Trends - Federal Reserve - Business Recorder

Federal Reserve

Fed begins crucial rate talks amid ongoing bank concerns

WASHINGTON: Federal Reserve members kicked off two days of crucial interest rate talks on Tuesday, as the US central...

Published 21 Mar, 2023 08:04pm

Business & Finance

Global banking turbulence prompts Wall Street banks to trim hawkish Fed bets

Goldman Sachs is expecting a pause this week from the U.S. Federal Reserve after a year-long rate increase campaign...

Published 20 Mar, 2023 09:07pm

Markets

Wall Street Week Ahead: Plunging bond yields boost stocks’ allure ahead of Fed meeting

NEW YORK: Whipsawed US stocks have gained an unexpected ally in recent days - a historic plunge in bond yields. US...

Published 20 Mar, 2023 06:12am

World

U.S. Treasury, Federal Reserve in touch with Swiss authorities after UBS deal to buy Credit Suisse

WASHINGTON: The U.S. Federal Reserve and the Treasury Department said on Sunday they welcomed the announcements by...

Published 20 Mar, 2023 12:57am

Markets

Biden to defend US banking system after SVB, Signature collapse

WASHINGTON: President Joe Biden will on Monday address a banking crisis that led US regulators to step in with a...

Published 13 Mar, 2023 12:06pm

Business & Finance

Dollar weakens after US jobs data

NEW YORK: The dollar weakened on Friday after US labor data showed slower wage growth, suggesting inflation ...

Published 13 Mar, 2023 06:15am

Markets

Wall Street Week Ahead: US economic resilience could add lustre to semiconductor shares

NEW YORK: Signs of a resilient US economy are boosting the appeal of semiconductor stocks, even as worries over the...

Published 27 Feb, 2023 06:17am

Markets

Markets fall as Fed warns rates to go higher for longer

HONG KONG: Markets mostly fell Thursday on the prospect of US interest rates going higher, and for longer, as...

Published 09 Feb, 2023 10:36am

Markets

Wall St falls as policymakers’ comments fan rate hike worries

NEW YORK: Wall Street’s main stock indexes slipped on Wednesday as comments from Federal Reserve officials...

Published 09 Feb, 2023 06:02am

World

Fed's Waller sees no sign of 'quick' decline in inflation

WASHINGTON: Inflation seems poised to continue slowing this year but the U.S. central bank's battle to reach its 2%...

Published 08 Feb, 2023 11:50pm

Business & Finance

US Fed unveils smaller rate hike but signals inflation fight not over

WASHINGTON: America's Federal Reserve slowed its pace of interest rate hikes Wednesday, tempering an aggressive...

Updated 02 Feb, 2023 12:31am

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

Business & Finance

US economy grows strongly in fourth quarter

WASHINGTON: The US economy maintained a strong pace of growth in the fourth quarter as consumers boosted spending on...

Published 30 Jan, 2023 05:56am

World

Wall St falls as labour market resilience spurs rate hike worries

NEW YORK: US stock indexes fell on Thursday after data pointing to a tight labor market sparked worries that the...

Published 20 Jan, 2023 06:10am

Markets

Indian rupee seen lower as growth fears hit risk sentiment

MUMBAI: The Indian rupee is likely to weaken at open against the US dollar on Thursday as mounting global growth...

Published 19 Jan, 2023 10:34am

Markets

Gold prices steady as focus shifts to Powell’s speech

Gold prices were steady on Tuesday, with cautious traders largely focusing on Federal Reserve Chair Jerome Powell’s...

Published 10 Jan, 2023 09:27am

Business & Finance

Oil rises over 1pc

NEW YORK: Oil prices rose over 1% on Monday after China’s move to reopen its borders boosted the outlook for fuel...

Published 10 Jan, 2023 06:00am

Markets

Oil jumps 3% on demand optimism as China’s borders reopen

LONDON: Oil extended gains on Monday, rising more than 3% after China’s move to reopen its borders boosted the...

Updated 09 Jan, 2023 08:50pm

Markets

Fed seen slowing rate hike pace further next month

The Federal Reserve is seen slowing its interest-rate hikes further after a government report on Friday showed wage...

Published 06 Jan, 2023 07:51pm

Markets

US yields fall after mixed non-farm payrolls report

NEW YORK: US Treasury yields pulled back on Friday, after data showed wage inflation declined in December even...

Published 06 Jan, 2023 07:28pm

World

US unemployment dips in December as job gains remain robust

WASHINGTON: US job gains exceeded expectations in December while the unemployment rate ticked down, a...

Published 06 Jan, 2023 07:10pm

Business & Finance

Dollar jumps on strong employment data

NEW YORK: The dollar jumped on Thursday after data pointed to a strong jobs market a day before Friday’s highly...

Published 06 Jan, 2023 05:58am

Markets

Wall Street sell-off deepens as recession fears bite

NEW YORK: Wall Street’s main stock indexes extended losses on Friday as fears of a looming recession sparked by ...

Published 19 Dec, 2022 06:00am

Markets

Wall Street falls sharply on angst over hawkish Fed

NEW YORK: US stock indexes fell sharply on Thursday, with the Dow on track for its steepest single-day fall in three...

Published 16 Dec, 2022 05:58am

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

Opinion

Investors on alert for policy error after cheering slower rate hikes

Central banks are starting to slow aggressive rate rises but are far from done even as recession looms, leaving...

Published 13 Dec, 2022 05:58am

Business & Finance

US dollar slips as markets expect lower inflation

NEW YORK: The dollar fell on Monday in thin trading as investors priced in a lower US consumer price inflation ...

Published 13 Dec, 2022 05:58am

Business & Finance

Dollar gives back gains as strong wage growth complicates Fed policy

NEW YORK: The dollar dipped on Friday as a Federal Reserve official said rate hikes are likely to slow and as...

Published 05 Dec, 2022 05:47am

Markets

Rupee registers gains, settles at 223.69 against US dollar

Currency appreciates 0.12% against US dollar

Updated 01 Dec, 2022 07:23pm

Business & Finance

Indian rupee posts best weekly performance

MUMBAI: The Indian rupee surged against the dollar on Friday on expectations of a less hawkish Federal Reserve ...

Published 14 Nov, 2022 05:55am

Gainers
Losers
Leaders

Stock	Price
786 Invest Ltd / Mar 26 786 Investments Limited(786)	4.95 ▼ 0.00 (0.00%)
AL-Abbas Sugar / Mar 26 Al-Abbas Sugar Mills Limited(AABS)	361.20 ▼ 0.00 (0.00%)
Agro Allianz / Mar 26 Agro Allianz Limited(AAL)	16 ▼ 0.00 (0.00%)
AL-Abid Silk / Mar 26 Al-Abid Silk Mills Limited(AASM)	3.49 ▼ 0.00 (0.00%)
Ali Asghar / Mar 26 Ali Asghar Textile Mills Limited(AATM)	2.07 ▼ 0.00 (0.00%)
Allied Bank / Mar 26 Allied Bank Limited(ABL)	62.50 ▼ 0.00 (0.00%)
Abbott Lab. / Mar 26 Abbott Laboratories (Pakistan) Limited(ABOT)	398.28 ▼ 0.00 (0.00%)
Abson Ind. / Mar 26 Abson Industries Limited(ABSON)	2.50 ▼ 0.00 (0.00%)
Alfalah ETF. / Mar 26 Alfalah Consumer Index ETF.(ACIETF)	6.72 ▼ 0.00 (0.00%)
Attock Cement / Mar 26 Attock Cement Pakistan Limited(ACPL)	56.07 ▼ 0.00 (0.00%)

Stock	Price
786 Invest Ltd / Mar 26 786 Investments Limited(786)	4.95 ▲ 0.00 (0.00%)
AL-Abbas Sugar / Mar 26 Al-Abbas Sugar Mills Limited(AABS)	361.20 ▲ 0.00 (0.00%)
Agro Allianz / Mar 26 Agro Allianz Limited(AAL)	16 ▲ 0.00 (0.00%)
AL-Abid Silk / Mar 26 Al-Abid Silk Mills Limited(AASM)	3.49 ▲ 0.00 (0.00%)
Ali Asghar / Mar 26 Ali Asghar Textile Mills Limited(AATM)	2.07 ▲ 0.00 (0.00%)
Allied Bank / Mar 26 Allied Bank Limited(ABL)	62.50 ▲ 0.00 (0.00%)
Abbott Lab. / Mar 26 Abbott Laboratories (Pakistan) Limited(ABOT)	398.28 ▲ 0.00 (0.00%)
Abson Ind. / Mar 26 Abson Industries Limited(ABSON)	2.50 ▲ 0.00 (0.00%)
Alfalah ETF. / Mar 26 Alfalah Consumer Index ETF.(ACIETF)	6.72 ▲ 0.00 (0.00%)
Attock Cement / Mar 26 Attock Cement Pakistan Limited(ACPL)	56.07 ▲ 0.00 (0.00%)

Stock	Volume
WorldCall Telecom / Mar 26 Worldcall Telecom Limited(WTL)	4,011,170 ▲ 0.00
Telecard Limited / Mar 26 Telecard Limited(TELE)	3,877,000 ▲ 0.00
TPL Properties / Mar 26 TPL Properties Limited(TPLP)	1,839,174 ▲ 0.00
Pak Elektron / Mar 26 Pak Elektron Limited(PAEL)	1,788,500 ▲ 0.00
Fauji Cement / Mar 26 Fauji Cement Company Limited(FCCL)	1,517,500 ▲ 0.00
Ghani Glo Hol / Mar 26 Ghani Global Holdings Limited(GGL)	1,464,753 ▲ 0.00
TRG Pak Ltd / Mar 26 TRG Pakistan Limited(TRG)	1,323,297 ▲ 0.00
Cnergyico PK / Mar 26 Cnergyico PK Limited(CNERGY)	1,307,610 ▲ 0.00
Fauji Foods Ltd / Mar 26 Fauji Foods Limited(FFL)	1,204,138 ▲ 0.00
Hascol Petrol / Mar 26 Hascol Petroleum Limited(HASCOL)	1,161,000 ▲ 0.00

Markets →

Forex
World
Commodity

Currency	Rate
USD PKR Interbank Selling / Mar 22	285.50
USD PKR Interbank Buying / Mar 22	283.20
USD to Japanese Yen / Mar 24	130.73
USD to Swiss Franc / Mar 24	0.92
Pound Sterling to USD / Mar 24	1.22
Euro to USD / Mar 24	1.08
UK LIBOR % / Mar 22	4.56

Stock	Volume
S&P 500 / Mar 24	3970.99
India Sensex / Mar 24	57527.10
Tokyo Nikkei / Mar 24	27385.25
Nasdaq / Mar 24	11823.96
Hang Seng / Mar 24	19915.68
FTSE 100 / Mar 24	7405.45
Dow Jones / Mar 24	32237.53
Germany DAX 30 / Mar 24	14957.23
France CAC40 / Mar 24	7015.10

Item	Value
Karachi Cotton PKR/37.32 KG / Mar 21	19235
Gold 10 Grams PKR / Mar 22	175068
Crude Oil USD/Barrel / Mar 24	69.26
Gold Spot USD/Ounce / Mar 24	1978.21
Cotton US¢/pound / Mar 24	76.54

Federal Reserve

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