Topic

U.S. central bank

Divided Fed lowers rates, signals pause and one 2026 cut as growth rebounds

Published 11 Dec, 2025 12:38am

WASHINGTON: The U.S. Federal Reserve cut interest rates on Wednesday in another divided vote, but signaled it will...

Fed’s Kugler, Daly say job not done on inflation

Published 05 Jan, 2025 12:55pm

Two Federal Reserve policymakers on Saturday said they feel the U.S. central bank’s job on taming inflation is not...

Fed officials united on need to hike rates, divided over how high to go

Published 18 Aug, 2022 11:55pm

The Federal Reserve needs to keep raising borrowing costs to bring high inflation under control, a string of U.S....

S&P 500 near unchanged; Walmart and other retailers gain

Published 17 Aug, 2022 12:31am

NEW YORK: The S&P 500 was near flat in late trading on Tuesday as Walmart and Home Depot gained following...

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

Published 28 Jul, 2022 11:22pm

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

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

Updated 28 Jul, 2022 12:24am

FOMC says it remains 'highly attentive' to inflation risks

Asian shares bounce as bets of bigger Fed rate hike ease

Published 19 Jul, 2022 06:00am

BANGKOK: Asian currencies and equities firmed on Monday, as investors dialled back bets of a bigger interest rate...

Fed hikes rates by 0.75 percentage point, flags slowing economy

Published 15 Jun, 2022 11:28pm

WASHINGTON: The Federal Reserve raised its target interest rate by three-quarters of a percentage point on Wednesday...

Fed lifts rates by half point, biggest jump in 22 years

Updated 05 May, 2022 01:42pm

In a news conference after the release of the policy statement, Powell explicitly rules out raising rates by three-quarters of a percentage point in a coming meeting

Fed expected to ramp up its inflation fight with big rate hike

Published 04 May, 2022 08:44pm

WASHINGTON: The Federal Reserve on Wednesday is expected to raise interest rates by half of a percentage point and...

Dollar slips before expected Fed rate hike

Published 04 May, 2022 07:51pm

NEW YORK: The dollar fell against a basket of currencies on Wednesday ahead of the outcome of a Federal Reserve...

Asian currencies firm ahead of Fed decision; firmer oil saps appetite

Published 04 May, 2022 01:43pm

Most Asian currencies rose in thin trading on Wednesday, amid caution ahead of the outcome of a U.S. central bank...

Wall Street, oil slide, dollar jumps as investors eye rate hikes

Published 23 Apr, 2022 01:14am

WASHINGTON: U.S. stocks and oil tumbled on Friday while bond yields continued to gain as investors prepared for a...

Fed seen going big and then bigger on rate hikes ahead

Published 23 Apr, 2022 01:08am

The Federal Reserve is poised to follow a half-of-a-percentage point interest rate hike in May with two even bigger...

Wall Street mixed, investors eye Fed and Ukraine

Published 08 Apr, 2022 12:57am

Wall Street was mixed on Thursday, with Amazon and Nvidia weighing on the Nasdaq and Pfizer lifting the S&P 500...

Wall Street slides after Powell's hawkish comments

Published 22 Mar, 2022 01:02am

Wall Street's main indexes fell on Monday as Federal Reserve Chair Jerome Powell's comments sparked bets of more...

Fed must move 'expeditiously' and, if needed, more aggressively, Powell says

Published 21 Mar, 2022 11:26pm

The U.S. central bank must move "expeditiously" to bring too-high inflation to heel, Federal Reserve Chair Jerome...

An oil shock is coming, but the US may have already paid for it

Published 11 Mar, 2022 05:12am

The gusher of money the U.S. government poured into family bank accounts during the coronavirus pandemic, credited...

Powell backs 25-basis-point March rate hike

Published 03 Mar, 2022 04:39am

WASHINGTON: Federal Reserve Chair Jerome Powell said on Wednesday he was “inclined to propose and support a...

Gold retreats on higher bond yields, U.S. rate hike bets

Published 03 Feb, 2022 11:27pm

Gold prices fell on Thursday, weighed down by a spike in U.S. Treasury yields and growing expectations of an...

Monetary policy effect on global inflation drivers may be ‘limited’

Published 29 Jan, 2022 06:05am

NEW YORK: Domestic monetary policy actions may do little to tame some of the inflation being driven by global supply...

Fed flags rate hike 'soon,' plans for significant balance sheet reduction

Published 27 Jan, 2022 01:54am

WASHINGTON: The Federal Reserve on Wednesday signalled it is likely to raise U.S. interest rates in March and...

Hawkish Fed sees rate hikes ‘sooner’ as inflation spikes

Published 07 Jan, 2022 04:36am

WASHINGTON: A “very tight” job market and unabated inflation might require the Federal Reserve to raise interest...

Oil rises about 2% on strong U.S. demand, upbeat Fed outlook

Updated 16 Dec, 2021 11:43pm

NEW YORK: Oil prices gained around 2% on Thursday, as record U.S. implied demand, falling crude stockpiles and an...

Wall Street drops as investors eye inflation and coronavirus

Updated 15 Dec, 2021 01:00am

The S&P 500 and the Nasdaq tumbled on Tuesday after data showed producer prices increased more than expected in...

Copper hits two-week low on Omicron uncertainty and Fed comments

Published 30 Nov, 2021 11:32pm

LONDON: Copper prices fell to a two-week low on Tuesday as worries about the damage to demand and economic growth...

Wall St mixed as focus shifts to Fed’s taper decision

Published 04 Nov, 2021 04:32am

NEW YORK: U.S. stocks indexes traded mixed in a narrow range on Wednesday as investors looked ahead to the Federal...

Hong Kong stocks post longest losing streak since July

Published 04 Nov, 2021 04:32am

HONG KONG: Hong Kong stocks closed lower on Wednesday, with the benchmark index posting the longest losing streak in...

Fed rolls out bond-buying ‘taper’

Updated 04 Nov, 2021 09:40am

WASHINGTON: The Federal Reserve on Wednesday said it will begin trimming its monthly bond purchases in November with...

Wall Street in Riyadh sees lingering inflation, oil hitting $100

Updated 27 Oct, 2021 09:42am

RIYADH: Top Wall Street firms warned at an investment conference in Riyadh of the risk of a sustained increase in...

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Forex
World
Commodity

Currency	Rate
USD PKR Interbank Selling / Jun 3	278.65
USD PKR Interbank Buying / Jun 3	278.45
USD to Japanese Yen / Jun 3	159.93
USD to Swiss Franc / Jun 3	0.79
Pound Sterling to USD / Jun 3	1.34
Euro to USD / Jun 3	1.16
SOFR % / Jun 3	3.63

Stock	Volume
S&P 500 / Jun 3	7,553.68
India Sensex / Jun 3	74,346.17
Tokyo Nikkei / Jun 3	68,402.13
Nasdaq / Jun 3	26,853.97
Hang Seng / Jun 3	25,633.21
FTSE 100 / Jun 3	10,332.30
Dow Jones / Jun 3	50,687.07
Germany DAX 30 / Jun 3	24,795.94
France CAC40 / Jun 3	8,150.42

Item	Value
Crude Oil USD/Barrel / Jun 3	95.34
Gold 10 Grams PKR / Jun 3	401,030
Gold Spot USD/Ounce / Jun 3	4,452.30
Cotton US¢/pound / Jun 3	80.51
Petrol/Litre / Jun 4	381.78
Diesel/Litre / Jun 4	380.78

Gainers
Losers
Leaders

Stock	Price
Wasl Mobility Mod. / Jun 3 Wasl Mobility Modaraba(WASL)	5.91 ▲ 1 (20.37%)
Gulshan Sp. / Jun 3 Gulshan Spinning Mills Limited(GSPM)	6.18 ▲ 1 (19.31%)
First AL-Noor Mod. / Jun 3 First Al-Noor Modaraba(FANM)	6.88 ▲ 1 (17.01%)
Chenab Ltd (Pref) / Jun 3 Chenab Limited (Pref)(CLCPS)	3.85 ▲ 0.44 (12.9%)
Chenab Ltd / Jun 3 Chenab Limited(CHBL)	9.61 ▲ 0.91 (10.46%)
Askari Life Assur. / Jun 3 Askari Life Assurance Company Limited(ALAC)	19.24 ▲ 1.75 (10.01%)
Dawood Equities / Jun 3 Dawood Equities Limited(DEL)	20.56 ▲ 1.87 (10.01%)
Grays Leasing / Jun 3 Grays Leasing Limited(GRYL)	20.89 ▲ 1.9 (10.01%)
Shahzad Tex. / Jun 3 Shahzad Textile Mills Limited(SZTM)	68.38 ▲ 6.22 (10.01%)
Ideal Spinning / Jun 3 Ideal Spinning Mills Limited(IDSM)	72.48 ▲ 6.59 (10%)

Stock	Price
Khairpur Sug. / Jun 3 Khairpur Sugar Mills Limited(KPUS)	2,164.61 ▼ -240.51 (-10%)
Diamond Ind. / Jun 3 Diamond Industries Limited(DIIL)	71.48 ▼ -7.9 (-9.95%)
Tri-Star Mutual / Jun 3 Tri-Star Mutual Fund Limited(TSMF)	16.88 ▼ -1.62 (-8.76%)
Power Cem(Pref) / Jun 3 Power Cement (Pref)(POWERPS)	27.79 ▼ -2.41 (-7.98%)
Paramount Mod / Jun 3 First Paramount Modaraba(FPRM)	13.90 ▼ -1.1 (-7.33%)
AN Textile Mills / Jun 3 AN Textile Mills Limited(ANTM)	30.18 ▼ -2.23 (-6.88%)
Al-Khair Gadoon / Jun 3 Al-Khair Gadoon Limited(AKGL)	52.03 ▼ -3.68 (-6.61%)
Gammon Pak / Jun 3 Gammon Pakistan Limited(GAMON)	19.23 ▼ -1.32 (-6.42%)
Burshane LPG / Jun 3 Burshane LPG (Pakistan) Limited(BPL)	56.96 ▼ -3.61 (-5.96%)
Punjab Oil / Jun 3 Punjab Oil Mills Limited(POML)	147.13 ▼ -8.47 (-5.44%)

Stock	Volume
Treet Battery / Jun 3 Treet Battery Limited(TBL)	46,642,698 ▼ -0.03
Dewan Cement / Jun 3 Dewan Cement Limited(DCL)	33,760,377 ▲ 0.4
Sitara Petroleum Service / Jun 3 Sitara Petroleum Service Limited(SPSL)	25,238,548 ▲ 0.84
Beco Steel Ltd / Jun 3 Beco Steel Limited(BECO)	23,949,474 ▲ 0.46
P.T.C.L. / Jun 3 Pakistan Telecommunication Company Ltd(PTC)	23,376,596 ▲ 0.82
TPL Corp Ltd / Jun 3 TPL Corp Limited(TPL)	17,752,841 ▲ 0.38
Cnergyico PK / Jun 3 Cnergyico PK Limited(CNERGY)	16,285,113 ▼ -0.2
WorldCall Telecom / Jun 3 Worldcall Telecom Limited(WTL)	14,753,659 ▼ -0.01
K-Electric Ltd. / Jun 3 K-Electric Limited(KEL)	13,876,959 ▼ -0.12
Mahanna Islamic Index / Jun 3 Mahanna Islamic Index Traded Fund(MIIETF)	13,316,500 ▼ -0.13

U.S. central bank

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