Federal Reserve

Last Updated: June 29, 2023, 03:46 ISTNew York, United States of America (USA)Apple has yet to end a trading session with a stock market value above $3 trillion. The iPhone maker’s stock rose 0.6% to end the day at $189.25, putting Apple’s…

WASHINGTON: US Federal Reserve Chair Jerome Powell said on Wednesday (Jun 28) that the central bank is leaving open the possibility of consecutive interest rate hikes in the months ahead, to cool the economy further. The Fed recently…

U.S. stocks advanced in a broad rally on Tuesday, and the dollar softened as robust economic data eased recession fears and stoked investors’ risk appetite.All three major U.S. stock indexes closed well into positive territory, with…

The number of people filing for state unemployment benefits for the first time held steady at a 20-month high last week, remaining elevated for a third straight week in what may be an early indication of a softening labor marketin the face…

WASHINGTON: A senior US Federal Reserve official said on Thursday (Jun 22) that additional interest rate hikes are needed to tackle historically high inflation. "I believe that additional policy rate increases will be necessary to bring…

WASHINGTON: Federal Reserve Chair Jerome Powell said Wednesday (Jun 21) that additional US interest rate hikes will likely be needed to tame high inflation, ahead of two days of testimony on Capitol Hill. Powell's appearances before the…

Last Updated: June 15, 2023, 00:16 ISTWashington D.C., United States of America (USA)Federal Reserve Board Chair Jerome Powell speaks during a news conference at the Federal Reserve, Wednesday, March 22, 2023, in Washington. (AP File…

Last Updated: June 15, 2023, 00:27 ISTWashington D.C., United States of America (USA)Near 1825 GMT, the Dow Jones Industrial Average fell 1.3 percent, while the Nasdaq lost 0.8 percent.The US central bank, as expected, opted to hold its…

Last Updated: June 17, 2023, 00:33 ISTLondon, United Kingdom (UK)On Wall Street, the Dow Jones Industrial Average rose 74.92 points, or 0.22%, to 34,482.98, the S&P 500 gained 11.92 points, or 0.27%, to 4,437.76 and the Nasdaq Composite…

Last Updated: June 17, 2023, 00:37 ISTNew York, United States of America (USA)Aside from Gold, Silver gained 1% to $24.10 per ounce, while platinum fell 0.3% to $982.62, both down for the week. (Reuters File Photo)Spot gold edged up 0.1% to…