Page 31 - Us Federal Reserve
Gold eases as dollar resumes rally in run up to Fed rate hike decision
Spot gold fell 0.4% to $1,811.80 per ounce by 12:33 p.m. EDT (1633 GMT), while U.S. gold futures slipped 1% to $1,813.40.
 "Gold eases as dollar resumes rally in run up to Fed rate hike decision")
Gold ticks up as dollar rally pauses, Fed rate hike bets curb gains
Spot gold rose 0.3% to $1,823.49 per ounce by 0932 GMT, after falling to its lowest since May 19 at $1,810.90 earlier in the session.
US equities tumble, S&P 500 confirms bear market as recession worry grows
US equities tumbled on Monday, with the S&P 500 confirming it is in a bear market, as fears grow that the expected aggressive Fed rate hikes would push the economy into a recession
 "US equities tumble, S&P 500 confirms bear market as recession worry grows")
'RBI much ahead in containing inflation but rate hike possible in Aug, Oct'
Core CPI also moderated in May to 6.09 per cent compared to 6.97 per cent in April, as per the SBI's research report 'Ecowrap'.
 "'RBI much ahead in containing inflation but rate hike possible in Aug, Oct'")
Wall St poised to clinch bear market as S&P 500 tumbles over 20% in 2022
It would be the first time the S&P 500 has confirmed a bear market since the 2020 Wall Street plunge brought on by the Covid pandemic
 "Wall St poised to clinch bear market as S&P 500 tumbles over 20% in 2022")
Wall Street ends down sharply as inflation data intensifies investor fears
The Dow Jones Industrial Average fell 882.47 points, or 2.73%, to 31,395.72
 "Wall Street ends down sharply as inflation data intensifies investor fears")
US inflation surges to 41-yr high of 8.6%; stocks fall sharply, crude dives
The faster-than-expected increase in inflation last month reported by the Labor Department on Friday also reflected a surge in rents, which increased by the most since 1990
 "US inflation surges to 41-yr high of 8.6%; stocks fall sharply, crude dives")
Wall Street slips as growth stocks struggle amid rising bond yields
Tesla gains on surge in China sales, UBS upgrade; 10-year Treasury yield up at 3.04%; Brent above $123 a barrel
Gold subdued as US Treasury yields stay firm; ECB, Fed verdict in focus
Spot gold was down 0.3% at $1,847.90 per ounce as of 0956 GMT and US gold futures had declined 0.3% to $1,850.50.
Gold prices in check as major central banks rev up policy tightening
The Federal Reserve is on track for half-point interest rate increases in June and July, and last week's solid jobs report boosted expectations of continued tightening by the US central bank.
 "Gold prices in check as major central banks rev up policy tightening")
Gold firms below recent highs as rate-hike by world central banks weigh
Spot gold was up 0.1% at $1,851.98 per ounce, as of 0752 GMT, while US gold futures rose 0.2% to $1,854.60.
Global stocks, dollar firm ahead of rate meetings, crude hits $120
The European Central Bank meets on Thursday, though it is not expected to begin raising interest rates until July, with rate setters at the US Federal Reserve and Bank of England gathering next week
 "Global stocks, dollar firm ahead of rate meetings, crude hits $120")
US recession imminent and inevitable? Not if the Fed can thread the needle
"I still think we're going to navigate through without a recession. But obviously it's going to be very, very tight because risks are very high," Moody's Mark Zandi said
 "US recession imminent and inevitable? Not if the Fed can thread the needle")
Govt plans to offload some of interest cost on aid given to partner nations
The central government plans to tweak letters-of-credit rule
 "Govt plans to offload some of interest cost on aid given to partner nations")
Federal Reserve to shrink $8.9-trillion portfolio in war on inflation
President Biden meets Fed chair Powell, reiterates full support to rein in prices while simultaneously shifting the responsibility
 "Federal Reserve to shrink $8.9-trillion portfolio in war on inflation")
Was 'wrong' about inflation path, says Yellen; Biden backs Fed's actions
US Treasury Secretary Janet Yellen said that she was wrong in the past about the path inflation would take, but said taming price hikes is President Joe Biden's top priority
 "Was 'wrong' about inflation path, says Yellen; Biden backs Fed's actions")
Let's get US interest rates to 2.5% as quickly as we can: Fed's Daly
The central bank is under pressure to begin to decisively curb overly high inflation, which is running at more than three times its 2% goal
 "Let's get US interest rates to 2.5% as quickly as we can: Fed's Daly")
Gold, silver prices slip to two-week low as US yields, dollar rise
A stronger dollar makes bullion more expensive for buyers holding other currencies, while gains in benchmark US 10-year Treasury yields reduce the appeal of zero-yield gold.
Will back Fed on inflation by cutting on demand: US President Joe Biden
Biden said his "predecessor demeaned the Fed, and past presidents have sought to influence its decisions inappropriately during periods of inflation. I won't do this
 "Will back Fed on inflation by cutting on demand: US President Joe Biden")
Wall Street analysts think any stock market rally will be short-lived
An analyst thinks earnings estimates remain too high and sees the S&P 500 trading close to 3,400 by the end of the second-quarter earnings season in mid-August
