Tag: Powell
Fed pivot bolsters world stocks, China shares at highest since 2022
LONDON/SYDNEY — Expectations of a resumption soon in US interest rate cuts bolstered world stocks on Monday, with shares in Asia rising to multi-year...
Dollar struggles to recover from Powell’s dovish surprise
TOKYO — The US dollar attempted on Monday to pull itself up from a four-week low on the euro after a dovish pivot from...
Gold inches down from two-week high on dollar strength
Gold ticked down on Monday as the dollar firmed, easing from a two-week high hit in the previous session after comments from US Federal...
Dollar tumbles as Powell signals possible September rate cut
NEW YORK — The dollar dropped broadly on Friday after Federal Reserve Chair Jerome Powell pointed to a possible rate cut at the central...
TREASURIES-US yields plummet as Fed’s Powell opens door to September rate cut
NEW YORK — US Treasury yields sank on Friday after Federal Reserve Chair Jerome Powell alluded to a possible interest rate cut at the...
