Tag Archives: powell

The U.S. economy is still dealing with the aftermath of the COVID-19 pandemic, Federal Reserve chair Jerome Powell said during a meeting with community and business leaders in York, Pennsylvania.“We are still coming through the other side of the pandemic,” Powell said, noting labour shortages in healthcare, ongoing difficulties with …

The US dollar continues to rise since the beginning of daily trading on Thursday, benefiting from the Fed’s statement and the statements of its Chairman, Jerome Powell, which are in favor of further raising interest rates, even for once, before the end of this year.The dollar index, which measures the …

the US central bank’s policy statement, following FOMC meeting in September, adopts obvious hawkish language. The Fed said that the economic activity continued to expand at a solid pace and noted that job gains have slowed but remain strong. Moreover, the US central bank reiterated inflation remains elevated and that …

The US Dollar modestly declined but remained above 105.00 on a calm week start. It marked the first daily loss after nine consecutive days of gains. This correction has taken place during quiet trading circumstances as markets await key central bank meetings. On Wall Street, stocks opened the week with …

The yen fell on Tuesday after achieving its largest single-day rise since mid-July on Monday after the Governor of the Bank of Japan indicated a possible end to the negative interest rate policy, which was widely echoed in all markets. Meanwhile, the dollar recovered some of its losses after recording …

The Japanese yen jumped Monday, September 11, after comments by Bank of Japan Governor Kazuo Ueda raised hopes that the country may soon enter a new era away from negative interest rates, while the dollar fell ahead of US inflation data scheduled for release this week. The Japanese currency rose …

A sharp rise in the dollar pushed the yen to a 10-month low on Thursday and kept the euro and sterling near three-month lows as investors put their full faith in the still-strong US economy despite the bleak global growth outlook. The dollar rose to a new peak at 147.875 …

The dollar fell in cautious trading on Monday, as investors evaluated US jobs data, which included signs of a slowdown, reinforcing expectations that the Federal Reserve has likely reached the end of its monetary tightening cycle. The dollar index, which measures the US currency against a basket of currencies, fell …

The dollar is set to end a six-week winning streak against major currencies on Friday, with the approaching release of an important monthly report on jobs in the United States that is likely to determine the course of the Federal Reserve’s policy in the coming months. The dollar fell to …

The euro held at a 15-year high against the yen on Thursday thanks to signs of continued inflation in Europe, while the dollar came under pressure ahead of consumption, inflation and jobs data that may provide new evidence of slowing economic growth. Data on Wednesday showed that the annual inflation …