The index Dow Jones fell by 0.35%, the Nasdaq was up 0.22% and the broader index S&P 500 gained 0.24% around 2:15 p.m. GMT, pending decisions by the Fed. “Investors are bracing for one of the most important monetary decisions of recent times, with the Federal Reserve predicted not to raise its key rate for … Read more
The Dow Jones Industrial Average slipped more than 100 points after Federal Reserve Chairman Jerome Powell signaled he was going to raise interest rates to curb inflation. As of 10:50 p.m. Thai time, the Dow Jones Industrial Average was 33,427.48 points, down 108.43 points or 0.32%. Mr. Powell said “I understand the impact of high … Read more
The banking crisis tightened credit conditions “While financial stabilization tools have helped calm conditions in the banking sector, developments in the industry on the other hand are contributing to a tightening of credit conditions and are likely to affect economic growth, employment and inflation,” Powell explained. “As a result, we may not need to raise … Read more
The Dow Jones New York Stock Exchange closed lower on Wednesday (May 3) after comments by Federal Reserve Chairman Jerome Powell left investors uncertain. Will the Fed continue to raise interest rates? The Dow Jones Industrial Average closed at 33,414.24 points, a decrease of 270.29 points or -0.80%, the S&P 500 index closed at 4,090.75 … Read more
The president of the Federal Reserve (Fed), Jerome Powell, has been the victim of a prank by some Russian comedians, who impersonated the Ukrainian president, Volodimir Zelenski, and managed to extract information about his vision of the US economy. The video was shown today on Russian state television, but according to a Fed spokesman it … Read more
The Dow Jones New York Stock Exchange ended slightly lower on Wednesday (March 8), while the S&P 500 and Nasdaq closed higher after Federal Reserve Chairman Jerome Powell completed his monetary policy address to the House of Commons. Congress on the 2nd day, while investors keep an eye on the release of US non-farm payrolls … Read more
Oil prices are on a slight rise with the US government expecting world record consumption of petroleum products next year, while the dollar remained near its lowest level in 7 months. Oil is up slightly amid expectations of increased fuel demand next year Oil prices rose slightly on Tuesday as the US government expects record … Read more
Federal Reserve Chairman Jerome Powell plans to continue tightening monetary policy. But if the US economy heads towards a slowdown, and even a recession, it will not fall into a crisis. Let’s start with the bad news: The US is heading into a 2023 recession. Over the past 50 years, whenever inflation has hit an … Read more
The Fed raises rates by half a percentage pointclosing 2023 with the first hit of the brakes on a maxi-squeeze that saw four consecutive increases by 75 basis points. A move that acknowledges the slowdown in inflation (7.1% in November) and the slowdown of the economy, but is not a prelude to a stop: the … Read more
11:37pm Wednesday 14 December 2022 Cairo-Masrawy: Jerome Powell, chairman of the Federal Reserve (the central bank of the United States), said he thought it right to continue raising interest rates, explaining that a rate hike of about 50 basis points is still large and “we still have a way to go.” Powell added in a … Read more