City Jackson Financial News
28.08 / 02:53
28.08 / 02:51
Dash
show
economic data
Gold flat after Powell's hawkish speech; focus on economic data
Gold prices were flat on Monday as Federal Reserve Chair Jerome Powell's hawkish commentary doused expectations that the U.S. rate-hiking cycle was nearing an end, with investors awaiting economic data this week for confirmation on rate trajectory. FUNDAMENTALS * Spot gold was little changed at $1,915.79 per ounce by 0105 GMT, U.S.
27.08 / 15:11
Provident
ETF
NASDAQ
DOW
Software
week
1 Stock to Buy, 1 Stock to Sell This Week: Salesforce, Dollar General
Stocks on Wall Street ended a volatile session higher on Friday as investors digested comments from Federal Reserve Chair Jerome Powell that the U.S. central bank may need to raise interest rates further to ensure inflation is contained.
27.08 / 05:43
Dogecoin
cryptocurrency
XRP
litecoin
BNB
Ethereum Price
Bitcoin Price
Crypto Price Today: Bitcoin holds $26,000 ahead of US Fed Chair speech at Jackson Hole; Solana, Polygon shed up to 5%
The global cryptocurrency market cap was trading lower, around $1.05 trillion, falling 1.43% in the last 24 hours. Bitcoin (BTC) fell 1.76% to $26,002, whereas its largest peer, Ethereum, declined nearly 2% to below the $ 1,650 level. Other top crypto tokens, BNB (2%), XRP (2.8%), Cardano (3.1%), Dogecoin (2.7%), Solana (5.5%), Polygon (3.5%), and Shiba Inu (3.2%) were also trading lower on Friday. The crypto market has seen minor selling pressure since yesterday. The crypto fear and greed index has seen some correction as it fell by 2 points since yesterday. The index continues to be in the fear zone with a score of 39/100, Parth Chaturvedi, Investments Lead at CoinSwitch Ventures said.
26.08 / 05:55
UPS
Lowe's
Target
Reuters
show
Inside
Dollar steady as Fed's Powell says higher rates may be needed
dollar held steady on Friday, on pace to finish the week strong, after Federal Reserve Chair Jerome Powell said the central bank may need to raise interest rates further to ensure inflation is contained, but promised to move «carefully» at upcoming meetings. Powell, in a speech at an economic summit in Jackson Hole, Wyoming, said policymakers would «proceed carefully as we decide whether to tighten further,» but also made clear that the central bank has not yet concluded that its benchmark interest rate is high enough to be sure that inflation returns to the 2% target. The U.S.
25.08 / 22:49
COST
Lowe's
Target
Fighting
Remark
Economy's solid growth could require more Fed hikes to fight inflation, Powell says at Jackson Hole
The continued strength of the U.S. economy could require further interest rate increases, Federal Reserve Chair Jerome Powell said in a closely watched speech that also highlighted the uncertain nature of the economic outlook
25.08 / 22:49
COST
Target
Progressive
Fighting
Remark
country
ECB's Lagarde says interest rates to stay high as long as needed to defeat inflation
Interest rates in the European Union will need to stay high “as long as necessary” to slow still-high inflation, Christine Lagarde, president of the European Central Bank, said Friday
25.08 / 22:43
BTC
Digital
Compilation
Strategy
BitMEX
Bitcoin
Time
Bitcoin Price Prediction as Crypto Billionaire Arthur Hayes Says BTC Will Benefit From Fed's 'Fiat Toilet Paper' Printing – Time to Buy?
BitMEX co-founder, Arthur Hayes, projects an optimistic outlook for Bitcoin, especially in light of the Federal Reserve's current monetary policies.
25.08 / 18:19
25.08 / 18:19
UPS
Citi
Target
Progressive
show
cover
Factbox-Highlights of Fed Chair Powell's Jackson Hole speech
(Reuters) — Federal Reserve Chair Jerome Powell on Friday said the central bank may need to lift interest rates further to finish the job of lowering inflation on a sustained basis.
25.08 / 16:09
25.08 / 16:09
UPS
Target
Progressive
NASDAQ
COMPOSITE
Fed is prepared to raise rates further if needed, despite progress: Powell
Investing.com -- The Federal Reserve is prepared to continue raising interest rates until it is convinced inflation is headed toward its 2% target, according to Chair Jerome Powell, who spoke Friday morning from the central bank’s annual meeting in Jackson Hole, Wyo.
25.08 / 16:09
25.08 / 16:09
UPS
Citi
Target
Remark
CME
show
Rate hike chances rise modestly after Fed's Powell speech
NEW YORK (Reuters) — Interest rate futures tied to the Federal Reserve's policy rate slightly increased the chances of tightening by the U.S. central banks at both the November and December policy meetings after Chair Jerome Powell's speech.
25.08 / 14:19
COST
UPS
Provident
Target
Progressive
Remark
Fed Chair Powell calls inflation 'too high' and warns that 'we are prepared to raise rates further'
Federal Reserve Chair Jerome Powell on Friday called for more vigilance in the fight against inflation, warning that additional interest rate increases could be yet to come.
25.08 / 11:25
COST
UPS
Target
DOW
show
Powell's Jackson Hole speech ahead, Affirm earnings - what's moving markets
Investing.com — Federal Reserve Chair Jerome Powell is set to give a pivotal speech at the Jackson Hole economic symposium on Friday, as some policymakers suggest that the central bank may need to keep rates higher for longer to combat inflation. Stock futures edge up ahead of Powell's comments. Elsewhere, buy-now-pay-later group Affirm shares surge on stronger-than-anticipated quarterly results, while Better falls sharply after the online mortgage lender's market debut following a SPAC tie-up.
25.08 / 11:25
NASDAQ
DOW
NVIDIA
show
Dow futures higher, rebounding ahead of key Powell speech
Investing.com — U.S. stock futures traded higher Friday, bouncing back after the previous session’s hefty losses ahead of Fed Chair Jerome Powell’s key speech at the Jackson Hole symposium.
25.08 / 11:21
UPS
NASDAQ
Remark
NVIDIA
Trouble ahead for tech stocks that even AI can’t fix
Technology stocks are in trouble, with the buzz around artificial intelligence set to be overshadowed by the effects of higher-for-longer interest rates, according to Bank of America Corp. strategists.
25.08 / 11:21
Citi
Lowe's
Remark
ADP
Jackson Hole conference begins, here’s what’s expected
The Federal Reserve Bank of Kansas City’s annual gathering in Jackson Hole, Wyoming gets underway with a dinner on Thursday evening. Here’s what to expect from the two-day conference featuring central bankers from around the world:
25.08 / 09:55
COST
UPS
FIVE
Yellow
show
safe
Gold price in focus as safe haven; should you increase your exposure to gold?
₹61,460 per 10 grams on MCX on May 5 this year. However, the yellow metal has slipped near to the level of ₹58,500 per 10-gram now. Rising bond yield and the US dollar have weighed on gold prices in the last few months.
25.08 / 05:25
UPS
Lowe's
AVP
track
Gold Rate Today: Gold down as US dollar jumps, Jackson Hole event eyed
In the international markets, spot gold eased 0.2% to $1,913.90 per ounce, while US gold futures shed 0.3% to $1,942. Gold has risen about 1.3% so far in the week, which could be its first week of gains this month, as prices climbed to their highest since August 10 on Thursday after a retreat in US Treasury yields. The October gold futures were trading at Rs 58,756 per 10 grams on the MCX at 9.49 a.m. and were down by Rs 55 or 0.09% from Thursday's closing price. Meanwhile, the September Silver futures were trading at Rs 73,392 per kg and were lower by Rs 176 or 0.24% around this time. The Federal Reserve is holding its annual symposium in Jackson Hole, Wyoming, from August 24-26.
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