Trends - FOMC - Business Recorder

FOMC

Fed to meet amid dwindling hopes of summer rate cuts

WASHINGTON: The US Federal Reserve is highly likely to keep interest rates unchanged later this week, as...

Updated 29 Apr, 2024 09:20am

Markets

European shares fall as hot US inflation data rains on rate-cut hopes

PARIS: European shares ended lower on Thursday after a hotter-than-anticipated US inflation reading doused hopes of...

Published 12 Jan, 2024 03:06am

Business & Finance

Dollar hits four-month low after Fed pivots, ECB leaves rates unchanged

LONDON: The dollar touched a fresh four-month low on Thursday after the Federal Reserve indicated that its...

Published 15 Dec, 2023 03:12am

Markets

European shares rise on retail, healthcare boost

PARIS: Europe’s benchmark index rose on Wednesday, led by healthcare and retail stocks, with investors bracing for...

Published 02 Nov, 2023 03:16am

Markets

Wall Street muted as investors digest inflation data

NEW YORK: Wall Street’s main indexes were subdued in choppy trading on Thursday, as data showed consumer prices...

Published 13 Oct, 2023 05:50am

Business & Finance

Fed should proceed ‘carefully’ on rate hikes: officials

WASHINGTON: The US Federal Reserve should proceed carefully when deciding whether or not to hike interest rates...

Published 10 Oct, 2023 06:19am

Markets

Australia, NZ dollars calm ahead of central bank moves this week

SYDNEY: The Australian and New Zealand dollars were calm on Monday ahead of a slew of central bank rate decisions...

Published 18 Sep, 2023 10:05am

Markets

US Fed likely to pause rate hikes despite higher inflation

WASHINGTON: The US Federal Reserve is widely expected to hold interest rates steady on Wednesday after a summer of...

Published 17 Sep, 2023 12:35pm

Opinion

Fed doublespeak

Traders with long US equity and long dollar positions that laughed all the way to the bank after the Fed’s latest...

Updated 03 Aug, 2023 06:34am

Markets

Rupee ends 8-session losing streak, settles at 287.04 against US dollar

Currency appreciates 0.52% in inter-bank market

Updated 26 Jul, 2023 09:27pm

Editorials

Caution from Basle

EDITORIAL: The Bank for International Settlements (BIS), the global umbrella body for central banks, sure poured ...

Updated 08 Jul, 2023 06:58am

Business & Finance

US Fed official says more rate hikes necessary

WASHINGTON: A senior US Federal Reserve official said Thursday that additional interest rate hikes are needed to...

Published 23 Jun, 2023 06:00am

Business & Finance

Fed leaves rates steady, sees two small hikes by end of 2023

WASHINGTON: The Federal Reserve kept interest rates unchanged on Wednesday but signaled in new economic projections...

Published 15 Jun, 2023 06:03am

Divided Fed expected to rally around a US interest rate pause

WASHINGTON: The US Federal Reserve is widely expected to pause its campaign of interest rate increases on Wednesday...

Updated 12 Jun, 2023 08:40am

Business & Finance

Top Fed official sees rates rising and staying high

WASHINGTON: US interest rates are likely to rise further, and will need to remain high to effectively tackle...

Published 22 Apr, 2023 03:38am

Business & Finance

Dollar dips before Fed rate decision

NEW YORK: The dollar fell on Wednesday before the Federal Reserve is expected to hike interest rates by an ...

Published 02 Feb, 2023 06:12am

Markets

Dollar rises as inflation pressures persist; FOMC meeting in focus

SINGAPORE: The dollar firmed on Monday after data showed producer prices in the United States rose more than...

Published 12 Dec, 2022 09:40am

Markets

Yields rise, FOMC minutes in focus

NEW YORK: US Treasury yields rose on Friday on expectations that the Federal Reserve will continue hiking rates ...

Published 21 Nov, 2022 05:59am

Markets

Rupee marginally weakens against US dollar, settles at 221.91

Currency has remained largely stable in recent weeks

Updated 15 Nov, 2022 09:02pm

Business & Finance

US dollar climbs as Fed likely to deliver another big hike; sterling slumps

NEW YORK/LONDON: The dollar gained across the board on Monday, regaining some ground it lost earlier in the month,...

Published 01 Nov, 2022 05:55am

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

4th successive decline: rupee settles at 218.89 against US dollar

Depreciates 0.21% in inter-bank market on Monday

Updated 17 Oct, 2022 07:45pm

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

Markets

Japan’s Nikkei ends flat ahead of Fed meeting outcome

TOKYO: Japan’s Nikkei ended flat on Wednesday in cautious trade ahead of a crucial policy decision by the U.S....

Published 16 Dec, 2021 04:00am

Markets

US Fed poised to face down inflation dragon

WASHINGTON: After more than a decade of tame inflation, a wave of prices increases has washed through the US ...

Published 15 Dec, 2021 11:35am

Business & Finance

US Fed opens policy meeting focused on inflation threat

WASHINGTON: The Federal Reserve opened its two-day policy meeting on Tuesday, focused squarely on how to address the...

Updated 14 Dec, 2021 08:25pm

Business & Finance

Japan’s 10-year bond yields gain

TOKYO: Japan’s 10-year government bond yields rose on Friday amid cautious trade ahead of US inflation data and...

Published 13 Dec, 2021 06:45am

Business & Finance

Australia, NZ dollars under pressure on Fed tapering

SYDNEY: The Australian and New Zealand dollars remained under pressure on Wednesday having hit their lowest levels ...

Published 02 Dec, 2021 03:57am

Business & Finance

Dollar retreats as risk appetite rebounds

NEW YORK: The dollar fell across the board on Thursday as improved risk sentiment in global financial markets erased...

Published 24 Sep, 2021 04:40am

Fed expected to stay cautious as economy sends mixed signals

WASHINGTON: With the United States on the upswing from the Covid-19 pandemic, the Federal Reserve is expected to...

Published 20 Sep, 2021 06:41am

Forex
World
Commodity

Currency	Rate
USD PKR Interbank Selling / May 31	278.42
USD PKR Interbank Buying / May 31	278.22
USD to Japanese Yen / May 31	157.31
USD to Swiss Franc / May 31	0.90
Pound Sterling to USD / May 31	1.27
Euro to USD / May 31	1.08

Stock	Volume
S&P 500 / May 31	5277.51
India Sensex / May 31	73961.31
Tokyo Nikkei / May 31	38487.90
Nasdaq / May 31	16735.02
Hang Seng / May 31	18079.61
FTSE 100 / May 31	8275.38
Dow Jones / May 31	38686.32
Germany DAX 30 / May 31	18497.94

Item	Value
Crude Oil USD/Barrel / May 31	76.99
Karachi Cotton PKR/37.32 KG / May 31	19935
Gold 10 Grams PKR / May 31	207219
Gold Spot USD/Ounce / May 31	2327.33
Cotton US¢/pound / May 31	75.11
Petrol/Litre / Jun 1	268.36

Gainers
Losers
Leaders

Stock	Price
786 Invest Ltd / Jun 1 786 Investments Limited(786)	5 ▼ 0.00 (0.00%)
AL-Abbas Sugar / Jun 1 Al-Abbas Sugar Mills Limited(AABS)	585 ▼ 0.00 (0.00%)
Agro Allianz / Jun 1 Agro Allianz Limited(AAL)	16 ▼ 0.00 (0.00%)
AL-Abid Silk / Jun 1 Al-Abid Silk Mills Limited(AASM)	3.49 ▼ 0.00 (0.00%)
Ali Asghar / Jun 1 Ali Asghar Textile Mills Limited(AATM)	2.07 ▼ 0.00 (0.00%)
Allied Bank / Jun 1 Allied Bank Limited(ABL)	87.10 ▼ 0.00 (0.00%)
Abbott Lab. / Jun 1 Abbott Laboratories (Pakistan) Limited(ABOT)	499.34 ▼ 0.00 (0.00%)
Abson Ind. / Jun 1 Abson Industries Limited(ABSON)	2.50 ▼ 0.00 (0.00%)
Alfalah ETF. / Jun 1 Alfalah Consumer Index ETF.(ACIETF)	9.84 ▼ 0.00 (0.00%)

Stock	Price
786 Invest Ltd / Jun 1 786 Investments Limited(786)	5 ▲ 0.00 (0.00%)
AL-Abbas Sugar / Jun 1 Al-Abbas Sugar Mills Limited(AABS)	585 ▲ 0.00 (0.00%)
Agro Allianz / Jun 1 Agro Allianz Limited(AAL)	16 ▲ 0.00 (0.00%)
AL-Abid Silk / Jun 1 Al-Abid Silk Mills Limited(AASM)	3.49 ▲ 0.00 (0.00%)
Ali Asghar / Jun 1 Ali Asghar Textile Mills Limited(AATM)	2.07 ▲ 0.00 (0.00%)
Allied Bank / Jun 1 Allied Bank Limited(ABL)	87.10 ▲ 0.00 (0.00%)
Abbott Lab. / Jun 1 Abbott Laboratories (Pakistan) Limited(ABOT)	499.34 ▲ 0.00 (0.00%)
Abson Ind. / Jun 1 Abson Industries Limited(ABSON)	2.50 ▲ 0.00 (0.00%)
Alfalah ETF. / Jun 1 Alfalah Consumer Index ETF.(ACIETF)	9.84 ▲ 0.00 (0.00%)

Stock	Volume
P.I.A.C.(A) / Jun 1 Pakistan International Airlines Corp(PIAA)	47,200,500 ▲ 0.00
Cnergyico PK / Jun 1 Cnergyico PK Limited(CNERGY)	29,719,327 ▲ 0.00
Pak Petroleum / Jun 1 Pakistan Petroleum Limited(PPL)	21,170,581 ▲ 0.00
Pak Refinery / Jun 1 Pakistan Refinery Limited(PRL)	16,965,134 ▲ 0.00
The Searle Co. / Jun 1 The Searle Company Limited(SEARL)	15,793,227 ▲ 0.00
P.T.C.L. / Jun 1 Pakistan Telecommunication Company Ltd(PTC)	15,054,641 ▲ 0.00
K-Electric Ltd. / Jun 1 K-Electric Limited(KEL)	14,145,556 ▲ 0.00
WorldCall Telecom / Jun 1 Worldcall Telecom Limited(WTL)	13,158,668 ▲ 0.00
Telecard Limited / Jun 1 Telecard Limited(TELE)	12,358,668 ▲ 0.00

Markets →

Calculate your monthly liability in FY24

FOMC

Most Popular