Page 34 - Us Federal Reserve

Powell says central bank committed to using all tools to help recovery

The Federal Reserve remains committed to using all the tools at its disposal to help the US economy recover from the blow delivered by the coronavirus pandemic, Chair Jerome Powell said

Global trends, F&O expiry, geo-politics to move stocks this week: Analysts

With no major macroeconomic domestic data to be announced this week, global trends, geo-political worries and F&O expiry on Thursday are likely to move stock markets this week, analysts said. Markets may witness volatility amid derivatives expiry on Thursday, they said. Benchmark index Sensex pared gains to close almost flat last week as the US Federal Reserve's guidance triggered a rout in global equities.The US Fed did not unveil any additional stimulus measures at its policy meet, even though it hinted at the key interest rate staying close to zero at least through 2023. Federal Reserve Chairman Jerome Powell also said the economic outlook is "highly uncertain", stoking fears of more pain in store for businesses. "Markets have been trading with uncertainty and the clear lack of direction to either side was visible in the last week's trades. Due to lack of any fresh triggers for the market, the current uncertainty is expected to continue. But any news with regards to the border .

Federal Reserve weighs bank dividends as it prepares second stress test

The central bank said it will release the results of the new analysis by the end of 2020

MARKET: Sensex slips 323 pts amid weak global cues, Nifty ends at 11,516

All that happened in the markets today

Gold drops 1% as dollar rises after US Fed's upbeat economic view

Spot gold was down 1.1% to $1,938.12 per ounce by 0321 GMT. U.S. gold futures slipped 1% to $1,951.30

BOJ to hold fire, signal resolve to work closely with Suga's new cabinet

The BOJ board may also debate how the Federal Reserve's recent shift towards a policy focusing more on jobs

Federal Reserve vows to keep interest rates near zero until inflation rises

The Fed's decision drew two dissents, one from a policymaker who thought it went too far, and the other from one who thought it didn't go far enough

HDFC Bank, Infosys help Sensex settle 259 pts higher, Nifty ends at 11,605

All that happened in the markets today

US Fed nominee Shelton doesn't yet have Senate support, Thune says

Judy Shelton does not currently have the votes to win confirmation in the US Senate, Republican Senator John Thune said Tuesday

Asian stocks cheer upbeat data but temper appetite ahead of US Fed meeting

The Fed is due to announce its decision on Wednesday, followed by a news conference from Jerome Powell

Gold prices flat as vaccine hopes lift equities; focus shifts to Fed meet

Gold prices were flat as investors maintained a cautious approach ahead of Fed's policy decision this week and as optimism around a potential Covid-19 vaccine lifted appetite for riskier assets

Rates to stay low for 'however long it takes': US Fed Chair Jerome Powell

Jerome Powell said the US jobs report for August was "a good one," but noted that with gains likely to slow, the central bank is planning to keep its foot on the monetary policy gas pedal for years

US Federal Reserve policymakers signal comfort with higher inflation

But once the coronavirus is under better control and unemployment has come down somewhat, he said, the Fed may need to shift its accommodative policies into higher gear

New monetary policy framework critical, robust evolution: US Fed vice chair

The Fed's new framework noted that policy decisions going forward will be based on the FOMC's estimates of "shortfalls of employment from its maximum level,"

Gold hits near two-week high on weaker dollar, dovish US Fed signals

Gold prices rose on Monday to their highest level in nearly two weeks, as US Federal Reserve's new policy framework suggested that interest rates would remain low for some time

Managing markets

Bond and currency markets would increase policy difficulties

Markets higher as Fed chair says interest rates to stay low

Asian markets were mostly higher on Friday after the Federal Reserve said it might keep interest rates low even if inflation rises, in a major overhaul to its strategy. Shares rose in Japan, South Korea, Shanghai and Hong Kong but fell in Sydney. Overnight, the S&P 500 ticked 0.2% higher, further into record territory and closing at 3,484.55, after Federal Reserve chair Jerome Powell said in a speech that it might keep interest rates low to help prop up the pandemic ravaged economy even if inflation rises above its target level of 2%. The hoped for change in the Fed's strategy is a huge deal for markets that have been rescued by central banks slashing short-term interest rates and buying all kinds of bonds. Japan's consumer price index rose 0.3% in July, the government reported, down from 0.6% the month before. The Bank of Japan has kept interest rates near or even below zero for most of the past decade, seeking to spur inflation and entice companies and consumers to spend more. .

Federal Reserve to target 2% average inflation, elevates focus on jobs

Under the new approach, the US central bank will seek to achieve inflation averaging 2% over time, offsetting below-2% periods with higher inflation "for some time"

Gold holds steady on softer dollar, investors eye Fed Chair Powell's speech

Gold prices were mostly unchanged after rising more than 1% in the previous session on weaker US dollar, as investors awaited a speech from Federal Reserve Chairman Jerome Powell due later in the day

Framework review complete, Powell starts hard sell for higher inflation

On Thursday, Fed Chair Jerome Powell begins what may be the tougher task: convincing the public that the central bank can and will deliver in the wake of a pandemic