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Jerome Powell

Jerome Powell latest

The Fed lowered its short-term lending rate to between 1.5% and 1.75% from 1.75% to 2%, citing a "moderate rate" of economic growth.
October 31st, 2019 - 06:59 GMT

US: Fed Reserve Lowers Interest Rates for a Third Time This Year

The Federal Reserve decided Wednesday to lower its benchmark interest rate by a quarter point for a third time this year, but indicated future cuts will likely be halted barring a deterioration in economic conditions. {"preview_thumbnail":"https://cdn.flowplayer.com/6684a05f-6468-4ecd-87d5-a748773282a3/i/v-i-c…","video_id":"cfa14622-73ab-415f-913f-905eb942a0b9","player_id":"8ca46225-42a2-4245-9c20-7850ae937431","provider":"flowplayer","video":"Top 10 Cities to Travel to in 2020"} The Fed lowered its short-term lending rate to between 1.5% and 1.75% from 1.75% to 2%, citing a "moderate rate" of economic growth. Jerome Powell, the Fed ...
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If the economy does turn down, then a more extensive sequence of rate cuts could be appropriate
September 19th, 2019 - 12:30 GMT

US Federal Reserve Cut Interest Rates Again

The economy is crucial to any president seeking a second term, but few have wrapped themselves in the issue as tightly as Trump.
September 1st, 2019 - 09:02 GMT

Poll: Majority Think US Economy Is Getting Worse, Red Flag for Trump

Over the week, WTI lost 1.3%, while Brent rose 1.2%.
August 26th, 2019 - 08:36 GMT

Oil Prices Plummet After China Unveils Retaliatory Tariffs Against US

Trump acted hours after Beijing said it would hike tariffs on $75 billion in US imports, a move that some economists fear could tip a fragile global economy into recession.
August 24th, 2019 - 08:49 GMT

Trump Raises Retaliatory Tariffs on Chinese Goods as Trade War Escalates

The Shanghai Composite Index lost 0.5 points to 2,880.52 and Tokyo’s Nikkei 225 shed 0.4% to 20,603.43. Hong Kong’s Hang Seng inched up 0.1% to 26,260.52.
August 21st, 2019 - 09:25 GMT

Asian Stock Markets Follow Wall Street Lower Prior to US Fed Release

All eyes will be on escalating trade rhetoric in the week ahead as investors try to work out whether a series of tit-for-tat responses between the U.S. and China will end in negotiations or an all-out trade war. (Shutterstock)
April 9th, 2018 - 08:23 GMT

US-China Trade Wars: Top 5 Things to Watch in Global Markets This Week

The dollar on Wednesday rose to its strongest level in more than five weeks. (File photo)
February 28th, 2018 - 02:32 GMT

Dollar at Five-Week High: 5 Things to Know in Global Markets Today

Gold prices edged higher on Wednesday, as investors looked ahead to the Federal Reserve's policy meeting, the last under the leadership of Janet Yellen. (Shutterstock)
January 31st, 2018 - 01:16 GMT

Gold Prices Rise Ahead of US Fed's Policy Meeting

From a monetary policy perspective, 2017 was a year in which central banks around the globe shifted, almost in synchronized step. Here's an outlook for 2018. (Shutterstock)
January 8th, 2018 - 12:00 GMT

Where Major Central Banks Are Likely Headed in 2018: Overview

Saudi Crown Prince Mohammed Bin Salman this week launched an anti-corruption probe that resulted in the arrest of key business people, including Prince Alwaleed bin Talal. (AFP/ File)
November 6th, 2017 - 03:05 GMT

Podcast: Saudi Corruption Probe, New Fed Chief and Other Stories This Week

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