Page 23 - Us Fed News Today

Initial claims for state unemployment benefits dropped by 24,000 to a seasonally adjusted 209,000 for the week ended Nov. 18, the Labor Department said on November 22, the lowest level in more than a month. Economists polled by Reuters had forecast 226,000 claims for the latest week.

US Federal Reserves commitment has been to bring down consumer inflation to its target of 2 per cent, , monetary policy, rate hike, US Fed Minutes, us fed

The dollar has stumbled as recent data has showed a slowing of the economy and inflation pressures, including the consumer price index (CPI) data, but not enough to increase fears a sharp recession is looming, leading markets to price out any additional Fed rate hikes.

"Participants noted that further tightening of monetary policy would be appropriate if incoming information indicated that progress toward the Committees inflation objective was insufficient," the minutes said.

KUALA LUMPUR: Bursa Malaysia extended its downtrend to end marginally lower today in the absence of buying interest amid a mixed performance in the regional markets.

A daily rundown of the economic reports and corporate earnings that will be grabbing the market’s attention in the week ahead

India Business News: Indian blue-chip indexes, NSE Nifty 50 and S&P BSE Sensex, reached four-week highs due to the strong performance of IT stocks. The expectation that th

Spot gold rose 1.1% to $1,981.39 per ounce by 10:11 a.m. ET (1511 GMT). U.S. gold futures up over 1% to $1,984.60.

Data showed US consumer prices were unchanged in October, and the annual rise in underlying inflation was the smallest in two years. In the 12 months through October, the CPI climbed 3.2% - below economists estimates - after rising 3.7% in September.

A Bloomberg gauge of the dollar tumbled as much as 1.3 percent on Tuesday, the largest such drop since November 2022. It stayed close to the previous day’s close on Wednesday, helping propel the won and ringgit to the top of Asia’s currency rankings.