Two hands: One steady, the other helping
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Source: The Manila Times
Published: 2026-08-05 02:04 UTC+10:00
Section: General
Factuality Score: 100
Opinion Category: Neutral
Topics: Politics, Business, Asia, Economy & Finance, Labour & Workers, World News, US Politics, Business & Economy, Asia Pacific
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Snippet:
FINANCIAL markets have an unfortunate habit of rewarding drama. A surprise interest rate cut sends traders into a frenzy. A collapsing currency dominates headlines. Yet, some of the most consequential developments are the ones that barely register beyond the business pages. The United States Federal Reserve’s (Fed) decision to once again leave interest rates unchanged, coupled with the US Treasury’s rare move to join Japan in supporting the yen, falls squarely into that category.
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