Page 24 - Federal Reserve

Wall Street up, US Treasury surges as investors eye earnings, global growth

Stocks were up in early trading, with the Dow Jones Industrial Average rising 0.22%, the S&P 500 climbing 0.25% and the Nasdaq Composite up 0.23%

Global bond funds see outflows of $14.5 billion in week to April 13

The benchmark 10-year US Treasury yield hit a three-year high last week in the wake of hawkish comments from Fed officials

Biden wants US-made iron and steel for $1-trn project infra

As Biden faces inflation at a 40-year high, he is betting that more domestic production will ultimately reduce price pressures

Joe Biden to nominate Michael Barr for Fed's bank regulation post

The selection of Barr comes after Biden's first choice for the Fed post, Sarah Bloom Raskin, withdrew her nomination a month ago in the face of opposition from Republicans and one Democrat

US dollar climbs to near 20-year peak vs yen as more Fed hikes loom

Against a basket of six major currencies, the dollar climbed to 100.52, the highest since May 2020, but was last little changed at 100.29

US mortgage interest rates top 5%, buyers look to lock in rates

Investors see the Fed bringing its federal funds rate to 2.5%-2.75% by the end of 2022, up from the current target range of between 0.25% and 0.5%

JPMorgan's Q1 profit falls 42% on slowdown in deals, trading

The largest US lender, whose fortunes are often seen as a barometer of the health of the economy, posted a profit of $8.28 bn, or $2.63 per share, in the quarter ended March 31

Global gold prices inch higher as Ukraine conflict lifts safe-haven bids

Spot gold was up 0.2% at $1,970.21 per ounce, as of 0748 GMT, after hitting a near one-month peak of $1,978.21 on Tuesday

Wall Street gains as growth stocks rebound after inflation data

The Dow Jones Industrial Average was up 243.93 points, or 0.71%, at 34,552.01, the S&P 500 was up 48.24 points

CBI refutes reports claiming FBI team in India to probe 'bitcoin scam'

The statement comes after the Congress on Friday asked whether the FBI is in India to investigate an alleged "Bitcoin scam"

Pakistan seeks to skirt crisis with biggest rate hike since 1996

The key rate now stands at 12.25 per cent, State Bank of Pakistan said in a statement on Thursday

Wall Street slips on hawkish Fed; banks, industrials top losers

The Dow Jones Industrial Average was down 217.37 points, or 0.63%, at 34,279.14

Rupee drops 3.5% against dollar in FY22; fares better than global peers

The rupee depreciated 6.27% in the financial year 2013-14 when investors pulled out of emerging markets after the US Fed under Ben Barnanke spoke of possible financial tightening

Federal Reserve balance sheet expands despite a hike in policy rate

This has cushioned the blow, resulting in a mild correction in risk assets like equity, say analysts

Anticipated aggressive rate hikes by Fed drive up recession concerns

The Fed kicked off a new tightening cycle by raising the benchmark interest rate by 25 bps to a range of 0.25 to 0.5 per cent on March 16

Yen bounces as BoJ drags heels on bond buying; export prices remain high

After touching a six-year low of 122.44 per dollar in the morning, by the Tokyo afternoon the yen had snapped a five-day losing streak and was up as far at 1% to 121.18

Best of BS Opinion: Reemergence of Covid, India's external shocks and more

Here are the best of BS Opinion pieces of the day

Gold little changed as focus remains on Ukraine crisis, Fed

Preventing the metal from gaining further, two of the Fed's most hawkish policymakers said on Friday the central bank needs to take more aggressive steps to combat inflation

Investor wealth rises Rs 19 trn as Sensex soars 5,000 pts in 8 sessions

Some moderation in internal commodity prices -- including crude oil -- had pushed investors to make a comeback in the markets

Gold bounces on dollar retreat as focus turns to Ukraine crisis

The dollar and Treasury yields eased a day after the Federal Reserve raised interest rates by a quarter percentage point, with investors having priced in an even stronger rate hike