Page 10 - Jerome Powell

US Federal Reserve sees interest rates staying high for some time

Fed policymakers acknowledged they were probably at the peak rate and would begin cutting in 2024

Mainstream economics' medieval inflation cure

In modern medicine, specific diagnosis leads to specific treatment, but mainstream economists hark back to the medieval approach, attributing all diseases to a common cause

Central banks have saved the world in the past. And will do so again

'Central banks will occupy an ever-more important position in the economic and security life of nations, if history is any guide'

Wall Street traders go all-in on great monetary pivot of this year

"This is a massive paradigm shift on Wall Street, with the most aggressive rate-hiking cycle in decades coming to an end," said Adam Sarhan, founder of 50 Park Investments

Gold price dips Rs 110, silver falls Rs 700, trading at Rs 75,000 per kg

The price of 22-carat gold fell Rs 100, with the yellow metal selling at Rs 56,650

Gold price falls Rs 1,090 to Rs 63,110, silver down Rs 2,000 at Rs 78,500

The price of 22-carat gold declined Rs 1,000, with the yellow metal selling at Rs 57,850

Gold price climbs Rs 220 to Rs 62,950, silver rises Rs 300 to Rs 79,500

The price of 22-carat gold climbed Rs 200, with the yellow metal selling at Rs 57,700

Fed to move 'carefully' on rates, 'soft landing' taking shape: Powell

Powell and Fed Governor Lisa Cook, who earned her bachelor's degree at Spelman College, were scheduled to participate in a roundtable discussion with local entrepreneurs later on Friday

Gold price rises Rs 330 to Rs 61,090, silver jumps Rs 800 to Rs 74,000

The price of 22-carat gold rose Rs 300, with the yellow metal selling at Rs 56,000

Gold price fall Rs 440 to Rs 60,760, silver declines Rs 300 to 73,200

The price of 22-carat gold slid Rs 400, with the yellow metal selling at Rs 55,700

Gold price dips Rs 160 to Rs 61,200, silver falls Rs 1,000 to Rs 73,500

The price of 22-carat gold slid Rs 150, with the yellow metal selling at Rs 56,100

Gold price dips Rs 170 to Rs 61,470, silver rises Rs 200 to Rs 74,200

The price of 22-carat gold fell Rs 150, with the yellow metal selling at Rs 56,350

Fed Chair Powell says strong economy may still require rate increases

Fed chief says geopolitical tensions are 'highly elevated'

Oil pares gains ahead of US Fed's comments on interest rate moves

U.S. West Texas Intermediate crude futures were largely steady, up just 12 cents to $90.91 a barrel, after also jumping more than a $1 in earlier trading, and after losing 92 cents on Friday

Sensex, Nifty end flat; RIL, Jio Fin drop 1% as 46th AGM lacks fireworks

CLOSING BELL ON AUG 28, 2023: Shares of Reliance Industries (down 1.4 per cent) and Jio Financial Services (down 0.97 per cent) ended as the top large-cap laggards amid profit booking

Powell delivers on expected lines; Indian markets to consolidate: Analysts

The US central bank, Powell said, is prepared to hike the benchmark rates and keep the borrowing costs high until inflation comes in the target range of 2%

Rupee, govt bonds seen steady as Jerome Powell's remarks factored in

The yield on the benchmark 10-year bond closed at 7.20 per cent on Friday

Fed's Powell says higher rates may be needed, will move 'carefully'

"It is the Fed's job to bring inflation down to our 2% goal, and we will do so," Powell said in a keynote address to the Jackson Hole Economic Policy Symposium

Another weak week: Indices end in losses over 5 trading sessions again

Sensex, Nifty down for fifth consecutive week

Sensex slides 366 pts, extends losing run to 5-weeks; Nifty tests 19,250

CLOSING BELL ON AUGUST 25, 2023: The BSE benchmark has shed 2.7 per cent or 1,797 points in the last five straight weeks. HDFC Bank, Larsen & Toubro and ITC were the major laggards on Friday.