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CLEVELAND FED
US stocks: Nasdaq ends lower as oil prices surge ahead of earnings, economic dataThe Nasdaq composite index faced a downturn as oil prices surged following attacks on a Saudi airport. With major banks set to release thei...- Cleveland Fed's Hammack backs restrictive policy, says better if it comes 'relatively quickly'Cleveland Fed President Beth Hammack has stressed the urgency of adopting a strict monetary policy as a response to mounting inflation that...
- US stocks muted as tech weakness offsets energy gains; earnings in focusThe S&P 500 and Nasdaq saw slight declines on Monday, primarily due to weaker technology stocks. Strength in energy and communication servi...
- US Market: Fed’s Hammack says jobs data gives time to assess rate pathFederal Reserve officials have signalled they have time to assess incoming economic data before making further changes to interest rates. C...
- Why is silver price falling today? Precious metal set for a monthly declineSilver price is dropping steadily on Wednesday. Spot silver has declined 0.8% to $60.98. Platinum has moved upwards by 0.5% to $1,714.71 an...
- Why is gold price rising today? Gold prices move higher as markets assess US inflation data and Federal Reserve rate expectationsGold price is witnessing a steady spike on Wednesday. Spot gold jumped 0.2% to $4,188.17 an ounce, while US gold futures gained 1% to $4,21...
- Why is silver price down today?Silver price is dropping by around 1% on Tuesday. The spot silver has fallen to $60.78. The bullion prices are fluctuating constantly due t...
- Why is gold price up today?After hitting a more-than-seven-week low in the previous session, Gold prices have bounced back on Tuesday. As of 1136 GMT, spot gold has c...
- Gold tumbles 4% to seven-week low as oil, dollar and yields climbGold fell sharply as rising oil prices heightened inflation concerns and strengthened expectations for tighter monetary policy. A firmer do...
- Why is silver price down today?Silver price is down considerably on Monday. The precious metal has fallen more than 4.6% to $61.32 per ounce. The higher oil prices and th...
- Why is gold price falling today?Gold price has dropped significantly on Monday. The precious metal has dipped more than 3% and touched its lowest in over seven weeks. The ...
- US Market: Fed's Hammack warns against inflation becoming entrenched in economyFederal Reserve Bank of Cleveland President Beth Hammack warned that persistently high inflation could entrench elevated price expectations...
- Fed tightening bets weigh on gold pricesGold prices have taken a hit, influenced by rising oil rates that have sparked inflation fears and suggested further interest rate hikes ma...
- Global Market Today: Asian shares subdued as rising oil fuels rate hike concernsMSCI’s gauge of Asian stocks opened slightly lower with South Korea’s benchmark slipping as markets returned from a holiday, while Japanese...
- Dollar dips as oil eases, yen jumps on Japan remarksThe dollar tumbled on Friday amidst softening oil prices, hinting at a cease to its prior gains. In contrast, the yen surged following Japa...
- US Market: Fed rate hike looms as hotter inflation clouds policy outlookThe US Federal Reserve is widely expected to raise interest rates by 25 basis points on Wednesday, taking the benchmark rate to 3.75%-4.00%...
- U.S. consumers grow more uneasy about jobs & finances as high inflation outlook holds steady, NY Fed findsUS consumers grew more pessimistic about jobs and personal finances in August. Inflation expectations remained largely unchanged, showing l...
- Kevin Warsh's 'quieter Fed' now includes a smidgen of guidanceFederal Reserve Chairman Kevin Warsh offered new insights on monetary policy. He indicated a potential interest rate hike at the upcoming m...
- US Fed officials keep rate hike in play as inflation clouds Kevin Warsh's first Jackson Hole addressFederal Reserve officials expressed concerns about stubbornly high inflation at Jackson Hole. Some policymakers believe further interest ra...
- Four regional Fed banks backed rate hike ahead of July decision, minutes showFour regional Federal Reserve banks backed a 25-basis-point increase in the discount rate ahead of the July policy meeting, minutes showed....
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