Page 32 - Us Federal Reserve

Wall Street mixed amid inflation fears; Powell-Biden talks in focus

Energy outperformed with a 1.1% gain as Brent crude climbed above $120 a barrel

Fed's Christopher Waller backs 50 bps rate hikes at 'several' meetings

US central bankers raised rates by a half point this month to cool the hottest inflation in 40 years and have signaled they'll hike by the same amount again at their meetings in June and July

Dollar value drifts toward monthly loss as Federal Reserve bets ease

Early in the Asia session the dollar was a fraction weaker on the euro at $1.0728, just above a five-week low, having dropped about 1.5% on the common currency last week

US Federal Reserve won't flinch as labour market starts tailing off

US Fed will take the data in stride as it prepares to keep boosting interest rates and wait for a more-sustained cooling in job growth to help moderate wage gains and inflation

Gold prices set for second weekly gain as dollar, US treasury yields slip

Benchmark 10-year note yields were down on the day, after briefly rising on strong spending data, while the dollar was headed for a second consecutive week of declines.

Dollar slides for second week as traders adjust US Fed rate hike views

The dollar index, which measures the safe-haven currency against a basket of six other major currencies, fell as low as 101.43, its weakest since April 25.

Equities rise, yields fall after data shows US inflation may have peaked

Consumer spending, which accounts for more than two-thirds of US economic activity, increased 0.9% last month, and although inflation continued to increase in April, it was less than in recent months

Dollar moves higher but set for biggest weekly drop in four months

"The market's tentative speculation about a pause in the Fed's tightening cycle in September is surely contributing to keeping the dollar soft," ING strategists said

Should central bankers consider pitfalls of making declarative statements?

In recent times, central bankers have stressed the need to be nimble, humble even. Recent mistakes warrant some humility

Gold gains for 5th straight session as dollar, treasury yields retreat

The greenback hit a one-month low, while U.S. 10-year Treasury yields also edged lower as weakness in equities revived safe-haven demand for the debt

Wall Street drops as economic data, weak forecasts re-ignite slowdown fears

Snap set for worst day on record after profit warning; Abercrombie & Fitch slumps after lowering revenue outlook

Stock sell-off to intensify as fresh 10% plunge looms, finds survey

With the S&P 500 flirting with a bear market last week and notching more than $1 trillion in losses, participants in the latest MLIV Pulse survey reckon there's more pain to come

Ben Bernanke assesses the Fed

Bernanke also offers some self-criticisms, including an acknowledgement that he failed to recognise how slowly the economy was emerging from recession after the emergency

Wall Street rises as growth stocks gain after two days of selloff

Energy was the top performer, up 2.2%, followed by healthcare and technology sectors

Use hybrid funds to tide over market volatility, say fund managers

The data from Value Research shows that conservative hybrid funds are down nearly 1.5 per cent; equity savings funds are down 1.9 per cent

At $20 bn, RBI makes highest-ever dollar sales in spot markets in a month

The central bank has been intervening in all segments of the currency market, which has slowed the pace of rupee depreciation.

Won't hesitate to keep hiking rates till inflation tamed: Fed chair

"What we need to see is inflation coming down in a clear and convincing way, and we're going to keep pushing until we see that," Powell said Tuesday during a Wall Street Journal live event

Sebi to set up FPI expert panel soon; single window to address concerns

Experts said the advisory committee will help smoothen the implementation of key policies

The probability of stagflation worries mkts: Valentis Advisors MD Jaipuria

In conversation with Sundar Sethuraman, he says foreign flows may move to some of the under-performing markets within the emerging markets (EMs)

US Senate confirms Jerome Powell to second term as Fed chair amid inflation

Biden in a statement issued following Powell's confirmation said that he is pleased by the Senate's actions and that it will help move forward the administration's agenda to fight inflation