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US Fed leaves open possibility of further rate increases

27 Aug 2023

Federal Reserve Chair Jerome Powell on Friday did little to dissuade markets from the “higher for longer” mantra for rates that has driven up Treasury yields in recent weeks, leaving...

Declining dollar a boon to risk assets

16 Jul 2023

Cooling US inflation is accelerating a decline in the dollar, and risk assets around the world stand to benefit. The dollar is down nearly 13% against a basket of currencies...

US central bankers should stop raising rates, says Patrick Harker

03 Jun 2023

US central bankers should not raise interest rates at their next meeting, Philadelphia Federal Reserve (Fed) President Patrick Harker said on Thursday, even though high inflation is coming down at...

US Fed causes a flutter in the market

04 May 2023

The US Federal Reserve’s decision on Wednesday to increase the interest rate by 25 basis points, from 5 to 5.25 per cent has sent a flutter across the banking business...

Stock markets wobble at end of uncertain week

21 Apr 2023

European and US stock markets wobbled on Friday as dealers digested mixed data and looked forward to more corporate earnings reports. The dollar rose against the pound and yen as...

UAE Central Bank hikes interest rates by 25 basis points after Fed decision

23 Mar 2023

The Central Bank of the UAE (CBUAE) has decided to raise the base rate applicable to the Overnight Deposit Facility (ODF) by 25 basis points - from 4.65 per cent...

Fed may need to raise interest rates faster, says Jerome Powell

08 Mar 2023

The Federal Reserve (Fed) may need to raise interest rates more than expected in response to recent strong data and is prepared to move in larger steps if the “totality”...

More Fed policymakers point to higher rates in inflation fight

18 Feb 2023

Two Federal Reserve officials on Friday added to a chorus of US central bankers this week in signaling that interest rates will need to go higher in order to successfully...

Global stock market stall as firm US Federal Reserve reins in China rally

05 Jan 2023

Wall Street was set to tap the brakes on Thursday as upbeat jobs data after a firm message from the Fed that it won’t be cutting interest rates any time...

Gold set for 2nd straight yearly drop

30 Dec 2022

Gold prices firmed on Friday, but were headed for a second consecutive yearly loss as aggressive rate hikes by the US Federal Reserve dented the non-yielding bullion’s appeal. Spot gold...

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