Trends - Jerome Powell - Business Recorder

Markets

Gold retreats on Powell’s hawkish cues

BENGALURU: Gold fell on Friday and was bound for a second straight weekly drop on cooling safe-haven demand and...

Published 12 Nov, 2023 03:14am

Markets

Wall St rebounds as easing Treasury yields boost megacap stocks

NEW YORK: Wall Street’s main indexes gained on Friday as a slide in longer-dated Treasury yields boosted megacap...

Published 11 Nov, 2023 06:30am

Markets

China, HK stocks fall as markets await more measures

SHANGHAI: China stocks dropped on Friday, weighed down by liquor and auto manufacturers, as analysts await more...

Published 11 Nov, 2023 06:30am

Business & Finance

Dollar steady against euro, yen weakens

NEW YORK: The dollar held steady against the euro on Friday after Federal Reserve Chair Jerome Powell indicated that...

Published 11 Nov, 2023 06:30am

Markets

Wall St slips as investors assess central bank comments

NEW YORK: Wall Street’s main indexes slipped on Wednesday as investors parsed earnings reports and comments from...

Published 09 Nov, 2023 05:38am

Business & Finance

Dollar continues recovery from selloff

NEW YORK: The dollar gained for a third day on Wednesday as it continued to recover from a sharp selloff last week ...

Published 09 Nov, 2023 05:38am

Markets

Real estate, tech drive European shares higher

PARIS: European shares climbed over 1 percent on Thursday, led by rate-sensitive real estate and technology stocks,...

Published 03 Nov, 2023 06:11am

Business & Finance

Dollar retreats as risk appetite rises

NEW YORK: The US dollar weakened broadly on Thursday, as investors bet that the Federal Reserve is done raising...

Published 03 Nov, 2023 06:11am

Markets

Wall St gains as yields slip in run-up to Fed decision

NEW YORK: Wall Street climbed on Wednesday with investors optimistic about the Federal Reserve keeping interest ...

Published 02 Nov, 2023 03:15am

Markets

Gold little changed as Fed decision looms

BENGALURU: Gold prices were little changed on Wednesday as investors stayed on the sidelines ahead of the US central...

Published 02 Nov, 2023 03:15am

World

Fed leaves rates unchanged, acknowledges economy is ‘strong’

WASHINGTON: The Federal Reserve held interest rates steady on Wednesday but left the door open to a further increase...

Published 01 Nov, 2023 11:18pm

Markets

Wall St slides as Treasury yields stay high

NEW YORK: Wall Street’s main indexes dropped on Friday as US Treasury yields hovered near multi-year highs...

Published 21 Oct, 2023 06:05am

World

US inflation is ‘still too high’: Fed Chair Powell

WASHINGTON: US inflation is “still too high” despite a recent slowdown, Federal Reserve Chair Jerome Powell said...

Published 20 Oct, 2023 05:17am

Markets

Wall St up as Powell remarks fuel hopes Fed may pause rate hikes

NEW YORK: Wall Street’s main indexes rose on Thursday after Federal Reserve Chair Jerome Powell said the US ...

Published 20 Oct, 2023 05:17am

World

US inflation is 'still too high': Fed Chair Powell

WASHINGTON: US inflation is "still too high" despite a recent slowdown, Federal Reserve Chair Jerome Powell said...

Published 19 Oct, 2023 11:17pm

Markets

Wall St eyes higher open ahead of Powell’s comments; Tesla drops, Netflix surges

Wall Street’s main indexes were set to open higher on Thursday as Tesla and Netflix kicked U.S. earnings season into...

Published 19 Oct, 2023 06:51pm

Business & Finance

Dollar gains against euro, Middle East in focus

NEW YORK: The dollar rose against the euro on Wednesday before several Federal Reserve officials were due to speak...

Published 19 Oct, 2023 05:10am

Markets

Gold declines as Powell’s speech moves into spotlight

Gold prices fell on Tuesday as the US dollar and Treasury yields firmed, ahead of economic data and Federal Reserve...

Published 17 Oct, 2023 10:13am

Markets

Nasdaq rises on boost from growth stocks

NEW YORK: The Nasdaq rose on Monday, boosted by gains in growth stocks as investors awaited commentary from more...

Published 03 Oct, 2023 06:02am

Markets

Oil prices fall

NEW YORK: Oil prices fell about 2% on Monday to a three-week low as a higher-priced Brent contract expired, the US...

Published 03 Oct, 2023 06:02am

Opinion

Elusive macroeconomic stability

In a recent statement reportedly, interim finance minister Dr Shamshad Akhtar indicated that there were signs of...

Published 22 Sep, 2023 03:40am

Markets

S&P, Dow rise as yields slip ahead of Fed verdict

NEW YORK: The S&P 500 and the Dow gained on Wednesday as Treasury yields pulled back ahead of a likely pause in...

Published 21 Sep, 2023 06:08am

Markets

Oil rises as Hurricane Idalia threatens to hit tight supplies

BENGALURU: Oil prices edged higher on Tuesday as Hurricane Idalia intensified as it headed towards Florida’s Gulf...

Published 30 Aug, 2023 03:33am

Markets

US stocks end higher in volatile trade

NEW YORK: US stocks ended a volatile session higher on Friday as investors digested comments from Federal Reserve...

Published 28 Aug, 2023 06:27am

Markets

Indian shares extend losses for fifth straight week

BENGALURU: Indian shares closed lower on Friday and extended losses for a fifth straight week, dragged by broad...

Published 28 Aug, 2023 06:27am

Markets

Copper rally loses steam after Powell says higher rates may be needed

LONDON: Copper prices in London reversed earlier gains on Friday after US Federal Reserve Chair Jerome Powell said...

Published 28 Aug, 2023 06:27am

Markets

Japanese rubber futures post best week in nearly 2 years on softer yen

SINGAPORE: Japanese rubber futures spiked on Friday to their highest levels since early June and recorded their best...

Published 27 Aug, 2023 03:05am

World

US Fed ‘prepared to raise rates further’ on too-high inflation

WASHINGTON: The US Federal Reserve is prepared to raise interest rates higher – and hold them there – to...

Updated 25 Aug, 2023 08:30pm

Markets

S&P 500 ends near flat as energy, defensive sectors counter megacap declines

NEW YORK: The S&P 500 ended nearly flat on Friday as gains in defensive sectors and energy offset weakness in...

Published 21 Aug, 2023 06:43am

Print

Fed officials spar over banking reform in rare open meeting

WASHINGTON: Members of the US Federal Reserve’s governing body voiced disagreements over proposed changes to...

Updated 29 Jul, 2023 09:33am