Tag Archives: Jerome Powell

Wall Street surged on Wednesday, propelled by the S&P 500’s largest single-day gain since February. The optimism was ignited by the Federal Reserve’s decision to hold interest rates steady while signaling a potential rate cut as soon as September. Fed Chair Jerome Powell indicated that progress in taming inflation and …

Federal Reserve Chairman Jerome Powell recently explained the decision to leave the policy rate (federal funds rate) unchanged in the range of 5.25% to 5.5%. During the post-meeting press conference, Powell addressed questions and provided insights.Interest Rates and Inflation:• The Fed maintained interest rates at a two-decade high.• The central …

Global financial markets concluded the first trading day of the new week under the sway of mounting geopolitical tensions in the Middle East, which dampened risk appetite. This led to a decline in several risky assets by the end of Monday’s trading session. However, another factor intervened to balance investor …

Following mixed economic data and the stronger US dollar which is in the green territory, up 0.23% and trades in the 104.569 neighborhood, the price of gold is finding it difficult to gain momentum. The dollar increased 0.2% ahead of this week’s pivotal Federal Open Market Committee’s meeting, and on …

Fed Chairman Jerome Powell noted that the US economy has performed remarkably well in recent years while giving a nod of the head to recent inflation readings. The head of the Fed also reaffirmed that the Fed won’t be waiting until inflation reaches the 2% annual target.Key QuotesEconomy performed remarkably …

Gold stands as one of the world’s most favored financial investments, particularly during periods of market volatility such as the present. Its appeal lies in the high level of security it offers investors, coupled with minimal—sometimes even negligible—risk. This safety applies whether one is dealing in physical gold or trading …

Gold prices experienced a minor dip in Asian trading on Friday, but still held strong gains from the previous session, bolstered by softer-than-expected U.S. inflation data that fueled expectations of a September interest rate cut. Gold’s Strong Performance: The yellow metal surpassed the significant $2,400 an ounce level on Thursday, …

Gold prices continued their upward trend in Asian trading on Thursday, buoyed by a weaker dollar and declining Treasury yields as expectations of U.S. interest rate cuts gained momentum. The precious metal also benefited from reports of central banks in emerging markets increasing their gold reserves and dovish comments from …

Federal Reserve Chair Jerome Powell’s recent testimony before the House Financial Services Committee and the Senate Banking Committee was closely watched by investors, economists, and policymakers. As the U.S. economy faces a delicate balancing act between inflation, employment, and financial stability, Powell’s remarks offer critical insights. In this comprehensive article, …

Jerome Powell, Chairman of the US Federal Reserve (Fed), delivers the Semi-Annual Monetary Policy Report and responds to questions before the House Financial Services Committee on the second day of his Congressional testimony. Key Quotes:“We see current Fed policy as restrictive.”“The neutral interest rate must have moved up at least …