As Federal Reserve Chair Jerome Powell hints at bigger and possibly faster rate hikes ahead for the U.S., Australia’s central bank could be headed toward a different path.
BlackRock’s chief investment officer of global fixed income Rick Rieder wrote in response to Fed Chair Jerome Powell’s testimony before a Senate committee.
Analysts say the collapse of Silicon Valley Bank is not likely to have a major contagion effect in Asia, but one person says it could be seen as a “warning,” an analyst said.
Asia markets tumbled in a volatile session, continuing sharp losses seen on Wall Street as investors grapple with the fallout of failed banks in the U.S., including Silicon Valley Bank.