The Latest Breaking News from US Federal Reserve

Dollar set for biggest weekly drop since April after jobs data lowers Fed hike bets

The US dollar is experiencing its biggest weekly loss in 12 weeks, driven by weaker-than-expected US jobs data that has dampened expectations for an imminent Federal Reserve rate hike. This has provided a significant boost to the Japanese yen, which has recovered from historic lows, though market participants remain wary…

The Economic Times · Jul 4

Gold heads for weekly gain as weak US jobs data tempers rate hike bets

Gold prices surged on Friday, poised for a weekly gain after a disappointing U.S. jobs report significantly lowered expectations for an imminent Federal Reserve interest rate hike. This development makes non-yielding assets like gold more attractive. The U.S. dollar also weakened, further boosting gold's appeal for international buyers. Central banks…

The Economic Times · Jul 4

Global stocks mostly rise as beaten-down tech enjoys bounce

Asian and European stock markets surged Friday, buoyed by a rebound in tech shares and diminished expectations of imminent US interest rate hikes. A weaker-than-anticipated US jobs report eased concerns about aggressive Fed tightening, prompting a recovery in the yen and boosting global investor sentiment. This shift provided a welcome…

The Economic Times · Jul 4

Global stocks: UAE markets end higher; IHC gains on India aluminium venture

UAE stock exchanges enjoyed a remarkable jump on Friday, paralleling an upswing in global indices after a lackluster U.S. jobs report eased anxiety over Federal Reserve interest rate hikes. Dubai's index surged 1.1%, primarily driven by the strength of its financial and industrial sectors, whereas Abu Dhabi's benchmark climbed 0.9%.…

The Economic Times · Jul 3

Trump is already causing a headache for his new Fed chairman, saying the central bank's board is 'hostile' and 'doing the wrong thing'

Trump claimed the board is "a little hostile" toward new Fed Chairman Warsh.

Fortune · Jul 3

Inside the mind of Kevin Warsh: As told by his former boss Condoleezza Rice, his college friend, and his closest partner during the financial crisis

"Kevin's one of those people who demands more of himself than others could ever," Condoleezza Rice exclusively tells Fortune.

Fortune · Jul 3

Global Market: Australian shares log best week in 3 as Fed-hike bets cool; banks, miners lead

Indian investors found a reason to cheer as Australian shares posted their strongest week in three, driven by a global surge in commodity and financial stocks. Softer U.S. jobs data has eased concerns about further interest rate hikes by the Federal Reserve, boosting market sentiment. Miners and banks, key components…

The Economic Times · Jul 3

Trump Wants the US Economy Growing at Over 12% and Says the Fed Keeps Trying To 'Kill It' With Higher Rates

President Donald Trump has advocated for more flexibility in the Federal Reserve’s approach to interest rates and economic growth.

Benzinga · Jul 3

AI fatigue takes centre stage as Fed fears ease: Ed Yardeni

Market strategist Ed Yardeni suggests corporate earnings, geopolitical stability, and the evolving AI trade are now overshadowing the Federal Reserve's influence on equities. Investors have largely adjusted to higher interest rates, with inflation easing and the economy showing resilience. Yardeni notes "AI fatigue" is leading to sector rotation, but believes…

The Economic Times · Jul 3

Muthoot Finance, Manappuram Finance, other stocks rise up to 5% as gold prices hit Rs 1.48 lakh/10 grams

Gold prices surged past Rs 1.48 lakh per 10 grams on Friday, propelling shares of gold financiers like Muthoot Finance and Manappuram Finance up by as much as 5%. This rally was triggered by weaker-than-expected US jobs data, which cooled inflation concerns and reduced expectations of an imminent interest rate…

The Economic Times · Jul 3