Instead, he will instead resign about two weeks early.... By doing so, he will miss what would have been his final meeting, scheduled for Jan.... Rosengren invested in an investment fund that held mortgage-backed securities, similar to what the Fed has bought to try to hold down long-term rates....

Meanwhile, health and financials led the gainers by rising 0.34 percent and 0.20 percent, respectively. Economic data on Tuesday were mixed.... Meanwhile, Reddit stock popped more than 12 percent on Tuesday and has rallied more than 30 percent since its initial public offering last Thursday.... Trump Media Technology Group, fresh from a merger with a cash-rich shell company, also surged on its first trading day....

NEW YORK: Federal Reserve( Fed) policymakers are publicly debating whether to withdraw support for the US economy more quickly to deal with surging inflation, with one of the central bank’s most influential officials signalling last Friday that the idea will be on the table at the Fed’s next meeting.It was just this month that the Fed decided the economy was strong enough to begin to trim its US$ 120bil( RM502bil) in monthly asset purchases, put in place earlier in the pandemic to push down on b

WASHINGTON: Federal Reserve Chair Jerome Powell says the central bank is not growing more tolerant of higher inflation even though the latest policymaker projections raised the inflation outlook for the year without triggering a tougher monetary-policy response. But former Fed officials and other analysts see Powell nevertheless approaching a difficult moment trying to reconcile competing economic risks, a divided group of Fed policymakers, and a public now expecting interest rate cuts to start

By Nakul Iyer( Reuters)-Gold prices hovered near a two-month peak on Tuesday, supported by a softer dollar and U.S. bond yields, as investors awaited key U.S. inflation data to gauge the Federal Reserve's next move on rate hikes. Spot gold was little changed at$ 1, 824.15 per ounce by 0624 GMT, about$ 3 shy off a two-month peak scaled earlier in the session.... U.S. gold futures GCv1 were flat at$ 1, 828.10.A subdued dollar and lower benchmark 10-year Treasury yields kept bullion's appeal intac

It is unclear how much support her nomination would muster from Republicans.At the online political wagering site PredictIt. org, Powell remains the odds-on favourite, at about 68 per cent.... Brainard’s stock trails at 31 per cent.... Regardless of his choice for the top Fed job, Biden will have a chance to shape the rest of the seven-mem-ber board....

NEW YORK: Wall Street stocks soared while U.S. Treasury yields fell on Friday after Federal Reserve Chair Jerome Powell indicated the U.S. central bank could begin scaling back its bond buying program by year-end but did not give a firm timeline. Powell's much-anticipated speech was noncommittal on the precise timing of the Fed's bond tapering, unlike earlier remarks by several regional Fed presidents who wanted tapering to start soon.At the Fed's annual Jackson Hole, Wyoming, conference, Powell

This May 4, 2021 file photo shows the Federal Reserve building in Washington.... When their meeting ends Wednesday, Fed officials are set to keep their short-term benchmark interest rate, which affects many consumer and business loans, near zero.... They are also likely maintain their$ 120 billion in monthly bond purchases, which are intended to hold down long-term loan rates....

The dollar held near a one-year high on Wednesday after U.S. inflation data showed prices rose solidly in September, stoking expectations the Federal Reserve will announce a tapering of stimulus next month, with the potential for rate hikes by mid-2022. The consumer price index rose 0.4% last month, versus a 0.3% rise expected by economists polled by Reuters.... In the 12 months through September, the CPI increased 5.4%, up from a 5.3% year-on-year advance in August. Excluding the volatile food

Federal Reserve governor Lael Brainard, the White House nominee to serve as the central bank’s No.... 2 official, is set to tell Congress that efforts to reduce inflation are the central bank’s “ most important task." Ms.... “ But inflation is too high, and working people around the country are concerned about how far their paychecks will go," she says....