Tag: federal reserve

LONDON: US stock markets hovered Thursday as investors awaited fresh signals from the Federal Reserve about the direction of US interest rates, although European indices finished the day with solid gains.Oil prices bounced but made little impact on the losses of nearly seven percent seen in the previous two days due to slowing demand expectations and easing fears that the Israel-Hamas war could turn into a conflict across the crude-rich Middle East.The dollar wobbled before Thursday's key speech from Fed chair Jerome Powell, while bitcoin neared $37,000 on...