Page 9 - Jerome Powell

Stocks in Asia inch higher, Yen wobbles after volatile start to week

China stocks were mixed in early trading with the blue-chip index easing 0.07%, while Hong Kong's Hang Seng index was up 0.5%

Gold price slips Rs 10 to Rs 73,680, silver falls Rs 100 to Rs 85,400

The price of 22-carat gold also dipped Rs 10, with the yellow metal selling at Rs 67,540

Fed Chair Powell's US rates warning means headache for rest of the world

China doesn't have such inflation worries, but rise in the premium of US 10-year government bond yields over their Chinese equivalents to a record high has sparked concerns over depreciation of yuan

Powell denies any guidance on rate cuts, hints at 'restriction' instead

Powell's comments further squashed any lingering expectations of the Fed cutting rates in the near term, with markets pricing in September as the new starting point of the easing cycle

Fed will likely reduce their key interest rate later this year: Powell

Federal Reserve officials will likely reduce their benchmark interest rate later this year, Chair Jerome Powell said Wednesday, despite recent reports showing that the US economy is still strong and that US inflation picked up in January and February. The recent data do not ... materially change the overall picture, Powell said in a speech at Stanford University, which continues to be one of solid growth, a strong but rebalancing labour market, and inflation moving down toward 2 per cent on a sometimes bumpy path. Most Fed officials see it as likely to be appropriate to start cutting their key rate at some point this year," he added. In his speech, Powell also sought to dispel any notion that the Fed's interest-rate decisions might be affected by this year's presidential election campaign. The Fed will meet and decide whether to cut rates during the peak of the campaign, in July and September. Though inflation has cooled significantly from its peak, it remains above the Fed's 2 per

Highlights: BJP fields ex-diplomat Taranjit Sandhu from Amritsar, singer Hans Raj Hans from Faridkot, ex-Cong MP Preneet Kaur from Patiala for LS 2024

From Amit Shah's visit to Assam to US Federal Chair Jerome Powell's statement on interest rates and keeping an eye on inflation, track all the news from around the world here

Fed doesn't need to be in a hurry to cut rates, reiterates Jerome Powell

Investors are now betting the US central bank will make that first cut in June

Want to see 'more good inflation readings' before rates are cut: Powell

Federal Reserve Chair Jerome Powell on Friday reiterated a message he has sounded in recent weeks: While the Fed expects to cut interest rates this year, it won't be ready to do so until it sees more good inflation readings' and is more confident that annual price increases are falling toward its 2 per cent target. Speaking at a conference at the Federal Reserve Bank of San Francisco, Powell said he still expected "inflation to come down on a sometimes bumpy path to 2 per cent". But the central bank's policymakers, he said, need to see further evidence before they would cut rates for the first time since inflation shot to a four-decade peak two years ago. The Fed responded to that bout of inflation by aggressively raising its benchmark rate beginning in March 2022. Eventually, it would raise its key rate 11 times to a 23-year high of around 5.4 per cent. The resulting higher borrowing costs helped bring inflation down from a peak of 9.1 per cent in June 2022 to 3.2 per cent last .

Fed's balancing act could see rate cut in play even with sticky inflation

Others see a slowing economy and weakening job growth on the horizon, pushing the Fed to cut in order to support the labor market

US Fed keeps key rates unchanged at 5.25%-5.5% for 5th straight meeting

Fed still expects three rate cuts in 2024 despite sticky inflation, stronger economy

Gold price climbs Rs 10 to Rs 66,340, silver rises Rs 100 to Rs 77,400

The price of 22-carat gold also rose Rs 10 with the yellow metal selling at Rs 60,810

Slow US inflation retreat to bolster Fed Reserve's patience over rate cuts

Away from inflation, there are scant signs of stress in the economy. The latest jobs report pointed to moderating yet healthy employment growth that will keep consumer spending afloat.

Gold price climbs Rs 10 to Rs 65,570, silver rises Rs 100 to Rs 75,100

The price of ten grams of 24-carat gold in Mumbai is in line with prices in Kolkata and Hyderabad, at Rs 65,570

Gold price climbs Rs 10 to Rs 65,140, silver falls Rs 100 to Rs 74,400

The price of ten grams of 24-carat gold in Mumbai is in line with prices in Kolkata and Hyderabad, at Rs 65,140

Federal Reserve in no rush to cut interest rates, says Jerome Powell

In prepared testimony to a House panel Wednesday, the Fed chief said it will likely be appropriate to begin lower borrowing costs "at some point this year," but made clear they're not ready yet

US Federal Reserve releases scenarios for 2024 bank "stress tests"

Fed's annual 'stress tests' dictate how much capital banks need to be healthy and how much they can return to shareholders via share buybacks and dividends

US Federal Reserve wary of cutting interest rates too soon: Jerome Powell

Treasuries fell across all maturities at the open in Asia as Powell's comments underscored the likelihood that bond investors had overshot in pricing for rapid rate cuts

Sensex drops 354 pts in fag-end, Nifty below 21,800; RIL, Airtel weigh

Stock market highlights on February 5: Among sectors, the Nifty Pharma, and Auto indices rallied over 1 per cent each

Dollar hovers near seven-week high as Fed cut expectations shift to May

The dollar has been buoyed by U.S. economic data suggesting the Fed can wait longer before cutting interest rates

US Fed keeps key rates unchanged at 5.25%-5.5% for 4th straight meeting

FOMC said it is unlikely to start cutting rates without 'greater confidence' that inflation is moving 'sustainably' towards its long-term 2% target