Trends - Jerome Powell - Business Recorder

Markets

Yield curve steepens as market focus turns to technicals

The Fed's policy stance will likely not change until its Jackson Hole meeting in late August, leaving Treasury yields in a narrow trading range, analysts said.

Published 23 Jun, 2021 11:11pm

Opinion

Investors focus on central bank speakers after extreme market moves

With all eyes on the U.S. central bank this week, some investors are looking to a parade of Federal Reserve speakers...

Published 23 Jun, 2021 04:26am

Markets

Tuesday's early trade: Nasdaq eyes record closing high

NEW YORK: The Nasdaq was on pace for a record closing high on Tuesday, as investors anticipated Federal Reserve ...

Published 23 Jun, 2021 04:26am

Business & Finance

Early trade in New York: Dollar rises, bitcoin drops

NEW YORK: The dollar edged higher on Tuesday before Federal Reserve Chair Jerome Powell will testify before ...

Published 23 Jun, 2021 04:26am

Markets

Nasdaq hits record high as Big Tech roars back

Amazon saw over $5.6 billion in total online sales in the United States on the first day of its Prime promotional event, according to Adobe Digital Economy Index.

Published 22 Jun, 2021 11:39pm

Markets

South African rand weaker as dollar creeps higher

Stocks ended largely flat with the broader Johannesburg All-Share index down a marginal 0.02pc while the Top-40 index ticked just 0.04pc higher.

Published 22 Jun, 2021 11:25pm

Opinion

Fed’s ‘big tent’ framework may fray under inflation surge

The US Federal Reserve’s carefully crafted move last year to a jobs-first monetary policy, touted as giving ...

Published 22 Jun, 2021 04:46am

Markets

Gold gains in Europe

AMSTERDAM/LONDON: Gold clawed back some losses on Monday after posting its biggest weekly percentage fall since ...

Published 22 Jun, 2021 04:46am

Markets

Long-dated yields tumble, curve flattens after Fed

Yields initially spiked after the Fed said on Wednesday that policymakers expect to increase rates two times in 2023.

Published 18 Jun, 2021 01:26am

Print

Fed signals rate hikes for 2023

WASHINGTON: The Federal Reserve on Wednesday brought forward its projections for the first post-pandemic interest...

Published 17 Jun, 2021 03:27am

Markets

US Fed expected to stand its ground despite rising inflation

But the recent surge in inflation in the world's largest economy is ramping up the pressure on policymakers to begin to pull back on stimulus programs.

Published 13 Jun, 2021 11:05am

Business & Finance

Powell, Lagarde split over central bank role in climate policy

PARIS: US Federal Reserve chief Jerome Powell said Friday it was not the central bank’s role to set climate ...

Published 05 Jun, 2021 04:08am

World

US inflation surges in April; consumer spending moderates

Core PCE price index jumps 0.7% in April.
Core PCE price index accelerates 3.1% year-on-year.
Consumer spending increases 0.5%; income drops 13.1%.

Published 28 May, 2021 08:53pm

Business & Finance

US regulators signal stronger risk, tax oversight for cryptocurrencies

WASHINGTON: US Federal Reserve chief Jerome Powell turned up the heat on cryptocurrencies on Thursday, saying they...

Updated 24 May, 2021 08:29am

Markets

Wall Street lower after Fed report

NEW YORK: Wall Street ended lower on Wednesday after the US Federal Reserve held interest rates and its monthly...

Published 30 Apr, 2021 05:06am

Print

Fed stays the course, nods to ‘strengthened’ US recovery

WASHINGTON: The Federal Reserve held interest rates and its monthly bond-buying program steady on Wednesday, nodding...

Published 29 Apr, 2021 03:52am

Markets

Yuan off 6-week high, investors await global central bank policy signals

China's official PMI is due for release next Friday.

Published 23 Apr, 2021 11:27am

Markets

US MIDDAY: Gold climbs

NEW YORK: Gold scaled a more than one-month peak on Thursday as US Treasury yields slipped despite...

Published 16 Apr, 2021 03:40am

Markets

Gold falls in NY

NEW YORK: Gold fell on Wednesday as an uptick in US Treasury yields weighed on the non-yielding bullion’s appeal,...

Published 15 Apr, 2021 03:22am

Business & Finance

Current US debt level ‘very sustainable’: Fed’s Powell

WASHINGTON: US government borrowing is on an “unsustainable path” but the current debt level is “very...

Updated 15 Apr, 2021 10:07am

Print

Fed chair says cyberattacks main risk to US economy

WASHINGTON: Federal Reserve chairman Jerome Powell said he was more worried about the risk of a large-scale...

Updated 13 Apr, 2021 09:27am

Markets

Fed chair says cyberattacks main risk to US economy

The Fed was also looking at the possibility that part or even a large part of the financial system could shut down.

Updated 12 Apr, 2021 04:57pm

Print

US economy at an ‘inflection point’: Powell

NEW YORK: The US economy is at an "inflection point" with expectations that growth and hiring will pick up speed in...

Published 12 Apr, 2021 03:59am

Markets

Gold slips in European trade

LONDON: Gold slipped more than 1% on Friday, weighed down by a jump in US Treasury yields and a rebound in the...

Published 10 Apr, 2021 04:34am

Business & Finance

Dollar rises in Europe

LONDON: The dollar gained slightly on Friday but was still heading for its softest week of the year after...

Published 10 Apr, 2021 04:34am

Markets

Gold slips on buoyant bond yields; set for weekly gain

Spot gold was 0.7pc lower at $1,744.07 per ounce by 1:44 p.m. EDT (1744 GMT), having hit its highest price since March 1 at $1,758.45 on Thursday.

Updated 10 Apr, 2021 12:11am

Markets

Dollar at two-week low after U.S. weekly jobless claims rise unexpectedly

The U.S. currency - which appreciated this year, helped in part by a rally in U.S. Treasury yields - has come under pressure in recent sessions as yields have retreated.

Updated 09 Apr, 2021 09:19am

Markets

Gold firms near 1-month peak as dollar, U.S. yields retreat

Spot gold rose 1.11pc to $1,756.56 per ounce by 1:43 p.m. EDT (1743 GMT), having earlier hit its highest since March 1 at $1,758.45.

Updated 09 Apr, 2021 12:07am

World

US defends IMF reserve increase aimed at poor nations

WASHINGTON: US Treasury Secretary Janet Yellen on Wednesday defended the IMF’s move to increase its reserve...

Published 25 Mar, 2021 05:08am

Markets

Gold moves higher in NY

NEW YORK: Gold gained on Wednesday, taking an uptick in US Treasury yields and the dollar in stride, as the...

Published 25 Mar, 2021 05:08am