Bloomberg Business

Powell Indicates at Least Two More Rate Hikes Ahead After Pause

Federal Reserve officials paused their series of interest-rate hikes but projected borrowing costs will go higher than previously expected, owing to what Chair Jerome Powell called surprisingly persistent inflation and labor-market strength.

Taiwan Political Upstart Threatens to Eclipse KMT as No. 2 Party

The Kuomintang, the political party that ruled China and then Taiwan for much of the 20th Century, is at risk of losing its position as the island’s main opposition as a relative newcomer cements its position as the second most popular force in domestic politics, a new poll shows.

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