Government Aid, Stock Gains Push U.S. Wealth To Pre-pandemic Levels, Fed Says

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WASHINGTON: A rebounding stock market and massive federal aid payments pushed the net worth of U.S. households back to pre-coronavirus levels in the second quarter, the Federal Reserve reported on Monday, with savings accounts and equity portfolios both rising sharply despite the pandemic. The U.S. central bank’s latest quarterly look at wealth and income … Read more Government Aid, Stock Gains Push U.S. Wealth To Pre-pandemic Levels, Fed Says

Dollar Clings On, Yen Creeps Higher As Fed Speakers In Focus

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SINGAPORE: The dollar clung to late-week gains on Monday, while the yen and yuan each edged higher, as investors looked ahead to a slew of U.S. Federal Reserve speakers this week and to a decision on the inclusion of Chinese government bonds in a global index. Chinese bond buying by foreigners has helped drive … Read more Dollar Clings On, Yen Creeps Higher As Fed Speakers In Focus

Equities Sink On Virus Angst, Fed Aftermath; Gold, Yen Rise

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NEW YORK: Global equity markets slid on Friday as investors sought direction after this week’s U.S. Federal Reserve meeting and a jump in coronavirus cases in Europe rattled sentiment, while gold rose and safe-haven buying lifted the Japanese yen. The dollar was on track for its fifth straight day of declines against the yen … Read more Equities Sink On Virus Angst, Fed Aftermath; Gold, Yen Rise

Global Markets: Equities Sink On Virus Angsts, Fed Aftermath; Gold, Yen Rise

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NEW YORK: U.S. and European equities slid on Friday as investors sought direction after this week’s Federal Reserve meeting and a jump in coronavirus cases rattled sentiment, while gold rose and safe-haven buying lifted the Japanese yen. The dollar was on track for its fifth straight day of declines against the yen as Japan’s … Read more Global Markets: Equities Sink On Virus Angsts, Fed Aftermath; Gold, Yen Rise

Fed Officials Tussle Over Practical Meaning Of New Inflation Policy

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WASHINGTON: Federal Reserve policymakers on Friday began fleshing out what their new tolerance for inflation will mean in practice, an issue critical to how investors and households reshape their own outlooks even if it may not be relevant to any immediate decisions by the U.S. central bank. The new policy, laid out in a … Read more Fed Officials Tussle Over Practical Meaning Of New Inflation Policy

Gold Falls After U.S. Fed Dampens Hopes For More Stimulus

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Gold prices fell on Thursday to the lowest in more than a week, after the U.S. Federal Reserve dashed investors’ hopes for more stimulus to support the coronvirus-hit economy. Spot gold dropped 0.8% to $1,943.72 per ounce by 10:58 a.m. EDT (1458 GMT), after falling to its lowest level since Sept. 9 at $1,932.36. … Read more Gold Falls After U.S. Fed Dampens Hopes For More Stimulus

Stocks Buckle, Dollar Slips As Investors Mull Fed Action

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NEW YORK: Global equity markets and gold slumped, while the dollar eased on Thursday after the Federal Reserve reminded investors of the long slog ahead for a full recovery that was reinforced by data showing persistently high claims for U.S. unemployment benefits. U.S. Treasury yields dropped and the yield curve flattened as investors expressed … Read more Stocks Buckle, Dollar Slips As Investors Mull Fed Action

Global Stocks Buckle, Dollar Slips As Investors Mull Fed Action

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NEW YORK: Global equity markets and gold slumped, while the dollar eased on Thursday after the Federal Reserve reminded investors of the long slog ahead for a full recovery that was reinforced by data showing persistently high claims for U.S. unemployment benefits. U.S. Treasury yields dropped and the yield curve flattened as investors expressed … Read more Global Stocks Buckle, Dollar Slips As Investors Mull Fed Action

Global Stocks Retreat On Lack Of New Fed Action

FILE - In this Aug. 31, 2020 file photo, buildings line Wall Street, in New York. Stocks are ticking higher in early Wednesday, Sept. 16, trading on Wall Street, ahead of a decision on interest-rate policy by the Federal Reserve scheduled for the afternoon. (AP Photo/Mark Lennihan, File)

FILE – In this Aug. 31, 2020 file photo, buildings line Wall Street, in New York. Stocks are ticking higher in early Wednesday, Sept. 16, trading on Wall Street, ahead of a decision on interest-rate policy by the Federal Reserve scheduled for the afternoon. (AP Photo/Mark Lennihan, File) Global stocks and U.S. futures sank Thursday … Read more Global Stocks Retreat On Lack Of New Fed Action

Gold Slips As Fed Offers No Pointers On Further Stimulus

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Gold slipped as much as 1% on Thursday after the U.S. Federal Reserve disappointed expectations for further stimulus to spur inflation and support the economy, battered by the coronavirus crisis. Spot gold dropped 0.9% to $1,940.96 per ounce by 0951 GMT. U.S. gold futures slipped 1.2% to $1,947.40 … Read more Gold Slips As Fed Offers No Pointers On Further Stimulus