Oct 22, 2021 09:00 AM IST
The United States Federal Reserve on October 21 announced that its policymakers and senior staff would be barred from investing in individual stocks and bonds
- Oct 13, 2021 05:02 PM IST
The dollar index, which measures the greenback against six rivals, eased slightly to 94.271 from Tuesday, when it touched 94.563 for the first time since late September 2020.
- 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 24, 2021 08:18 AM IST
At a press conference on Wednesday following the Fed’s latest meeting at which policymakers kept interest rates near zero as the U.S. economy continues to heal from the COVID-19 pandemic, Powell was unequivocal when asked how much he would defer to a new vice chair for supervision expected to be named this fall to oversee bank regulation.
- Sep 23, 2021 09:04 PM IST
Wall Street's S&P 500 surged over 1% in early trade following solid gains in Europe. MSCI's gauge of stocks across the globe rose 1%, with the index recovering all its losses from Monday, when it posted its biggest percentage drop in two months.
- Sep 23, 2021 08:24 AM IST
The Fed continues to delink interest rate lift-off from tapering. Though the dot-plot of the September meeting hints towards one rate hike of 25 bps in 2022, Powell said “lift-off in policy rates” is not on its radar, as of now
- 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 01:47 PM IST
US President Joe Biden's fellow Democrats narrowly control both the Senate and House of Representatives. If Congress fails to raise the $28.5 trillion debt limit, it could lead the government to default on its payment obligations.
- 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 19, 2021 04:25 PM IST
Markets have been reacting to every economic indicator -- from inflation to unemployment to consumer spending -- in a guessing game over whether they will make central banks adjust their policies earlier or later than expected.
- Sep 17, 2021 10:45 PM IST
Investors have received a mixed bag of economic data reflecting how the economy is weathering a spike in COVID-19 cases and how it might continue its recovery in the coming months.
- Sep 11, 2021 12:06 PM IST
Dallas Fed President Robert Kaplan and Boston Fed President Eric Rosengren made frequent or substantial trades in 2020, the Wall Street Journal and Bloomberg reported earlier this week.
- Sep 11, 2021 08:55 AM IST
Fed policymakers often publicly refer back to remarks made during those forums as having helped shape their thinking about the economy and their approach to what to do about it.
- 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.
- Aug 27, 2021 08:19 PM IST
The Fed has been buying $120 billion a month in mortgage and Treasury bonds to try to hold down longer-term loan rates to spur borrowing and spending.
- Aug 27, 2021 07:51 PM IST
Powell warned that moving to respond to temporary inflation pressures 'may do more harm than good.'
- 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 26, 2021 10:54 PM IST
The hasty shift to an online event reflects the rapid rebound of the pandemic, led by the delta variant, particularly in the South and Northwest.
- Aug 24, 2021 10:15 AM IST
Spot gold eased 0.2% to $1,801.65 per ounce by 0321 GMT, having jumped about 1.4% in the previous session.
- Aug 24, 2021 08:33 AM IST
The dollar was licking its wounds after its sharpest one- day fall since May, which spurred a 5% rally in oil prices on Monday.
- Aug 19, 2021 10:07 AM IST
Spot gold fell 0.7% to $1,774.41 per ounce by 0315 GMT, heading for its biggest one-day percentage decline since Aug. 9.
- Aug 13, 2021 07:39 AM IST
The U.S. currency was underpinned by data, released on Thursday, showing U.S. producer prices posted their largest annual increase in more than a decade in the 12 months through July.
- 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.
- Aug 09, 2021 10:29 AM IST
Spot gold was down 1.4% at $1,738.53 per ounce by 0406 GMT, paring earlier losses. Prices touched $1,684.37, their lowest since March 31 earlier in the session, triggered by stop-loss selling.
- 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.