County Jerome Financial News
07.03 / 05:05
Provident
economy
Yellow
wellness
Trade
Cycling
Gold surges to record highs above $2,160 as Powell touts rate cuts
Investing.com-- Gold prices rose to a record high in Asian trade on Thursday, buoyed chiefly by comments from Federal Reserve Chair Jerome Powell that the central bank will cut interest rates in 2024.
07.03 / 03:55
markets
security
Nikkei
Trade
President
Interviews
Asian stocks
Asian stocks fall as US rate cheer fades; Nikkei hit by BOJ jitters
Investing.com-- Most Asian stocks fell on Thursday as Federal Reserve officials offered differing signals on U.S. interest rates, while Japanese shares slid from record highs amid speculation over a Bank of Japan pivot.
07.03 / 03:55
07.03 / 03:01
07.03 / 02:07
07.03 / 02:07
07.03 / 01:39
markets
Target
JPMorgan
Gap
economy
Trade
President
Emerging markets retreat from three days of wins
Developing-world currencies were mixed on Tuesday as traders awaited key speeches and data that could shed light on the outlook for US interest rates while losses in Hong Kong-listed tech stocks drove emerging-market equities lower.
07.03 / 01:39
markets
COST
Target
Progressive
economy
Remark
Fed can’t cut until it’s sure of inflation win, Powell says
Federal Reserve Chair Jerome Powell reiterated to lawmakers that the US central bank is in no rush to cut interest rates until policymakers are convinced they have won their battle over inflation.
07.03 / 00:21
Waters
DOW
economy
Trade
President
Rate Cut
US stock futures tread water as Fed’s Kashkari tempers rate cut cheer
Investing.com-- U.S. stock index futures moved little in evening deals on Wednesday, steadying after a positive session on Wall Street as uncertainty persisted over the scope and scale of the Federal Reserve’s interest rate cuts.
07.03 / 00:21
markets
UPS
Provident
Manufacturing
economy
Remark
reports
Stock Market Today: S&P 500 ends higher after Powell reinforces rate-cut hopes
Investing.com-- The S&P 500 closed higher Wednesday, as the rally in tech returned following weakness a day earlier after Federal Reserve Chair Jerome Powell reinforced expectations that interest rate cuts were coming later in the year.
06.03 / 22:27
06.03 / 20:07
markets
Target
Progressive
economy
Sustainability
Election
Updates
Powell's Testimony: A Cautious Fed Amidst Inflation and Growth Challenges
Quiver Quantitative — Federal Reserve Chair Jerome Powell, in his recent testimony before the House Financial Services Committee, conveyed a cautiously optimistic outlook for the U.S. economy, emphasizing that it's not on the brink of recession. However, he expressed uncertainty about the timeline for rate cuts, acknowledging the need for further progress on inflation. This stance comes as Powell and other Fed officials grapple with balancing the goals of sustaining economic growth and achieving the Fed's 2% inflation target. With the current unemployment rate at 3.7%, the central bank aims for a 'soft landing' where the economy continues to grow without spurring inflation.
06.03 / 20:07
06.03 / 18:35
markets
IPO
Action
security
Trade
Small-caps sulk, but Sensex takes a leap beyond 74,000
MUMBAI : Bulls turned the tables on bears in the last hour and a half of trading on positive cues from the global markets, lifting benchmark indices to new closing highs on Wednesday. US futures indicated the Dow Jones may open in the green ahead of the Fed chair's appearance at the Congress, aiding markets in India. Interest rate cuts were likely “at some point this year", chairman Jerome Powell said in a prepared testimony released later, but made it clear the Fed is not ready yet.
06.03 / 18:35
Reuters
economy
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show
country
information
Oil prices rise 2% on smaller build in US crude stocks as Fed signals rate cuts in 2024; Brent nears $84/bbl
Also Read: Explained | Why did OPEC+ members extend oil output cuts to mid-2024 Back home, on the Multi Commodity Exchange (MCX), crude oil futures due for a March 19 expiry, was last trading 2.42 per cent higher at ₹6,638 per bbl, having swung between ₹6,484 and ₹6,671 per bbl during the session, against a previous close of ₹6,481 per barrel. -The Organisation of Petroleum Exporting Countries and its allies (OPEC+) led by Saudi Arabia and Russia agreed earlier this week to extend voluntary oil output cuts of 2.2 million barrels per day (bpd) into the second quarter or mid-2024.
06.03 / 18:15
markets
Target
Progressive
economy
Sustainability
Remark
track
Powell says Fed won't rush to cut interest rates until inflation is conquered
Investors are watching for any clarity about the timing of interest-rate cuts this year.
06.03 / 16:45
economy
Remark
Cycling
show
Watch Fed Chair Jerome Powell testify live on Capitol Hill before House panel
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06.03 / 16:45
markets
UPS
Target
Progressive
economy
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wellness
NOT
Powell reinforces position that the Fed is not ready to start cutting interest rates
Federal Reserve Chair Jerome Powell on Wednesday reiterated that he expects interest rates to start coming down this year, but is not ready yet to say when.
06.03 / 16:27
06.03 / 16:27
Target
economy
Sustainability
Remark
President
show
Equality
Fed's Powell: Rate cuts likely this year, but more evidence is needed that inflation is tamed
Chair Jerome Powell reinforced his belief Wednesday that the Federal Reserve will cut its key interest rate this year but that it first wants to see more evidence that inflation is falling sustainably back to the Fed’s 2% target
06.03 / 15:03
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