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Federal Reserve’s Jefferson says he considers Powell to be ‘of the highest integrity’
US Federal Reserve Vice Chair Philip Jefferson, responding to the Department of Justice subpoena of Fed Chair Jerome Powell, said on…
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reserves
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Malaysia palm oil reserves seen at six-year high as exports slump
Palm oil stockpiles in Malaysia surged to the highest in more than six years as exports dropped in November, according to a survey.…
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China raised gold reserves by 15 tonnes in September, Goldman says
China added an estimated 15 tonnes of gold to its forex reserves in September as central banks accelerated their purchases of bullion…
Business
Federal Reserve’s Barr says AI will transform economies though outcomes vary
FEDERAL Reserve Governor Michael Barr said although artificial intelligence will transform economies, there are a range of outcomes as to…
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Federal Reserve’s Hammack says inflation a bigger concern than labour market
FEDERAL Reserve Bank of Cleveland President Beth Hammack said monetary policy should continue putting downward pressure on inflation,…
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US Federal Reserve’s Cook warns inflation to stay ‘elevated’ next year
A KEY US central bank official warned on Monday that inflation would likely remain elevated in the coming year as tariffs bite, while…
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US bank reserves fall second week, extend drop below US$3 trillion
The drop comes as the Treasury has ramped up debt issuance to rebuild its cash balance following the increase in the debt ceiling in July…
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Central banks seen holding Bitcoin, gold as key reserves by 2030, Deutsche Bank says
Central banks may hold significant amounts of Bitcoin and gold by 2030, thanks to growing institutional popularity and a weakening US…
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Federal Reserve’s Miran wants aggressive rate cuts but downplays differences with other officials
FEDERAL Reserve Governor Stephen Miran on Friday again pressed for an aggressive path of rate cuts citing the impact of Trump…
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Federal Reserve’s Waller sees rate cuts over next 3-6 months, starting in September
FEDERAL Reserve Governor Christopher Waller on Thursday stepped up his call for cutting short-term US borrowing costs, saying he would…
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Federal Reserve’s Powell asks watchdog to take fresh look at renovation project: Politico
Federal Reserve Chair Jerome Powell has asked the Fed board’s inspector general to take a fresh look at the project aimed at overhauling…
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US Federal Reserve’s Powell says tariff-driven inflation remains a big question
US Federal Reserve chair Jerome Powell on Wednesday (Jun 25) said the US central bank is still struggling to determine the impact of…
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US Federal Reserve’s Daly says employment, inflation risks roughly in balance
Officials see slower economic growth, higher inflation and rising unemployment, and hold divided views on the outlook for interest rates,…
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Malaysia FX reserves at three-year high to aid ringgit stability
Malaysia’s increasing currency reserves are bolstering its defences against market volatility. The country’s net foreign exchange (FX)…
Business
Indonesia reserves drop most in almost two years on rupiah woes
Bank Indonesia has stepped up intervention this year and last month began intervening in the offshore non-deliverable forwards market…
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Indonesia’s foreign reserves hit record high despite rupiah rout
Domestic concerns, such as the fiscal outlook and slowing economic growth amid President Prabowo Subianto’s shuffling of policy…
Business
Hard data shows US economy is solid, but there is fear around tariffs: Federal Reserve’s Goolsbee
CHICAGO Federal Reserve Bank President Austan Goolsbee on Tuesday said while the “hard” data show the underlying US economy is solid, the…
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Gold edges higher in holiday trade; eyes on US Federal Reserve’s 2025 plan
GOLD inched higher on Thursday (Dec 26) in holiday-thinned trade, as investors focused on the US Federal Reserve’s interest rate strategy…
Business
Boeing to cut workforce by 10% as strike eats into reserves
BOEING said it plans to cut its workforce by about 10 per cent, responding to the crisis facing the planemaker as it faces a drawn-out…
Business
India's foreign exchange reserves surge past $700 bn, shows RBI data
2 min read Last Updated : Oct 04 2024 | 8:38 PM IST India’s foreign exchange reserves surged past $700 billion in the week ended September…
Business
Forex reserves top $700 bn, India becomes 4th country to cross this mark
India's forex reserves have ballooned by $87.6 billion so far in 2024, already more than the near-$62 billion increase over the whole of…
Business
BofA expects India's forex reserves to reach $745 billion in March 2026
2 min read Last Updated : Oct 04 2024 | 3:37 PM IST By Subhadip Sircar India’s foreign-exchange reserves will likely rise to $745 billion…
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Federal Reserve’s Cook says she ‘wholeheartedly’ supported half-point rate cut
FEDERAL Reserve Governor Lisa Cook on Thursday endorsed the US central bank’s 50-basis-point interest-rate cut last week as a way to…