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Business
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Economy
3/20/2024 9:16:05 PM
The US Federal Reserve voted Wednesday to hold interest rates at a 23-year high for a fifth consecutive meeting, while signaling it still expects to make three cuts this year.
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Business
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Economy
3/18/2024 10:36:03 PM
Across the United States, many people are eagerly anticipating the Federal Reserve's first cut to its benchmark interest rate this year: Prospective home buyers hope for lower mortgage rates. Wall Street traders envision higher stock prices. Consumers are looking for a break on credit card debt at record-high interest rates.
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Business
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Economy
3/11/2024 9:55:04 PM
Bitcoin raced to an all-time peak above $72,000 Monday as the world's most popular cryptocurrency won further support on greater trading accessibility and dollar weakness.
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Business
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Economy
3/6/2024 9:36:10 PM
The US Federal Reserve's progress in bringing down inflation is "not assured," the chairman said Wednesday on the first of two days of hearings in Congress.
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Business
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Markets & Companies
3/5/2024 5:32:15 PM
The price of gold on Tuesday struck an all-time pinnacle, boosted by its haven status ahead of expected cuts to US interest rates amid growing economic gloom.
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Business
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Economy
1/16/2024 9:42:46 PM
The US Federal Reserve is "within striking distance" of reaching its long-term inflation target and could begin cutting interest rates this year, a senior official said Tuesday.
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Business
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Economy
1/11/2024 10:36:34 PM
Wall Street is slipping Thursday after a warmer-than-expected report on inflation forced some investors to push back forecasts for when the Federal Reserve could deliver long-sought cuts to interest rates.
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Business
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Economy
12/20/2023 7:00:00 PM
The Monetary Policy Committee (MPC) of the Central Bank of Egypt (CBE) is scheduled to convene on Thursday in its final meeting for 2023 amid mixed expectations of either raising or maintaining the current key interest rates.
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Business
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Economy
12/20/2023 1:52:10 PM
The attack against ships in the Red Sea and speculation regarding potential interest rate cuts by the Federal Reserve pushed oil prices higher after reaching the lowest level in six months, according to Kamco Invest’s Oil Market Monthly Report released on Wednesday.
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Business
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Energy
12/18/2023 10:52:42 PM
Oil prices shot up three percent Monday as more companies suspended shipping through the Red Sea following attacks on vessels by Yemen's Iran-backed Houthi rebels.
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Business
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Economy
12/5/2023 8:23:06 PM
Gold prices experienced a slight decline on Tuesday, trading $100 below the previous session's record high, as investors are eagerly awaiting upcoming US economic data, which could potentially impact the Federal Reserve's rate outlook.
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Business
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Markets & Companies
12/4/2023 3:25:35 PM
Gold hit a record high on Monday as growing optimism that the Federal Reserve will cut US interest rates in 2024 has dented the dollar in recent weeks.
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Business
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Economy
11/27/2023 9:51:44 AM
Asian markets dipped Monday as investors look ahead to the release this week of key US inflation data that could provide a guide for the Federal Reserve's plans for interest rates going into the new year.
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Business
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Energy
11/22/2023 7:42:27 PM
Oil prices slumped Wednesday as traders took a delay to an OPEC+ summit meeting as a sign of possible discord, while European and US stocks rose on hopes of an end to the US Federal Reserve's interest rate-hiking cycle.
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World
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International
11/1/2023 10:39:02 PM
The US Federal Reserve kept its key short-term interest rate unchanged Wednesday for a second straight time, but left the door open to further rate hikes if inflation pressures should accelerate in the months ahead.
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Business
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Economy
10/21/2023 1:49:53 PM
The US Federal Reserve warned Friday that the war in Gaza and the ongoing Ukraine conflict could cause harm to the world economy and boost global inflation.
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Business
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Economy
10/19/2023 10:13:02 PM
US inflation is "still too high" despite a recent slowdown, Federal Reserve Chair Jerome Powell said Thursday, leaving the door open for a new interest rate hike.
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Business
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Economy
9/26/2023 12:46:34 PM
Markets fell further Tuesday as investors grew increasingly fearful about another possible US interest rate hike and the prospect they will be kept elevated for some time to combat persistent inflation.
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Business
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Economy
9/20/2023 7:53:59 PM
The Federal Reserve is set to leave its key interest rate unchanged Wednesday as it seeks to guide the US economy toward a “soft landing" of cooling inflation without triggering a deep recession.
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Business
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Markets & Companies
9/20/2023 3:58:51 PM
Wall Street ticked higher early Wednesday ahead of a decision on interest rates by the Federal Reserve.
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