Page 25 - Federal Reserve

Stocks jump, oil dips in Wall Street's latest dizzying swing

Stocks are jumping, and oil prices are easing Wednesday as the big swings shaking global markets go in both directions amid uncertainty about the war in Ukraine. The S&P 500 was 2.3% higher in morning trading, following a four-day losing streak that had pulled it 13% below its record set early this year. The Dow Jones Industrial Average was up 648 points, or 2%, at 32,281, as of 10:40 a.m. Eastern time, and the Nasdaq composite was 3.1% higher. Such big swings have been jerking markets around in recent weeks as investors grope to guess how much economic damage Russia's invasion of Ukraine will do. The swings have struck not only day-to-day but also hour-to-hour, with some days seeing several big reversals. The chaotic movements are likely only to continue with uncertainty so high about the war in Ukraine and its ultimate economic fallout. The region is key to markets because it's a major producer of oil, wheat and other commodities, whose prices have spiked on worries about ...

Palladium firms near record, gold accelerates as Ukraine worries mount

Investors also took stock of the London Platinum and Palladium Market's statement that Russian refiners can continue to sell platinum and palladium in London

Wall Street jumps; Fed's Jerome Powell assuages fear of aggressive hike

The Dow Jones Industrial Average was up 2.13% at 34,004.63 points, while the S&P 500 gained 2.17% to 4,399.6

Ukraine war won't deter Federal Reserve from March rate hikes: Report

US Federal Reserve and some of its major central banking peers will press ahead with lifting interest rates in March, money markets suggest, even as Ukraine war complicates picture of inflation

Global central banks were on the same page, Ukraine crisis may reshape that

The well-scripted turn by global central banks towards tighter, post-pandemic monetary policy has been into doubt by Russia's invasion of Ukraine.

Fed should lift rates a full percentage point by mid-year: Waller

Federal Reserve Governor Christopher Waller on Thursday laid out the case for a "concerted" effort to rein in inflation, calling for raising interest rates a full percentage point by mid-year.

Fed chief Powell to give policy update to Congress in early March

Powell will deliver his regular semiannual monetary policy update to the US House Financial Services Committee on March 2 and appear before the Senate Banking Committee on March 3

Indonesia records first annual current account surplus in a decade

Indonesia's persistent current account deficits and reliance on foreign portfolio inflows to fund them were among the main contributors to the volatility of the rupiah currency in the past

Euro weighs down as US says Russia increasing troops near Ukraine

The standoff on Europe's eastern edge is one of the deepest crises in East-West relations for decades, and markets had rallied in relief at earlier Russian statements about a military pullback

Gold rises as concerns over Ukraine resurface; Fed minutes in focus

US Secretary of State Antony Blinken said on Wednesday that Russia has been moving critical units closer to Ukraine's border, despite Moscow's insistence it was pulling back

US retail sales rebound sharply to increase 3.8% in January: Govt data

December retail sales revised to show steeper decline; core retail sales jump 4.8%

Better.com CEO's infamous firings in US added 1,000 employees in India

Factors including the workforce reduction and negative media coverage 'detrimentally affected Better's productivity and financial results,' the company said

Ukraine tension reins in euro, drives rush to safe-haven currencies

German Chancellor Olaf Scholz, who heads to Kyiv on Monday and Moscow for talks with President Vladimir Putin on Tuesday, warned of sanctions if Moscow invaded Ukraine

Dollar posts solid gains after higher-than-expected US CPI data in Jan

CPI rose 0.6% last month from December, the Labor Department said, while in the 12 months through January, the CPI jumped 7.5%, the biggest year-on-year increase since February 1982

RBI must focus more on inflation to combat spiking yields, say traders

The benchmark 10-year bond yield spiked to a 2-1/2-year high after the government announced a borrowing target of 14.95 trillion rupees ($199.84 billion) for the next fiscal year

Markets drop for a second day on global cues; eke out 2.5% weekly gain

In the preceding two weeks, domestic markets had crashed 7 per cent spooked by the US Federal Reserve's decision to start raising interest rates to cool down inflation

Gold steady as dollar slides in run-up to United States jobs data

If the jobs report out of the United States encourages the Fed's hawkish mood, it should lead to a significant breakdown in gold, DailyFX currency strategist Ilya Spivak said

Asia stocks make tentative gains, Brent tops $91

The standoff over Ukraine remains a thorn in the market's side, with concerns a Russian invasion would also cut vital gas supplies to western Europe

US dollar holds near 18-month high ahead of busy central bank week

Market pricing now suggests a more than 90% chance of at least four Fed rate hikes by the end of the year and a 67% chance of at least five.

Dollar posts biggest weekly rise in 7 months on rate bets

Dollar steadily rose in a week highlighted by a more hawkish tone coming out of a Federal Reserve meeting