Jerome Powell

A rally in big tech fizzled out as bond yields rose, with traders wading through remarks from a slew of Federal Reserve officials and awaiting Jerome Powell’s speech on Friday for clues on the outlook for interest rates.…

Google, Microsoft and Facebook parent Metaannounced their quarterly results recently. And all of them are back in black, with the worst seem to be behind them. The shares of these companies too have bounced back. It's no different for many…

Tech firms in the US are talking less about recession and more about artificial intelligence this earnings season, signaling that companies are increasingly optimistic about a soft economic landing. With nearly half of the Nasdaq 100 firms…

Representational image only. | Photo Credit: The Hindu The Rupee gained 10 paise to 81.91 against the U.S. dollar in early trade on July 27 tracking the weakness of the American currency in the overseas market, after the U.S. Federal…

NEW YORK: Wall Street stocks shrugged off the latest Federal Reserve interest rate hike on Wednesday, finishing little-changed after a choppy session.The Dow Jones Industrial Average ended 0.2 percent higher at 35,520.12.The broad-based…

Though the Fed officials were encouraged by a slide in price pressures in June, but they’re don’t want to pronounce an end to their battle to rein in inflation that has repeatedly surprised them with its persistence.…

NEW YORK: Wall Street returned to its highest level in more than a year on Wednesday after a report showed inflation cooled a bit more than expected last month, which hopefully takes some more pressure off the economy.The S&P 500 rose…

The Republican-led US House of Representatives Oversight Committee on Monday asked Federal Reserve Chair Jerome Powell to hand over confidential documents related to the central bank's supervision of failed Silicon Valley Bank.Committee…

WASHINGTON: A united US Federal Reserve agreed to hold interest rates steady at the June meeting as a way to buy time and assess whether further rate hikes would be needed, even as the vast bulk expected they would eventually need to…

WASHINGTON: Some members of the US Federal Reserve's rate-setting committee supported another interest rate hike in June to tackle high inflation, but ultimately voted for a pause, the Fedannounced Wednesday.The Federal Open Market…