Fed’s Logan eyes more gradual rate cuts amid more balance sheet cuts NEW YORK: Federal Reserve Bank of Dallas President Lorie Logan said Monday she sees more rate cuts ahead for the... Published 21 Oct, 2024 05:59pm
World Fed seen cutting rates gradually to 3.5% by mid-2025 Federal Reserve policymakers are seen as likely to deliver a quarter-percentage-point interest-rate cut next month... Published 10 Oct, 2024 07:33pm
Business & Finance Fed terminates 2013 money-laundering enforcement action against Citigroup WASHINGTON: The Federal Reserve announced on Tuesday that it had terminated a 2013 enforcement action it filed... Published 02 Oct, 2024 06:19am
Markets Fed seen cutting rates another 50 bps in November The Federal Reserve is likelier than not to deliver a second 50-basis-point interest rate cut in November, traders... Published 27 Sep, 2024 06:23pm
Business & Finance Big rate cut was ‘appropriate’ first step: Fed official WASHINGTON: The US Federal Reserve’s decision to cut interest rates by half a percentage-point was “an appropriate... Published 23 Sep, 2024 06:18pm
Business & Finance Dollar lower in choppy trade NEW YORK: The US dollar edged slightly lower in choppy trading on Wednesday as markets grappled with the supersized... Published 20 Sep, 2024 06:10am
World US Fed rate cut is ‘very positive sign’ for economy: Yellen WASHINGTON: The US central bank’s decision to slash interest rates this week is a “very positive sign” for where the... Published 19 Sep, 2024 09:10pm
Business & Finance With Fed’s rate cut at hand, debate swirls over how big a move WASHINGTON: The Federal Reserve on Wednesday will lower interest rates for the first time in more than four years as... Updated 18 Sep, 2024 08:42pm
Markets Dollar wobbles toward Fed decision SINGAPORE: The dollar wavered on Wednesday, while the yen regained some lost ground as investors made last-minute... Published 18 Sep, 2024 08:36am
Business & Finance US Fed begins two-day meeting set to end with rate cut WASHINGTON: The US Federal Reserve began a two-day interest rate discussion on Tuesday that is all-but-certain to... Published 17 Sep, 2024 08:17pm
Business & Finance Fed expected to announce its first interest rate cut since 2020 WASHINGTON: The Federal Reserve is gearing up to announce its first interest rate cut for more than four years on... Published 16 Sep, 2024 06:08am
World Fed seen cutting policy rate by 25 bps next week US central bankers will likely start long-awaited interest-rate cuts next week with a quarter-of-a-percentage-point... Updated 11 Sep, 2024 07:13pm
Markets Yen hits eight-month high as focus shifts to US politics, BOJ rate hikes TOKYO: The safe-haven yen hit its highest since the start of the year against the dollar on Wednesday as US... Published 11 Sep, 2024 10:05am
Business & Finance US Fed vice chair tones down proposals for fresh banking regulations WASHINGTON: A senior US Federal Reserve official proposed Tuesday a number of “broad and material” changes to new... Published 10 Sep, 2024 07:41pm
World Fed’s Williams says time has arrived to start rate cuts The stance of monetary policy can be moved to a more neutral setting over time depending on the evolution of the data, the outlook, and the risks to achieving our objectives, says Federal Reserve Bank of New York President John Williams Updated 06 Sep, 2024 10:17pm
Business & Finance US dollar gains after GDP data NEW YORK: The US dollar rose on Thursday after data showed the world’s largest economy grew a little faster than... Published 30 Aug, 2024 06:08am
Business & Finance Fed’s Williams expects rates to come down as inflation pressures ease Federal Reserve President John Williams said on Tuesday interest rates will come down gradually over time, but he... Updated 19 Jun, 2024 08:52am
Markets Gold prices up as US bond yields ease, Fed speakers in focus Gold prices edged higher on Tuesday as Treasury yields eased, with market participants awaiting US data and comments... Published 18 Jun, 2024 10:18am
Business & Finance US dollar rallies after jobs report NEW YORK: The US dollar jumped on Friday after data showed the world’s largest economy created a lot more jobs ... Published 08 Jun, 2024 07:00am
World Fed seen more likely to cut rates in Sept after PCE data The Federal Reserve is more likely to deliver a long-awaited rate cut in September after a U.S. Commerce Department... Published 31 May, 2024 07:05pm
Markets China stocks close down as investors await inflation data SHANGHAI: Chinese stocks closed down on Tuesday as traders awaited key inflation data from major economies this week... Published 29 May, 2024 06:05am
Markets Qatar index hits 7-month low as most Gulf bourses slip DUBAI: Stock markets in the Gulf slipped on Monday as investors turned cautious ahead of the US inflation data this... Published 28 May, 2024 05:30am
Markets Oil prices rise after positive US economic data LONDON: Oil futures rose on Thursday bolstered by slower than expected inflation and a stabilising U.S. job market,... Updated 16 May, 2024 07:37pm
Business & Finance Fed gets some good news on inflation progress Federal Reserve policymakers waiting to see renewed progress on inflation before reducing borrowing costs got some... Published 15 May, 2024 08:53pm
Business & Finance US Fed official now sees just one rate cut at end of 2024 WASHINGTON: The current strength of the US economy means the Federal Reserve should cut interest rates just once... Published 03 Apr, 2024 09:50pm
Business & Finance US Fed official predicts higher long-term interest rates WASHINGTON: A senior Federal Reserve official confirmed Tuesday that she recently raised her prediction for interest... Published 02 Apr, 2024 09:52pm
Business & Finance US Fed expected to keep rates on hold and debate timing of cuts WASHINGTON: The US Federal Reserve could provide additional clues on Wednesday about how much it will cut interest... Published 20 Mar, 2024 06:36pm
Business & Finance US Fed kicks off rate meeting with timing of cuts up for discussion WASHINGTON: The US Federal Reserve began two days of discussions on Tuesday at which policymakers are expected to... Published 19 Mar, 2024 07:17pm
Markets Dollar steadies as traders weigh hotter-than-expected inflation TOKYO: The US dollar held steady against a handful of rival currencies on Wednesday, as traders weighed what impact... Published 13 Mar, 2024 09:55am
Business & Finance Asian FX in ‘wait and watch’ mode ahead of US CPI BENGALURU: Most Asian currencies were subdued on Tuesday as traders refrained from making fresh bets ahead of a key... Published 13 Mar, 2024 06:31am