Sep 28, 2021 02:33 PM IST
Dallas Fed bank Robert Kaplan said he will leave his post on October 8, while Eric Rosengren, who leads the Boston Fed, moved his already-scheduled retirement up by several months to September 30.
- Sep 23, 2021 07:37 AM IST
The S&P 500 registered its biggest daily percentage gain since July 23. While trading was choppy following the Fed's latest policy statement and comments by Fed Chair Jerome Powell, stocks finished close to where they were before the central bank news.
- Sep 23, 2021 07:22 AM IST
The swifter pace of interest rate hikes from policymakers’ last set of projections in June comes amid the fastest economic recovery in U.S. history after a brief recession last year and robust debate at the Fed about balancing its maximum employment and 2% average inflation goals.
- Sep 20, 2021 07:14 AM IST
Holidays in Japan, China and South Korea made for a thin start, and politics adds extra uncertainty with elections in Canada and Germany bookending the week.
- Sep 10, 2021 11:08 AM IST
Spot gold rose 0.1% to $1,796.77 per ounce by 0428 GMT as the dollar pulled back slightly. It was down 1.6% for the week.
- Sep 10, 2021 09:04 AM IST
The announcements come after the officials faced scrutiny over trades they made last year, according to their financial disclosure forms.
- Aug 27, 2021 11:22 AM IST
When Covid-19 transformed the world's largest economy last year, the Fed jumped into action to prevent a major recession, slashing interest rates to zero in March 2020 and buying huge amounts of Treasury debt and agency mortgage-backed securities to provide liquidity to the financial system.
- Aug 27, 2021 08:07 AM IST
Remarks from the Federal Reserve’s more hawkish policy makers and a deadly attack in Afghanistan also subdued sentiment and helped the dollar gain against a basket of its peers.
- Aug 12, 2021 07:38 AM IST
The dollar index, which measures the greenback against a basket of six rivals, was little changed at 92.890, following a 0.19% decline from Wednesday, when it rose as high as 93.195, a level not seen since April 1.
- Jul 31, 2021 07:57 AM IST
After making record profits during the pandemic, Amazon said late on July 29 that its sales growth would slow in the next few quarters as people ventured outside their homes post-pandemic and reduced online shopping.
- Jul 30, 2021 09:08 AM IST
Spot gold was steady at $1,827.28 per ounce by 0256 GMT, having hit its highest since July 15 at $1,832.40 on Thursday.
- Jul 29, 2021 09:49 AM IST
Spot gold rose 0.5% to $1,815.36 per ounce by 0322 GMT, having earlier hit a peak since July 20 at $1,817.35.
- Jul 29, 2021 07:37 AM IST
The Fed said after its latest policy meeting ended on Wednesday that the economy has been strengthening despite a rise in coronavirus infections, and that accelerating inflation remained the result of ”transitory factors.”
- Jul 27, 2021 09:11 AM IST
Fed officials are likely to affirm after their two-day meeting that a strong U.S. recovery and their planning for an eventual policy shift both remain underway. But the new risks, threatening the twin ills of slowed growth and higher prices, mean the rosy future seen in June seems less assured.
- Jul 22, 2021 09:28 AM IST
Spot gold was down 0.3% at $1,798.27 per ounce, as of 0313 GMT, after hitting its lowest since July 12 at $1,793.59 in the previous session.
- Jul 19, 2021 08:26 AM IST
“Basically, what’s happening is the U.S. economy went through a very abrupt shutdown a year ago,” Kashkari told NPR in an interview published on Saturday
- Jul 16, 2021 08:54 AM IST
The July 12-15 poll of over 100 economists showed the US economy would grow at a healthy pace and also that elevated inflation would prevail longer than previously expected.
- Jul 08, 2021 08:54 AM IST
The dollar index, which measures the greenback against six rivals, held its ground at 92.702, little changed from Wednesday, when it touched 92.844 for the first time since April 5.
- Jul 08, 2021 08:25 AM IST
Several participants said the facility must be positioned as a "backstop" for markets, while some said it was important not to charge a rate so high that the program would be stigmatized.
- Jul 08, 2021 08:08 AM IST
In minutes that reflected a divided Fed wrestling with new inflation risks but still relatively high unemployment, "various participants" at the June 15-16 meeting felt conditions for reducing the central bank's asset purchases would be "met somewhat earlier than they had anticipated."
- Jul 07, 2021 11:27 AM IST
Spot gold was up 0.1% at $1,797.84 per ounce, as of 0500 GMT, after hitting its highest since June 17 at $1,814.78 on Tuesday.