Tag Archives: FED

US companies Cisco Systems and Nike told Reuters on Thursday that they will exit the Russian market entirely, as the pace of Western companies’ exit from Russia accelerates after its invasion of Ukraine in February. Cisco, the maker of telecom equipment, said it was ending its business in Russia and …

Gold prices stabilized on Friday, but they are heading to record the second weekly decline in a row, as the demand for the yellow metal was affected by fears that the major central banks might raise interest rates significantly to confront hyperinflation. And gold rose in immediate transactions 0.1 percent …

On Friday, oil prices moved in a narrow range after briefly rising around $1 a barrel, as the market weighed fears of slowing demand due to lower economic activity in the United States and uncertainty surrounding supplies. Brent crude futures fell five cents, or 0.1 percent, to $110 a barrel …

The Federal Reserve Board on Thursday released the results of its annual bank stress test showing that banks continue to have strong capital levels, allowing them to continue lending to households and businesses during a severe recession.All banks tested remained above their minimum capital requirements, despite total projected losses of …

Fed Governor Michelle Bowman said on Thursday another 75 basis points (bps) rate increase in July and at least 50 bps of hikes at the next few meetings would be appropriate. The US Dollar Index showed no immediate reaction to these comments and was last seen posting small daily gains …

For the second day, FOMC Chair Jerome Powell is testifying before the House Financial Services Committee on “Monetary Policy and the State of the Economy”. The US Dollar Index edged higher after these comments and was last seen rising 0.2% on the day at 104.38.Key Remarks“Our tools affect inflation, not …

Oil prices rose on Thursday after falling earlier as investors assessed the risks of a recession and how demand for fuel will be affected by higher interest rates and tight supplies. Brent crude futures rose 38 cents, or 0.3 percent, to $112.12 by 1204 GMT, after falling to $108.04 earlier …

Oil prices continued to decline on Thursday, dropping more than 2 percent as investors reassessed the risk of recession and fuel demand, as major economies raised interest rates. US West Texas Intermediate crude futures fell $2.6, or 2.7 percent, to $103.46 a barrel by 0330 GMT. Brent crude futures fell …

Gold advanced at the beginning of the day but once again met sellers around the $1,850 area and finished the day at around $1,838 a troy ounce. Crude oil prices remained at the lower end of their weekly range, with WTI settling at $105.50 a barrel.The US dollar finished lower …

An early look at the state of the U.S. job market in June from payroll provider UKG suggests some strengthening, even as the Federal Reserve lifts interest rates sharply and economists raise alarms over the likelihood of a recession,” said Reuters late Wednesday.The news fails to gain any major reaction …