Page 9 - Federal Reserve

World stocks hit five-week low, yields soar on Fed rate hike outlook

European Central Bank officials said on Thursday that the central bank might start hiking euro zone rates as early as July

Euro drops after ECB's mixed comments; dollar hits fresh 25-month high

ECB President Christine Lagarde struck a dovish tone by saying the central bank might need to cut its growth outlook

Dollar stands tall as US Federal Reserve eyes 50-basis-point hike

Federal Reserve Chairman Jerome Powell said on Thursday a 50-basis-point hike was on the table at its next meeting in May

US Dollar steadies after hitting fresh 20-year high on yen

The dollar's gains have been most striking against the yen, climbing to its highest level of 128.32 yen against the Japanese currency since May 2002

US dollar touches fresh two-year high on steep Fed rate hike view

The benchmark U.S. 10-year Treasury yield, meanwhile, touched a three-year high of 2.884%

US dollar continues to garner support from Fed hike expectations

The US rate futures market has priced in 96% chance of a 50 basis-point hike at next month's Fed policy meeting, and about 215 basis points in cumulative rate increases

Wall Street up, US Treasury surges as investors eye earnings, global growth

Stocks were up in early trading, with the Dow Jones Industrial Average rising 0.22%, the S&P 500 climbing 0.25% and the Nasdaq Composite up 0.23%

Global bond funds see outflows of $14.5 billion in week to April 13

The benchmark 10-year US Treasury yield hit a three-year high last week in the wake of hawkish comments from Fed officials

Biden wants US-made iron and steel for $1-trn project infra

As Biden faces inflation at a 40-year high, he is betting that more domestic production will ultimately reduce price pressures

Joe Biden to nominate Michael Barr for Fed's bank regulation post

The selection of Barr comes after Biden's first choice for the Fed post, Sarah Bloom Raskin, withdrew her nomination a month ago in the face of opposition from Republicans and one Democrat

US dollar climbs to near 20-year peak vs yen as more Fed hikes loom

Against a basket of six major currencies, the dollar climbed to 100.52, the highest since May 2020, but was last little changed at 100.29

US mortgage interest rates top 5%, buyers look to lock in rates

Investors see the Fed bringing its federal funds rate to 2.5%-2.75% by the end of 2022, up from the current target range of between 0.25% and 0.5%

JPMorgan's Q1 profit falls 42% on slowdown in deals, trading

The largest US lender, whose fortunes are often seen as a barometer of the health of the economy, posted a profit of $8.28 bn, or $2.63 per share, in the quarter ended March 31

Global gold prices inch higher as Ukraine conflict lifts safe-haven bids

Spot gold was up 0.2% at $1,970.21 per ounce, as of 0748 GMT, after hitting a near one-month peak of $1,978.21 on Tuesday

Wall Street gains as growth stocks rebound after inflation data

The Dow Jones Industrial Average was up 243.93 points, or 0.71%, at 34,552.01, the S&P 500 was up 48.24 points

CBI refutes reports claiming FBI team in India to probe 'bitcoin scam'

The statement comes after the Congress on Friday asked whether the FBI is in India to investigate an alleged "Bitcoin scam"

Pakistan seeks to skirt crisis with biggest rate hike since 1996

The key rate now stands at 12.25 per cent, State Bank of Pakistan said in a statement on Thursday

Wall Street slips on hawkish Fed; banks, industrials top losers

The Dow Jones Industrial Average was down 217.37 points, or 0.63%, at 34,279.14

Rupee drops 3.5% against dollar in FY22; fares better than global peers

The rupee depreciated 6.27% in the financial year 2013-14 when investors pulled out of emerging markets after the US Fed under Ben Barnanke spoke of possible financial tightening

Federal Reserve balance sheet expands despite a hike in policy rate

This has cushioned the blow, resulting in a mild correction in risk assets like equity, say analysts