Fed

US inflation slowed sharply to 7.1% over past 12 months

Wall Street immediately welcomed Tuesday's better-than-expected inflation data as providing further support for the Federal Reserve to slow and potentially pause its rate hikes by early next year

Bank CEOs warn that US economy faces threat from high inflation, rising interest rates

With inflation rising as high as 9 per cent this year, the US Fed has aggressively raised rates from near zero to a range of 3 per cent to 3.25 per cent in a few months. Fed Chair Jerome Powell acknowledged that households will feel an impact

US Fed escalates fight against inflation, delivers third-straight big hike

The US Federal Reserve raised interest rates by 75 basis points for the third consecutive time and forecast they would reach 4.6 per cent in 2023, stepping up their fight to curb inflation

Asian markets mixed as rate hike woes offset China tech hopes

Markets have seen some levelling out in recent weeks as the easing of lockdown measures in China helps to offset some of the worries about higher rates and the impact of the Ukraine war

Rising interest rates in US will hinder foreign economies

Developing countries are worried the Fed waited too long to begin its anti-inflationary campaign and will be forced to raise rates so aggressively it causes a hard landing that hurts the United States and developing countries alike

US Federal Reserve raises interest rates to fight inflation, signals more hikes ahead

It also released a set of quarterly economic projections that underscored the potential for extended interest rate increases in the months ahead

Gold rises in early trade after Fed rate cut, but pares gains as investors go for cash hunt

Spot gold was up 0.9 percent at $1,543.60 per ounce by 0248 GMT, having risen as much as 2.8% earlier. The metal fell 3 percent on Friday. US gold futures rose 1.8 percent to $1,544.20 per ounce.

Stock rebound stalls as doubts about US stimulus package to fight coronavirus outbreak response grows

Many analysts say investors need to remain on guard for further market volatility because the coronavirus still poses a risk to public health in many countries, which could place additional strain on the global economy

Coronavirus outbreak: World Bank announces up to $12 billion in immediate funds for countries grappling with health, economic fallout

The coronavirus outbreak that has spread quickly from China to some 80 countries

Gold extends gains as coronavirus prompts Fed rate cut to cushion economic impact from epidemic

Spot gold climbed 0.3 percent to $1,643.76 per ounce, having registered its biggest one-day percentage gain since 2016 on Tuesday.