Trump says Fed’s Powell must lower interest rate US President Donald Trump on Wednesday redoubled his calls for Federal Reserve Chair Jerome Powell to lower interest... Published 04 Jun, 2025 06:54pm
World Trump summons Powell, tells him he’s making a mistake on rates WASHINGTON: US President Donald Trump called Federal Reserve Chair Jerome Powell to the White House on Thursday for... Published 30 May, 2025 06:03am
World Trump steps up call for US rate cuts in talks with Fed chief WASHINGTON: US President Donald Trump on Thursday stepped up the pressure on Federal Reserve chair Jerome Powell to... Published 30 May, 2025 12:43am
Markets Gold steadies as dollar slips, investors await US data NEW YORK: Gold prices erased early losses to steady on Thursday, helped by a weaker dollar and technical buying as... Published 16 May, 2025 03:06am
Opinion Temper, tantrums, trust and gold Gold has been mankind’s ultimate financial refuge since Biblical times. From the treasure vaults of Pharaohs to... Published 24 Apr, 2025 04:11am
Markets Hong Kong stocks close at near 3-week high on hopes of easing tensions with US SHANGHAI: Hong Kong shares rose on Wednesday, tracking global peers amid optimism over a potential de-escalation in... Published 24 Apr, 2025 04:11am
World Trump says he has no plans to fire Fed’s Powell; market jumps WASHINGTON: President Donald Trump on Tuesday backed off from threats to fire Federal Reserve Chair Jerome Powell... Published 23 Apr, 2025 08:05am
World Trump warns of economic slowdown unless Fed cuts rates, triggering selloff The U.S. economy could slow unless interest rates are lowered immediately, President Donald Trump said on Monday,... Published 22 Apr, 2025 01:49am
Opinion Gold emerges as clear winner Last week, market investors primarily concentrated on the ongoing trade conflict between the United States and the... Updated 21 Apr, 2025 06:17am
World Trump goes to war with the Fed WASHINGTON: Donald Trump’s simmering discontent with the US Federal Reserve boiled over this week, with the... Published 19 Apr, 2025 10:52am
Markets US Treasuries: Yields tick higher ahead of Easter long weekend NEW YORK: Yields on US Treasuries edged higher in uneventful pre-holiday trade on Thursday, wrapping up an... Published 19 Apr, 2025 05:45am
World Trump admin studying option to fire Fed chair Powell: White House WASHINGTON: US President Donald Trump and his administration are studying whether dismissing independent Federal... Published 18 Apr, 2025 08:56pm
Markets British stocks slump in worst day since 2020 LONDON: British stocks plunged on Friday as investors avoided risky assets after China’s retaliatory tariffs against... Published 07 Apr, 2025 02:49am
Business & Finance US dollar rallies NEW YORK: The US dollar rose against major currencies such as the euro and yen on Friday after Federal Reserve... Published 05 Apr, 2025 05:23am
World US Fed Chair warns tariffs will likely raise inflation, cool growth ARLINGTON: US tariffs will likely cause inflation to rise and growth to slow, Federal Reserve Chair Jerome Powell... Published 04 Apr, 2025 11:33pm
Opinion Gold volatility has risen The Federal Reserve’s decision to keep its policy rate steady was the most significant economic development of the... Published 24 Mar, 2025 06:28am
Business & Finance Fed likely to keep rates steady WASHINGTON: The US Federal Reserve is widely expected to keep interest rates unchanged at its policy meeting this... Published 17 Mar, 2025 05:29am
Markets Wall St retreats as cyclical stocks drag after jobs data NEW YORK: Wall Street’s main indexes gave up early gains and fell on Friday, dragged down by cyclical stocks after a... Published 08 Mar, 2025 02:48am
World Fed Chair Powell flags uncertainty in US economy WASHINGTON: US Federal Reserve Chair Jerome Powell flagged high uncertainty Friday surrounding President Donald... Published 07 Mar, 2025 11:35pm
World Fed seen restarting rate cuts in June as still-elevated inflation slows US benchmark interest rate is currently at 4.25%-4.50% Updated 28 Feb, 2025 10:11pm
Markets Wall St on track for weekly gains, awaits more tariff insights NEW YORK: Wall Street’s main indexes were muted on Friday, though set for firm weekly advances as Treasury yields... Published 15 Feb, 2025 05:54am
World Fed’s Powell heads to Congress with good data in hand but rising uncertainty WASHINGTON: Federal Reserve Chair Jerome Powell begins two days of hearings on Capitol Hill on Tuesday with the... Published 11 Feb, 2025 04:42pm
Markets S&P 500, Nasdaq climb as Apple gains NEW YORK: The S&P 500 and the Nasdaq rose on Friday, as Apple gained following a strong sales forecast and a... Published 01 Feb, 2025 06:30am
World Fed holds rates steady, drops reference to inflation ‘progress’ from policy statement WASHINGTON: The Federal Reserve held interest rates steady on Wednesday and gave little insight into when further... Published 30 Jan, 2025 12:23am
World Fed minutes may begin to show the hurdle to further rate cuts WASHINGTON: Federal Reserve officials have been signaling that further interest rate cuts are on hold for now given... Published 08 Jan, 2025 07:15pm
Markets European debt yields steady FRANKFURT: Euro zone borrowing costs steadied on Friday, while US Treasury yields hovered near multi-month highs... Published 18 Nov, 2024 02:54am
Business & Finance Dollar set for strong weekly rise NEW YORK: The US dollar was set for its biggest weekly gain in over a month on Friday, as markets reassessed... Published 16 Nov, 2024 06:04am
World Fed cuts rates, notes labor market easing and solid economic growth Slashes benchmark interest rate by 25 basis points to target range of 4.5% to 4.75% Published 08 Nov, 2024 12:20am
World US Fed Chair sees ‘further disinflation’ in economy WASHINGTON: The United States is set to see inflation cool further towards policymakers’ target, Federal Reserve... Published 01 Oct, 2024 12:23am
World Fed cuts rates by half a percentage point, cites ‘greater confidence’ about inflation Fed had held policy rate in the 5.25%-5.50% range since July of 2023 as inflation fell from a 40-year high to a level that is now approaching the central bank's target Updated 19 Sep, 2024 12:23am
Budget 2025-26: Pakistan targets 4.2% growth as Aurangzeb presents proposals ‘for a competitive economy’