Page 8 - Jerome Powell

Considering Jamie Dimon for US Treasury, won't oust Fed's Powell: Trump

Powell said on Monday he has no plans to leave his post as head of the US central bank before his term expires

US Fed Chairman Powell opens key week of Fedspeak as rate cut case develops

The Fed meets July 30-31, but under the central bank's rules policymakers can't comment about monetary policy from this Saturday, July 20, until the Friday after the meeting

Gold price slips Rs 10 to Rs 73,190, silverfalls Rs 100 to Rs 95,400

The price of 22-carat gold also slipped Rs 10, with the yellow metal trading at Rs 67,090

Asian shares edge higher, markets hope for dovish stance from Powell

Chinese blue chips edged up 0.1%, while Hong Kong's Hang Seng index was flat

Gold price dips Rs 10 to Rs 73,570, silver rise Rs 100 to Rs 95,100

The price of 22-carat gold also slipped Rs 10, with the yellow metal trading at Rs 67,440

Asia shares inch higher as investors confident about US Fed's Sept rate cut

Oil prices gained on strong summer fuel demand and potential supply disruptions from Gulf of Mexico hurricanes

Fed officials at last meeting saw price pressures in decline, minutes show

Data released on June 12 showed the CPI had not risen at all in May on a month-to-month basis

Fed needs more evidence of falling inflation before cutting rates: Powell

Data for May showed the Fed's preferred measure of inflation did not increase at all that month, while the 12-month rate of price increases has ebbed to 2.6%

As global central banks consider rate cuts, inflation worries loom

Canada and the European Central Bank have been the first ones to introduce rate cuts, however, they have expressed their concerns about inflation

Govt bond yields extend losses tracking US yields on rate cut bets

The futures market is pricing in 50 basis points of rate cuts this year, according to the CME FedWatch tool

Highlights of the day: Six dead, 1,500 tourists stranded as landslides, rain wreak havoc in Sikkim

Catch all the latest updates from around the world here

Some progress on inflation but just one rate cut this year likely: Fed

Federal Reserve officials said on Wednesday that inflation has fallen further toward their target level in recent months but signalled that they expect to cut their benchmark interest rate just once this year. The policymakers' forecast for one rate cut was down from a previous forecast of three, likely because inflation, despite having cooled in the past two months, remains persistently elevated. In a statement issued after its two-day meeting, the Fed said the economy is growing at a solid pace, while hiring has remained strong. The officials also noted that in recent months there has been modest further progress toward its 2 per cent inflation target. That is a more positive assessment than after the Fed's previous meeting May 1, when the officials said there had been a lack of further progress" on inflation. The policymakers, as expected, kept their key rate unchanged at roughly 5.3 per cent. The benchmark rate has remained at that level since July of last year, after the Fed .

US Fed meeting decision, inflation data to be out today: What to expect

The US Federal Reserve is expected to keep interest rates unchanged in today's announcement. With that, all eyes will on whether it adjusts its forecasts for potential rate cuts this year

In first in 3 months, Fed dot plot set to offer glimpse of rate-cut resolve

A 41 per cent plurality of economists expect the US Fed to signal two cuts in the closely watched dot plot, while an equal number expect the forecasts to show just one or no cuts at all

US elections: Trump's victory seen as risk to Fed independence, shows poll

Overall, they put a probability of 40 per cent on the Fed losing its autonomy under a second Trump administration

Asia stocks slip as investors await Fed meeting to gauge possible rate cut

Japan's Nikkei was a rare bright spot, rising 0.2%, adding to the previous day's 0.73% rally

Federal Reserve Chair Powell tests positive for Covid-19: Spokesperson

Powell, 71, previously tested positive for Covid in January 2023. The next meeting of the Fed's policy-setting committee is set for June 11-12

'Soft landing' hopes at stake as investors await key US inflation data

Fed Chairman Jerome Powell has downplayed the potential for rate hikes this year and recent data showed cooling in the labor market

Fed's Powell expects inflation to fall, though not as confident as before

Powell said his outlook was for continued growth and ongoing job creation bolstered by immigration

Asia stocks slip, dollar up as policymakers give mixed signals on rate cuts

Crude oil wallowed near two-month lows amid signs of easing supply pressure and continued hopes for a Middle East ceasefire