Trump criticizes Fed Chair Powell over interest rate delay
U.S. President Donald Trump has renewed his criticism of Federal Reserve Chair Jerome Powell, calling for his removal and blaming the central bank’s leadership for...
Tag : Federal Reserve
US economy outperforms as 254,000 jobs added, unemployment falls
MENA Newswire News Desk: – The U.S. economy added 254,000 jobs in September, significantly surpassing economists' projections, according to data released by the Bureau of...
Fed Chair Powell signals smaller rate cuts to keep economy in solid shape
MENA Newswire News Desk: Federal Reserve Chair Jerome Powell reiterated Monday that the central bank will take necessary measures to maintain the economy’s strength, although...
Gold price hits new all-time high amid macro uncertainties
MENA Newswire News Desk: Precious metals are shining brighter as gold hit an all-time high of USD 2,607 per ounce earlier this month, reflecting a...
Fed cuts rates by half point amid slowing job gains
MENA Newswire News Desk: The Federal Reserve on Wednesday cut its benchmark interest rate by half a percentage point, marking the first reduction since the...
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...