AUD/USD trims intraday losses, the second one in the weekly line. Australia Retail Sales drops more than initially expected in July. Market sentiment dwindles ahead of Fed Chair Powell’s Jackson Hole showdown. Aussie infections eased, technical advisory group recommends jabbing for 12 years and above. AUD/USD picks up bidsRead More →
© Reuters. By Yasin Ebrahim Investing.com – The dollar was flat Tuesday as Federal Reserve chairman Jerome Powell reiterated the central bank was in no hurry to stop supporting the economy and warned a slower recovery would keep rates lower for longer. The , which measures the greenback’s strength against aRead More →
The Federal Reserve’s Chair, Jerome Powell has hinted at using an Ethereum-based interest reference rate in a transition from the London Interbank Offered Rate (Libor). Powell also detailed in a letter to Senator Tom Cotton (R-AR), that the Ethereum version of Libor, a software called “Ameribor” may not be forRead More →
U.S. Treasury yields traded higher on Tuesday as reports that the spread of COVID-19 may be slowing down helped to cheapen prices for government paper, drawing investors to the Treasury Department debt auction in the afternoon. Federal Reserve Chairman Jerome Powell testified in front of the House Financial Services Committee,Read More →
Getty Images Federal Reserve Bank Chairman Jerome Powell speaks at his press conference Wednesday. Federal Reserve Chairman Jerome Powell on Wednesday defended the central bank’s review of long-term policy strategy and said the results would be “meaningful.” “I’d like for this review to come out with a set of positiveRead More →
© Reuters. Investing.com – U.S. futures fell on Wednesday as U.S. President Donald Trump continued to keep markets guessing about when and if a trade deal with China will be reached, while testimony from Fed Chair Jerome Powell will be the highlight of the day. Trump said in a speechRead More →
© Reuters. Investing.com – Stocks were rising midafternoon Wednesday after the Federal Reserve’s latest interest-rate cut and what the market took to be encouraging words from Fed Chairman Jerome Powell. The was up 0.25% at 3:12 PM ET (19:12 GMT), with the {{169|Dow Jones industrials} up 0.32%. The was upRead More →
(Bloomberg) — Want the lowdown on European markets? In your inbox before the open, every day. Sign up here. U.S. stocks held onto slight gains, while Treasuries edged higher as comments by Federal Reserve Chairman Jerome Powell did little to alter the view the central bank will cut rates inRead More →
U.S. Treasury yields rose Friday as traders wait for Federal Reserve Chairman Jerome Powell’s speech at the Jackson Hole symposium in Wyoming, where he may give clues to the central bank’s next moves. What are Treasurys doing? The 10-year Treasury note yield TMUBMUSD10Y, +1.53% rose 2.5 basis points toRead More →
Bloomberg News/Landov Fed Chairman Jerome Powell says he’s the boss: He won’t quit or leave his post if Trump tries to fire him. Federal Reserve Chairman Jerome Powell said the U.S. is suffering from a bout of uncertainty caused by trade tensions and weak global growth, but he pledged toRead More →
© Reuters. Investing.com – Stocks rallied Wednesday and hit new highs after Federal Reserve Chairman Jerome Powell assured lawmakers the central bank will do what it can to sustain the economic expansion. The Fed will “act as appropriate,” Powell told the House Financial Service Committee in the first of twoRead More →
Gold futures climbed sharply on Wednesday, poised to log their highest finish in a week, as the U.S. dollar weakened on the back of remarks from U.S. Federal Reserve Chairman Jerome Powell that were perceived as dovish. In prepared remarks for Congress, Powell said Wednesday that the U.S economy isRead More →
U.S. stock-index futures pointed to what could be the third-straight losing session for Wall Street on Tuesday, as investors grew wary of equities in the countdown to comments from Federal Reserve Chairman Jerome Powell. What are major indexes doing? Dow Jones Industrial Average futures YMU19, -0.37% fell 106 points, orRead More →
Bloomberg News Federal Reserve Chairman Jerome Powell says central banks are having a hard enough time getting inflation to 2%. Federal Reserve Chairman Jerome Powell on Wednesday rejected advice from some of the world’s most prominent economists and said he would not support moving the central bank’s 2% inflation targetRead More →
Sometimes the U.S. stock market sends a clear, unambiguous message. But many investors are so caught up in their own opinions that they shut out the message. This market is controlled by the momo (momentum) crowd. The momo crowd believes blue skies are ahead as far as they can see.Read More →
Reuters Fed Chairman Jerome Powell will talk to reporters on Wednesday after the Fed’s two-day policy meeting. Federal Reserve Chairman Jerome Powell faces a tough task on Wednesday, trying to steer clear of word choices that might kickoff a market overreaction, economists said. Making his life tougher is the factRead More →
© Reuters. FILE PHOTO : A man is reflected on an electronic board showing a graph analyzing recent change of Nikkei stock index outside a brokerage in Tokyo By Tomo Uetake TOKYO (Reuters) – Asian shares edged higher on Wednesday and the dollar fell to a three-week low after FederalRead More →
Federal Reserve Chairman Jerome Powell has decided to listen more to markets and to become agnostic about economics. During his first year, the Fed increased the federal funds rate by a full point to about 2.4% — and continued to run down its holdings of mortgage-backed securities. Through December, theRead More →
