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Federal Reserve Chair Jerome Powell on Monday said the central bank is closely monitoring inflation risks arising from the spike in energy prices due to the Iran war, but cautioned that there is limited scope for policy intervention in such supply-driven shocks.Speaking at Harvard University before nearly 400 students, Powell said energy shocks typically tend…
US Federal Reserve Chair Jerome Powell on Monday said the central bank can look through the energy price shock triggered by the Middle East conflict, but warned it may need to act if rising costs begin to alter inflation expectations, AFP reported.“The tendency is to look through any kind of a supply shock,” Powell said…
Precious metals are likely to remain in a corrective phase in the coming week, with investors expected to closely track developments in the Middle East and a packed calendar of global economic data for fresh cues.Analysts cited by news agency PTI said that speeches by US Federal Reserve Chair Jerome Powell on Monday, along with…
Stock market today (AI image) Stock market crash today: Nifty50 and BSE Sensex crashed in opening trade on Thursday after the US Federal Reserve kept policy rates unchanged. While Nifty50 went below 23,300, BSE Sensex was down over 1,600 points. At 9:16 AM, Nifty50 was trading at 23,277.35, down 500 points or 2.10%. BSE Sensex…
Developments in the ongoing Middle East conflict and the movement in crude oil prices will be the key drivers for Indian equity markets this week, analysts said, with investors also closely tracking the US Federal Reserve’s interest rate decision, inflation data and foreign fund flows after a bruising selloff in Dalal Street.Market participants are bracing…
“Spoon fed” Paul Skenes breaks silence after Bubba Chandler questions Pirates ace’s rapid rise to MLB spotlight (Image via Getty Images) Paul Skenes and Bubba Chandler created a funny moment that quickly caught fans’ attention. The Pittsburgh Pirates teammates were joking about Skenes’ fast rise in Major League Baseball, and Chandler did not hold back…
Federal Reserve governor Lisa Cook on Tuesday (local time) cautioned that artificial intelligence is beginning to reshape the US labour market in ways that could further push unemployment rates higher and limit how effectively the central bank can respond with interest rate cuts.Speaking in remarks for a national association for business economics conference, Cook said,…
Several factors led to the sudden crash in the prices of the precious metals. (AI image) Precious metal prices are expected to remain volatile and witness further consolidation in the coming week as investors track key US economic indicators, including inflation data, GDP readings and signals from the Federal Reserve, analysts said.Traders are also likely…
Quitting a job can feel like escaping a bad date – awkward, overdue, and deserving of some flair. But when the boss is a micromanager, colleagues are backstabbers, or the coffee’s undrinkable, why not bow out with sarcasm? So, if you too are planning to call it quits at work, then here’s a look at…
(Photo credit: Instagram and Agencies) Kevin Warsh is President Donald Trump’s pick to be the next chairman of the US Federal Reserve. He is expected to succeed the current Fed chief Jerome Powell in May this year. Powell has been at the receiving end of Trump’s wrath for several months, with repeated verbal attacks for…
