Pound soars to 29-month high following Fed rate cut signal at Jackson Hole
The British pound surged to its highest level against the US dollar given the Bank of England's less dovish stance compared to that of the…
Markets look ahead: EU inflation data in focus as ECB considers rate move
The Eurozone is set to release its first estimate of inflation for August, offering clues about the ECB's interest rate decision in September. Nvidia's earnings…
Powell’s Fed Rate Cues, Reliance AGM To Bolster Indian Stocks
Breadcrumb Trail LinksPMN BusinessBefore the trading day starts we bring you a digest of the key news and events that are likely to move markets.…
Fed’s Preferred Price Gauge to Reinforce Rate Cuts: Eco Week
Breadcrumb Trail LinksPMN BusinessUS inflation figures in the coming week will reinforce that long-awaited interest-rate cuts are coming soon, while a reading on consumer spending…
Charting the Global Economy: Powell Pivots to September Rate Cut
Breadcrumb Trail LinksPMN BusinessChair Jerome Powell said the time has come for the Federal Reserve to cut its key policy rate, affirming expectations that officials…
Fed Chair Jerome Powell indicates interest rate cuts are coming amid lowered inflation
Federal Reserve Chairman Jerome Powell Friday indicated interest rate cuts are coming amid positive economic data on inflation dropping to an annual rate of 2.5%.…
Fed leader tees up interest rate cuts in search of soft landing
After a near-textbook campaign to rein in inflation by raising interest rates, the head of the Federal Reserve, Jerome H. Powell, all but promised Friday…
Q&A: Ex-St. Louis Fed Chief Bullard On Rate Cuts, Global Economic Tensions
James Bullard, the former president of the Federal Reserve Bank of St. Louis from 2008-2023 and a former member of the Federal Open Market Committee,…