Trends - Fed Chair Jerome Powell

Markets

US Fed’s preferred inflation gauge eases in November

WASHINGTON: A key indicator of US inflation edged down from a year ago in November, according to government data...

Published 23 Dec, 2022 07:53pm

Markets

Gold rangebound as traders await economic data

Gold edged up on Thursday, helped by a softer dollar in holiday-thinned trading, but prices moved in a tight range...

Published 22 Dec, 2022 09:46am

Business & Finance

Global 2023 earnings growth: Recession, rate hikes seen jamming brakes

NEW YORK/LONDON: Corporate earnings growth is expected to slow in the year ahead in many countries as higher...

Published 21 Dec, 2022 06:05am

Markets

Wall Street falls as recession worries persist

NEW YORK: US stock indexes fell on Monday, led by shares of Tesla and other megapcap companies, as investors feared...

Published 20 Dec, 2022 06:48am

Print

Fed raises rates by half percentage point, sees economy nearing stall

WASHINGTON: The Federal Reserve raised interest rates by half a percentage point on Wednesday and projected at least...

Published 15 Dec, 2022 06:00am

Markets

Fed lifts rates by half percentage point, sees economy nearing stall speed

The Fed's policy rate, which began the year at the near-zero level, is now in a target range of 4.25% to 4.50%, the highest since late 2007

Published 15 Dec, 2022 12:22am

Markets

US Fed expected to slow pace of rate hikes as inflation eases

WASHINGTON: US central bankers open the second day of a key policy meeting Wednesday, with mounting anticipation of...

Published 14 Dec, 2022 10:45am

Business & Finance

US inflation will be much lower by end of 2023: Yellen

US Treasury Secretary Janet Yellen on Sunday forecast a substantial reduction in US inflation in 2023, barring an...

Published 12 Dec, 2022 10:25am

Markets

US Fed poised for smaller rate hike with eye on wage growth

Decision will be announced after a two-day meeting of the policy-setting Federal Open Market Committee (FOMC) starting Tuesday

Updated 11 Dec, 2022 06:27pm

Business & Finance

Global central banks increase pace of rate hike in November

LONDON: The pace and scale of rate hikes delivered by central banks in November picked up speed again as policy...

Updated 05 Dec, 2022 06:45am

Markets

Dollar holds firm as China’s COVID-related worries weigh

The dollar held its overnight gains on Tuesday as concerns about unrest in China over COVID-19 restrictions dampened...

Published 29 Nov, 2022 09:31am

Business & Finance

Fed delivers big rate hike

WASHINGTON: The Federal Reserve on Wednesday raised interest rates by three-quarters of a percentage point as it...

Updated 03 Nov, 2022 09:41am

Markets

Fed poised for further US rate hike as political pressure mounts

WASHINGTON: US central bankers are expected to announce another steep interest rate hike Wednesday as they try to...

Published 02 Nov, 2022 03:27pm

Markets

Asian shares rise, dollar dips ahead of Fed policy decision

SYDNEY: Asian shares climbed on Wednesday, led by Chinese stocks on reopening hopes, while the dollar sagged as...

Published 02 Nov, 2022 11:25am

Print

Fed set for further steep rate hike as recession fears loom

WASHINGTON: The US Federal Reserve is pegged to make a fourth straight steep hike in the key interest rate this week...

Updated 31 Oct, 2022 10:27am

Markets

Steep Fed rate hike seen as certainty after ugly inflation data

WASHINGTON: The Federal Reserve is poised to unleash another massive interest rate increase this week after the...

Updated 18 Sep, 2022 01:09pm

Markets

Fed’s Powell to hammer home inflation-fighting message

WASHINGTON: With US inflation at a 40-year high, economists say there is no doubt about the Federal Reserve’s policy...

Published 26 Aug, 2022 10:48am

Markets

Oil pares losses after Saudi oil minister says OPEC+ has options including cuts

HOUSTON: Oil prices bounced off session lows to trade nearly flat in a volatile session on Monday, after Saudi...

Updated 22 Aug, 2022 10:33pm

Markets

India’s Nifty, Sensex hit 3-month high

BENGALURU: India’s blue-chip stock indexes hit a three-month closing high on Thursday, led by a surge in Bajaj...

Published 29 Jul, 2022 06:14am

Business & Finance

Indian rupee sees biggest daily gain in over 2 months

MUMBAI: The Indian rupee saw its biggest single-day gain in more than two months on Thursday, tracking strength in...

Published 29 Jul, 2022 06:14am

Print

Oil slumps nearly 3pc

NEW YORK: Oil prices tumbled about 3% on Wednesday as investors worried that rate hikes by the Federal Reserve could...

Published 23 Jun, 2022 06:05am

Business & Finance

Fed begins meeting with massive hike possible amid price surge

WASHINGTON: US central bankers opened their two-day policy meeting Tuesday amid a blistering inflation surge that ...

Published 15 Jun, 2022 07:26am

Opinion

If Fed has to choose, markets could get much uglier

If the US Federal Reserve were to take its political cue at face value and focus solely on putting inflation back in...

Published 22 May, 2022 06:03am

Print

Fed to ‘keep pushing’ rates higher until clear inflation is falling

WASHINGTON: The Federal Reserve will “keep pushing” to tighten US monetary policy until it is clear that...

Published 18 May, 2022 05:54am

Markets

Ukraine war complicates Fed's inflation fighting effort

WASHINGTON: The uncertainty created by Russia's invasion of Ukraine and its impact on the global economy is piling...

Published 27 Feb, 2022 12:32pm

Print

Biden’s Fed nominees in limbo

NEW YORK: US Senate action on President Joe Biden’s five nominees to the Federal Reserve stalled Tuesday after...

Updated 17 Feb, 2022 10:07am

Markets

Lisa Cook, expert on economic scars of racism, now Biden Fed nominee

WASHINGTON: A researcher focused on how discrimination has harmed the American economy and the damage downturns do ...

Published 03 Feb, 2022 11:05am

Opinion

With Fed set to hike US rates, ‘ultra-cheap money’ era nears end

Consumers, companies and financial markets are bound to see borrowing costs rise as the Federal Reserve gets ready ...

Published 29 Jan, 2022 06:05am

Print

Fed sharpens inflation-fighting tools as rate hikes near

WASHINGTON: The Federal Reserve has its inflation-fighting weapons ready to fire, and when the US central bank’s...

Updated 24 Jan, 2022 09:27am

Business & Finance

Fed sharpens inflation-fighting tools as rate hikes near

WASHINGTON: The Federal Reserve has its inflation-fighting weapons ready to fire, and when the US central bank's...

Published 23 Jan, 2022 11:24am