Tag Archives: Janet Yellen

Wall Street is watching for signs of movement in the debt-ceiling impasse, with a meeting between President Joe Biden and House Speaker Kevin McCarthy set for Tuesday afternoon in Washington.US stocks were mixed during midday trading on Tuesday as investors digested fresh economic data and focused on negotiations over the …

Concerns that the federal government could hit its debt ceiling spiked after Treasury Secretary Janet Yellen sent a letter to party leaders in Congress urging them to raise the debt limit before the expected deadline on Thursday.Congress can prevent economic disaster by increasing or suspending the limit, as they have …

Treasury Secretary Janet Yellen said that she did not see signs of a recession in the near term as the US economy rebounded from six months of contraction.Yellen also noted the third quarter GDP data released Thursday underscored the strength of the US economy less than two weeks from the …

Kuwait News Agency (KUNA) said, quoting the CEO of the Kuwait Petroleum Corporation, that Kuwait on Sunday welcomed the decision of OPEC + to cut production by two million barrels per day. Sheikh Nawaf Al-Sabah affirmed Kuwait’s keenness to maintain balance in the oil markets for the benefit of consumers …

The 10-year US Treasury yields travelled above 4% on Friday, while the US dollar index neared 20-year highs after this week’s macro data paving the way for more rate hikes by Fed.In response, gold dropped below the $1,650 an ounce level, with December futures last trading at $1,643.87, down 1.74% …

Gold market is ending the week down nearly $90 from its October highs on renewed concerns regarding the expectations of Fed’s very aggressive stance into end of 2022.The 10-year US Treasury yields traveled above 4% on Friday, while the US dollar index neared 20-year highs after this week’s macro data …

US Treasury Secretary Janet Yellen on Friday took steps back from earlier speculation that G7 nations are pondering a $60 per barrel price cap on Russian oil. Yellen also noted that leader have not taken any decision in this regard as well.Under the G7 plan, Russian crude oil that is …

US Treasury yields fell on Tuesday, paring part of the substantial gains made in the previous session, as investors assessed the possibility of the Federal Reserve taking a more aggressive step in its fight to bring down inflation. The annual pace of inflation in the US rose to 8.6% in …

WTI crude, futures on NYMEX, holds above $119.00 and faces a minor time correction after a vertical upside move. The black gold is holding its gains despite the renewed fears of a lockdown in China to contain the spread of the Covid-19. The Chinese economy was recovering from lockdown measures …

US government bond yields rose to 3.03% from 2.98% on Jun 8 on inflationary pressures-linked concerns ahead of the awaited CPI data. Earlier, this week, Treasury Secretary Janet Yellen acknowledged that the United States is currently facing “unacceptable levels of inflation.”To contain it, the Federal Reserve has enacted 75 bps …