Page 15 - Jerome Powell

Bitcoin hovers around $20k as Fed chief's hawkish comments weigh on crypto

The largest token fell as much as 2.3% on Monday to $19,527, the fifth day of declines

Sensex slides 861 pts, Nifty holds 17,300; RIL slips 1% post 45th AGM

CLOSING BELL: Mukesh Ambani laid out succession plan with Akash Ambani championing telecom, Isha Ambani controlling Retail, and Anant Ambani joining new-energy vertical

Gold drops 0.8% as US dollar shines on Powell's rate hike warning

Gold prices took a beating as US Federal Reserve Chair acknowledged that a quick undo of central bank's rate tightening was far from over, which boosted the dollar and sent bullion to a one-month low

No need to worry till the Sensex holds 56,886 level, technical charts say

Equity markets declined the most in around a month on Monday following US Fed chief Jerome Powell's comments on Friday, which indicated that it will continue with its restrictive monetary policy

Rupee hits new low of 80.14 per $ as Fed's Powell talks tough on inflation

RBI interventions to determine rupee's course amid surging dollar

'Inflation fever' finally breaking but central banks won't stop rate hikes

As economic growth slows, prices for key raw materials - from oil to copper and wheat - have cooled in recent weeks, taking pressure off the cost of manufactured goods and food

Oil prices mixed as OPEC supply cut prospect neutralises demand fears

Oil prices were mixed on Monday as investors balanced expectations the OPEC will cut output to support prices against concerns sparked by Federal Reserve Chairman Jerome Powell

Top Headlines: RIL AGM today; Suzuki Motor to set up EV battery unit & more

Reliance Industries (RIL) will hold its 45th Annual General Meeting (AGM) via video conferencing today at 2 pm on Monday, August 29

To the point

The Fed has made its policy position clear

Indian markets may feel the pinch of Fed chief's hawkish comments: Experts

Last week, the Sensex and the Nifty shed over 1 per cent but were still up nearly 15 per cent from their June lows

Rupee set to test fresh lows as Powell dispels hopes of softer Fed

But depreciation likely to be orderly because of RBI support, FPI inflows

Powell's 8-min speech at Jackson Hole erases $78 bn from richest Americans

US central bank will keep raising interest rates and probably leave them elevated for a while to reduce inflation

Bitcoin plunges below $20,000, may reach $10,000 level this year

After showing some stabilisation in the last few weeks, world's largest cryptocurrency Bitcoin has plunged once again below $20,000 after Federal Reserve Chair Jerome Powell's keynote address

Indian equities likely to remain volatile after US Fed chair's speech

On Friday, Fed chair Jerome Powell signaled the US central bank is likely to keep hiking interest rates and keep them elevated to tame inflation.

US Fed chief Powell talks tough, warns of 'unusually high' rate hikes

Inflation is now their chief concern, and Powell's remarks at the symposium, hosted by the Kansas City Fed, set a tone likely to register on global markets

Oil prices dip after US Fed chair Powell warns of economic pain ahead

Brent crude futures fell 1 cent to $99.33 a barrel by 1:13 p.m. EDT (1713 GMT). U.S. West Texas Intermediate (WTI) crude futures fell 33 cents to $92.19 a barrel.

Stocks slide, dollar cuts losses as Fed's Powell warns of economic pain

"Reducing inflation is likely to require a sustained period of below-trend growth. Moreover, there will very likely be some softening of labor market conditions," Powell said.

Rupee rises by 8 paise to 79.84 on weak dollar ahead of Fed chair speech

The rupee appreciated by 8 paise to close at 79.84 against the US dollar on Friday, supported by a weak dollar in the overseas markets and a positive trend in domestic equities. However, higher crude prices in the international markets restricted the rupee's gain, forex dealers said. At the interbank forex market, the local unit opened at 79.87 against the greenback. It witnessed an intra-day high of 79.81 and a low of 79.94 against the American currency during the session. It finally ended at 79.84 against the US dollar, up 8 paise from its previous close of 79.92. "Rupee continued to consolidate in a narrow range ahead of the Jackson Hole symposium. Dollar weakened against its major crosses after the GDP number released from the US came in line with expectation," said Gaurang Somaiya, Forex & Bullion Analyst, Motilal Oswal Financial Services. Market participants remained cautious as they waited for a speech by the Federal Reserve chairman. "The Fed Chairman's speech in Jackson

Fed could keep lifting rates sharply 'for some time', says Powell

Federal Reserve Chair Jerome Powell delivered a stark message on Friday: The Fed will likely impose more large interest rate hikes in coming months and is resolutely focused on taming the highest inflation in four decades. Powell acknowledged that the Fed's continued tightening of credit will cause pain for many households and businesses as its higher rates further slow the economy and potentially lead to job losses. These are the unfortunate costs of reducing inflation, Powell said in the written version of a high-profile speech he is giving at the Fed's annual economic symposium in Jackson Hole. But a failure to restore price stability would mean far greater pain. Powell's message may disappoint investors who were hoping for a signal that the Fed might soon moderate its rate increases later this year if inflation were to show further signs of easing. After hiking its key short term rate by three-quarters of a point at each of its past two meetings part of the Fed's fastest pace

Dollar index volatile after Fed's Jerome Powell comments on inflation

Powell struck a hawkish tone, as was widely expected, and said that the Fed's overarching focus is to bring price pressures back down to the Fed's target of 2%.