Warsh boosts market expectations of Fed rate hold in October
Warsh made no policy signal, lifting market expectations the Fed will hold rates at its Oct 27-28 meeting; hike odds fell below 15%, stocks rose and the dollar slipped.
Finance
G-7 to launch exercises to guard against AI cyberattacks
G-7 finance leaders agreed to hold tabletop exercises simulating AI-driven cyberattacks, aiming to test and improve response protocols after the IMF warned of financial stability risks.
US Fed’s Kevin Warsh surprised by world economy’s ‘resilience’
Fed Chair Kevin Warsh said the global economy has shown unexpected resilience amid inflation and shocks, praising synchronous central bank tightening and calling AI consequential but bumpy.
MSCI proposes downgrading Indonesia to standalone market status
MSCI proposes reclassifying Indonesia from emerging to standalone market over transparency and trading concerns, launching consultation; final decision due June 2027.
Investors temper Anthropic IPO valuation expectations over revenue growth slowdown: sources
Investors are tempering Anthropic’s IPO valuation expectations after slower quarterly revenue growth, considering about $1.5 trillion instead of $2 trillion, amid AI financing concerns.
S&P 500 ends higher as traders shift from AI to healthcare
S&P 500 rose 0.3% as investors rotated from AI stocks to defensive healthcare and consumer names, sparked by debt and interest-rate worries.
Dollar recedes from 18-month high as bond rally tempers impact of hot inflation data
Dollar slips from 18-month high as bond rally offsets hot inflation data, easing Fed rate hike bets.
Prolonged war, renewed disruptions pose biggest risk to Middle East region: IMF
IMF warns prolonged Middle East war and new energy, shipping, or infrastructure disruptions threaten regional economies, forecasting 1.3% contraction in 2026 and 6.6% rebound in 2027.
Not one big spree: Why more people in their 30s, 40s are seeking help for credit card debt in S’pore
Singaporeans in their 30s and 40s increasingly seek credit-card debt help due to lifestyle spending and income shocks; counselling cases hit a three-year high, though overall risks remain manageable.
Malaysia’s central bank chief signals room to act as inflation risks rise
Malaysia's central bank sees room to adjust rates if inflation pressures rise, after dropping "appropriate" guidance; markets price a possible hike.
MAS keeps monetary policy on hold after tightening twice this year
MAS left monetary policy unchanged, contrary to expectations, and narrowed its 2026 core inflation forecast to 1.5-2%, citing easing inflationary pressures ahead.
MAS keeps Singdollar appreciation rate unchanged but warns of elevated inflation
MAS kept Singapore dollar policy unchanged, warning war-driven energy costs will keep inflation elevated into 2027, as it maintains currency appreciation to curb imported inflation.