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.
- Jun 13, 2021 10:31 AM IST
Market participants are also awaiting the US central bank's monetary policy meeting for its stance on continuing stimulus measures, they said.
- May 26, 2021 07:46 AM IST
This suggestion that talking about tapering could become appropriate is a shift from just a month ago when Chair Jerome Powell said it was "not yet" time to even contemplate having that conversation.
- May 19, 2021 07:40 AM IST
Spot gold was up 0.1% at $1,870 per ounce by 0044 GMT, after hitting its highest since Jan. 29 at $1,874.80 in the previous session.
- May 13, 2021 07:46 AM IST
Spot gold was up 0.2% at $1,819.71 per ounce by 0116 GMT.
- Apr 29, 2021 07:25 AM IST
In a statement Wednesday, the Fed said the economy and job market have strengthened, and while inflation has risen, Fed policymakers ascribed the increase to temporary factors.
- Apr 27, 2021 08:30 AM IST
MSCI’s broadest index of Asia-Pacific shares outside Japan eased 0.14%. Australian stocks dropped 0.51%, but shares in China were little changed. Stocks in Tokyo edged 0.11% lower.
- Apr 09, 2021 08:03 AM IST
Speaking at a separate event, St. Louis Federal Reserve Bank President James Bullard said the Fed should not even discuss changes in monetary policy until it is clear the pandemic is over, tying future Fed discussions tightly to the success of the vaccination effort.
- Mar 22, 2021 11:36 AM IST
The National Association for Business Economics (NABE) reported 46 percent of participants surveyed see the central bank's policy-setting Federal Open Market Committee (FOMC) raising its lending rate in 2022, while 28 percent think they'll up it in 2023.