Fed set to hold rates steady in the face of Trump pressure WASHINGTON: The US central bank is expected to keep interest rates unchanged for a fourth straight policy meeting... Published 16 Jun, 2025 06:25am
World US tariffs may hamper efforts to cool inflation: Fed official WASHINGTON: Shifts in US trade policy could hold back further progress in lowering inflation, a senior US central... Published 03 Jun, 2025 11:51pm
Opinion Financial markets likely to be influenced by ongoing geopolitical issues The Federal Reserve’s preferred measure, the US April core Personal Consumption Expenditure (PCE) price index,... Updated 02 Jun, 2025 07:44am
World Trump summons Powell, tells him he’s making a mistake on rates WASHINGTON: US President Donald Trump called Federal Reserve Chair Jerome Powell to the White House on Thursday for... Published 30 May, 2025 06:03am
Opinion US-China trade truce Ultimately, there is a 90-day pause on tariff-related matters between the US and China, which has introduced a ... Updated 19 May, 2025 07:29am
Business & Finance Fed May pause cuts again and wait for clarity on tariffs WASHINGTON: The US Federal Reserve is widely expected to extend a recent pause in rate cuts this week as it waits to... Published 05 May, 2025 06:14am
World US tariffs could push up inflation, slow growth: Fed official WASHINGTON: The trade uncertainty fueled by recent tariffs will likely raise the risks of higher inflation and... Published 04 Apr, 2025 01:04am
Opinion Yen has weakened due to tariff-related concerns The activity in the foreign exchange market wrapped up on a lackluster note, failing to establish any clear... Published 31 Mar, 2025 04:08am
Business & Finance Fed keeps policy rate outlook intact WASHINGTON: The Federal Reserve held interest rates steady on Wednesday, as expected, but US central bank... Published 20 Mar, 2025 05:30am
Business & Finance Fed likely to keep rates steady WASHINGTON: The US Federal Reserve is widely expected to keep interest rates unchanged at its policy meeting this... Published 17 Mar, 2025 05:29am
Opinion Too late to buy gold? Gold’s relentless climb toward record highs is no mystery for Mr Market. In a world where financial markets are... Published 27 Feb, 2025 06:44am
Business & Finance Dollar strengthens after strong retail data NEW YORK: The US dollar strengthened against major currencies on Tuesday following better-than-expected retail sales... Published 18 Dec, 2024 06:37am
Business & Finance Asian currencies: Indonesian rupiah, Thai baht slip BENGALURU: Asian equities fell and the Indonesian rupiah and the Thai baht led losses among currencies on Tuesday, ... Published 18 Dec, 2024 06:37am
Business & Finance Fed may cut rates in last meeting of Biden era WASHINGTON: The US Federal Reserve is widely expected to announce a quarter point cut to its key lending rate on... Published 16 Dec, 2024 06:08am
Business & Finance Dollar little changed after CPI NEW YORK: The dollar was little changed on Wednesday after US price data came in line with forecasts, reinforcing... Published 12 Dec, 2024 06:50am
Business & Finance Fed’s favoured inflation gauge ticks up in October WASHINGTON: US inflation — set to be a key issue for incoming president Donald Trump — accelerated slightly last... Published 28 Nov, 2024 05:45am
Business & Finance Dollar weakens against major currencies NEW YORK: The US dollar weakened against major currencies on Tuesday, due in part to technical factors, taking a... Published 16 Oct, 2024 06:58am
Business & Finance US Fed ‘should proceed with more caution’ on rate cuts: official WASHINGTON: The US Federal Reserve should be more careful with its pace of rate cuts than it was in September, a... Published 15 Oct, 2024 12:36am
Markets Wall Street falls after inflation data NEW YORK: Wall Street opened lower on Thursday as hotter-than-expected September inflation data reinforced... Published 11 Oct, 2024 06:56am
Business & Finance Fed terminates 2013 money-laundering enforcement action against Citigroup WASHINGTON: The Federal Reserve announced on Tuesday that it had terminated a 2013 enforcement action it filed... Published 02 Oct, 2024 06:19am
Markets Dow advances to record high after inflation report NEW YORK: The blue-chip Dow rose on Friday to hit an intraday record and small-cap stocks outperformed after a ... Published 28 Sep, 2024 07:45am
World Trump says Fed’s rate cut was ‘political move’ WASHINGTON: Republican presidential candidate Donald Trump said on Thursday the US Federal Reserve’s decision to... Published 21 Sep, 2024 06:43am
Business & Finance US manufacturing mired in weakness; construction spending falls WASHINGTON: US manufacturing contracted at a moderate pace in August amid some improvement in employment, but a... Published 04 Sep, 2024 07:59am
Markets Most Gulf markets gain on US rate cut prospects DUBAI: Most Gulf markets ended higher on Sunday, extending gains from the previous session, after data supported the... Published 02 Sep, 2024 07:38am
Markets Wall Street Week Ahead: US stock rally broadens as investors await Fed NEW YORK: A broadening rally in US stocks is offering an encouraging signal to investors worried about concentration... Published 02 Sep, 2024 06:40am
Markets Gulf markets gain on hopes of early US Fed rate cut DUBAI: Most stock markets in the Gulf ended higher on Thursday, after US Federal Reserve minutes signalled... Published 23 Aug, 2024 03:24am
World Trump says US president should have say over monetary policy PALM BEACH, (United States): Donald Trump on Thursday voiced frustration at the independence of the Federal Reserve... Published 10 Aug, 2024 06:51am
Business & Finance Fed under pressure to cut rates as market turmoil continues WASHINGTON: The ongoing global stock sell-off has fueled calls for the US Federal Reserve to lower interest rates... Published 07 Aug, 2024 05:37am
World US Fed keeps key lending rate unchanged WASHINGTON: The US Federal Reserve left its key lending rate unchanged again on Wednesday and said it had made "some... Published 01 Aug, 2024 12:34am
Business & Finance Dollar dips ahead of Powell comments NEW YORK: The dollar retreated from earlier highs on Monday ahead of comments from Federal Reserve Chair Jerome... Published 16 Jul, 2024 06:43am