JPMorgan Financial News

emerging market debt index. This inclusion is likely to prompt billions of dollars of inflows into the world's fifth-largest economy. India's local bonds will be included in the Government Bond Index-Emerging Markets (GBI-EM) index and the index suite, benchmarked by about $236 billion in global funds according to JPMorgan.

As widely expected, the Fed’s Federal Open Market Committee (FOMC) decided to maintain its benchmark rate within a range of 5.25% to 5.5% on Wednesday. The central bank also did not rule out the possibility of a twelfth rate hike.

By Jonathan Stempel

As widely expected, the Fed’s Federal Open Market Committee (FOMC) decided to maintain its benchmark rate within a range of 5.25% to 5.5% on Wednesday. The central bank also did not rule out the possibility of a twelfth rate hike.

JPMorgan Chase & Co. Chief Executive Officer Jamie Dimon said the Federal Reserve may have to keep increasing its benchmark interest rate in the coming months to combat persistent inflation. 

Jamie Dimon said the Federal Reserve may have to keep increasing its benchmark interest rate in the coming months to combat persistent inflation. The central bank was “a day late and a dollar short” in beginning to raise rates and the rapid increases over the last 18 months were just “catching up,” Dimon said Wednesday at an event hosted by the Detroit Economic Club. Dimon spoke just before the Fed published its decision to leave rates unchanged, though officials signaled that borrowing costs will likely stay higher for longer after one more hike this year. “Odds are higher that they will have to go higher than they are today,” Dimon said. “I’m talking about four months from now, six months from now — that inflation will be at 4% and it won’t be coming down for a whole bunch of reasons.” The central bank has spent much of the last 18 months fighting historic levels of inflation, which has decelerated in recent months.

Investing.com-- Oil prices fell in Asian trade on Thursday as the Federal Reserve’s warning on higher U.S. interest rates saw investors lock-in more recent profits, although expectations of tight supply still presented a positive outlook for crude. 

By Daphne Psaledakis and Humeyra Pamuk

Bad news on Thursday morning for the fifty-strong team advising Transurban on its pursuit of Melbourne’s EastLink toll road, after the competition regulator said it would oppose any acquisition.

By Svea Herbst-Bayliss and Lananh Nguyen

Check out the companies making headlines before the bell.

Investing.com — U.S. futures traded marginally higher Wednesday, as investors cautiously awaited the Federal Reserve’s latest interest rate decision and economic update.

Brevan Howard, one of the world’s biggest hedge funds, has been on a bit of a warpath with its hiring recently. It’s been adding portfolio managers around the world, from both banks and other funds.

Pernod Ricard, the world’s second-largest wines and spirits producer, has mandated two banks to conduct a strategic review of its Australia and New Zealand business which could lead to a sale process as early as next month, Street Talk can reveal.

Advisors who fail to meet the needs of diverse investors as they become more confident, are leaving money on the table.

Not a great week for Ord Minnett boss Karl Morris to be offshore.

When the Federal Reserve’s rate-setting committee sits down Tuesday and Wednesday, one thing it has to grapple with is that underlying inflation is looking cooler than it thought just a few months ago. Another: The economy is looking much stronger. The central bank’s policy makers will need to update the economic projections to reflect these changes.

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BEIJING (Reuters) — China's central bank and forex regulator met with foreign financial institutions and companies on Monday, as Beijing strives to attract overseas investment to support its recovery.

Sales of additional shares in listed companies in the country have surpassed $10 billion this year, more than the tally for all of 2022, according to data compiled by Bloomberg. The momentum can sustain into next year and beyond as owners of Indian companies are keen to raise funds for other investments, said Abhinav Bharti, India head of equity capital markets at JPMorgan.

raising interest rates to slow the economy, policymakers hoped for an even rosier outcome. They wanted to achieve a “soft landing", which involves both bringing down inflation, and doing so without mass job losses. It is a lot to ask of a tool as blunt as monetary policy.