Page 24 - Federal Reserve
Gold prices slip more than 2% to a near three-month low; oil falls
Oil also declined as China's measures to curb Covid-19 threatened a further hit to fuel demand
 "Gold prices slip more than 2% to a near three-month low; oil falls")
Indian shares track weakness in Asian peers amid Fed rate in focus
The NSE Nifty 50 index was down 0.78% at 16,969.10 as of 0357 GMT on Monday, with most of its major sub-indexes in the negative, while the S&P BSE Sensex fell 1.11% to 56,429.45
 "Indian shares track weakness in Asian peers amid Fed rate in focus")
Markets rally as global sentiment improves; Sensex, Nifty rise 1.2%
Both foreign portfolio investors (FPIs) as well as domestic institutions were net buyers on Thursday
 "Markets rally as global sentiment improves; Sensex, Nifty rise 1.2%")
Dollar hits 20-year peak on yen as BOJ double-down super-low yield policy
There had been some market speculation the BOJ might step back a little given inflation was rising and other major central banks were tightening, but it showed no hesitation
 "Dollar hits 20-year peak on yen as BOJ double-down super-low yield policy")
Cash shifts pull rug under global equity markets, say strategists
World stocks recorded their worst quarter this year since the coronavirus pandemic unleashed havoc in March 2020, while US stocks are down nearly 12% from its peak earlier this year
 "Cash shifts pull rug under global equity markets, say strategists")
Two-thirds of workers might seek new jobs if forced back to office: Survey
The findings track US data showing high levels of job turnover, as well as near-record vacancies as firms struggle to recruit and hold onto workers
 "Two-thirds of workers might seek new jobs if forced back to office: Survey")
World stocks hit five-week low, yields soar on Fed rate hike outlook
European Central Bank officials said on Thursday that the central bank might start hiking euro zone rates as early as July
 "World stocks hit five-week low, yields soar on Fed rate hike outlook")
Euro drops after ECB's mixed comments; dollar hits fresh 25-month high
ECB President Christine Lagarde struck a dovish tone by saying the central bank might need to cut its growth outlook
 "Euro drops after ECB's mixed comments; dollar hits fresh 25-month high")
Dollar stands tall as US Federal Reserve eyes 50-basis-point hike
Federal Reserve Chairman Jerome Powell said on Thursday a 50-basis-point hike was on the table at its next meeting in May
 "Dollar stands tall as US Federal Reserve eyes 50-basis-point hike")
US Dollar steadies after hitting fresh 20-year high on yen
The dollar's gains have been most striking against the yen, climbing to its highest level of 128.32 yen against the Japanese currency since May 2002
US dollar touches fresh two-year high on steep Fed rate hike view
The benchmark U.S. 10-year Treasury yield, meanwhile, touched a three-year high of 2.884%
US dollar continues to garner support from Fed hike expectations
The US rate futures market has priced in 96% chance of a 50 basis-point hike at next month's Fed policy meeting, and about 215 basis points in cumulative rate increases
 "US dollar continues to garner support from Fed hike expectations")
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
 "Biden wants US-made iron and steel for $1-trn project infra")
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
 "Joe Biden to nominate Michael Barr for Fed's bank regulation post")
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%
 "US mortgage interest rates top 5%, buyers look to lock in rates")
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
 "JPMorgan's Q1 profit falls 42% on slowdown in deals, trading")
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
 "Global gold prices inch higher as Ukraine conflict lifts safe-haven bids")