Powell has been threatened with a probe over congressional testimony he gave last summer about the renovation of the Fed's headquarters
The probe elicited objections from lawmakers and comments from President Donald Trump that suggest he's trying to distance himself from the matter
The dollar, Treasuries and US equities futures all slid in early Asia trading after Chair Jerome Powell said the threat of a US criminal indictment was a consequence of a disagreement
Spot gold climbed 2 per cent to hit a new record high at $4,426.66 per ounce as of 1313 GMT. US gold futures for February delivery rose 1.5 per cent to $4,451.60 per ounce
Trump has said he will soon announce his choice for Fed chair, but that he might wait until early 2026 to publicly reveal the name
Sensex Today | Stock Market LIVE Updates, December 9, 2025: In the broader markets, the Nifty MidCap index was up 0.32 per cent, and the Nifty SmallCap index was up 1.14 per cent
The US Fed's interest rate decision will be the major factor dictating trends in the domestic equity market this week, with global movements and foreign investor activity also influencing sentiment, according to analysts. Stock markets ended the last week on a subdued note, with benchmark indices Sensex and Nifty closing flat. "This week, markets will closely track India's CPI print on December 12...Globally, the spotlight will be on the US Federal Reserve's interest rate decision, which could drive risk sentiment across emerging markets already navigating currency pressures," Ajit Mishra- SVP, Research, Religare Broking Ltd, said. The movement of the rupee, which breached 90 to a dollar last week, will also be tracked by investors. Investors' attention now shifts firmly to the upcoming US Federal Open Market Committee (FOMC) meeting scheduled for December 910, 2025, Pravesh Gour, Senior Technical Analyst at Swastika Investmart Ltd, said. "Alongside the FOMC decision, key US econo
The Nikkei 225 rose 0.8 per cent, while MSCI's broadest index of Asia-Pacific shares outside Japan was trading down 0.1 per cent, weighed down by declines in Korea and New Zealand
Spot gold was up 1% at $4,172.18 per ounce at 1208 GMT, its highest since November 14. U.S. gold futures for December delivery were up 0.7% at $4,168.70 per ounce
The president has publicly mused about the decision, praising candidates on the list, but has been coy about suggesting whether he's leaning toward any particular candidate
The Federal Reserve's top banking regulator on Tuesday released new guidelines for the agency's supervision of the financial system, earning praise from industry trade groups and criticism from her predecessor. In a set of sweeping changes, the principles call for bank examiners to focus on material financial risks and to not become distracted from this priority by devoting excessive attention to processes, procedures, and documentation." The guidelines are set out in a memo originally distributed to Fed employees October 29 but released Tuesday. Michelle Bowman, the Fed's vice chair for supervision, said the principles will sharpen the central bank's focus and build a more effective supervisory framework. By anchoring our work in material financial risks, we strengthen the banking system's foundation while upholding transparency, accountability, and fairness," Bowman said in a written statement. Bowman was named vice chair by President Donald Trump in March. Since Trump took offic
Kugler's resignation gave Trump an earlier-than-expected opportunity to fill a slot on the Fed's board in the midst of his intense pressure campaign urging policymakers to drastically lower rates
Japan's Nikkei tumbled 1.8 per cent on Friday, Australia's resources-heavy shares slid 1.5 per cent, while South Korea plunged 2.3 per cent
Central banks continuing to buy gold at a brisk pace despite elevated gold prices underscores the importance of holding metal in the present, uncertain political, economic, and geopolitical times
Powell left the door open to further rate cuts on Tuesday and said the end of the central bank's long-running effort to shrink the size of its holdings may be coming into view
Only new Governor Stephen Miran, who joined the Fed on Tuesday and is on leave as the head of the White House's Council of Economic Advisers, dissented in favor of a half-percentage-point cut
The Fed is widely expected to cut interest rates on Sept. 17 as it grapples with a slowing labour market, stubborn inflation and an unprecedented push by Trump for lower borrowing costs
Trump last week asked the Washington-based appeals court to temporarily pause a lower court's Sept. 9 injunction blocking him from firing Cook
Gold caught its breath after Tuesday's record high, while the dollar ticked higher, with two crucial days of US inflation figures
Gold prices are likely to remain in a consolidation phase in the near term, but the overall bias will continue to stay positive amid heightened expectations of a US Federal Reserve rate cut in its September policy meeting, analysts said. Traders will closely track US macroeconomic data, such as Q2 GDP, PCE inflation, and speeches from Fed officials, which will provide more insights into the monetary policy stance of the Federal Reserve and the trajectory of the bullion sentiment, they added. "Gold prices may continue to see some consolidation, but the bias is expected to remain positive. The US Federal Chair Jerome Powell's comments have raised expectations of an interest rate cut at the September meeting," said Pranav Mer, Vice President, EBG - Commodity & Currency Research, JM Financial Services. Investors will keep track of geopolitical and trade developments, he added. "Markets will watch closely the Russia-Ukraine peace progress and the implementation of additional tariffs on