Jerome Powell

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Jerome Powell - Total results - 61
Stock Market Latest Updates: Sensex plummets over 1,000 points, Nifty at 8,829; IndusInd Bank, HDFC among top losers
Business

Stock Market Latest Updates: Sensex plummets over 1,000 points, Nifty at 8,829; IndusInd Bank, HDFC among top losers

Stock Market Latest Updates: Sensex plummets over 1,000 points, Nifty at 8,829; IndusInd Bank, HDFC among top losers

Markets close on weak note: Sensex plunges over 880 points, Nifty cracks below 9,200-level; IT stocks among top losers
Business

Markets close on weak note: Sensex plunges over 880 points, Nifty cracks below 9,200-level; IT stocks among top losers

The Sensex plunged 886 points on Thursday, tracking heavy losses in index heavyweights Reliance Industries, HDFC twins, Infosys and ICICI Bank amid a selloff in global markets.

Crude prices inch higher on US stockpile drop, but bleak outlook caps gains as virus pandemic crushes fuel demand
Business

Crude prices inch higher on US stockpile drop, but bleak outlook caps gains as virus pandemic crushes fuel demand

A drop in US crude inventories provided some support to prices early in the trading session,

Gold holds steady ahead of US Federal Reserve Chairman Jerome Powell's speech
Business

Gold holds steady ahead of US Federal Reserve Chairman Jerome Powell's speech

Gold held steady on Wednesday as market participants stayed away from making big bets ahead of a speech by Federal Reserve Chairman Jerome Powell amid rising speculation the United States could one day adopt negative interest rates

Fed leaves interest rates near zero; vows to use 'full range' of tools to help economy sinking to its worst crisis since 1930s
Business

Fed leaves interest rates near zero; vows to use 'full range' of tools to help economy sinking to its worst crisis since 1930s

In its statement, the Fed also raised concerns about slowing inflation, which is likely to sink further below its 2 percent target level in the coming months.

Fed, Bank of England ramp up emergency responses to escalating coronavirus recession; push deeper into uncharted territory
Business

Fed, Bank of England ramp up emergency responses to escalating coronavirus recession; push deeper into uncharted territory

The Fed, in its boldest move to date to soften the historic shutdown of much of the US economy, pledged $2.3 trillion to help local governments on the front lines of the health crisis and to prop up small and mid-sized businesses.

Coronaviorus Outbreak: US Fed's economic rescue plan may shape global economy for decades to come
Business

Coronaviorus Outbreak: US Fed's economic rescue plan may shape global economy for decades to come

US Federal Reserve officials launched an economic rescue plan in record time last month as the coronavirus pandemic spread, reaching decisions that may shape the global economy for decades to come in the space of a few frantic weeks

Stock Market Latest Updates: RBI rate cut fails to cheer market; Sensex falls 131 points, Nifty holds 8,600-level after three-session rally
Business

Stock Market Latest Updates: RBI rate cut fails to cheer market; Sensex falls 131 points, Nifty holds 8,600-level after three-session rally

Stock Market LIVE Updates: Sensex jumps over 1,100 points, Nifty above 9,000-level; Rupee surges ahead of RBI governor's presser at 10 AM

Fed balance sheet tops $5 trillion for first time as it enters coronavirus war mode
Business

Fed balance sheet tops $5 trillion for first time as it enters coronavirus war mode

The Fed’s total balance sheet size exploded by more than half a trillion dollars in a single week, roughly twice the pace of the next-largest weekly expansion in the financial crisis in October 2008.

Big US banks halt stock buybacks, use capital to lend citing customer needs during coronavirus
Business

Big US banks halt stock buybacks, use capital to lend citing customer needs during coronavirus

The decision follows pressure from some US lawmakers, who last week urged big banks to stop using funds to repurchase shares and instead support customers and the broader economy.

Fed slashes rates; global central banks coordinate to cushion world economy from coronavirus blow
Business

Fed slashes rates; global central banks coordinate to cushion world economy from coronavirus blow

In a news conference, Federal Reserve chairman Jerome Powell said the epidemic was having a “profound” impact on the economy, forcing whole industries like travel and leisure offline.

Market opens in red: Sensex slips 115 points to 38,509, Nifty below 11,300-mark; IndusInd, Tata Steel among major losers
Business

Market opens in red: Sensex slips 115 points to 38,509, Nifty below 11,300-mark; IndusInd, Tata Steel among major losers

Sensex was trading 47.12 points, or 0.12 percent, lower at 38,576.58, and the NSE Nifty slipped 10.20 points, or 0.09 percent, to 11,293.10

Fed rate cut helps fuel day of swings in stocks and assets, then spooks coronavirus-weary investors
Business

Fed rate cut helps fuel day of swings in stocks and assets, then spooks coronavirus-weary investors

The Fed’s move was the first unscheduled rate cut since October 2008, when the central bank reacted to a contraction in the economy that had begun the previous year

Rupee slips 19 paise to 71.47 against dollar in early trade on weak opening in domestic equities; falling oil prices support local unit
Business

Rupee slips 19 paise to 71.47 against dollar in early trade on weak opening in domestic equities; falling oil prices support local unit

The rupee opened weak at 71.39 at the interbank forex market and then fell further to 71.47, down 19 paise over its last close.

Gold rises to $1,473.04 per ounce as Sino-US trade deal doubts resurface; Donald Trump unlikely to rollback tariffs
Business

Gold rises to $1,473.04 per ounce as Sino-US trade deal doubts resurface; Donald Trump unlikely to rollback tariffs

Spot gold rose 0.2 percent to $1,473.04 per ounce. It had hit the highest level since 7 November at $1,475.40.

Fed cuts interest rates for third time this year to help sustain growth, signals further reductions on hold
Business

Fed cuts interest rates for third time this year to help sustain growth, signals further reductions on hold

The Fed’s new stance also vouched for both the seeming durability of a US economic expansion that is now the longest on record.

Fed policymakers signal they are 'open' to another rate cut after reports of slowing services sector
Business

Fed policymakers signal they are 'open' to another rate cut after reports of slowing services sector

Fed policymakers have said they are on the lookout for any signs that the hit from trade uncertainty and a weakening global economy is no longer confined to the US export and manufacturing sectors.

Fed cuts interest rates by 25 bps amid dissent from three voting members; signals holding pattern for now
Business

Fed cuts interest rates by 25 bps amid dissent from three voting members; signals holding pattern for now

New projections showed Fed policymakers at the median expected rates to stay within the new range through 2020.

US Fed should help defeat Donald Trump in 2020, says former New York Federal Reserve Bank president Bill Dudley
World

US Fed should help defeat Donald Trump in 2020, says former New York Federal Reserve Bank president Bill Dudley

A former top US central banker leapt into the political fray, calling on the Federal Reserve to oppose President Donald Trump's re-election effort next year.

Gold futures jump nearly 25% to Rs 39,196 per 10 gram, silver at three-year high in early trade on global cues
Business

Gold futures jump nearly 25% to Rs 39,196 per 10 gram, silver at three-year high in early trade on global cues

On Friday, gold prices rose Rs 25 to reach a record high of Rs 38,995 per 10 gram in the national capital continuing its record-setting trend for the fourth consecutive day amid a weaker rupee.