Asia’s Economy is expected to shrink this year "for the first time in living memory," The International Monetary Fund Said, Warning that the Region Could Take Several Years to Recover. The Fund Said in a Post Published Tuesday blog that Asia`s Economy will likely contract by 1.6% this year - a downgrade from its previous forecast of no growth in April. (CNBC) Federal Reserve Officials Showed No Readiness At Their June Meeting to Commit to Yield-Curve Control But Reveal An Eageresness to Provide More Guidance in the Coming Months on the Future Path of Interest Rates and Asset Purchases. "Many participates in remarked that, as long as the committee`s forwardance remained credible on its own, it was not clear that there would be a need for the committee to reinforce its forward guidance with the adoption of a yct. The June 9-10 Federal Open Market Committee Meeting Showed. (Bloomberg) Source: Danareksa Sekuritas Debt Researchphoto by Jason Cooper on Unssplash