Page 36 - Us Federal Reserve

Wall Street adds to gains after Fed pledges more support to US economy

At the end of its two-day policy meeting the Fed said it maintained its interest rate target range until it is confident the economy has weathered the virus

Fed pledges to keep rates near zero, says recovery will depend on Covid-19

The Federal Reserve also said it is open to use its 'full range of tools' to recover from the fallout from the coronavirus outbreak

Biden attacks Trump, vows to combat racial inequality with economic plan

Democrat says Trump is exacerbating social discord across the country by sending federal authorities into major cities under the pretense of addressing crime

Gold price today: Rs 52,465 per 10 gram, silver price at Rs 62,730 per kg

In New Delhi, the price of 22-carat gold rises to Rs 51,250 per 10 gram

Federal Reserve wrestles with next moves as coronavirus stalls US economy

No major changes are likely when the Fed releases a statement Wednesday after its two-day policy meeting ends and just before Chair Jerome Powell holds a news conference.

US Fed dials back recovery hopes, extends lending offers through year-end

The extensions apply to those facilities that were due to expire on or around September 30, the Fed said in a statement

Markets ride easy money wave, experts caution against asset price bubbles

Economists project developed world central banks to keep liquidity tap open well into 2021

Fed survey says economic activity has picked up but outlook remains cloudy

And the report said that business contacts in the Fed's 12 regions remained wary about the future

Goldman Sachs revenue from trading stocks and bonds surges 93%

Revenue from trading stocks and bonds surged 93 per cent, surpassing what analysts had expected

Banks stockpile billions as they prepare for things to get worse

Collectively, JPMorgan Chase, Citigroup and Wells Fargo have put aside $25 billion during the second quarter, they said. As a result, their quarterly profits plunged.

Global liquidity has lent support to deal-making, says Raj Balakrishnan

There is a 'gush of liquidity' around the world, including India after the US Federal Reserve opened the tap, says Raj Balakrishnan.

Federal Reserve officials suggest recovery of US economy may be stalling

Seemingly rapid rebound in jobs, retail sales and some other measures of activity in May and June may not persist, recent data shows.

Covid-19 impact: Fed policymakers see economy plateauing, risks ahead

Business owners are "nervous again," Ralph Bostic, president of the Atlanta Federal Reserve Bank, said in webcast remarks to the Tennessee Business Roundtable.

Priorities for the Covid-19 economy

The most urgent policy priorities have been obvious since the beginning, but they will require a show of political will

US Fed revisits Great Recession-era idea of keeping low interest rates

Fed officials anticipate the United States will suffer the worst economic downturn since World War Two, and they have no intent to let up on providing stimulus for the foreseeable future

'Extraordinarily uncertain': Fed chief Powell on outlook for US economy

Fed Chairman Jerome Powell said the outlook for the US economy was 'extraordinarily uncertain' and the success of the recovery effort would depend on its ability to contain the coronavirus spread

The huge disconnect

Gloomy economic narrative does not justify stock market highs

White label ATMs: Safe to assume the business is a resounding flop?

The business dynamics are stacked against white label ATMs, which could impact the government's goal of financial inclusion

US Fed invests $428 million in Walmart, oil firms, tobacco giant and others

WASHINGTON (Reuters) - The U.S. Federal Reserve bought $428 million in bonds of individual companies through mid-June, making investments in household names like Walmart and AT&T as well as in major oil firms, tobacco giant Philip Morris International Inc, and a utility subsidiary of billionaire Warren Buffett's Berkshire Hathaway holding company.

Banks lead US stocks lower after Fed caps dividends; Dow, S&P fall over 2%

While the S&P 500 fell 2.15% in early trading on Friday, Dow Jones declined 2.7% and Nasdaq slipped 2.3%