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.
- Jul 05, 2021 08:11 AM IST
While the headline June job creation figure beat forecasts, unemployment ticked higher, workforce participation didn’t budge and the pace of hourly earnings growth slowed - suggesting rate rises could be further away than markets have come to fear.
- Jun 28, 2021 03:00 PM IST
Asia's third-largest economy has bad memories of past attempts by the Federal Reserve to get away from crisis-mode policies, particularly in 2013 when mere talk of "tapering" stimulus prompted the rupee to sink to record lows.
- Jun 25, 2021 08:21 AM IST
Along with concern in some quarters over the potential persistence of such price rises are doubts over whether the US job hole can truly be filled before interest rates will need to rise.
- Jun 25, 2021 08:13 AM IST
Analysts expect banks like JPMorgan Chase, Bank of America and Goldman Sachs will be able to pay out more than $100 billion together over the next four quarters.
- Jun 23, 2021 07:34 AM IST
Recent price increases have pushed the consumer price index to a 13-year high, prompting Republicans on the committee to offer charts detailing spikes in consumer items like bacon and used cars to suggest price increases are getting out of hand.
- Jun 19, 2021 07:28 AM IST
After starting the week near record highs, U.S. stocks have steadily dropped since Fed officials projected Wednesday that interest rates may rise sooner than previously expected.
- Jun 17, 2021 07:45 AM IST
The US dollar rose to its highest level in almost two months after the Federal Reserve put out projections for the first post-pandemic interest rate hikes into 2023
- Jun 17, 2021 07:39 AM IST
The dollar boasted its strongest single day gain in 15 months as 10-year US Treasury yields jumped by the most since early March.
- Jun 17, 2021 07:35 AM IST
Seven of the US Fed officials see rates moving higher next year, opening the possibility of even more aggressive action.
- Jun 16, 2021 10:46 AM IST
With U.S. inflation rising faster than expected and the economy forecast to grow at its quickest pace in decades this year, some policymakers have begun questioning whether the Fed should continue to keep its benchmark short-term interest rate near zero and leave unchanged a massive bond-buying program put in place to stem the economic fallout from the pandemic.
- Jun 16, 2021 07:59 AM IST
A looming data dump on Chinese retail sales and industrial production offered another reason for caution, with some modest slowdown in annual growth expected.
- Jun 16, 2021 07:25 AM IST
Wall Street took a step back on Tuesday, with all three major indices dropping after two posted record highs on Monday. U.S. Treasuries held steady, as did the U.S. dollar, with little activity ahead of the Fed policy statement.
- Jun 14, 2021 09:18 AM IST
Spot gold was down 0.6% at $1,864.58 per ounce, as of 0311 GMT, its lowest since June 4.