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Showing 1 - 10 of 13 results for "Congressional testimony"

Markets look to US rate cuts as inflation falls

ELIZA BAVIN  |  FRIDAY, 12 JUL 2024
... Nigel Green said the marginal decline in inflation, combined with Fed chair Jerome Powell's recent congressional testimony, has spurred market speculation about faster rate cuts. "The inflation figures suggests that the central bank's stringent monetary ...

Market wrap

AAP  |  WEDNESDAY, 25 FEB 2015
The market has opened flat despite fresh records on Wall Street on the back of positive congressional testimony by US Federal Reserve chair Janet Yellen about interest rates. CommSec chief economist Craig James says there were impressive international ...

Market Wrap AM

AAP  |  WEDNESDAY, 25 FEB 2015
... tech-rich Nasdaq Composite Index advanced 7.15 (0.14 per cent) to 4,968.12. Yellen, opening two days of congressional testimony, signalled that the Fed is deep in preparation for a rate hike this year, even as she essentially ruled out the move until ...

Market Wrap AM

AAP  |  WEDNESDAY, 16 JUL 2014
... media and biotechnology "appear substantially stretched". The report was released in conjunction with congressional testimony by Fed Chair Janet Yellen, who said the central bank could implement interest rate increases "sooner and be more rapid than ...

Market Wrap AM

AAP  |  THURSDAY, 8 MAY 2014
... conciliatory statements by Russia's president amid the Ukraine crisis and the Federal Reserve chair's Congressional testimony. At 0645 AEST on Thursday, the June share price index futures contract was up 28 points at 5,448. There was some easing in geopolitical ...

Market Wrap AM

AAP  |  WEDNESDAY, 12 FEB 2014
... set to open higher following strong gains on Wall Street after new Federal Reserve chief Janet Yellen's Congressional testimony appeared to reassure investors. At 0820 AEDT on Wednesday, the March share price index futures contract was up 36 points at ...

Market Wrap AM

LAURA MILLAN  |  FRIDAY, 19 JUL 2013
... disappointing earnings reports, including from Dow member Intel. The new records followed a second day of congressional testimony from Federal Reserve chairman Ben Bernanke that came and went with no bombshells. Bernanke reiterated that the Fed plans ...

Market Wrap

AAP  |  WEDNESDAY, 27 FEB 2013
... after reports showed surprisingly robust new home sales and consumer confidence. Stocks were also aided by congressional testimony from Federal Reserve Chairman Ben Bernanke, who reaffirmed that the Fed's aggressive stimulus program would remain in effect ...

Morning market wrap: US bonds continue sell-off

... sharply higher overnight, continuing the sell-off that began in earnest with Fed chairman Alan Greenspan's Congressional testimony last week. The yield on the benchmark 10-year government bond rose 21 basis points to 4.21%, and which traders attributed ...

Midday market wrap: Australian bonds hammered

The Australian bond market was sharply weaker Wednesday morning, following overnight Congressional testimony by US Federal Reserve chairman Alan Greenspan. Despite pledging to maintain the fed funds rate at low levels 'for a considerable time', bond ...
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