Powell Signals Potential Rate Cuts Pending Inflation ControlFederal Reserve Chair Jerome Powell stated on Wednesday that while the Fed anticipates reducing its key interest rate within the year, it seeks further proof of inflation steadily reverting to its 2% goal before taking action. His remarks to a House committee were consistent with his previous comments at a January 31 news conference. Nevertheless, […] READ MORE Gold Hits Record High: What's Next for the Bullion Market?Gold’s rise to a record high this week has left some analysts scratching their heads, wondering how much higher it can possibly climb. The unexpected 5% spike in gold prices over the last four trading days, culminating in surpassing the previous December peak, can be attributed to a cocktail of weak US economic data and […] READ MORE Major Win for Consumers: Credit Card Late Fees Reduced by CFPB RulingUnder new regulations introduced by the Joe Biden administration, millions of Americans will see a reduction in credit card fees. The White House announced that the Consumer Financial Protection Bureau (CFPB) has completed a ruling that significantly lowers the standard credit card late fee from an average of $32 down to $8. This move aims […] READ MORE Gold's Unprecedented Surge in an Everything RallyIn the midst of a global “everything rally,” where asset classes across the board—from U.S. to Japanese and German stocks, alongside bitcoin—are reaching record highs, gold’s unprecedented climb stands out for several reasons. Despite the typical pattern of rising prices attracting speculative interest, gold ETF holdings have surprisingly declined even as its price surged, a […] READ MORE ADP Reports Slight Miss in Private Sector Job Growth for FebruaryIn February, private sector employment experienced a modest uptick with 140,000 new jobs added, slightly under the anticipated 150,000, according to ADP. This growth represents an improvement from January’s revised figure of 111,000. The leisure and hospitality sector was the leading contributor, adding 41,000 jobs, followed by construction with 28,000, and trade, transportation, and utilities […] READ MORE Fed Chair Powell Stresses Patience on Rate Cuts Amid Inflation BattleFederal Reserve Chair Jerome Powell emphasized to lawmakers that the Fed is cautious about reducing interest rates prematurely, insisting on solid evidence of inflation control before making any moves. In his testimony, Powell suggested that while it might be suitable to decrease borrowing costs at some point this year, the Federal Reserve is not prepared […] READ MORE Gold Price Hovers at Record Peaks: Eyes Set on Fed's Powell for Rate Cut HintsGold prices edged higher on Wednesday, lingering near the record highs set in the previous session, with investors eagerly awaiting Federal Reserve Chair Jerome Powell’s upcoming testimony for indications of a possible interest rate cut in June. Spot gold rose by 0.3% to $2,132.80 per ounce by midday, just shy of its historic peak of […] READ MORE Commercial Real Estate Concerns Lead to Higher Borrowing Costs for BanksBond investors are increasingly wary of banks heavily involved in commercial real estate, leading to wider spreads on these banks’ bonds as concerns grow over the impact of property debt on the financial system. Barclays Plc analysts, led by Dominique Toublan, have observed that banks with significant commercial property investments face higher costs of borrowing […] READ MORE UAE Aims for Gold Standard in Online Trading TransparencyThe United Arab Emirates is advancing efforts to enhance transparency and ethical practices in gold transactions, especially those conducted through online platforms. This initiative, led by the World Gold Council (WGC), aims to empower consumers with the knowledge needed to make informed purchases and to ensure the credibility of selling entities. READ MORE « Previous 1 … 23 24 25 26 27 … 64 Next »
