- Feb 25, 2021 07:20 AM IST
Testifying on Wednesday before the House of Representatives Financial Services Committee, Fed Chair Jerome Powell emphasized the U.S. central bank's promise to get the economy back to full employment, with little worry about inflation unless prices begin rising in a persistent and troubling way.
- Dec 16, 2020 10:42 AM IST
Spot gold was up 0.1% at $1,855.71 per ounce by 0323 GMT, after hitting its highest since Dec. 9 at $1,857.89. U.S. gold futures rose 0.3% to $1,860.30.
- Sep 16, 2020 01:45 PM IST
The two-day meeting is the US central bank's first under a newly adopted framework that promises to shoot for inflation above 2 percent to make up for periods, such as now, where it is running below that target.
- Jul 29, 2020 08:02 AM IST
Spot gold was little changed at $1,957.84 per ounce by 0049 GMT. Prices hit an all-time of $1,980.57 on Tuesday before retreating after investors booked profits and the dollar regained some ground.
- Jul 15, 2020 09:00 AM IST
One by one, Fed policymakers have become more downbeat in recent days, resetting expectations on the recovery and cautioning that recent improvements in economic data such as job gains may be fleeting.
- Jun 10, 2020 05:52 PM IST
In a virtual news conference, Fed chief Jerome Powell is expected to convey the message that the US economy remains in need of extraordinary help despite recent despite glimmers of a possible recovery, including a government report Friday showing that employers added rather than slashed jobs in May.
- Jun 06, 2020 08:00 PM IST
The meeting will follow a surprise gain in the Labor Department's closely watched jobs report on Friday that pushed benchmark 10-year Treasury yields to the highest since early March.
- Apr 30, 2020 08:44 AM IST
On balance, we are looking at a gradual depreciation of the Indian currency. COVID-19 will be the difference between the rupee at 76 to a dollar or 85 in another six months.
- Apr 20, 2020 10:27 AM IST
The correlation between central bank assets and stock prices is back on track
- Mar 18, 2020 07:56 AM IST
The Fed in the morning announced it would reopen the so-called Commercial Paper Funding Facility to underwrite the short-term loans that companies often use to pay for their operations, a key financial market backstop first set up 2007 to 2009.
- Mar 06, 2020 11:20 AM IST
Companies are increasingly responding by having employees work from home, reduce travel, and take other steps to curb the virus' spread, though such measures also could slow economic activity.
- Feb 28, 2020 09:03 AM IST
Traders of futures contracts tied to the U.S. central bank's policy rate are already betting on it. On Thursday they were pricing in about a 76% chance of the Fed starting to cut rates as soon as next month and trimming an extraordinary three-fourths of a percentage point by September, according to CME Group's FedWatch.
- Jan 29, 2020 11:42 AM IST
Since the Fed cut rates in October, its third and final reduction in borrowing costs in 2019, policymakers have agreed to keep their target policy rate in the current range of 1.50% and 1.75% until there is some significant change in the economic outlook.
- Jan 15, 2020 10:19 AM IST
The chart shows the markets took off when the central banks started expanding their assets through the Quantitative Easing (QE) programmes.
- Jan 14, 2020 08:22 AM IST
Atlanta Federal Reserve bank president Raphael Bostic said that for him there is a "high bar" for any rate increase until inflation moves convincingly to the Fed's 2% target, and that evidence of excessive borrowing or financial instability in the economy would have to be "systemic" for him to think otherwise.
- Jan 06, 2020 07:51 AM IST
At a three-day conference in San Diego on an array of economic topics, one stood out: The textbook view of central banking, where low unemployment produces unwanted inflation that monetary policymakers can counter with interest-rate hikes, is at least badly hobbled if not fully broken.
- Dec 24, 2019 12:28 PM IST
High cost of capital is a big spoiler for investors. RBI’s latest auction comes as a whiff of fresh air