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Higher rates could dent demand for non-interest paying bullion, while boosting the dollar. Prices jumped as much as 1.3 per cent to $US1,133.93, the highest since September 3.

At her news conference, Yellen stressed that even after the first increase from zero, interest rate policy will be “highly accommodative for quite some time”. The two-year Treasury note, which would be more heavily impacted by higher short-term interest rates, had an...

In a statement it issued after its meeting ended, the Fed said that while the USA job market is solid, global pressures may “restrain economic activity” and further slow inflation.

Last night the US Federal Reserve held interest rates at near zero, with comments from chairman Janet Yellen pointing to worries over economic growth, low inflation and global turmoil. She also said that downward pressure on inflation from lower oil prices and the strong dollar...

The gauge gained 0.4 per cent to 3,098.29 at the 11:30 a.m. local- time break in volumes 47 per cent below the 30-day average.

In a clear reference to the recent turmoil provoked by the downturn in the Chinese economy, the Fed noted that it is “monitoring developments overseas “, even as it said that the risks facing the U.S. economy are still “nearly balanced”. The reason: Unlike...

The U.S. Federal Reserve on Thursday kept its benchmark interest rate unchanged, saying the rising uncertainty overseas and low inflation were the key reasons behind the decision. “China is a concern, and oil prices look set to take another leg lower“.

The Federal Reserve’s decision on Thursday to keep short-term rates steady sparked the latest round of selling. “What struck me about [the Fed’s statement] was the reference to what was going on globally”.

“For emerging-market central bankers, the Fed has given them some much-needed breathing room”, Jonathan Lewis, a principal at New York-based Samson Capital Advisors LLC, said.

Following the conclusion of a closely watched meeting, the Federal Reserve is keeping interest rates at record lows, citing a weak global economy, low inflation and instability in financial markets, APA reports quoting Reuters.

The USA dollar traded a touch higher against major world currencies, with the euro below $1.14 and the yen at 119.8 yen against the greenback. Investors are concerned with when the interest rate hike could come, as it will be the first in almost a decade following the Great...

The dollar extended its losses against other major currencies on Friday, underscoring investors’ wariness over weakness in the global economy and markets given the Federal Reserve’s decision to keep interest rates unchanged. “Unequivocally, the Fed was on the...

Walker also pledged to do away with unions for federal workers.

BANK OF JAPAN: Japan’s central bank decided to not change its policy calling for 80 trillion yen ($666 billion) in annual asset purchases by the central bank, to help spur inflation and stimulate growth. But Kuroda did not give any clue on the possibility of further easing,...

The yuan versus the US dollar has substantially depreciated since August, and China still maintains a large trade surplus and its economic fundamentals are still sound, he said. The nation has stepped up monitoring of the currency market and there are no massive capital outflows...