Browsing: Fed

The prospect that the U.S. central bank would start reducing borrowing costs in September has been a solid bet for weeks

Nonfarm payrolls rose 272,000 in May, compared with the 185,000 expected, and average hourly earnings rose 4.1% from a year ago

SINGAPORE: Oil prices rose for a second consecutive session on Thursday amid growing expectations the Federal Reserve will cut interest rates in September, but the upside was capped by higher US inventories and an OPEC+ plan to increase supply, according to Reuters.

The euro was little changed at $1.0871, not far from the nearly two-month high of $1.0895 it touched last week

His defense of the inflation target comes amid persistent calls from some corners for the Fed to overhaul the way it guides, sets and communicates policy

The Dow Jones Industrial Average rose 450.02 points, or 1.18%, to 38,675.68 NEW YORK – A gauge of global stocks…

Fed officials through much of their battle with a pandemic-driven breakout of inflation said they thought it would take a period of below-trend growth to really bring price pressures into line

Speaking at separate events in Washington on April 16, Powell and Jefferson both said policy could stay “restrictive” for longer if inflation doesn’t show clear signs of getting back down to the Fed’s 2% target

Most stock markets in the Gulf closed higher on Thursday, led by the Saudi index, joining a global rally as investors cheered the U.S. Federal Reserve’s indication that it will still deliver three rate cuts this year. The Fed kept borrowing costs unchanged on Wednesday and signaled they still expect to ease interest rates by three-quarters of a percentage point by the end of 2024.

As the Fed maintained its long-run inflation projection at its 2% target, this implies a slight increase in what policymakers deem to be the neutral real rate of interest, or ‘R-star’, to 0.6% from 0.5%