Gold prices moved higher on Thursday as investors waited for new US inflation data. Spot gold rose 0.4% to $4,418.87 an ounce at 02:40 ET (06:40 GMT). Gold futures also rose 0.03% to $4,461.82 an ounce. Gold prices remain near $4,400 as investors await US inflation data and Fed rate signals. (Representational image) Investors are … Read more
Bitcoin jumped sharply after the US Treasury announced a major increase in its bond buyback operations. BTC rose about 6% after the announcement, while the broader crypto market also moved higher. The move came as investors saw the Treasury action as a fresh liquidity signal for financial markets. Bitcoin rises after the US Treasury doubles … Read more
WASHINGTON — The Federal Reserve kept its key interest rate unchanged on Wednesday despite persistently high inflation and soaring energy prices due to the Iran war. Fed keeps rates on hold, but three dissent, Warsh praises ‘good family fight’ After two days of deliberation, the Federal Reserve’s interest rate setting committee made a decision with … Read more
Even after a ceasefire was announced in June, fighting in the Middle East has resumed, with new attacks and U.S. President Donald Trump reimposing a naval blockade. The new tensions have raised concerns that oil supplies through the Strait of Hormuz, one of the world’s most important oil routes, could be disrupted. Tensions in the … Read more
A report from the Commerce Department showed that the Fed’s favorite inflation report showed that price pressures in the economy remained strong, making it harder for the central bank to cut interest rates quickly. Core PCE inflation, which strips out food and energy prices because they can move up and down quickly, increased 0.3% for … Read more
Americans are likely to see higher prices for everyday necessities, including milk, bread, meat, gasoline, rent and housing, utilities, health care and insurance. Inflation has been rising for months since tensions over the Iran war disrupted supply chains and fuel markets. The U.S. inflation report is expected to show consumer prices rose again in May, … Read more
The Federal Reserve said on Wednesday that U.S. prices have grown at a “moderate to strong pace” in recent weeks, largely due to soaring energy costs caused by the war with Iran. Fed says Iran war boosts inflation ‘moderate to strong’ In its Beige Book survey of U.S. economic conditions, the Fed said, “Regions pointed … Read more
Rahul Gandhi Criticizes Centre, warns of sharp rise in commercial LPG prices by Rs 993 in single day inflation The wider impact on small businesses, households and potential fuel price increases. noida international airport Jewar-based IndiGo will start commercial operations on June 15 with IndiGo’s maiden flight, aiming to boost connectivity, cargo and economic growth … Read more
New Delhi: Leader of Opposition in Lok Sabha Rahul Gandhi The Center on Friday launched a blistering attack on rising inflation, marking a sharp rise in commercial LPG cylinder prices, including a single-day jump of Rs 993.this congressional leaders said he had earlier warned that inflationary pressures would rise after the polls and pointed to … Read more
U.S. President Donald Trump’s pick to lead the Federal Reserve, Kevin Warsh, will stress his commitment to the central bank’s interest rate independence during a key confirmation hearing on Tuesday, according to prepared remarks seen by AFP. Trump’s pick for Fed chief to swear rate independence at key hearing “I am committed to ensuring that … Read more