Trends - Jerome Powell - Business Recorder

Jerome Powell

Gold volatility has risen

The Federal Reserve’s decision to keep its policy rate steady was the most significant economic development of the...

Published 24 Mar, 2025 06:28am

Business & Finance

Fed likely to keep rates steady

WASHINGTON: The US Federal Reserve is widely expected to keep interest rates unchanged at its policy meeting this...

Published 17 Mar, 2025 05:29am

Markets

Wall St retreats as cyclical stocks drag after jobs data

NEW YORK: Wall Street’s main indexes gave up early gains and fell on Friday, dragged down by cyclical stocks after a...

Published 08 Mar, 2025 02:48am

World

Fed Chair Powell flags uncertainty in US economy

WASHINGTON: US Federal Reserve Chair Jerome Powell flagged high uncertainty Friday surrounding President Donald...

Published 07 Mar, 2025 11:35pm

World

Fed seen restarting rate cuts in June as still-elevated inflation slows

US benchmark interest rate is currently at 4.25%-4.50%

Updated 28 Feb, 2025 10:11pm

Markets

Wall St on track for weekly gains, awaits more tariff insights

NEW YORK: Wall Street’s main indexes were muted on Friday, though set for firm weekly advances as Treasury yields...

Published 15 Feb, 2025 05:54am

World

Fed’s Powell heads to Congress with good data in hand but rising uncertainty

WASHINGTON: Federal Reserve Chair Jerome Powell begins two days of hearings on Capitol Hill on Tuesday with the...

Published 11 Feb, 2025 04:42pm

Markets

S&P 500, Nasdaq climb as Apple gains

NEW YORK: The S&P 500 and the Nasdaq rose on Friday, as Apple gained following a strong sales forecast and a...

Published 01 Feb, 2025 06:30am

World

Fed holds rates steady, drops reference to inflation ‘progress’ from policy statement

WASHINGTON: The Federal Reserve held interest rates steady on Wednesday and gave little insight into when further...

Published 30 Jan, 2025 12:23am

World

Fed minutes may begin to show the hurdle to further rate cuts

WASHINGTON: Federal Reserve officials have been signaling that further interest rate cuts are on hold for now given...

Published 08 Jan, 2025 07:15pm

Markets

European debt yields steady

FRANKFURT: Euro zone borrowing costs steadied on Friday, while US Treasury yields hovered near multi-month highs...

Published 18 Nov, 2024 02:54am

Business & Finance

Dollar set for strong weekly rise

NEW YORK: The US dollar was set for its biggest weekly gain in over a month on Friday, as markets reassessed...

Published 16 Nov, 2024 06:04am

World

Fed cuts rates, notes labor market easing and solid economic growth

Slashes benchmark interest rate by 25 basis points to target range of 4.5% to 4.75%

Published 08 Nov, 2024 12:20am

World

US Fed Chair sees ‘further disinflation’ in economy

WASHINGTON: The United States is set to see inflation cool further towards policymakers’ target, Federal Reserve...

Published 01 Oct, 2024 12:23am

World

Fed cuts rates by half a percentage point, cites ‘greater confidence’ about inflation

Fed had held policy rate in the 5.25%-5.50% range since July of 2023 as inflation fell from a 40-year high to a level that is now approaching the central bank's target

Updated 19 Sep, 2024 12:23am

Markets

Gold ekes out gains as traders strap in for Powell’s Speech

BENGALURU: Gold prices gained on Friday on a softer dollar, while traders braced ahead of Federal Reserve Chair...

Published 25 Aug, 2024 03:05am

Markets

S&P 500 nears record high as Powell signals rate cut

NEW YORK: All three major US stock indexes gained more 1 percent on Friday, with the benchmark S&P 500 nearing ...

Published 24 Aug, 2024 06:23am

Markets

Nikkei rises as BOJ chief softens hawkish tone

TOKYO: Japan’s Nikkei share average ended Friday with gains following a rollercoaster session as traders reacted ...

Published 24 Aug, 2024 06:23am

Markets

China shares snap three-day losing streak

SHANGHAI: China stocks ended higher on Friday after three straight sessions of losses, while Hong Kong shares fell ...

Published 24 Aug, 2024 06:23am

Markets

European shares end higher as Powell backs rate cuts

FRANKFURT: Europe’s STOXX 600 ended near session-highs amidst broad-based gains on Friday, as global markets...

Published 24 Aug, 2024 06:23am

Markets

Wall Street slips as yields perk up

NEW YORK: Wall Street’s main indexes fell in volatile trading on Thursday, as rising Treasury yields pressured...

Published 23 Aug, 2024 03:24am

Markets

Oil prices edge down on worries about Chinese demand

HOUSTON: Oil prices declined on Tuesday on worries of a slowing Chinese economy crimping demand and despite a ...

Published 17 Jul, 2024 02:42am

Markets

French stocks drag European shares lower on political concerns

PARIS: European shares dropped for a third straight session on Tuesday, dragged down by weakness in French stocks as...