Tag
US Federal Reserve Vice Chair Philip Jefferson, responding to the Department of Justice subpoena of Fed Chair Jerome Powell, said on Friday he considered Powell to be “of the highest…
Palm oil stockpiles in Malaysia surged to the highest in more than six years as exports dropped in November, according to a survey. Inventories jumped 10 per cent from a month earlier to…
China added an estimated 15 tonnes of gold to its forex reserves in September as central banks accelerated their purchases of bullion after a seasonal summer lull, according to Goldman…
FEDERAL Reserve Governor Michael Barr said although artificial intelligence will transform economies, there are a range of outcomes as to how that will play out. Barr, in remarks prepared…
FEDERAL Reserve Bank of Cleveland President Beth Hammack said monetary policy should continue putting downward pressure on inflation, which she says is too high and remains a bigger risk…
A KEY US central bank official warned on Monday that inflation would likely remain elevated in the coming year as tariffs bite, while vowing to fulfill her duties even as President Donald…
The drop comes as the Treasury has ramped up debt issuance to rebuild its cash balance following the increase in the debt ceiling in July The US banking system’s reserves, a key factor in…
Central banks may hold significant amounts of Bitcoin and gold by 2030, thanks to growing institutional popularity and a weakening US dollar, according to Deutsche Bank. Marion Laboure, a…
FEDERAL Reserve Governor Stephen Miran on Friday again pressed for an aggressive path of rate cuts citing the impact of Trump administration policies on the economy, while other central…
FEDERAL Reserve Governor Christopher Waller on Thursday stepped up his call for cutting short-term US borrowing costs, saying he would support an interest-rate cut next month and further…
Federal Reserve Chair Jerome Powell has asked the Fed board’s inspector general to take a fresh look at the project aimed at overhauling Fed buildings, Politico reported on…
US Federal Reserve chair Jerome Powell on Wednesday (Jun 25) said the US central bank is still struggling to determine the impact of tariffs on consumer prices. “The question is, who’s…
Officials see slower economic growth, higher inflation and rising unemployment, and hold divided views on the outlook for interest rates, according to their latest projections …
Malaysia’s increasing currency reserves are bolstering its defences against market volatility. The country’s net foreign exchange (FX) reserves rose to US$94.7 billion at the end of April,…
Bank Indonesia has stepped up intervention this year and last month began intervening in the offshore non-deliverable forwards market Indonesia’s foreign-exchange reserves saw the…
The Federal Reserve is set to extend its pause on interest rate cuts on Wednesday amid concerns that President Trump’s tariffs will unleash fresh inflationary pressures while also hurting…
Domestic concerns, such as the fiscal outlook and slowing economic growth amid President Prabowo Subianto’s shuffling of policy priorities, are also weighing on market sentiment …
Britain's biggest gas supplier said Friday UK storage levels are "concerningly low" owing to high demand caused by freezing weather and after Ukraine ended Russian gas transit to Europe.…
GOLD inched higher on Thursday (Dec 26) in holiday-thinned trade, as investors focused on the US Federal Reserve’s interest rate strategy and anticipated tariff policies under…
BOEING said it plans to cut its workforce by about 10 per cent, responding to the crisis facing the planemaker as it faces a drawn-out strike by workers and a worsening cash crunch. The…
1 min read Last Updated : Sep 27 2024 | 11:24 PM IST India’s foreign exchange reserves surged by $2.8 billion to hit new all-time high of $692 billion for the week ended September 20,…
2 min read Last Updated : Sep 27 2024 | 5:46 PM IST India's foreign exchange reserves continued to rise for a sixth straight week to a record high of $692.3 billion as of Sept. 20, data…
FEDERAL Reserve Governor Lisa Cook on Thursday endorsed the US central bank’s 50-basis-point interest-rate cut last week as a way to address increased “downside risks” to employment. “I…
