Latest news with #ChicagoFed
Business Standard
15-07-2025
- Business
- Business Standard
Dollar index near 3-week high ahead of US inflation data
Dollar index near 3-week high ahead of US inflation data The dollar index is losing momentum near a three week high on Tuesday ahead of US Consumer Price Index (CPI) inflation data, which is due later today. Moreover, Chicago Fed President Austan Goolsbee said that fresh tariffs unveiled by Trump have further muddied the inflation outlook, making it more difficult for him to support the rate cuts that the President has pressed for. The index is staying near firm levels amid safe-haven demand after US President Donald Trump threatened 100% Russia tariffs. Trump late Monday threatened to impose 100% tariffs on Russia if President Vladimir Putin does not agree to a deal to end his invasion of Ukraine in 50 days. The dollar index is quoting at 97.63, down 0.14% on the day.
Bloomberg
01-07-2025
- Business
- Bloomberg
Anna Paulson Takes Reins as President of Philadelphia Fed
Anna Paulson takes over Tuesday as the first female president of the Federal Reserve Bank of Philadelphia, after over two decades on the staff of the Chicago Fed. In a written message, Paulson highlighted a 'deep pride and commitment' to the central bank's mission, adding she will initially focus on 'listening, learning, and building relationships' at the bank and across her district.
Yahoo
26-06-2025
- Business
- Yahoo
Markets Teeter Near Record Highs
Stocks quietly climbed Thursday, with the S&P 500 up about 0.6%just 15 points shy of its all-time highwhile the Dow and Nasdaq each rose roughly 0.7%. Short-dated Treasuries led the bond rally, sending the 2-year yield down to 3.74% and the 10-year to 4.27%. Even the curve from the 5-to 30-year spiked to 101 basis points, its steepest since 2021. On the data front, Q1 GDP was nudged down to 0.5%, yet durable-goods orders unexpectedly jumped in May and initial jobless claims dropped by 10,000. The Chicago Fed's activity gauge ticked up, corporate profits were slightly revised, wholesale inventories dipped, and retail stockpiles (ex-autos) inched higher. With markets flirting with fresh highs, traders are hunting for clues on Fed policy, growth momentum, and which sectors to favorenergy led this rally, while real estate lagged. Now, everyone's eyeing the Senate's tax bill, upcoming Fed testimony, and July's economic calendar to see if the S&P can finally reclaim its record territory. This article first appeared on GuruFocus.
CNBC
26-06-2025
- Business
- CNBC
Chicago Fed President Austan Goolsbee: It's important to get clarity on impact of tariffs
CNBC's Steve Liesman and Chicago Fed President Austan Goolsbee join 'Squawk Box' to discuss the state of the economy, the Fed's inflation fight, impact of tariff uncertainty, rate path outlook, and more.
Business Standard
24-06-2025
- Business
- Business Standard
INR posts steep gains to recover near 86/$ mark
The Indian rupee recovered from record low level and closed with a steep gain of 75 paise at 86.03 (provisional) against the US dollar as global crude oil prices went down following hopes of deescalation in Middle East tensions. Brent crude, the global oil benchmark, plummeted 3.6 per cent under USD 69 per barrel in futures trade as US President Donald Trump announced that Iran and Israel agreed to a ceasefire. A weak greenback and positive sentiments in the domestic equity markets further boosted the local unit. The dollar index fell to a one-week low as risk sentiment improved after President Trumps announced that a ceasefire has been agreed upon between Iran and Israel, reducing appeal for the safe haven currency. Moreover, Fed Governor Bowman and Chicago Fed President Goolsbee said they favored a Fed rate cut at next months FOMC meeting weighing on the greenback. Meanwhile, Indian shares ended off their day's highs on Tuesday as Israel accused Iran of breaching the ceasefire, just hours after it was announced by U.S. President Donald Trump earlier. The benchmark 30-share BSE Sensex hit a high of 83,018 earlier before giving up much gains to end the session up 158.32 points, or 0.19 percent, at 82,055.11. The broader NSE Nifty index closed up 72.45 points, or 0.29 percent, at 25,044.35 after having surged to 25,317 earlier in the session. On the NSE, USDINR futures ended lower by 0.85% at 86.05.
