidents in the U.S. but thanked the sisters for speaking out. “We understand that reporting abuse requires courage and fortitude. However, bringing this horrific practice to light may be the only way that sexual abuse by those in positions of trust in the church community will be put to an end,” the association’s statement said. The conference has about 1,300 members in 300 orders. LCWR s...
Read more

Latter-day Saint women can ‘remove prejudice’ and improve the world, Eubank says

Image
Highlights from Saturday evening’s women’s session of the General Conference of The Church of Jesus Christ of Latter-day Saints: 6:30 p.m.: Jesus heals our brokenness, says Primary leader (Photo courtesy of The Church of Jesus Christ of Latter-day Saints) Cristina B. Franco, second counselor in the general presidency of the children’s Primary, speaks during the women's meeting Oct. 3, 2020. Cristina B. Franco, second counselor in the general presidency of the children’s Primary, discussed the healing power of Jesus Christ. She told about getting a new piano that fell off a hand truck during delivery and was damaged. The manager offered to give Franco and her husband, Rudy, a new piano, but Rudy would not hear of it. He wanted the broken one back. “Sisters and brothers, aren’t we all like this piano, a little broken, cracked and damaged, feeling like we will never be the same again?” Franco asked. But Jesus Christ can “heal brokenness,” when people have faith, repent and seek...
Read more