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Investing.com — The U.S. dollar slipped higher in early European trade Friday, but was heading for healthy weekly gains after Fed Chair Jerome Powell raised the possibility of further rate hikes to combat inflation. 

Ajoy Chawla, CEO, Tanishq said «Over the past three weeks of this festive season, we've observed a significant upswing in customer sentiment. Notably, our new collections, including Dharohar, a showcase of Indian craftsmanship, Rivaah X Tarun Tahiliani's exquisite bridal jewellery, String It, our chic lightweight neckwear, and more, have been receiving remarkable traction across all categories.

Michael Burry, Rakesh Jhunjhunwala, Charlie Munger, and more who had never attended B-Schools in their lives. Mohnish Pabrai is one of them. This Indian-American businessman and investor is the founder and Managing Partner of the Pabrai Investments Funds while managing Dhandho Funds too.

Bitcoin is finally back to where it traded before the event that precipitated the last crypto crash. The dominant cryptocurrency rose as much as 6.7% to $37,973 on Thursday before paring the gain. That was the highest since May 5, 2022 — just before the TerraUSD stablecoin collapsed and ignited a daisy chain of failures across the cryptoasset space. Bitcoin completed its full recovery from that debacle almost exactly to the year after the rout reached its nadir when Sam Bankman-Fried’s exchange FTX filed for bankruptcy. “With Bitcoin trading back above the level when the Terra stablecoin imploded, crypto traders have officially moved on from those psychological scars,” said Markus Thielen, head of research at Matrixport. Unlike in previous boom cycles, Bitcoin staged this year’s recovery in fits and starts, with sharp advances interspersed with long lulls of low volatility. To get here, it had to overcome the steepest monetary tightening by the Federal Reserve in four decades, along with increasingly stringent industry regulations.

Federal Reserve will not hesitate to raise interest rates further, if necessary, to achieve its 2% inflation target, took some sheen out of the yellow metal on Friday as bullion traded in the red in the early trade. At 9:30 am, MCX December gold futures were trading at Rs 60,218 per 10 gram, down by Rs 64 or 0.11% from the Thursday closing price. Meanwhile, the December Silver futures were trading at Rs 71,120 per kg, lower by Rs 93 or 0.13%. On Comex, gold futures were trading at $1,951.30 per troy ounce on Friday, down by $6.50 or 0.33% while silver futures were trading at $22.545, lower by $0.183 or 0.810%. The dollar index was trading flat at 105.89 against a basket of top six currencies, down by 0.02 points or 0.02%. The December gold futures ended at Rs 60,327 on the MCX on Thursday, up by Rs 318 or 0.53% while the December Silver futures settled at Rs 71,390, higher by Rs 177 or 0.25%. «Spot gold was able to find support at the crucial level of $1945.

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US Federal Reserve is prepared, if needed, to hike interest rates further in order to bring inflation down to its long-term two percent target, Fed Chair Jerome Powell said Thursday. «We know that ongoing progress toward our two percent goal is not assured: Inflation has given us a few head fakes,» Powell told a conference in Washington. «If it becomes appropriate to tighten policy further, we will not hesitate to do so,» he added, in remarks that were briefly disrupted by climate protesters. Powell's comments come just over a week after the US central bank voted to hold interest rates steady at a 22-year high for a second consecutive meeting, fueling expectations that it was done with rate hikes. While the Fed's rate-setting committee is «committed» to achieving a sufficiently tight stance of monetary policy, «we are not confident that we have achieved such a stance,» Powell said. The Fed chair's comments suggest the US central bank is still concerned about the prospect of a re-acceleration of inflation, which has more than halved since peaking last year, according to the Fed's favored yardstick. However, Powell later indicated that he felt the Fed was «probably» at a point where its monetary policy was «significantly restrictive,» suggesting that the Fed felt confident in its current stance. «We're watching the effect carefully on the economy,» he said.

how to regulate it. It started off with the US springing a surprise with Joe Biden’s executive order requiring AI majors to be more transparent and careful in their development. This was followed by the Global AI Summit convened by Rishi Sunak; attended by 28 countries (China included) and boasting the star power of Elon Musk, Demis Hassabis and Sam Altman, it led to a joint communique on regulating Frontier AI.

Investing.com — Stocks sank on Thursday after Federal Reserve Chair Jerome Powell dashed investor enthusiasm over the end of interest rate increases.

By Rae Wee

Climate protesters delay the start of Federal Reserve Chairman Jerome Powell's speech at the Economic Club of New York.

By Howard Schneider and Ann Saphir

Hologic (NASDAQ:HOLX) shares rose more than 2% after-hours following the company’s reported Q4 results, with EPS of $0.89 coming in better than the consensus estimate of $0.84. Revenue decreased 0.8% year-over-year to $945.3 million, beating the consensus estimate of $940.03M.

Federal Reserve Chair Jerome Powell suggested that the Fed is in no hurry to further raise its benchmark interest rate, given evidence that inflation pressures are continuing to ease at a gradual pace

Stocks fell on Wall Street as the pressure cranked higher from the bond market again

Investing.com --  The Dow closed lower Thursday, as Federal Reserve chairman Jerome Powell dealt a blow to bets on sooner rather later rate cuts after signaling that the Fed isn't ready to close the curtain on rate hikes.

TrendMacro CIO Don Luskin argues the Fed is still 'pretending' the US has an inflation problem even though it's largely been conquered on 'Making Money.'

By Nandita Bose

NEW YORK (Reuters) — U.S. Federal Reserve officials «are not confident» that interest rates are yet high enough to finish the battle with inflation, and may be nearing the end of how much help they can expect in lowering price pressures from improvements in the supply of goods, services and labor, Fed Chair Jerome Powell said on Thursday.

Investing.com — Federal Reserve Chairman Jerome Powell said Thursday the Fed wasn't confident yet they had reached a sufficiently restrictive level on monetary policy to bring inflation down to target, suggesting further rate hikes cannot be ruled out.   

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