Lates News

In response to Fed Chair Powell's statement that import tariffs may push up prices and that its impact on inflation may persist, emerging market currencies and stocks fell for a second consecutive day. Prior to this, the Fed kept interest rates unchanged and reiterated expectations of two rate cuts by 2025. Assets initially experienced a double decline, but later fell again due to comments on tariffs. The MSCI Emerging Markets Currency Index closed down 0.1%, while a similar stock index closed down 0.3%.