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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...

No respite in US Fed’s interest rate hike

04 Nov 2022

On Wednesday, the United States Federal Reserve raised the interest rate by 0.75 per centage points following similar steep hikes earlier. Fed Reserve chairman Jerome Powell did not say whether...

Indian rupee hits record low on Fed's hawkish tone

07 Oct 2022

The Indian rupee weakened past 82 per dollar to hit a record low on Friday after a chorus of US Federal Reserve officials reiterated the need for higher interest...

US Federal Reserve set to ease its interest-rate hiking plans

04 Oct 2022

Global stocks rallied on Tuesday and the dollar dipped as weak US data sparked hopes the Federal Reserve could ease its interest-rate hiking plans. Frankfurt and Paris equities soared more...

Bank of England hikes rates but avoids more aggressive measures

22 Sep 2022

Britain’s central bank raised its key interest rate by another half-percentage point on Thursday, avoiding more aggressive steps to tame inflation that the US Federal Reserve and other banks have...

US household wealth falls by a record $6.1 trillion in 2nd quarter

10 Sep 2022

US household wealth fell by a record $6.1 trillion in the second quarter to its lowest in a year as a bear market in stocks far outweighed further gains in...

US dollar gains as investors brace for higher rates

29 Aug 2022

The US dollar extended its rally on Monday, hitting a five-week high on the yen after US Federal Reserve Chair Jerome Powell signalled interest rates would be kept higher for...

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