Page 16 - Jerome Powell

Dollar holds firm against euro, sterling as Jerome Powell speech day dawns

The dollar held onto recent gains against the euro and sterling on Friday ahead of Federal Reserve Chair Jerome Powell's widely-anticipated speech, which traders hope will offer clues on the U.S. cent

Gold range-bound as investors wait for Fed chair's speech at Jackson Hole

Spot gold rose 0.2% to $1,751.16 per ounce by 0854 GMT, trading in a $9 range. It advanced 0.7% in the previous session. U.S. gold futures rose 0.1% to $1,763.60.

Sensex gyrates 1,027 pts, ends 257 pts up; Nifty holds 17,550; M&M gains 4%

CLOSING BELL: RIL, ICICI Bank, M&M, SBI, Bajaj twins, and Titan were the stocks that supported the indices

Fed saw smaller hikes ahead to assess prior moves, show July minutes

Pace of future Fed hikes depends on data, no evidence inflation subsiding, July minutes show

Shifting global expectations

Markets are anticipating less tightening by central banks

Fed minutes on Wednesday may reveal inclinations on size of next rate hike

Fed officials who have spoken since the July meeting have pushed back against any perception that they'd be pivoting away from tightening any time soon

Global central banks lift interest rates by nearly 1,200 bps in July

Central banks overseeing five of the 10 most heavily traded currencies delivered 325 basis points of rate hikes between them last month.

Gold steadies as lower US treasury yields counter uptick in dollar

Spot gold was flat around $1,771.29 per ounce by 0843 GMT, after hitting its highest since July 5 at $1,780.39 earlier in the session.

Crypto watch: Winter in the market is not over yet, argue experts

As the cryptocurrency market cap crossed $1.1 trillion mark on Friday and Bitcoin rose above $24,000, experts said that 'we are not there yet'

Analysts expect FII flows to Indian equities to pick up in H2

However, analysts do caution against intermittent phases of withdrawals by FIIs given macro-economic developments across major world economies

Gold price rises as Fed's Powell allays fears over large rate hikes

Spot gold was up 0.6% at $1,743.49 per ounce, as of 0711 GMT, its highest since July 13.

Sensex soars over 1,000 points: Top 5 reasons driving investor sentiment

Analysts believe that the US Fed's confidence about strong labor markets and dismissal of recession brought respite to the investors

Rupee, bonds gain on 'less hawkish' policy despite US Fed rate hike

Fed Chair Powell's comments suggest slower pace of hikes going ahead, say markets

Federal Reserve may go easy after 75 basis-point rate hike next week

Powell has said either 50 or 75 basis points would be on the table at the Fed's July 26-27 meeting

Fed sees 'more restrictive' rates possible if inflation persists: Minutes

Policy makers backed raising rates at their next meeting in July by either 50 or 75 basis points, according to minutes of the FOMC's June 14-15 policy meeting released Wednesday in Washington

'No guarantee' Fed can tame inflation, spare jobs, says Jerome Powell

Federal Reserve Chair Jerome Powell said there's no guarantee'' the central bank can tame runaway inflation without hurting the job market. Speaking Wednesday at a European Central Bank forum in Sintra, Portugal, Powell repeated his hope that the Fed can achieve a so-called soft landing raising interest rates just enough to slow the economy and rein in surging consumer prices without causing a recession and sharply raising the unemployment rate. We believe we can do that. That is our aim,'' he said. But the Russian invasion of Ukraine, he said, had made the job more difficult by disrupting commerce and driving up the price of food, energy and chemicals. It's gotten harder,'' Powell said. The pathways have gotten narrower.'' ECB President Christine Lagarde echoed the major impact" of energy shocks, which are rippling worldwide but felt acutely in Europe because of its reliance on Russian oil and natural gas. She also pointed to Europe's proximity to the war in Ukraine and said how

Oil rises almost $2 a barrel, still set for weekly drop on recession fears

U.S. Federal Reserve Chair Jerome Powell said the central bank's focus on curbing inflation was "unconditional", adding to fears about more interest rate hikes that have weighed on financial markets

Possible that rates will rise to level that causes recession: Fed's Powell

His remarks underscore the challenge facing the central bank as it raises interest rates at the most rapid clip since the 1980s to slow the economy and cool inflation

Fed aims to avoid recession, but it certainly is a possibility: Powell

He said the pace of future rate hikes will depend on whether and how quickly inflation starts to decline, something the Fed will assess on a meeting by meeting basis.

Fed will decide on rate hikes 'meeting by meeting', says Jerome Powell

Its decision-making will be based on the incoming data and the evolving outlook for the economy, Powell said in prepared testimony to the Senate Banking Committee