Business
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…
Tag
reserves
Business
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.…
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…
Business
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,…
Business
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…
Business
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…
Business
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…
Business
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…
Business
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…
Business
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…
Business
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…
Business
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,…
Business
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…
Business
What to Watch at the Federal Reserve’s May Meeting
The Federal Reserve is set to extend its pause on interest rate cuts on Wednesday amid concerns that President Trump’s tariffs will…
Business
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…
News
China to add cobalt, copper in boost to state metal reserves
China plans to add to its strategic reserves of key industrial metals this year, an effort to boost the resilience of critical minerals…
Culture
NBA Eastern Conference All-Star Reserves Officially Announced
Share ✓ Link copied to clipboard! NBA head coaches voted for the seven players who comprise the league's Eastern Conference All-Star…
News
UK gas reserves 'concerningly low': Biggest supplier
Britain's biggest gas supplier said Friday UK storage levels are "concerningly low" owing to high demand caused by freezing weather and…
Business
Gold set for weekly gain; focus on incoming Trump administration, US Federal Reserve’s 2025 path
GOLD prices were trading flat on Friday (Dec 27), but were set for a weekly rise, as markets awaited signals on the US economy under the…
Business
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…