Gold prices surge past $5,200 on Wednesday
Gold surged past the $5,200 mark for the first time on Wednesday, extending a strong rally as the US dollar slid to…
Browsing Tag
Jerome Powell
Global stocks slip on Monday
Global markets slipped on Monday as risk aversion gripped investors, even amid ongoing optimism over US rate cuts.…
The Fed’s Rate Cut: A Lesson in Institutional Independence amid Political Discord
On the evening of September 17, 2025, all eyes turned to Washington’s Eccles Building. After weeks of speculation,…
US Federal Reserve cuts interest rate by quarter point
The US Federal Reserve lowered its target range for the federal funds rate by 1/4 per cent to 4 to 4‑1/4 per cent…
The Federal Reserve between Independence and Politicisation: From Johnson to Trump
The establishment of the US Federal Reserve in 1913, in the aftermath of the banking panic of 1907, was intended to…
Asian stocks climb as Powell signals rate cuts
Asian markets rose on Monday following Federal Reserve Chair Jerome Powell's suggestion that the central bank may…
Sterling up as UK businesses log best month in 12m
Sterling edged higher on Thursday after survey data showed British businesses recorded their strongest month in a…
Asia-Pacific stocks edge higher on Thursday
Asia-Pacific markets mostly rose on Thursday as investors analysed Japan's declining exports for the second month…
Powell: Tariffs likely to raise inflation, Fed to hold rates
US Federal Reserve Chair Jerome Powell said on Friday that recent tariff hikes announced by the Trump…
Sterling steady as investors await inflation data
The pound sterling held steady on Wednesday, trading at $1.2443 against the dollar and dipping slightly to 83.37…
Powell: Tariff effects remain uncertain with a wide range of possibilities
US Federal Reserve Chair Jerome Powell said on Wednesday the potential effects of tariffs are highly unpredictable,…
US Fed in no rush to cut rates again – Powell
US Federal Reserve Chair Jerome Powell made it clear that the central bank is in no rush to adjust its monetary…
Fed’s Powell: Too soon to assess impact of Trump’s policies on economy
US Federal Reserve Chairman Jerome Powell stated on Wednesday that it remains too soon to determine how…
US Fed is not ‘looking for a law change’ to own bitcoin
US Federal Reserve Chair Jerome Powell said on Wednesday that the central bank has no plans to add bitcoin to its…
Powell describes Wednesday’s rate cut a ‘closer call’ but ‘right call’
US Federal Reserve Chair Jerome Powell described Wednesday’s decision to cut interest rates as a “closer call,”…
Sterling hits 2.5-year high against euro
The pound sterling reached its highest level against the euro in over two and a half years on Tuesday, bolstered by…
Trump says he won’t replace Fed Chair Powell
US President-elect Donald Trump stated in an interview aired Sunday that he does not intend to replace Federal…
Sterling drops against euro, dollar on Monday
Sterling fell 0.2 per cent to $1.3090 on Monday, continuing its decline after last week's significant drop, the…
Rate cut is a ‘recalibration’ of US Fed policy – Powell
US Federal Reserve Chair Jerome Powell described the latest rate cut as a “recalibration” of the central bank’s…
Sterling gains on Monday as UK inflation data looms
The pound sterling strengthened against the dollar on Monday, rising 0.5 per cent to $1.3190, following a slight…
Bitcoin peaks at $65,000 on Monday
Bitcoin reached $65,000 for the first time in three weeks on Monday, driven by renewed interest in US Bitcoin…
URGENT: Most Fed officials leaning towards rate cut in Sept – minutes
US Federal Reserve policymakers are leaning towards reducing interest rates at their next meeting in September,…
Asian shares slip as investors eye Fed policy
Asian stocks took a breather after a stellar run on Wednesday as investors awaited key US economic data and…
Sterling hits 1-m high as dollar weakens
The pound sterling reached a one-month high against the dollar on Monday, buoyed by expectations of US interest…
London stocks low at week opening
London’s stock market kicked off the week with a subdued performance.
URGENT: Powell hints at potential Sept. cut
Federal Reserve Chair Jerome Powell suggested that a rate cut could be possible as early as September if the…
Asian stocks near 2-yr highs on rate cut bets
Asian stocks are near two-year highs on Wednesday due to expectations of US rate cuts.
European stocks drop ahead of Powell’s Fed testimony
European shares faced declines on Tuesday ahead of Federal Reserve Chair Jerome Powell's anticipated testimony,…
Asian stocks edge up on rate cut hopes, euro stumbles
Asian stocks inched higher Monday as investors grew more confident about a potential US interest rate cut in…
Sterling gains on weak dollar, UK services growth
The pound strengthened on Wednesday, capitalising on a weakening dollar and a UK services sector report indicating…
US Fed officials expect higher inflation this year
US Federal Reserve officials are expecting a higher inflation rate this year, 2.6 per cent measured by the Personal…
FTSE 100 soars to record peak
Britain’s FTSE 100 reached a record high on Wednesday, led by Experian’s optimistic annual revenue forecast,…
URGENT: US Fed leaves rates unchanged
The Federal Reserve decided to leave the interest rates unchanged at 5.25-5.50 per cent on Wednesday.
Gulf stock markets surge in early trade on rate cut bets
Gulf stock markets rose on Thursday on optimism about potential US interest rate cuts, despite uncertainty about…
Asian shares up on Thursday amid US rate cuts expectations
Asian shares rose on Thursday as investors anticipated potential US rate cuts.
Gold prices retreat over Middle East tensions
Gold prices eased on Wednesday after reaching another record high due to escalating tensions in the Middle East and…
Wall Street banks warn of potential sell-off in Japan’s stocks
Japanese top-performing stocks are facing a potential sell-off due to overcrowded long positions in liquid and…
Japanese stocks edge up on Wednesday
Japanese stocks rose on Wednesday as the yen weakened to its lowest level since 1990, while Chinese markets…
Asian shares slip amid Fed’s mixed messages
Asian equities faced challenges on Tuesday due to conflicting messages from US monetary policymakers and…
H. Kong holds base rate unchanged at 5.75%
The Hong Kong Monetary Authority (HKMA) kept its base rate at 5.75 per cent in line with the US Federal Reserve's…