Trends - US interest rates - Business Recorder

Business & Finance

Wells Fargo profit exceeds estimates as rising rates bolster income

NEW YORK: Wells Fargo & Co’s profit surpassed expectations for the first quarter on Friday as it earned more...

Published 17 Apr, 2023 06:41am

Business & Finance

Dollar edges up

NEW YORK: The dollar edged higher on Tuesday as traders set aside a fairly strong reading of consumer price data and...

Published 15 Mar, 2023 06:01am

Business & Finance

Dollar firmer

NEW YORK: The dollar strengthened on Thursday after unemployment claims pointed to a strong US jobs market that ...

Published 03 Mar, 2023 07:30am

Markets

Gold at one-week peak as dollar slides

NEW YORK: Gold prices gained 1% on Wednesday as strong Chinese economic data dented the dollar and drove some bets...

Published 02 Mar, 2023 06:23am

Business & Finance

Dollar drops after recent gains

NEW YORK: The dollar tumbled from a seven-week high on Monday, tracking declines in US Treasury yields, as investors...

Published 28 Feb, 2023 07:12am

Business & Finance

Dollar steady as data point to higher-for-longer US interest rates

NEW YORK: The dollar was steady against its major peers on Thursday, as new data showed a still-tight US labor...

Published 24 Feb, 2023 06:00am

Markets

Copper poised for third straight weekly loss on weak Chinese demand

LONDON: Copper prices were on track for a third consecutive weekly loss on Friday as Chinese demand remained weak ...

Published 13 Feb, 2023 05:57am

Business & Finance

Possible Fed could raise rates beyond December forecast: Powell

NEW YORK: Federal Reserve Chairman Jerome Powell said on Wednesday he is not fully sure where the central bank will...

Published 02 Feb, 2023 04:51am

Business & Finance

US Fed starts policy meeting with smaller rate hike likely

WASHINGTON: US central bankers opened a two-day policy meeting Tuesday on rising expectations that they will slow...

Published 31 Jan, 2023 09:16pm

Markets

Dollar set for fourth monthly drop as Fed meeting looms

SINGAPORE: The dollar was eyeing a fourth monthly loss on Tuesday as investors reckon a peak in US interest rates...

Published 31 Jan, 2023 09:44am

Markets

Fed wants 'flexibility' on rates as inflation remains key focus, minutes show

WASHINGTON: All officials at the Federal Reserve's Dec. 13-14 policy meeting agreed the U.S. central bank should ...

Published 05 Jan, 2023 12:55am

Markets

Dollar gains as US spending points to rate hikes; Aussie tumbles

SINGAPORE: The dollar rebounded on Thursday as strong US retail data cast doubt on the recent narrative that...

Published 17 Nov, 2022 10:40am

Business & Finance

Sterling hits 3-month high

LONDON: The pound hit three-month highs against the dollar on Tuesday, after last month’s US producer inflation...

Published 16 Nov, 2022 05:50am

Markets

Copper gains as US inflation data points to fewer rate rises

LONDON: Prices of copper and other industrial metals rose sharply on Thursday after US data showed that underlying...

Published 11 Nov, 2022 05:54am

Markets

Wall St slides as Fed signals more interest rate hikes

Wall Street's main indexes were on track to extend losses for a fourth straight session on Thursday as investors...

Published 03 Nov, 2022 11:45pm

Markets

Gold set for seventh monthly loss; Fed meeting in focus

Gold prices were flat on Monday and headed for a seventh straight monthly loss, pressured by oversized US interest...

Published 31 Oct, 2022 12:11pm

Opinion

Debt rescheduling challenge

The country is going through a very difficult balance of payment (BoP) situation. The core of the problem is growing...

Published 31 Oct, 2022 06:23am

Opinion

As US Treasuries tumble, some investors say turning point is near

Some investors believe Treasury yields are close to peaking, even as markets continue pricing in more hawkishness...

Published 22 Oct, 2022 05:42am

Markets

Gold choppy

NEW YORK: Gold wobbled near a one-week low on Tuesday, with price moves restrained as investors sat tight before a...

Published 12 Oct, 2022 05:46am

Markets

Copper firms

LONDON: Copper prices rose on Monday but Chinese-led demand fears, expectations of further increases to US interest...

Published 11 Oct, 2022 05:54am

Markets

Yields rise as Fed officials vow to fight hot inflation

NEW YORK: Treasury yields rose on Friday in a volatile week rocked by a Bank of England intervention that sent bond...

Published 03 Oct, 2022 05:52am

Opinion

Embattled emerging markets face fresh pain from US rate hikes

The prospect of US interest rates climbing to levels last seen in the run-up to the global financial crisis has cast...

Published 28 Sep, 2022 05:51am

Markets

Gold steadies near 2.5-year low

NEW YORK: Gold prices edged up from a 2-1/2-year low on Monday as the dollar pulled back slightly from its ...

Published 27 Sep, 2022 04:06am

Markets

Stocks recover before US rate hike

LONDON: European stock markets recovered from initial falls Wednesday, as traders awaited another hefty US interest...

Updated 21 Sep, 2022 05:17pm

Markets

Aluminium slides on strong dollar and demand outlook

LONDON: Aluminium prices dropped to a 17-month low on Wednesday and most other base metals lost ground as faltering...

Published 08 Sep, 2022 05:43am

Markets

Yen sinks to new 24-year low against dollar

LONDON: The yen plunged to a new 24-year low against the dollar on Thursday as Japan sticks with its long-standing...

Updated 01 Sep, 2022 09:02pm

Print

Oil prices sink $2/bbl on possible Iran oil exports, rising interest rates

NEW YORK: Oil prices slumped by about $2 a barrel on Thursday in volatile trade as investors braced for the possible...

Published 26 Aug, 2022 05:35am

Markets

FTSE 100 ends down as GSK slumps

LONDON: Britain’s main stock indexes closed lower on Thursday, with the blue-chip FTSE 100 hit by a slump in...

Published 12 Aug, 2022 05:44am

Markets

S&P 500, Nasdaq retreat despite signs of slowing inflation

NEW YORK: The S&P 500 and Nasdaq retreated on Thursday despite fresh evidence of inflation cooling further on ...

Published 12 Aug, 2022 05:44am

Print

Fed unveils 75-basis-point rate hike

Move aimed at cooling down most intense breakout of inflation since the 1980s

Updated 28 Jul, 2022 10:56am