Page 25 - Federal Reserve

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

World stocks mixed, oil prices climb after Fed rate hike

Asian stocks surged Thursday while European markets opened lower after the Federal Reserve announced its first interest rate hike since 2008 and China promised support for its real estate and internet industries. Oil prices rose more than USD4 per barrel. London and Frankfurt and Wall Street futures sank. Hong Kong's market benchmark jumped more than 7per cent and Tokyo gained 3.5per cent. Shanghai, Seoul and Sydney advanced. Wall Street's benchmark S&P 500 index rose 2.2per cent after the Fed raised its short-term lending rate by 0.25 percentage points on Wednesday. The widely anticipated change was less than the 0.5 percentage point hike advocated by some officials. "Far from choking off growth, the start of the Fed tightening cycle seems to have been greeted warmly," Chris Turner and Francesco Pesole of ING said in a report. Investors are cheering measures to address high inflation. In early trading, the FTSE 100 in London lost 0.1per cent to 7,283.28 and the DAX in Frankfurt .

Oil surges by 4% amid IEA's warnings of supply shortages

The supply loss would be far greater than an expected drop in demand of one million bpd triggered by higher fuel prices, the IEA said in a report on Wednesday

Asian stocks rally as fears ease over Ukraine peace talks, Fed and China

US stock futures indicated a slightly lower restart, but followed a 2.2% surge for the S&P 500 overnight

Euro rises to one-week high on hopes for progress in Ukraine peace talks

New Fed projections showed policymakers ready to shift their inflation fight into high gear; most of them see the federal funds rate rising to a range between 1.75% and 2% by the end of 2022