Foreign Exchange News

U.S. jobless claims jump to highest level since mid-November

U.S. jobless claims jump to highest level since mid-November

The numbers: Initial jobless claims rose by 23,000 to 230,000 in the week ended Jan. 8, the U.S. Labor Department said Thursday.  It’s the highest level since mid-November. Economists polled by The Wall Street Journal had estimated new claims would slip to 200,000. Key details: The number of people already collecting jobless benefits plunged by 194,000 …

U.S. jobless claims jump to highest level since mid-November Read More »

Fed accelerates taper of bond purchases, eyes three interest-rate hikes in 2022

Fed accelerates taper of bond purchases, eyes three interest-rate hikes in 2022

The Federal Reserve on Wednesday said it will phase out its bond-buying stimulus program by March — much faster than previously planned — and signaled it would raise interest rates more aggressively to combat high U.S. inflation. Opinion: All those doves at the Fed have suddenly become hawks The more assertive approach comes after upward …

Fed accelerates taper of bond purchases, eyes three interest-rate hikes in 2022 Read More »

social - Daily Mail India

Fed’s Mester says taper decision should wait until fall

Cleveland Federal Reserve President Loretta Mester on Tuesday said she didn’t want to adjust the central bank’s easy monetary policy stance until the labor market made more progress over the summer. Mester is not currently a member of the Fed’s policy making committee, the Federal Open Market Committee, but she will in 2022. “We’re on …

Fed’s Mester says taper decision should wait until fall Read More »

social - Daily Mail India

Three things to watch for at Powell’s press conference after Fed meeting

How many ways can you say “holding pattern.” Federal Reserve officials are expected to stay the course at the end of their two-day policy meeting on Wednesday. In the words of Fed Chairman Jerome Powell, the central bank is still “not thinking about thinking about” pulling back from its easy monetary policy stance even though …

Three things to watch for at Powell’s press conference after Fed meeting Read More »

social - Daily Mail India

Stocks rise in Japan and China; most other major markets closed for holiday

Markets in Japan and mainland China gained Friday, following another record day on Wall Street, as most other major global markets were closed for the Good Friday holiday. Japan’s Nikkei 225 NIK, +1.58% rose 1.1%, with SoftBank 9984, +4.22% rising more than 3%. The Shanghai Composite SHCOMP, +0.40% edged 0.4% higher, while the smaller-cap Shenzhen …

Stocks rise in Japan and China; most other major markets closed for holiday Read More »

social - Daily Mail India

Light trading in Asia, with most markets closed for holiday

Trading was light in Asia on Thursday, with most major markets closed for the Lunar New Year holiday. Hong Kong’s Hang Seng Index HSI, +0.45% rose 0.5% and Singapore’s Straits Times Index STI, -0.01% fell fractionally in shortened trading days. Australia’s S&P/ASX 200 XJO, -0.10% slipped 0.1%. Markets in Japan, mainland China, South Korea and …

Light trading in Asia, with most markets closed for holiday Read More »

social - Daily Mail India

Gold prices move up on uncertainty about U.S. Senate runoff elections in Georgia

Gold prices moved up on Tuesday, with uncertainty surrounding the U.S. Senate runoff elections in Georgia offering support for the haven metal. A climb in the U.S. ISM manufacturing index to its highest since August 2018, along with strength in the domestic stock market, had led to earlier losses for gold. Gold is finding support …

Gold prices move up on uncertainty about U.S. Senate runoff elections in Georgia Read More »

social - Daily Mail India

Fed’s Bullard downplays need for additional massive stimulus, says job market recovery has been much stronger than last recession

St. Louis Federal Reserve Bank President James Bullard says the job recovery as COVID-19 persists has been remarkable, but more progress is necessary. AFP/Getty Images The U.S. labor market improved at a shockingly rapid pace this year compared with the aftermath of the 2008-2009 financial crisis, St. Louis Fed President James Bullard said Friday. In …

Fed’s Bullard downplays need for additional massive stimulus, says job market recovery has been much stronger than last recession Read More »