Trends - Chair Jerome Powell - Business Recorder

Chair Jerome Powell

Gold retreats as dampened Fed rate cut hopes dent appeal

Gold prices slipped on Monday as hopes for early interest rate cuts this year dampened, while focus shifted to the...

Published 29 Apr, 2024 10:42am

Markets

Gulf markets in red ahead of US inflation data

DUBAI: Most stock markets in the Gulf ended lower on Tuesday, ahead of US inflation data later in the session, which...

Published 15 Nov, 2023 06:09am

Markets

Gulf bourses drop amid hawkish Fed tone, Mideast conflict

RIYADH: Stock markets in the Gulf fell on Sunday amid warnings of possible further interest rate hikes from the U.S...

Published 23 Oct, 2023 05:58am

Markets

Gulf bourses end higher

DUBAI: Most stock markets in the Gulf gained on Wednesday as investors shrugged off fears of hawkish signals from US...

Published 22 Jun, 2023 05:45am

Markets

Oil rallies 1pc after hawkish remarks from Fed’s Powell

BENGALURU: Oil prices gained a dollar a barrel on Wednesday after some analysts predicted a drawdown in US ...

Published 22 Jun, 2023 05:45am

Business & Finance

Dollar edges down after Powell testimony

NEW YORK: The US dollar edged down against a basket of currencies on Wednesday after Federal Reserve Chair Jerome...

Published 22 Jun, 2023 05:45am

Markets

Wall St slides, Dow set for worst first-half since 1962

NEW YORK: US stocks slipped on Thursday, setting the Dow up for its worst first six months since 1962, on concerns...

Published 01 Jul, 2022 06:13am

Markets

Qatar shares suffer biggest weekly drop in two years on recession fears

DUBAI: Qatari shares led declines in the Gulf on Thursday to post their biggest weekly decline in more than two...

Published 24 Jun, 2022 06:15am

Markets

Oil prices dive $2/barrel on fear Fed rate hikes will hurt demand

NEW YORK: Oil prices fell by more than $2 a barrel on Thursday in volatile trading as investors weighed the risk ...

Published 24 Jun, 2022 06:15am

Markets

Wall Street edges higher after Powell’s remarks

NEW YORK: US stock indexes edged higher in choppy trading on Wednesday, with healthcare shares offsetting losses in...

Published 23 Jun, 2022 06:05am

Business & Finance

Dollar rises off of 1-month low ahead of Fed minutes

NEW YORK: The US dollar snapped a two-day losing streak on Wednesday ahead of the release of the minutes from the US...

Published 26 May, 2022 05:26am

Business & Finance

Dollar rebounds as risk appetite fades

NEW YORK: The US dollar edged higher on Wednesday, on pace to snap a three-session losing streak, as concerns about...

Published 19 May, 2022 05:29am

Opinion

Battered bulls hope Fed pain in rearview mirror after Powell maps out hikes

Federal Reserve Chair Jerome Powell gave investors a glimmer of hope that the central bank is unlikely to become ...

Published 06 May, 2022 05:03am

Business & Finance

US dollar rallies to more than 2-year high on steep Fed rate hike outlook

NEW YORK: The dollar surged to a more than two-year high on Friday, continuing to draw support from Federal Reserve...

Published 23 Apr, 2022 04:45am

World

Ukraine war impact on US economy 'highly uncertain’: Fed's Powell

WASHINGTON: The impact of the conflict in Ukraine on the US economy is "highly uncertain," and the central bank will...

Published 02 Mar, 2022 07:03pm

Markets

Sterling, euro gain on dollar after Fed announces taper

HONG KONG: The dollar lost ground on the euro and sterling on Thursday after the US Federal Reserve said it would ...

Published 04 Nov, 2021 09:56am

Business & Finance

Australia, NZ dollars cling to gains

SYDNEY: The Australian and New Zealand dollars were hanging onto much-needed weekly gains on Friday as investors...

Published 28 Aug, 2021 03:54am

Business & Finance

Dollar slips after Powell beckons tapering

NEW YORK: The dollar slid on Friday after the market perceived a highly anticipated speech by Federal Reserve Chair...

Published 28 Aug, 2021 03:54am

Markets

Wall Street falls on taper worries, Kabul blast

NEW YORK: Wall Street's main indexes fell to session lows on Thursday on fears of a faster tapering of the US ...

Published 27 Aug, 2021 04:52am

Markets

Tokyo stocks close flat ahead of Jackson Hole

TOKYO: Tokyo stocks closed flat on Thursday with investors on the sidelines ahead of this week's key Jackson Hole...

Published 27 Aug, 2021 04:52am

Business & Finance

Sterling steady in sluggish markets

LONDON: Sterling was little changed on Wednesday, slipping slightly against the dollar but lacking direction overall...

Published 26 Aug, 2021 04:52am

Markets

THE RUPEE: All-round loss

KARACHI: On Thursday, PKR went down against USD in both interbank and open markets after recording gains yesterday....