Trends - Jerome Powell - Business Recorder

Jerome Powell

Wall St gains on hopes of smaller rate hikes as economy shrinks again

Wall Street's major indexes reversed course to gain in early afternoon trading on Thursday, as a contraction in the...

Published 28 Jul, 2022 11:22pm

Markets

Asian FX, stocks up as less hawkish Fed messaging provides relief

Currencies and stocks in Asia’s emerging markets rallied on Thursday as less hawkish than feared messaging from Fed...

Published 28 Jul, 2022 11:17am

Markets

Dollar hits three-week low to yen as Fed’s Powell less hawkish than feared

TOKYO: The dollar dropped to a three-week low versus the yen on Thursday after Federal Reserve Chair Jerome Powell...

Published 28 Jul, 2022 10:47am

Business & Finance

Dollar advances with all eyes on Fed

NEW YORK: The dollar rose modestly against a basket of major currencies on Wednesday as investors braced for the...

Published 28 Jul, 2022 04:41am

Markets

Dollar slightly lower after Fed hikes by 75 basis points

NEW YORK: The dollar was slightly lower on Wednesday against a basket of major currencies after the U.S. Federal...

Published 28 Jul, 2022 12:44am

World

Fed opts for 75-basis-point rate hike, flags weakening economic data

FOMC says it remains 'highly attentive' to inflation risks

Updated 28 Jul, 2022 12:24am

Fed set for another big rate hike with economy on knife’s edge

Central bankers make it clear that they are willing to risk recession

Updated 25 Jul, 2022 09:33am

Opinion

Euro’s 20-year low leaves ECB facing costly choices

The euro’s tumble towards parity against the dollar has pushed the European Central Bank back against a wall,...

Published 08 Jul, 2022 05:36am

Business & Finance

Fed chair admits recession a ‘possibility’ after rate hikes

WASHINGTON: The US economy remains strong but a series of aggressive rate hikes meant to cool soaring inflation ...

Published 24 Jun, 2022 06:15am

Business & Finance

US Fed chair admits recession a ‘possibility’ after rate hikes

WASHINGTON: The US economy remains strong but a series of aggressive rate hikes meant to cool soaring inflation...

Published 22 Jun, 2022 08:42pm

Markets

Asian markets mixed as Fed rate hike rally fades

HONG KONG: Asian markets were mixed Thursday as an early rally fuelled by a “dovish” Federal Reserve interest...

Published 17 Jun, 2022 06:37am

Markets

Wall St falls on inflation fears; Powell-Biden talks in focus

NEW YORK: US stocks fell on Tuesday as soaring oil prices and hawkish comments from a Federal Reserve official...

Published 01 Jun, 2022 05:53am

Business & Finance

Biden, Fed chair discuss US inflation at White House

WASHINGTON: President Joe Biden on Tuesday holds a rare White House meeting with the head of the Federal Reserve,...

Published 01 Jun, 2022 05:53am

World

Biden and Fed Chair Powell to discuss inflation crisis on Tuesday

U.S. President Biden will meet Federal Reserve Chair Jerome Powell on Tuesday as historic inflation continues to...

Published 31 May, 2022 05:13pm

Business & Finance

Fed’s Waller backs 50 bps rate hikes until “substantial” reduction in inflation

FRANKFURT: The U.S. Federal Reserve should be prepared to raise interest rates by a half percentage point at every...

Published 30 May, 2022 10:45pm

Markets

Wall Street retreats as economic data, weak outlooks fuel recession jitters

NEW YORK: Wall Street veered lower on Tuesday as fears over whether attempts to curb decades-high inflation growth...

Published 25 May, 2022 12:01am

Markets

Copper prices fall on US Fed pledge for high rates

LONDON: Copper prices retreated on Wednesday under pressure from a stronger dollar after the Federal Reserve...

Published 19 May, 2022 06:34am

Business & Finance

Dollar rally stalls as risk appetite returns

NEW YORK: The dollar eased for a third straight day on Tuesday, pulling back from a two-decade high against a basket...

Published 18 May, 2022 05:54am

Business & Finance

Fed wants to see US growth ‘moving down’: Fed’s Powell

WASHINGTON: The US central bank wants to see economic growth slowing and “clear” evidence of inflation decelerating...

Published 18 May, 2022 12:59am

Markets

European stocks mark positive end to volatile week

LONDON: European shares rose on Friday, closing higher for the first time in five weeks, as a bout of bargain ...

Published 16 May, 2022 05:42am

Business & Finance

Ex-Goldman CEO says recession possibility is ‘very high risk factor’

WASHINGTON: Former Goldman Sachs CEO Lloyd Blankfein said on Sunday he believes the economy is at risk of possibly...

Published 16 May, 2022 05:42am

Markets

Copper under pressure from recession fears

LONDON: Copper prices fell on Friday and were on track for their sixth straight week of losses on mounting fears ...

Published 14 May, 2022 04:05am

Business & Finance

US Senate set to confirm Powell for second term as central bank chief

WASHINGTON: The US Senate was poised Thursday to confirm Jerome Powell to a second term as head of the Federal...

Published 12 May, 2022 09:14pm

Markets

Gold rises 1pc as less hawkish Fed calms nerves

LONDON: Gold prices rose more than 1% on Thursday, a day after Federal Reserve Chair Jerome Powell allayed investor...