Dallas Federal Reserve President Lorie Logan said on Tuesday evening that the central bank will likely have to keep interest rates steady for longer to ensure inflation remains low, amid upside risks from President Donald Trump’s trade tariffs.
The Vietnamese government will aim to raise its gross domestic product by 8.3% to 8.5% for this year, Prime Minister Pham Minh Chinh said on Wednesday, despite challenges.
Most Asian stocks fell on Wednesday, tracking a weak overnight session on Wall Street as sticky inflation data and persistent concerns over President Donald Trump’s trade tariffs weighed.
Oil prices fell on Tuesday after U.S. President Donald Trump’s lengthy 50-day deadline for Russia to end the Ukraine war and avoid sanctions eased immediate supply concerns.
Most Asian stocks moved in a tight range on Tuesday as markets questioned data showing stronger-than-expected economic growth in China, while concerns over higher U.S. trade tariffs remained in play.
China promised to build liveable, sustainable and resilient cities in the next phase of its urban development after the first top-level urban planning meeting in a decade, abandoning breakneck urban growth that once super-charged its economy.