Trump criticizes Fed Chair Powell over interest rate delay
President Trump’s push to oust Fed Chair Powell drew warnings from CEOs and spurred a brief market rally after his reversal....
Tag : Federal Reserve
US economy outperforms as 254,000 jobs added, unemployment falls
The US economy added 254,000 jobs in September, beating projections of 140,000. The unemployment rate dipped to 4.1%, showing continued strength in the labor market....
Fed Chair Powell signals smaller rate cuts to keep economy in solid shape
Federal Reserve Chair Jerome Powell emphasized a cautious approach to future rate cuts, noting that the Fed will act based on economic conditions, inflation trends,...
Gold price hits new all-time high amid macro uncertainties
Gold hits a record high at USD 2,607/oz, reflecting over 25% gains YTD, driven by geopolitical tensions, USD diversification, and macroeconomic uncertainty....
Fed cuts rates by half point amid slowing job gains
The Federal Reserve cut rates by half a percentage point Wednesday, its first move since the Covid pandemic, in an effort to stabilize inflation and...
Chinese Yuan hits record lows against surging US dollar
The yuan has hit new record lows against the surging US dollar, with the internationally-traded yuan reaching its lowest point since 2011 and China’s domestic...
JPMorgan Chase exceeds expectations with stellar first-quarter results
JPMorgan Chase announced a record-breaking first-quarter profit and revenue that surpassed expectations on Friday. The New York-based bank reported a profit of $12.6 billion or...
Dollar slips as investors await Powell testimony
Investors were watching for testimony from Federal Reserve Chair Jerome Powell on Monday as well as the February jobs report at the end of the...