The question of how far and quickly the yuan will fall depends on Beijing's resolve in countering Donald Trump's tariffs with stimulus measures.

Beijing contends with a weakening yuan while awaiting policy clues from the incoming Donald Trump’s administration.

Base metals declined after US President Donald Trump said he would likely enact tariffs on Mexico and Canada by Feb. 1, hurting market sentiment even as he held off from imposing levies on China.

The 5% expansion is in line with the target set by Beijing, but it is the weakest since 1990, excluding the pandemic years.

In contrast, policymakers at the U.S. Federal Reserve are now anticipating fewer ... while cautioning that Beijing's stimulus measures were "insufficient" to do more than stabilize the economy ...

The fading shadow of reflationists in the Bank of Japan, and the latest addition to the board of an academic favouring an end to ultra-low interest rates, will likely bring the central bank's thinking closer to global peers taking a more conventional approach on monetary policy.

Market pricing shows investors are nearly unanimous in expecting the Federal Reserve to stand pat on interest rates Wednesday, holding them in a range of 4.25% to 4.5%. Here's a look at how the central bank has steered policy since the turn of the century,

The central bank’s decision to pause at its first meeting of 2025 followed a series of cuts that began in September to account for progress already made on getting inflation down. Over the course of three meetings, the Fed lowered rates by a full percentage point to a range of 4.25 percent to 4.5 percent, which was maintained on Wednesday.

Follow live coverage of the January FOMC meeting, interest-rate announcement, and Fed chairman Jerome Powell's press conference.

Since the Fed's first September rate cut, the fed funds rate has been slashed by 100 basis points. The U.S. 10-year Treasury yield, however, has gone in the opposite direction, rising to 4.6% fro 3.6% — a divergence between short-term and long-term rates that rarely has been seen.

Amid pressure from President Donald Trump to keep lowering interest rates, the Federal Reserve held steady.