Tag Archives: FED

Gold has managed to hold firm despite the resurgence of the US dollar. Gold’s safe-haven appeal is still supporting the price within the familiar daily trading range.The gold price is settling in for the end of the North American session around flat for the day having traveled between a low …

US stocks fell on Thursday, for the third successive day after the Fed delivered another aggressive 75 base point rate hike. The monetary policy decision, originally meant to encounter hot inflation, triggered anew fears that the US economy could fall into a recession.The Dow Jones Industrial Average was last down …

Three major US banks are raising their prime lending rates to the highest levels since the global financial crisis of 2008, following Fed’s interest rate hike.JPMorgan Chase & Co (JPM.N), Citigroup Inc and Wells Fargo & Co (WFC.N) said the new rates, including the latest 75 basis point hike, would …

Oil prices rebounded on Thursday after falling 1% in the previous session, as fears of tight supplies in the winter outweighed fears of a global recession. Brent crude futures rose 15 cents, or 0.2 percent, to $89.98 a barrel by 0657 GMT, offsetting losses in early Asian trade. US West …

The dollar solidified its gains after the Fed triggered volatility and sour market sentiment across the board. As anticipated, the US central bank hiked the benchmark rate by 75 bps to 3.25%, while policymakers maintained their determination to bring inflation down to the 2% target. US Treasury yields soared. The …

FOMC Chairman Jerome Powell comments on the policy outlook after the Federal Reserve’s decision to raise the policy rate by 75 basis points to the range of 3-3.25% following the September policy meeting.Key quotes“Plausible that job openings could come down without as much of increase in unemployment”.“Longer run inflation expectations …

The major US stock averages retreated, reversing earlier gains, after the Fed announced its third consecutive 0.75-percentage-point interest-rate increase. The two- and 10-year U.S. Treasury yields rose to 3.581 up by some +0.17% after the announcement.Following is how the US indexes are performing versus five minutes before the rate policy …

The US Federal Reserve on Wednesday announced that it raised the policy rate, federal funds rate, by 75 bps to the range of 3-3.25%. The Federal Reserve was widely expected to stick to the baseline market expectation and raise rates by 75 basis points and refrain from a bigger move …

The EUR/USD pair dropped further during the American session and bottomed at 0.9865, the lowest level in two weeks, and became just one pip above the YTD low. The pair is trading at 0.9937 at the time of writing.The pair remains near the lows as traders await the FOMC decision. …

US stocks rose on Wednesday as investors await another interest rate hike by the Fed as it fights inflation.The Dow Jones Industrial Average gained 155 points, or 0.51%. The S&P 500 climbed 0.58%, and the Nasdaq Composite added 0.47%.Short-term interest rates were surging in anticipation of the Fed’s next super-sized …