Thu, Nov 02, 2023
Powell said the better course of action for now, given the uncertainties, was to maintain the Fed's benchmark overnight interest rate in the current 5.25 per cent-5.50 per cent range, and see how job and price data evolve between now and the next policy meeting in December.
Wed, Nov 01, 2023
With financial markets expecting the U.S. central bank to keep interest rates on hold at the end of a two-day policy meeting on Wednesday, policymakers now have to judge whether the economy's stronger-than-anticipated performance is a last gasp of the consumer splurge that began during the COVID-19 pandemic, or evidence that monetary policy still isn't strict enough to fully return inflation to the Fed's 2% target.
Sun, Oct 29, 2023
The trading activity of foreign investors and the movement of global oil benchmark Brent crude will also be tracked.
Thu, Dec 15, 2016
The policy-setting Federal Open Market Committee voted unanimously to increase the key federal funds rate to a range of 0.5 to 0.75 percent, but repeated that the world`s biggest economy likely will require only "gradual" rate increases going forward.
Wed, Dec 14, 2016
Trump has not yet taken office, and any proposals would have to clear a Republican-controlled Congress that may be stricter about increasing public debt than Trump. In recent public appearances some Fed officials have said they see a chance Trump`s policies may force them to speed the pace of rate increases, yet also said they are hesitant to change their outlook before he shares more details.
Mon, Dec 12, 2016
Bank of Israel Governor Karnit Flug said on Sunday that an expansion of US spending once Donald Trump takes office could benefit Israel`s economy.
Sun, Dec 11, 2016
There is little room for doubt that the US Federal Reserve will raise the benchmark interest rate in the coming week for only the second time in a decade.
The outcome of US Federal Reserve meeting, domestic macro data and the global market trend will keep investors hooked this week, say experts.
Tue, Dec 06, 2016
Gold inched up on Tuesday as bargain-hunters moved in after prices touched their lowest in 10 months the session before, but a possible US rate hike as early as next week capped gains.
Sat, Dec 03, 2016
The US unemployment rate fell to a nine-year low of 4.6% in November, as employers added another 178,000 jobs, making it almost certain that the US Federal Reserve will raise interest rates later this month.
Wed, Nov 30, 2016
The US economy grew faster than initially estimated in the third quarter (Q3), notching its best performance in two years, buoyed by strong consumer spending and a surge in soybean exports.
Tue, Nov 29, 2016
The rupee edged higher by 5 paise to 68.71 against the US dollar at the forex market in early trade on Tuesday on fresh selling of the American currency by exporters and banks.
Mon, Nov 28, 2016
Gold rose over 1% on Monday, recovering from a nine-and-a-half-month low in the previous session, as the US dollar extended losses after touching a 14-year highs touched last week.
Thu, Nov 24, 2016
China weakened the yuan's reference rate to beyond 6.9 to the dollar for the first time in more than eight years on Thursday as the surging greenback further pressures the carefully controlled unit.
Most US interest rate policymakers believe a rate hike to be appropriate "relatively soon," boosting the chances of an increase in December, according to meeting minutes released on Wednesday.
Fri, Nov 18, 2016
Gold dropped to a 5-1/2-month low on Friday and was set for a second week of declines, as the dollar soared after comments from the Federal Reserve bolstered expectations that U.S. interest rates would rise next month.
Thu, Nov 17, 2016
Yellen seaid that the Fed could increase rates soon if improving labor market and rising inflation continues.
Thu, Nov 10, 2016
Asian shares rebounded on Thursday and the dollar firmed after global markets made a remarkable comeback from the shock of Republican Donald Trump`s presidential victory, dumping safe-havens for the tempting returns of risk assets.
Tue, Nov 08, 2016
China`s foreign exchange reserves dropped nearly $46 billion in October, the central bank said, their second-largest decline this year as capital outflows eat into the world`s largest stockpile.
Uncertainty ahead of Tuesday's US presidential election and a possible US interest rate hike in December have boosted demand for gold and silver in the United States (US), dealers said.
Thu, Nov 03, 2016
Asia shares joined the US dollar on the defensive on Thursday as the nail-biting US presidential race saw the S&P 500 suffer its longest losing streak in five years as investors sailed to safer harbours.
Wed, Nov 02, 2016
Gold hit a one-month high on Wednesday as investors grew more concerned over the global economic outlook and started looking for safe-haven assets on signs the US presidential election race was tightening.
Mon, Oct 31, 2016
Gold held steady early Monday amid a firm dollar and weaker equities following a 0.6 % gain in the previous session, with markets eyeing the upcoming Federal Reserve meeting for insight on the timing of a U.S. interest rate hike.
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