Trends - US central bank - Business Recorder

US central bank

US Fed poised to keep rates unchanged as it opens key meeting

WASHINGTON: The US central bank opened a key policy meeting Tuesday, with officials widely expected to hold interest...

Published 31 Oct, 2023 07:50pm

Business & Finance

Fed may pause again with rates at 22-year high

WASHINGTON: The Federal Reserve will likely announce it is holding interest rates at a 22-year high on Wednesday, as...

Updated 30 Oct, 2023 08:50am

Markets

Nasdaq rises as long-term Treasury yields retreat

NEW YORK: The Nasdaq rose on Wednesday as easing long-term US Treasury yields boosted megacap stocks, while ...

Published 12 Oct, 2023 05:57am

Markets

China’s yuan slips past key threshold after Fed’s hawkish rate pause

SHANGHAI: China’s yuan slipped to a more than one-week low against a strengthening dollar and breached a key...

Published 21 Sep, 2023 10:44am

Markets

Asian currencies drop after US dollar gains on hawkish Fed (.)

Asian currencies fell on Thursday as capital outflows and the US Federal Reserve’s hawkish stance on monetary policy...

Published 21 Sep, 2023 10:38am

Markets

Yen worries increase as dollar strengthens after Fed

TOKYO: The dollar hit fresh peaks on Thursday, sitting around its highest against the yen since November after a...

Published 21 Sep, 2023 09:43am

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

Business & Finance

More rate hikes ‘likely’ needed to lower inflation: Fed official

WASHINGTON: A US central bank official said Saturday that more interest rate hikes “will likely be needed” to bring...

Published 05 Aug, 2023 09:26pm

Business & Finance

Moderate US economic growth expected in second quarter

WASHINGTON: The US economy likely maintained a moderate pace of growth in the second quarter as labor market...

Published 27 Jul, 2023 10:23am

Markets

Wall St kicks off week higher ahead of inflation numbers

NEW YORK: Wall Street’s main indexes rose on Monday, recovering losses from last week, as investors looked ahead ...

Published 11 Jul, 2023 06:08am

Business & Finance

Fed leaves rates steady, sees two small hikes by end of 2023

WASHINGTON: The Federal Reserve kept interest rates unchanged on Wednesday but signaled in new economic projections...

Published 15 Jun, 2023 06:03am

Markets

Copper drifts higher on possible Fed pause

LONDON: Copper prices edged up on Thursday after the US central bank signalled a pause on rate hikes, but gains were...

Published 05 May, 2023 06:44am

Markets

PNC, JPM, Citizens among final bidders in First Republic auction

PNC Financial Services Group, JPMorgan Chase & Co and Citizens Financial Group Inc were among banks that...

Published 01 May, 2023 10:21am

Fed expected to hike again despite signs of slowing economy

WASHINGTON: The US Federal Reserve is widely expected to raise its benchmark lending rate for a tenth — and possibly...

Updated 01 May, 2023 08:57am

World

Fed’s Bullard discounts recession talk, favors more rate hikes

ST. LOUIS: The U.S. central bank should continue raising interest rates on the back of recent data showing inflation...

Published 18 Apr, 2023 06:09pm

World

US home sales bounce in February, ending 12-month slide

WASHINGTON: Sales of existing homes in the United States made their biggest monthly jump since 2020 in February,...

Published 21 Mar, 2023 07:33pm

Markets

Dollar buoyant as robust US data keep Fed hawks in control

SINGAPORE: The dollar was on the front foot on Monday, supported by a strong run of economic data out of the United...

Published 20 Feb, 2023 08:57am

Business & Finance

US inflation eases in January but kept high on rent and energy costs

WASHINGTON: Rising rent and a gasoline price rebound helped keep US consumer prices elevated in January, according ...

Published 15 Feb, 2023 06:27am

Business & Finance

Rental costs, gasoline prices behind January US inflation: analysts

WASHINGTON: Rising rents, a gasoline price rebound and vehicle costs helped keep US inflation elevated in January,...

Published 14 Feb, 2023 10:58am

Markets

Oil surges over 3pc as Fed’s Powell eases rate hike concerns

NEW YORK: Oil prices climbed more than 3% on Tuesday after the head of the US central bank eased market concerns ...

Published 08 Feb, 2023 06:10am

Business & Finance

Dollar dips before Fed rate decision

NEW YORK: The dollar fell on Wednesday before the Federal Reserve is expected to hike interest rates by an ...

Published 02 Feb, 2023 06:12am

Markets

Gulf stocks rise on hope of slower Fed rate hikes

DUBAI: Stock markets in the Gulf ended higher on Sunday after cooling US inflation lifted expectations the Federal...

Published 30 Jan, 2023 05:56am

Business & Finance

Cooling US inflation lifts hope for smaller Fed rate hike

WASHINGTON: Slowing inflation and a cooling property sector are fueling expectations that the US central bank can...

Published 29 Jan, 2023 12:14pm

World

Fed seen raising rates twice more, then stopping, as inflation slows

Traders of futures tied to the Federal Reserve’s policy rate kept bets on Friday that the U.S. central bank will...

Published 27 Jan, 2023 07:09pm

Business & Finance

US growth expected to slow in fourth quarter as downturn fears loom

WASHINGTON: The US economy is forecast to have grown but at a slower pace in the final months of 2022, helped by...

Published 26 Jan, 2023 12:15pm

Business & Finance

Businesses see lower odds US in or entering recession, NABE says

The likelihood that the United States is already in recession or will fall into one this year has dropped over the...

Published 23 Jan, 2023 03:12pm

World

Fed’s Powell tests positive for COVID, has mild symptoms

WASHINGTON: Federal Reserve Chair Jerome Powell tested positive for COVID-19 on Wednesday and is experiencing mild...

Published 18 Jan, 2023 08:55pm

Markets

Gold prices steady as focus shifts to Powell’s speech

Gold prices were steady on Tuesday, with cautious traders largely focusing on Federal Reserve Chair Jerome Powell’s...

Published 10 Jan, 2023 09:27am

Opinion

Fed’s balance sheet drawdown could sunset next year

The Federal Reserve’s ongoing efforts to shrink its balance sheet may end earlier than once thought, even as the ...

Published 23 Dec, 2022 06:14am

Markets

Wall Street rises as Fed’s rate decision looms

NEW YORK: Wall Street’s main indexes rose on Wednesday ahead of the Federal Reserve’s monetary policy decision...

Published 15 Dec, 2022 06:00am

Gainers
Losers
Leaders

Stock	Price
Haseeb Waqas / Nov 30 Haseeb Waqas Sugar Mills Limited(HWQS)	10.38 ▲ 1.00 (10.66%)
Bela Auto / Nov 30 Bela Automotives Limited(BELA)	8.79 ▲ 0.81 (10.15%)
Dewan Sugar / Nov 30 Dewan Sugar Mills Limited(DWSM)	2.70 ▲ 0.21 (8.43%)
Sec. Inv. Bank / Nov 30 Security Investment Bank Limited(SIBL)	6.50 ▲ 0.46 (7.62%)
Bannu Woollen / Nov 30 Bannu Woollen Mills Limited(BNWM)	30.21 ▲ 2.11 (7.51%)
Chashma / Nov 30 Chashma Sugar Mills Limited(CHAS)	65.58 ▲ 4.58 (7.51%)
Crescent Steel / Nov 30 Crescent Steel & Allied Products Limited(CSAP)	43.53 ▲ 3.04 (7.51%)
IBL HealthCare / Nov 30 IBL HealthCare Limited(IBLHL)	39.95 ▲ 2.79 (7.51%)
Atlas Honda Ltd / Nov 30 Atlas Honda Limited(ATLH)	373.27 ▲ 26.04 (7.50%)
MithchellsFruit / Nov 30 Mitchells Fruit Farms Limited(MFFL)	245.32 ▲ 17.12 (7.50%)

Stock	Price
Nazir Cotton Mills / Nov 30 Nazir Cotton Mills Limited(NCML)	3.07 ▼ -0.83 (-21.28%)
Trust Mod. / Nov 30 Trust Modaraba(TRSM)	1.43 ▼ -0.17 (-10.63%)
Dar-es-Salaam / Nov 30 Dar-es-Salaam Textile Mills Limited(DSML)	8.30 ▼ -0.95 (-10.27%)
Trust Sec.& Brok. / Nov 30 Trust Securities & Brokerage Limited(TSBL)	9.06 ▼ -0.94 (-9.40%)
Jahangir Sidd(Pref) / Nov 30 Jahangir Sidd(Pref)(JSCLPSA)	8.51 ▼ -0.74 (-8.00%)
Ideal Sp. / Nov 30 Ideal Spinning Mills Limited(IDSM)	14.66 ▼ -1.19 (-7.51%)
AKD Hospitality / Nov 30 AKD Hospitality Limited(AKDHL)	159.28 ▼ -12.91 (-7.50%)
Blessed Tex. / Nov 30 Blessed Textiles Limited(BTL)	317.28 ▼ -25.72 (-7.50%)
Universal Network (GEM) / Nov 30 Universal Network Systems Limited (GEM)(GEMUNSL)	32.99 ▼ -2.67 (-7.49%)
Metro Steel / Nov 30 Metropolitan Steel Corporation Limited(MSCL)	21.37 ▼ -1.73 (-7.49%)

Stock	Volume
B.O.Punjab / Nov 30 The Bank of Punjab(BOP)	50,052,966 ▼ -0.21
Cnergyico PK / Nov 30 Cnergyico PK Limited(CNERGY)	35,689,157 ▼ -0.07
Pak Refinery / Nov 30 Pakistan Refinery Limited(PRL)	35,409,231 ▼ -0.13
Fauji Fert Bin / Nov 30 Fauji Fertilizer Bin Qasim Limited(FFBL)	32,650,500 ▲ 1.67
WorldCall Telecom / Nov 30 Worldcall Telecom Limited(WTL)	30,751,189 ▼ -0.01
Fauji Foods Ltd / Nov 30 Fauji Foods Limited(FFL)	30,039,307 ▲ 0.58
Kohinoor Spining / Nov 30 Kohinoor Spinning Mills Limited(KOSM)	23,573,500 ▼ -0.20
The Searle Co. / Nov 30 The Searle Company Limited(SEARL)	21,694,598 ▼ -0.38
Dewan Cement / Nov 30 Dewan Cement Limited(DCL)	21,032,000 ▲ 0.07
Fauji Cement / Nov 30 Fauji Cement Company Limited(FCCL)	15,482,500 ▲ 0.67

Markets →

Forex
World
Commodity

Currency	Rate
USD PKR Interbank Selling / Nov 30	285.78
USD PKR Interbank Buying / Nov 30	285.23
USD to Japanese Yen / Nov 30	147.02
USD to Swiss Franc / Nov 30	0.87
Pound Sterling to USD / Nov 30	1.27
Euro to USD / Nov 30	1.10
UK LIBOR % / Nov 29	5.46

Stock	Volume
S&P 500 / Nov 29	4550.58
Nasdaq / Nov 29	14258.49
Dow Jones / Nov 29	35430.42
India Sensex / Nov 30	66809.11
Tokyo Nikkei / Nov 30	33486.89
Hang Seng / Nov 30	17042.88
FTSE 100 / Nov 30	7437.50
Germany DAX 30 / Nov 30	16203.24
France CAC40 / Nov 30	7279.08

Item	Value
Karachi Cotton PKR/37.32 KG / Nov 29	17735
Gold 10 Grams PKR / Nov 29	185614
Crude Oil USD/Barrel / Nov 30	78.06
Gold Spot USD/Ounce / Nov 30	2044.28
Cotton US¢/pound / Nov 30	79.69

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