The Dow Jones Industrial Average rose Thursday following a dismal day for the major averages after the Federal Reserve held steady on rates but signaled that a March cut is unlikely.The 30-stock Dow added market index climbed 211 points, or 0.5%, while S&P 500 added 0.7%. The Nasdaq Composite gained …

On Thursday, the EUR/GBP jumped to 0.8545, up 0.25%. The pair’s daily chart shows a neutral to negative outlook, with bulls striving to restore control and create momentum. Buyers gained pace after the Eurozone’s strong inflation numbers, but the Bank of England’s hawkish stance may limit the gains. The EUR/GBP …

The US Dollar pops up on the back of Fed rate pause. Traders see the Greenback fade to flat as dust settles over the Fed meeting. The US Dollar Index has 104 in reach if it is able to advance this Thursday. The dollar is falling back to being nearly …

On Thursday, Shell recorded Q4 profit of $474 million. The London-based corporation reported a per-share profit of 14 cents. Adjusted for nonrecurring charges, earnings per share were $2.22. The results exceeded Wall Street’s expectations. Average forecast was for earnings of $1.94 per share.The oil and gas company generated $80.13 billion …

US treasuries rallied on Wednesday, owing to slower-than-expected hiring and a surprising loss from New York Community Bancorp, heightening concerns about the sustainability of US regional lenders. New York Community Bancorp wrote down poor bad estate loans, dropping its shares 36% and pushing down regional bank share values across the …

US stocks experienced a decline on the last trading day in January, as the Federal Reserve held interest rates steady and drew hopes for an interest rate cut as soon as March. The three major US stock indexes were already weighed down by weakness in tech and tech-adjacent megacap stocks …

Fed Chair Jerome Powell has signaled potential rate cuts based on economic progress, stating that there is no rush to change existing monetary policy. The Gold Index has reacted to Powell’s rejection of bets on a March rate cut and emphasis on a cautious approach to managing inflation. Gold prices …

Fed Chairman Jerome Powell quickly summed up where the central bank stands. “We believe our policy rate is likely at its peak for this tightening cycle and that, if the economy evolves broadly as expected, it will likely be appropriate to begin dialing back policy restraint at some point this …

Fed Chair Jerome Powell explains the decision to leave the policy rate, federal funds rate, unchanged at the range of 5.25-5.5% and responds to questions in the post-meeting press conference. Investors, meanwhile have found clues that monetary policy tightening is over. On the daily chart, after FOMC decision, the US …

At the end of its first meeting in 2024, the Federal Open Market Committee chose to keep interest rates unchanged, as was broadly expected.Investors and market watchers are now focusing on Fed Chair Jerome Powell’s speech and signals about the future path of US monetary policy. Powell will speak at …