Federal Reserve officials are about to get further confirmation that inflation progress has stalled, supporting what appears to be a shift in tone to keep interest rates higher for longer than previously anticipated. Policymakers’ preferred inflation gauge – the personal consumption expenditures price index – probably stayed elevated in March, according to data due in … Read more
Gold prices climbed on Thursday as concerns about the Middle East war extending to other regions boosted demand for the safe-haven metal. FUNDAMENTALS * Spot gold was up 0.4% at $2,369.93 per ounce, as of 0107 GMT. U.S. gold futures dipped 0.1% to $2,385.10 per ounce. * Israel will make its own decisions about how … Read more
SINGAPORE – Asian stocks fell and the dollar climbed to more than five-month highs on Tuesday as stronger-than-expected U.S. retail sales for March further reinforced expectations that the Federal Reserve is unlikely to be in a rush to cut interest rates this year. Rising geopolitical tensions kept risk sentiment in check, lifting prices of gold … Read more
WASHINGTON: Consumer sentiment about the U.S. economy has ticked down but remains near a recent high, with Americans’ outlook largely unchanged this year. The University of Michigan’s consumer sentiment index, released Friday in a preliminary version, slipped to 77.9 this month, down from March’s figure of 79.4. Sentiment is about halfway between its all-time low, … Read more
Gold prices hit yet another lifetime high in Friday’s opening trade after softer US PPI inflation data lifted sentiments for bullion on the Street. The new peaks were scaled notwithstanding a firmer dollar index (DXY) which has shot up over 105, gaining over 1% in the last five trading sessions. Gold prices in India took … Read more
The number of Americans filing new claims for unemployment benefits fell more than expected last week, suggesting that the labor market remained fairly tight, though it could be taking longer for some laid off workers to land new jobs. Initial claims for state unemployment benefits dropped 11,000 to a seasonally adjusted 211,000 for the week … Read more
4/10: CBS Evening News – CBS News Watch CBS News Gulf Coast hit with tornadoes and flooding; Rosie the Riveters honored with Congressional Gold Medal Be the first to know Get browser notifications for breaking news, live events, and exclusive reporting. Not Now Turn On FOLLOW US ON GOOGLE NEWS Read original article here Denial … Read more
New York: US stocks fell Wednesday on worries that what seemed like a blip in the battle to bring down inflation is turning into a trend. The S&P 500 was 1.2% lower in a wipeout where nine out of 10 stocks in the index fell. The Dow Jones Industrial Average was down 514 points, or … Read more
Gold and silver prices hit new lifetime highs in the opening trade on Monday continuing their dream run on the Street. Gold contracts on MCX hit a life high of Rs 71,080 per 10 grams jumping Rs 440 or 0.62%. Meanwhile, silver futures scaled a new peak of Rs 82,064. It was trading at Rs … Read more
WASHINGTON – Ever since the Federal Reserve signaled last fall that it was likely done raising interest rates, Wall Street traders, economists, car buyers, would-be homeowners – pretty much everyone – began obsessing over a single question: When will the Fed start cutting rates? But now, with the U.S. economy showing surprising vigor, a different … Read more
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