Trends - Fed Chair Jerome Powell

Markets

Ukraine war complicates Fed's inflation fighting effort

WASHINGTON: The uncertainty created by Russia's invasion of Ukraine and its impact on the global economy is piling...

Published 27 Feb, 2022 12:32pm

Print

Biden’s Fed nominees in limbo

NEW YORK: US Senate action on President Joe Biden’s five nominees to the Federal Reserve stalled Tuesday after...

Updated 17 Feb, 2022 10:07am

Markets

Lisa Cook, expert on economic scars of racism, now Biden Fed nominee

WASHINGTON: A researcher focused on how discrimination has harmed the American economy and the damage downturns do ...

Published 03 Feb, 2022 11:05am

Opinion

With Fed set to hike US rates, ‘ultra-cheap money’ era nears end

Consumers, companies and financial markets are bound to see borrowing costs rise as the Federal Reserve gets ready ...

Published 29 Jan, 2022 06:05am

Print

Fed sharpens inflation-fighting tools as rate hikes near

WASHINGTON: The Federal Reserve has its inflation-fighting weapons ready to fire, and when the US central bank’s...

Updated 24 Jan, 2022 09:27am

Business & Finance

Fed sharpens inflation-fighting tools as rate hikes near

WASHINGTON: The Federal Reserve has its inflation-fighting weapons ready to fire, and when the US central bank's...

Published 23 Jan, 2022 11:24am

Business & Finance

Dollar edges higher as selling pressure abates

NEW YORK: The US dollar was on track to snap a 3-day losing streak on Friday as a selling spree driven by the view...

Published 15 Jan, 2022 05:50am

Business & Finance

US consumer prices post biggest rise in nearly 40 years; inflation close to peaking

WASHINGTON: US consumer prices increased solidly in December as rental accommodation and used cars maintained their...

Published 13 Jan, 2022 07:17am

Markets

Oil tops $83, as Omicron impact expected to be short lived

NEW YORK: Oil rose to more than $83 a barrel on Tuesday, supported by tight supply and expectations that rising...

Published 12 Jan, 2022 04:25am

Opinion

Investors brace for quantitative tightening as Fed sends hawkish message

Another barometer of Federal Reserve hawkishness is making a bigger appearance on investors’ dashboards:...

Published 07 Jan, 2022 06:22am

Markets

Wall Street rises as Fed gears up for inflation fight

NEW YORK: Wall Street’s main indexes climbed on Thursday after the Federal Reserve announced a faster wind-down of...

Published 17 Dec, 2021 04:30am

Markets

German bond yields pinned at 6-week lows

FRANKFURT: German government bond yields slipped on Friday to their lowest levels in six weeks as investors reduced...

Published 08 Nov, 2021 05:19am

Markets

Dollar in driver's seat as payrolls loom; sterling battered

TOKYO: The dollar was on course for a second straight week of gains against major peers on Friday, ahead of a key US...

Published 05 Nov, 2021 11:47am

Markets

The US Federal Reserve's take on greening the economy: Not our job

The US Federal Reserve trails other major central banks in tackling climate change, even as President Joe Biden...

Published 02 Nov, 2021 11:09am

Business & Finance

Fed set to begin stimulus taper amid sticky inflation

WASHINGTON: The Federal Reserve is set to begin removing a major plank of the stimulus policies it rolled out last...

Published 01 Nov, 2021 06:09am

Markets

S&P 500 turns flat after Fitch warning; Merck boosts Dow

NEW YORK: The S&P 500 pared early gains on Friday after Fitch warned that political wrangling over the US debt...

Published 02 Oct, 2021 04:45am

Markets

JGB yields rise to 3-month high after Fed's taper hints

The 10-year JGB yield rose 2 basis points to 0.050%, its highest level since late-June while the 20-year yield advanced 1.5 basis points to 0.440%, a high last seen on June 30

Published 24 Sep, 2021 11:36am

Markets

Dollar lost for direction awaiting Fed to set its path

On the back foot even before Fed Chair Jerome Powell's comments last Friday at Jackson Hole

Published 03 Sep, 2021 10:04am

Business & Finance

Euro zone bond yields stay near one-month highs as Powell offers few clues

LONDON: German bond yields hovered near one-month highs on Friday after falling briefly on comments by Fed Chair...

Published 30 Aug, 2021 06:33am

Markets

Australia, NZ dollars cling to gains, near-term fate rests with Fed

The Aussie had edged back to $0.7241, from the week's top around $0.7280

Published 27 Aug, 2021 10:31am

Markets

Japanese shares gain on upbeat earnings, benign Fed

Nikkei share average gained 0.36% to 27,677.24 while the broader Topix added 0.17% to 1,922.91, bouncing back from Wednesday's fall

Published 29 Jul, 2021 12:56pm

Business & Finance

Pent-up demand, shortages fuel US inflation

WASHINGTON: US consumer prices surged in April, with a measure of underlying inflation blowing past the Federal...

Published 30 May, 2021 03:51am

Markets

Dollar bounces after Fed minutes revives tapering discussion

Cryptocurrencies were volatile after suffering one of their biggest losses on Wednesday in the wake of China's decision to ban financial and payment institutions from providing digital currency services.

Published 20 May, 2021 11:26am

Markets

US dollar climbs from nine-week low in step with higher Treasury yields

The dollar was last up 0.3% versus the yen at 108.88 yen.

Published 30 Apr, 2021 11:41am

Markets

Fed set to reaffirm recovery mission, face down inflation fears

Powell has frequently noted that it took a decade after the 2008 global financial crisis for the US economy to return to full employment, while inflation consistently fell short of its target.

Published 28 Apr, 2021 11:25am

Business & Finance

Dollar index falls in Europe

LONDON: The dollar was set to post a second week of losses on Friday amid an extended retreat in Treasury yields, as...

Published 17 Apr, 2021 03:28am

Markets

Asia stocks spooked by spike in yields, oil sell-off

For now, the dollar index had bounced to 91.855, from a low of 91.30 to leave it slightly firmer for the week.

Published 19 Mar, 2021 10:13am

Markets

Australia dollar rises on Fed comments, jobs; NZ dollar shrugs off Q4 data

"A key driver (for the Kiwi) is expected to be a continuation of the global recovery which should see commodity currencies outperform," Westpac analysts said in a note.

Published 18 Mar, 2021 10:59am

Markets

Recovery bets support stocks as Fed comes in focus

Bitcoin fell 1.6% from a record high after Reuters reported that India would propose a law banning cryptocurrencies.

Published 15 Mar, 2021 02:01pm

Markets

Dollar struggles for traction after soft US inflation

"The RBNZ will welcome this, but continue to highlight the need for cautious patience."

Published 11 Feb, 2021 09:48am