Investing.com -- Inflation in the U.S. rose at a slower pace yet again in May, potentially bolstering the case for the Federal Reserve to push pause on a long-standing policy tightening campaign later this week.
SHANGHAI/SINGAPORE (Reuters) - China's central bank is widely expected to cut the borrowing cost of medium-term policy loans for the first time in 10 months on Thursday, after it lowered two key short-term policy rates, a Reuters poll showed.
HOUSTON/BEIJING(Reuters) - Oil prices inched up on Wednesday as investors awaited the outcome of the U.S. Federal Reserve's June meeting, key economic data from China and government data on U.S. crude stockpiles.
SYDNEY (Reuters) - Asian shares struggled for traction and the dollar was subdued as the market focuses on the probability of a less aggressive Federal Reserve at its policy meeting which concludes on Wednesday.
(June 14): China is ramping up policy stimulus to boost its faltering economy, although soaring debt levels and concerns about financial stability mean the measures are likely to be limited compared with support packages in previous downturns.
(June 13): US inflation continues to cool, giving the Federal Reserve room to take a breather from interest-rate hikes this week. The details offer signs it might become a full stop.