Latest Updates Around The World
Gold prices fell slightly on Friday as investors assessed the US Supreme Court ruling that overturned President Donald Trump’s broad tariff plan, although the safe metal was still supported by weaker-than-expected US GDP data.Spot gold rose 0.5% to $5,025.19 an ounce at 10:35 a.m. (1535 GMT), after rising as much as $5,063.49 earlier in the […]
London: The Bank of England will keep a close eye on a tough set of economic data in the coming days after a sharp decision to leave interest rates unchanged amid concerns that inflation remains uncomfortably high. A busy week for watchers of the British economy will include labor market figures and consumer price data, […]
The revision comes amid scrutiny of RBI’s inflation forecasting model after it consistently overestimated price pressures last year, which could potentially contribute to an aggressive policy stance. | Photo credit: FRANCIS MASCARENHAS India will release inflation figures on Thursday based on a new index, which analysts say could indicate increased price pressures in the economy, […]
The European Central Bank left interest rates unchanged on Thursday as expected and gave no clues on its next move, reinforcing market expectations that policy will remain stable for some time as the bloc enjoys steady growth and near-target inflation.The euro zone’s central bank has been on hold since a yearlong series of rate cuts […]
Kevin Warsh, who is eyeing to become the next chairman of the Federal Reserve, may want to significantly shrink the central bank’s multibillion-dollar balance sheet, but experts agree that financial reality strongly suggests that achieving this goal will be difficult and slow, if at all.That’s because the Fed’s assets and the regime designed to manage […]
US stock index futures narrowed some losses on Friday after US President Donald Trump nominated Kevin Warsh as the next chairman of the Federal Reserve.“I nominate Kevin Warsh to be chairman of the Board of Governors of the Federal Reserve System,” Trump said, announcing his latest move to put his stamp on a Fed he […]
The US Federal Reserve kept its benchmark interest rate unchanged on Wednesday as policymakers continued to assess the strength of the labor market and the pace at which inflation is declining. The central bank kept the federal funds rate within a range of 3.5% to 3.75%, in line with market expectations, signaling caution amid mixed […]
That of the US Federal Reserve January 23 decision Supporting the embattled Japanese yen is believed to be responsible for gold’s historic price rise above the US$5,000 per ounce level. The New York Federal Reserve reportedly carried out a “rate check” on currency traders regarding the exchange rate between the US dollar and the Japanese […]
The U.S. Federal Reserve is widely expected to leave rates unchanged at its meeting next week, holding firm despite President Donald Trump’s push to cut interest rates while guarding against threats to its independence.The central bank has cut rates three times in a row since September as the labor market weakened, bringing rates to between […]
Precious metals retreated on Thursday as geopolitical tensions and demand for safe havens eased after US President Donald Trump backed away from new tariff threats and proposals to forcibly annex Greenland, while a firmer dollar also put pressure on prices. RAW MATERIALS * Spot gold fell 0.8% to $4,799.79 an ounce as of 0136 GMT, […]
