Page 57 - Us Federal Reserve

Markets update: Asian stocks follow Wall St lower on Fed hints at rate hike

Asian stock markets followed Wall Street lower Thursday after the Federal Reserve indicated it might ease off economic stimulus earlier than previously thought. Tokyo, Hong Kong and Seoul fell while Shanghai gained after Fed policymakers, who previously forecast no interest rate hikes before 2024, estimated their benchmark rate would be raised twice by late 2023. The Fed also indicated it sees the US economy improving faster than expected. On Wall Street, the benchmark S&P 500 index fell 0.5 per cent on Wednesday after Fed projections showed some of its board members expect short-term interest rates to rise by half a percentage point by late 2023. Ultra-low rates from the Fed and other central banks have propelled a global stock market rebound from last year's plunge amid the coronavirus pandemic. The Fed may have delivered a more hawkish message for markets than many would have expected, Yeap Jun Rong of IG said in a report. Still, Yeap said, differing views among board members ..

Gold stages slight rebound on bargain hunting after Fed's hawkish tone

Spot gold was up 0.6% at $1,822.36 per ounce, as of 0235 GMT

Gold slides over 1% after Federal Reserve projects rate hikes into 2023

The central bank however held its benchmark short-term interest rate near zero and said it will continue to buy $120 billion in bonds each month to fuel the economic recovery

US Fed holds rates at zero, projects two hikes by the end of 2023

"Progress on vaccinations has reduced the spread of Covid-19 in the United States," the Federal Open Market Committee said in a statement released Wednesday

Fed officials expected to signal start of monetary policy shift debate

Federal Reserve officials on June 16 are expected to at least flag the pending start of talks about when and how to exit from the crisis-era policies

Asian shares mixed in quiet trading ahead of US Federal Reserve decision

Asian shares were mixed in quiet trading Wednesday ahead of a US Federal Reserve meeting that may give clues on what lies ahead with its massive support for markets. Japan released data that showed its trade surplus jumped 49.6 per cent in May from the previous year, but analysts said that was less than expected and highlights how the world's third largest economy and its exports may be only slowly recovering from the pandemic. Investors are also watching data out of China on industrial production and retail sales for indications about the health of the regional economy. Japan's Nikkei 225 slipped nearly 0.3 per cent in early trading to 29,359.31. South Korea's Kospi rose 0.4 per cent to 3,272.11. Australia's S&P/ASX 200 gained 0.3 per cent to 7,403.40. Hong Kong's Hang Seng inched down 0.1 per cent to 28,603.84, while the Shanghai Composite was little changed, inching up less than 0.1 per cent to 3,557.48. Asian markets are quiet ahead of the Fed, said Robert Carnell, regional ...

Asian central banks build dollar war chests, prep for US Fed policy

India has built up foreign exchange reserves worth more than $600 billion, as its central bank cushions economy against any sudden outflows.

Gold holds near 4-week low with focus on key Federal Reserve meeting

The yield on 10-year Treasuries eased slightly on Monday, following a two-day gain from the lowest since March that damped the appeal of the non-interest-bearing precious metal

Markets near record highs as Fed kicks off two-day policy meeting

Traders around the world are looking for any hints about whether and when the Fed plans to taper its bond-buying programme as the U.S. economy bounces back from the pandemic fallout.

Shares in record-setting spree as US Federal Reserve meeting looms

The two-day Fed meeting starts on Tuesday, with a final statement published after the meeting closes on Wednesday.

Gold prices edge higher on dollar retreat; focus on US Fed meeting

US gold futures gained 0.2% to $1,869.

What investors are watching from the Fed: taper talk and inflation

The Fed is keen to minimize the possibility of a market disruption when it begins to reduce its $120 billion per month government bond

Dollar hovers near one-month high with market frozen before Fed test

The U.S. currency has been buoyed as traders closed short positions before the Fed's two-day policy-setting confab, which kicks off on Tuesday

Gold prices drop 1% on dollar strength as US Fed meeting looms

Spot gold was down 0.9% at $1,860.44 per ounce, as of 0654 GMT

Gold prices at 1-1/2-week low on dollar strength as Fed meeting looms

Spot gold was down 0.6% at $1,864.58 per ounce, as of 0311 GMT, its lowest since June 4

World stocks near record high as investors await dovish Fed Reserve act

Japan's Nikkei rose 0.35% while MSCI's broadest index of Asia-Pacific shares outside Japan was down 0.1%

Oil holds near multi-year highs amid demand recovery ahead of Fed meeting

Oil prices held near multi-year highs on Monday, underpinned by an improved outlook for demand as increased Covid-19 vaccinations help lift travel curbs

Dollar little changed as traders seek direction from Fed Reserve meeting

The yen was at 109.715, after weakening to 109.840 on Friday for the first time since June 4

1947, 1970s, 2008: Inflation experts look back into history for lessons

Central bankers know how to raise benchmark interest rates, but they have less experience in calibrating the exit from quantitative easing.

Inflation fails to shake US mkts out of torpor, with Fed in driver's seat

Fed officials have repeatedly tamped down fears of inflation running persistently higher than its 2% target