Gold Hits New Highs with 3% Jump While Asian Stocks Trade Mixed After US Fed holds rates
Due to strong demand from risk-averse investors and fresh safe-haven inflows, spot gold prices moved decisively ...
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Tag: federal reserve
Australia’s Central Bank Cuts Interest Rates for the First Time Since 2020
The Australian dollar briefly went up after the decision before reversing its gains. Australia’s central bank ...
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Citigroup’s China Expansion Faces Roadblocks Due To US Regulators
Citigroup had initially planned to launch its investment banking division by mid-2023, but it later moved ...
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Fed Announces Larger-than-Expected Rate Cut as Inflation Eases
The Fed's policy decision sparked a quiet response from the presidential candidates despite being made just ...
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Federal Reserve’s Annual Stress Test Passed by Top 31 US Banks
The biggest banks in the country have passed the stress test in recent years, usually with ...
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Global Markets React to U.S. Inflation Data: Yen stoops to 34-yr low
Wall Street’s stumble overnight is sending shockwaves across the markets. The Asian financial markets are reacting ...
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Rents Boost US Consumer Prices in Jan
The annual consumer prices have substantially cooled down from a high of 9.1% in June 2022. ...
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Fed Has a Breather as the US CPI Cools Down
The Fed is now focused on core inflation and especially the core Personal Consumption Expenditures price ...
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Will Soft Landing help US Economy avoid a recession?
Confidence mounts amongst economists and analysis on the Federal Reserve to avoid pushing the US into ...
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Fednow To Unleash Another Bank Run With An Instant Fund Transfer Facility
The Federal Reserve has announced the launch of its real-time payment system, FedNow Service (FedNow). The ...
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