Tag: FED

US Fed chair Jerome Powell hints at the tapering of easy money policy by year-end

By Administrator_ India Capital Sands The Federal Reserve will start dialing back its ultra-low-rate policies this year as long as hiring continues to improve, Chair Jerome Powell said Friday, signaling the beginning of the end of the Feds extraordinary response to the pandemic recession. The Fed’s move could lead, over time, to somewhat higher borrowing costs for mortgages, credit cards, […]

Gold prices slip to over 4-month low on early US Fed tapering fears

By Administrator_ India Capital Sands Gold slipped to a more than four-month low on Monday as solid U.S. jobs data stoked concerns of a sooner-than-expected interest rate hike, which could increase the opportunity cost of holding non-interest-bearing bullion. Spot gold fell 1.1% to $1,744.25 per ounce by 0616 GMT. In early Asia trade, prices slumped as much as 4.4% to $1,684.37, their lowest […]

Fed to shutter pandemic support asset purchases by end-2022

By Administrator_ India Capital Sands The Federal Reserve will shutter its asset purchases program by the end-2022, according to a Reuters poll, with a few more economists now predicting a rate hike as early as next year, but they pegged new COVID-19 variants as the biggest economic risk. However, Fed chair Jerome Powell said on Wednesday withdrawing monetary policy support […]

Dollar holds near two-week high, U.S. jobs data eyed for Fed clues

By Administrator_ India Capital Sands The dollar hovered below a two-week high on Thursday, consolidating ahead of a key U.S. jobs report that may provide clues on when the Federal Reserve will dial back monetary stimulus. The greenback has rebounded from a one-month low over the past week, swung by U.S. economic data that has largely supported the case for […]