Gold held steady near a two-week high early on Wednesday, with the prospect of an early U.S. interest rate hike apparently dimming following dovish comments by Federal Reserve chair Janet Yellen earlier this week.
Asian shares held near six-week highs on Wednesday, on a brightening outlook in the energy sector and hopes that the U.S. Federal Reserve will not raise interest rates in the coming months after a disappointingly weak U.S. jo
Federal Reserve Chair Janet Yellen is signaling her belief that the U.S. economy is improving but remains defined by so many uncertainties that it's unclear when the Fed should resume raising interest rates.
The Federal Reserve should raise interest rates "in the coming months" if the economy picks up as expected and jobs continue to be generated, U.S. central bank chief Janet Yellen said on Friday, bolstering the case for a rate
Asian shares gained on Wednesday, taking cues from sharp gains in European and U.S. financial shares while the dollar was underpinned as investors count on the U.S. Federal Reserve to hike U.S. interest rates in coming months
St. Louis Federal Reserve President James Bullard said on Monday that keeping U.S. interest rates too low for too long could feed into future financial instability, although financial instability is not a big concern now.
U.S. Federal Reserve policymakers are expected to hold interest rates steady when they meet this week, but may tweak their description of the economic outlook to reflect more benign conditions, leaving the path open for futur
Asian shares gained early on Thursday and the dollar was on the defensive after suffering substantial losses following the U.S. Federal Reserve's move to reduce the number of interest rate hikes planned for this year.
China stocks tumbled again on Wednesday, hitting fresh one-year lows amid signs the recent market rout is triggering margin calls and forced liquidation, threatening yet another vicious downward market spiral.