Tag: US Federal Reserve
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US stocks retreat to open Q3 ahead of June jobs data
New Fed Chair Kevin Warsh said the Fed would “deliver price stability in the US.”
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Stocks mixed with eyes on US Fed
An analyst said new Fed chief Kevin Warsh told investors the central bank is “in price stability business.”
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US Fed’s preferred inflation gauge hits fresh three-year high
WASHINGTON: The US Federal Reserve’s preferred inflation measure hit a fresh three-year high in May, as elevated energy prices from President Donald Trump’s Iran war pose a key test to his Republican Party ahead of midterm elections.The personal consumption expenditures (PCE) prices index jumped 4.1 per cent
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Alan Greenspan, longtime US Federal Reserve chairman, dies aged 100
Greenspan, who was the Federal Reserve chairman from 1987 to 2006, oversaw the second-longest economic expansion in US history.
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US stocks fall, dollar rallies as Fed raises inflation forecast
NEW YORK: Wall Street stocks finished decisively lower Wednesday (Jun 17) while the dollar rallied after the Federal Reserve raised its inflation forecast and projected an interest rate hike by year-end.The US central bank, as expected,
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US Federal Reserve holds rates steady, raises inflation expectations
Inflation is still above the Fed’s 2 per cent target due to higher energy prices caused by global conflicts and supply shocks.
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US Federal Reserve kicks off first meeting with Warsh as chair
The US Federal Reserve is expected to leave interest rates unchanged as it balances rising inflation with economic uncertainty.
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Between Trump and a hard place: Fed chair Warsh to lead first rate meeting
WASHINGTON: US Federal Reserve chief Kevin Warsh will chair his first meeting of the central bank’s rate-setting committee next week caught between a rock and a hard place.Inflation is at a three-year high but Warsh still faces unrelenting pressure from the White House to lower interest rates.The bank’
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US inflation hits 3-year high in May as Middle East conflict raises prices of gas, energy products
WASHINGTON: US consumer inflation increased at its fastest pace in three years in May as the Middle East conflict raised the price of gasoline and other energy products, giving more ammunition for the F
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