Search result for Federal Reserve
The Fed's aggressive approach has put Korea under duress.
The Korean won has dropped against the dollar after Powell's comments signaled the likelihood of future rate hikes. Signals of future rate hikes from the US Federal Reserve have weighed on the Korean economy, raising concerns about a widening gap between the key rates of the two nations, whic...
Consumers are more upbeat about the here and now, but they expect inflation to rise in the near future.
The Federal Reserve's efforts to stem the rise in prices were given a complication boost on Friday by a crucial report from the University of Michigan that found consumer sentiment had improved in February but inflation expectations had increased.
Preliminary data for February show ...
After Powell's remarks, European stocks hit a nine-month high, as the dollar wobbles.
On Wednesday, global stocks soared and most currencies rallied against the dollar as investors perceived a dovish tone in comments from Federal Reserve Chair Jerome Powell, albeit an ECB policy change meant European bonds sat out the rally. MSCI's world stock index increased 0.3%, returning t...
Oil prices are unchanged as the market awaits decisions from the Federal Reserve and OPEC.
Oil prices remained relatively unchanged as the market anticipates a meeting of OPEC and its allies, a Federal Reserve rate decision, and U.S. government data on oil and fuel stockpiles on Wednesday. Brent crude futures fell 11 cents, or 0.1%, to $85.35 a barrel at 0949 GMT. West Texas Intermedia...
Ahead of the most recent U.S. jobs reading, Asian stock markets decline
On Friday's Asian stock market action was uneven ahead of U.S. jobs data that could support Federal Reserve plans for larger interest rate increases to curb rising inflation.
Seoul, Tokyo, and Hong Kong all withdrew as Shanghai moved forward. Over $1.50 per barrel was added to the p...
U.S. ECONOMY LIKELY TO REBOUND 3.5 PERCENT NEXT YEAR: ROBERT KAPLAN
Highlights
• Robert Kaplan, President of Dallas Federal Reserve Bank said though the U.S. economy will contract 2.5 percent this year, it will definitely grow a strong 3.5 percent next year
• Speaking in an online event organised by the Houston Hispanic Chamber of Co...
LORETTA MESTER CALLS ON CONGRESS FOR MORE HELP ON THE CORONAVIRUS PANDEMIC
Highlights
- The rise in cases has increased dangers to the economy
- On an annualized basis, it slumped nearly 33% in the second quarter
On Wednesday, Loretta Mester called for more help from Congress. She said that the central bank sta...
FED RESERVE CHAIRMAN: THE US ECONOMIC RECOVERY FROM COVID – 19 COULD STRETCH THROUGH NEXT YEAR END
Highlights
- The COVID – 19 pandemic has brought the US economy into a recession
- Fed Chief states that it will rebound but the recovery could stretch through the end of next year.
Due...
YEN, EURO GAIN ON DOLLAR
Highlights:
- Markets are betting that the Federal Reserve is planning to cut rates this month.
- The yen remained strong after the biggest weekly gains since 2016.
- The euro is at one-month highs and stood at $1.1050.
On Monda...
US factory orders worsen during manufacturing slump
New orders for American-made goods dropped in November, the latest sign that the manufacturing sector was struggling to climb out of last year's mild recession.
A droop of amongst American manufacturers deepened in December as a survey of senior executives showed the weakest perform...
Repo is Wall Street's enormous year-end stress. Why?
Ablaze worry in the market in September implied that money accessible to momentary borrowers everything except evaporated as interest for assets to settle Treasury buys and pay corporate charges overpowered advances settled on accessible in the repurchase understanding (repo) showcase. Loan fees ...
US Stocks Sag Ahead Of Fed Meeting, British Vote
It is pretty easy to understand how the stock market works. Buyers and sellers will negotiate the prices and make companies, working much like an auction house. Such stocks can, therefore, be bought and sold by investors, and the exchange tracks each stock's bid and demand.
The New ...
For the fourth straight month, US manufacturing slides temper economic growth expectations
US manufacturing production contracted in November for a fourth straight month as new orders fell back to their lowest level since 2012, while infrastructure expenditure plummeted in October, tempering the economy's momentum fanned by a recent run of optimistic results.
Monday (Dec ...
Bank holding companies see a change in norms
As the banking sector of the United States suffers from unpaid loans and their premiums we are now seeing a major change in the norms of the bank holding companies as the Federal reserve has penned down new rules citing the concerns of the banking sector and to help stop the slowdown in various s...