So far in 2022, the Fed has hiked rates by a total of 375 bps, leading to a stronger dollar and diminishing the appeal of emerging market assets
The Fed Chair did acknowledge, like other policymakers, that the central bank had a long way to go to achieve price stability
Powell's comments at the Brookings Institution in Washington sent Wall Street equities soaring, while the U.S. dollar and Treasury yields fell
The Federal Reserve could scale back the pace of its interest rate hikes "as soon as December," Fed Chair Jerome Powell said
Elon Musk on Wednesday said the US Federal Reserve needs to immediately cut interest rates as a severe recession is looming, ahead of the speech by Fed Chair Jerome Powell at a US event on the outlook
The greenback had extended gains after St. Louis Fed President James Bullard said overnight that the Fed needs to raise interest rates quite a bit further
Primary market momentum seen sustaining in an otherwise 'lacklustre' month
Says domestic demand recovery will support growth
After underperforming for 2 yrs, silver has risen in line with benchmark indices but one should limit exposure to it to 5-10 per cent of portfolio
The dollar was struggling to make headway after thin trading on Thursday due to the U.S. Thanksgiving holiday
The 10-year Treasury yield dipped to 3.659%, the lowest since Oct. 5 in Tokyo trading, after Thursday's US Thanksgiving holiday; the two-year yield slipped to a one-week bottom at 4.44%
Spot gold gained 0.2% to $1,758.41 per ounce by 0223 GMT, and was up 0.5% so far this week. U.S. gold futures rose 0.7% to $1,758.30
The dollar stood close to a three-month low and was on track for a weekly loss on Friday, as the prospect of the Federal Reserve slowing monetary policy tightening
US Fed minutes indicate slower pace of rate hikes, investors cheer
Global stock markets jumped on Thursday after minutes of the US Federal Reserve's November policy meeting hinted at a possible moderation in the pace of interest rate hikes
Lower rates tend to lift the appeal for bullion in comparison with other interest-bearing assets
The US dollar was broadly weaker on Thursday as investors, encouraged prospect of a slower pace of interest rate hikes from the federal reserve, placed bets on riskier assets
Federal Reserve officials at their last meeting saw very few signs that inflation pressures were abating before raising their benchmark interest rate by a substantial three-quarters of a point for a fourth straight time. Rising wages, the result of a strong job market, combined with weak productivity growth, were inconsistent" with the Fed's ability to meet its 2% target for annual inflation, the policymakers concluded, according to the minutes of their Nov. 1-2 meeting released Wednesday. At that meeting, the Fed officials also expressed uncertainty about how long it might take for their rate hikes to slow the economy enough to tame inflation. Still, some of the policymakers expressed hope that falling commodity prices and the unsnarling of supply chain bottlenecks should contribute to lower inflation in the medium term.'' There were widespread expectations that ongoing rate increases would be essential'' to keep Americans from expecting inflation to continue indefinitely, the ...
The Fed on Wednesday will release the minutes from its most recent meeting
Among the lot, US equities still have a lot of room to catch up as the US Federal Reserve (US Fed) slows its pace of rate hikes, analysts say