Trends - Jerome Powell - Business Recorder

Jerome Powell

Oil prices drop as interest rate policy spurs fuel demand worries

HOUSTON: Oil prices rose about 1% on Friday, but fell for the week on worries that strong US economic data would ...

Published 26 May, 2024 02:56am

Business & Finance

US Fed’s Powell expects inflation to fall, though not as confident as before

AMSTERDAM: Federal Reserve Chair Jerome Powell said on Tuesday he expects U.S. inflation to resume declining through...

Published 14 May, 2024 08:48pm

Business & Finance

Yen slightly higher after suspected intervention

NEW YORK: The yen was slightly stronger on the day on Thursday after a sudden rally late on Wednesday that traders ...

Published 03 May, 2024 06:29am

Markets

Gold near four-week low, eyes on Fed

BENGALURU: Gold prices held near a four-week low on Wednesday ahead of a US Federal Reserve policy decision that...

Published 02 May, 2024 04:58am

World

Fed leaves rates unchanged, flags ‘lack of further progress’ on inflation

Likely that gaining greater confidence will take longer than previously expected, says Fed Chair Jerome Powell

Published 01 May, 2024 11:53pm

Business & Finance

Most Asian currencies muted ahead of Fed decision

BENGALURU: Asian emerging market currencies were subdued on Monday after inflation data in the United States further...

Published 30 Apr, 2024 03:43am

Markets

Oil falls ahead of US jobs data

NEW YORK: Oil prices fell on Thursday as caution over macroeconomic activity weighed against output cuts and...

Published 05 Apr, 2024 04:50am

Business & Finance

US dollar lower

NEW YORK: The US dollar was down on Tuesday after earlier hitting its highest in almost five months, following a new...

Published 03 Apr, 2024 05:29am

Business & Finance

US Fed’s preferred inflation gauge ticks up as fuel costs rise

WASHINGTON: The US central bank’s favored measure of inflation edged higher last month on the back of rising fuel...

Published 30 Mar, 2024 06:53am

Markets

Wall St holds ground ahead of Fed decision

NEW YORK: Wall Street’s main stock indexes were little changed on Wednesday as investors awaited the conclusion of...

Published 21 Mar, 2024 05:22am

Business & Finance

Fed still sees three rate cuts in 2024 amid sticky inflation, stronger economy

WASHINGTON: The Federal Reserve held interest rates steady on Wednesday, but policymakers indicated they still...

Published 20 Mar, 2024 11:13pm

Markets

Gold loses footing as US dollar bumps higher

Gold prices retreated on Tuesday, hurt by a strengthening US dollar, while investors geared up for the Federal...

Published 20 Mar, 2024 03:00am

Business & Finance

US dollar set for best weekly gain

NEW YORK: The dollar rose to a more than one-week high on Friday after a mixed batch of data showed the US economy...

Published 16 Mar, 2024 06:26am

Business & Finance

Yuan steady

SHANGHAI: China’s yuan held steady against a weakening US dollar, as US yields slipped after Federal Reserve Chair...

Published 09 Mar, 2024 04:59am

Markets

Tech, financials steer Europe’s STOXX 600 to record high

PARIS: Europe’s main equity index hit an all-time high on Wednesday, boosted by tech and financial shares, while...