Tag: Federal Reserve
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Fed chairman suggests further US rate cut
Federal Reserve Chair Jerome Powell on Monday signaled the likelihood of further monetary policy easing, saying recent data suggest little change in inflation and employment conditions since the central bank’s last rate cut in September.
Wall Street end at new highs as indicators suggest Fed rate cut
U.S. stocks closed at record highs Tuesday as investors looked ahead to key inflation reports that could shape the Federal Reserve's next policy move.
Gold soars amid uncertainty, rate cut hopes
A fresh bout of uncertainty and mounting anticipation of a Federal Reserve interest rate cut added glitter to gold, pushing it to a record high on Tuesday.
Fed chair Powell hints at September rate cut
Federal Reserve Chair Jerome Powell signaled Friday that the U.S. central bank may cut interest rates at its next policy meeting in September, citing growing risks to the labor market and ongoing inflation pressures.
Wall Street slips ahead of Fed Chair Powell speech
Major U.S. markets closed lower Thursday as investors awaited Federal Reserve Chairman Jerome Powell’s speech at the Jackson Hole Economic Policy Symposium—an elite annual gathering of global central bankers that often sets the tone for global interest rate direction.
