Trends - Jerome Powell - Business Recorder

Jerome Powell

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

Forex
World
Commodity

Currency	Rate
USD PKR Interbank Selling / Jun 13	283
USD PKR Interbank Buying / Jun 13	282.75
USD to Japanese Yen / Jun 14	144.07
USD to Swiss Franc / Jun 14	0.81
Pound Sterling to USD / Jun 14	1.36
Euro to USD / Jun 14	1.15
UK LIBOR % / Jun 14	4.96

Stock	Volume
S&P 500 / Jun 14	5,976.97
India Sensex / Jun 14	81,118.60
Tokyo Nikkei / Jun 14	37,834.25
Nasdaq / Jun 14	19,406.83
Hang Seng / Jun 14	23,892.56
FTSE 100 / Jun 14	8,850.63
Dow Jones / Jun 14	42,197.79
Germany DAX 30 / Jun 14	23,516.23
France CAC40 / Jun 14	7,784.68

Item	Value
Petrol/Litre / Jun 14	253.63
Crude Oil USD/Barrel / Jun 14	72.98
Karachi Cotton PKR/37.32 KG / Jun 14	16,485
Gold 10 Grams PKR / Jun 14	310,007
Gold Spot USD/Ounce / Jun 14	3,432.34
Diesel/Litre / Jun 14	254.64
Cotton US¢/pound / Jun 14	67.84

Gainers
Losers
Leaders

Stock	Price
Pervez Ahmed Consultancy / Jun 13 Pervez Ahmed Consultancy Services Ltd.(PASL)	2.93 ▲ 1 (51.81%)
Ist.Capital Sec / Jun 13 First Capital Securities Corporation(FCSC)	3.06 ▲ 0.94 (44.34%)
First Prudential Mod. / Jun 13 First Prudential Modaraba(PMI)	3.39 ▲ 1 (41.84%)
Media Times Ltd / Jun 13 Media Times Limited(MDTL)	2.71 ▲ 0.58 (27.23%)
Invest Bank / Jun 13 Invest Capital Investment Bank Limited(ICIBL)	7.11 ▲ 1 (16.37%)
Unicap Modaraba / Jun 13 Unicap Modaraba(UCAPM)	3.65 ▲ 0.48 (15.14%)
First Dawood Prop. / Jun 13 First Dawood Properties Limited(FDPL)	3.56 ▲ 0.36 (11.25%)
Ashfaq Textile / Jun 13 Ashfaq Textile Mills Limited(ASHT)	25.70 ▲ 2.34 (10.02%)
AN Textile Mills / Jun 13 AN Textile Mills Limited(ANTM)	15.49 ▲ 1.41 (10.01%)
Shadman Cotton / Jun 13 Shadman Cotton Mills Limited(SHCM)	47.38 ▲ 4.31 (10.01%)

Stock	Price
Shaheen Ins. / Jun 13 Shaheen Insurance Company Limited(SHNI)	4.75 ▼ -0.65 (-12.04%)
Trust Sec.& Brok. / Jun 13 Trust Securities & Brokerage Limited(TSBL)	12.20 ▼ -1.36 (-10.03%)
First Elite Cap.Mod / Jun 13 First Elite Capital Modaraba(FECM)	37.98 ▼ -4.22 (-10%)
Khyber Textile / Jun 13 Khyber Textile Mills Limited(KHYT)	1,794.55 ▼ -199.39 (-10%)
PIA Holding Co.B / Jun 13 PIA Holding Company Limited B(PIAHCLB)	18,889.10 ▼ -2098.79 (-10%)
F.Credit & Inv / Jun 13 First Credit and Investment Bank Limited(FCIBL)	11.23 ▼ -1.24 (-9.94%)
Arctic Textile / Jun 13 Arctic Textile Mills Limited(ARCTM)	39.72 ▼ -4.26 (-9.69%)
Crescent Cotton / Jun 13 Crescent Cotton Mills Limited(CCM)	50.41 ▼ -5.4 (-9.68%)
Shahtaj Textile / Jun 13 Shahtaj Textile Limited(STJT)	78.62 ▼ -8.32 (-9.57%)
Hala Enterprise / Jun 13 Hala Enterprises Limited(HAEL)	30.69 ▼ -3.23 (-9.52%)

Stock	Volume
Pervez Ahmed Consultancy / Jun 13 Pervez Ahmed Consultancy Services Ltd.(PASL)	116,655,242 ▲ 1
WorldCall Telecom / Jun 13 Worldcall Telecom Limited(WTL)	100,891,108 ▲ 0.08
Ist.Capital Sec / Jun 13 First Capital Securities Corporation(FCSC)	85,324,384 ▲ 0.94
PIA Holding Co.Ltd / Jun 13 PIA Holding Company Limited(PIAHCLA)	30,960,243 ▲ 0.62
B.O.Punjab / Jun 13 The Bank of Punjab(BOP)	27,555,139 ▼ -0.26
Kohinoor Spining / Jun 13 Kohinoor Spinning Mills Limited(KOSM)	27,294,482 ▲ 0.17
Media Times Ltd / Jun 13 Media Times Limited(MDTL)	27,189,737 ▲ 0.58
Cnergyico PK / Jun 13 Cnergyico PK Limited(CNERGY)	26,834,469 ▼ -0.35
First Prudential Mod. / Jun 13 First Prudential Modaraba(PMI)	23,063,464 ▲ 1
Sui South Gas / Jun 13 Sui Southern Gas Company Limited(SSGC)	21,700,047 ▼ -0.4

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Jerome Powell

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