The Federal Reserve will continue to wait and see how the economy evolves before deciding whether to reduce its key interest rate, Chair Jerome Powell said on Tuesday, a stance directly at odds with President Donald Trump‘s calls for immediate cuts. “For the time being, we are well positioned to wait to learn more about … Read more
Asian equities dipped on Thursday after Federal Reserve Chair Jerome Powell said he expected inflation to pickup meaningfully in the coming months. MSCI’s regional gauge of shares was down 0.3%, as markets in Japan and Australia opened lower. US equity futures fell about 0.3% after the S&P 500 Index closed steady in the previous session. … Read more
The dollar slid on Thursday on further signs that U.S. President Donald Trump may adopt a softer stance in tariff negotiations and heightened expectations of Federal Reserve rate cuts. Trump said on Wednesday he would be willing to extend a July 8 deadline for completing trade talks with countries before higher U.S. tariffs are imposed. … Read more
Gold traded rangebound on Monday amid a lack of triggers from international markets. The August MCX gold contracts moved within a 650-point range while slipping into the red. The weakness could be attributed to easing US–China trade tensions, while a higher-than-expected U.S. jobs report dampened expectations of interest rate cuts by the Federal Reserve. Lower … Read more
New York: Stanley Fischer, a professor and practitioner of macroeconomics who helped guide central banks in two countries, Israel and the US, and mentored a younger generation of economic decision-makers, has died. He was 81. He died on Saturday, the Bank of Israel said in a statement, expressing condolences. Fischer, known as Stan, served as … Read more
The dollar was on track for a weekly gain against major currencies, including the Swiss franc, yen and euro on Friday, after a U.S.-UK trade deal increased optimism about upcoming U.S.-China talks. Financial markets headed into the weekend with the focus squarely on trade negotiations between Washington and Beijing due to begin on Saturday in … Read more
Gold rose over 1% on Friday as the dollar ticked lower, while the market digested comments on tariffs from U.S. President Donald Trump ahead of a weekend meeting between the U.S. and China. Spot gold was up 1.1% at $3,340.29 an ounce at 1346 ET (17:46 GMT) and has gained 3.1% so far this week. … Read more
U.S. stocks ended the week on a quiet note on Friday after oscillating between slight gains and declines, as investors gauged President Donald Trump’s comments on Chinese tariffs ahead of weekend trade talks between the two countries. Wall Street‘s main indexes finished slightly lower for the week. Trump said Beijing should open its market to … Read more
The Federal Reserve will likely keep its key short-term interest rate unchanged on Wednesday, despite weeks of harsh criticism and demands from President Donald Trump that the Fed reduce borrowing costs. After causing a sharp drop in financial markets two weeks ago by saying he could fire Fed Chair Jerome Powell, Trump subsequently backed off … Read more
The dollar was struggling to hold its ground on Monday even as concerns about a U.S. recession eased just a little, while investors awaited actual evidence of a thaw in Sino-U.S. trade relations, as opposed to just hints from officials. The solid March payrolls report had offered the dollar support by lengthening the odds on … Read more