US Fed

Benchmark stock indices Sensex and Nifty closed largely unchanged in a highly volatile trade on Tuesday amid profit-taking in IT and blue-chip banking shares, elevated crude oil prices and caution ahead of the US Federal Reserve's policy decision. The 30-share BSE Sensex slipped 8.08 points, or 0.01 per cent, to close at 73,598.67, with 17 constituents higher, 12 lower and one unchanged. During the day, it hit a high of 73,762.98 and a low of 73,179.41. The 50-share NSE Nifty skidded 3.45 points, or 0.02 per cent, to end at 22,749.75. However, broader market indices rallied on strong buying interest, with the smallcap index gaining 2.59 per cent and the BSE midcap nearly 1 per cent. Sectorally, realty, pharma and auto shares advanced, while banking, financials and IT stocks declined. From the 30 Sensex firms, State Bank of India, Axis Bank, Tata Consultancy Services, Asian Paints, HDFC Bank and ICICI Bank were among the major laggards. Bharti Airtel, Trent, Maruti and Power Grid w

The Fed watchdog's report, however, did highlight extensive problems with project oversight that contributed to a roughly $1 billion cost overrun for the renovation of the central bank's 2 buildings

Higher rates stand to slow the economy, by raising borrowing costs for consumers and companies, and also could pose a headwind for the performance of stocks and other risk assets.

The rate move will be crucial to investor sentiment at a ‌time when elevated Treasury yields, inflation and the escalating Middle ​East conflict have kept risk appetite in check

The US Federal Reserve is set to announce its latest interest rate decision today. Here's what the move could mean for the US economy, markets

Warsh added that financial conditions are not currently restrictive and that interest rates are the Fed's "predominant tool" for achieving its mandate.

Warsh has advocated retreating from some of the central bank's longstanding communication policies in favor of letting markets do the heavy lifting, while Bessent has deployed a number of tools

They hope the Fed chair will use his speech to fully explain his roadmap for returning inflation to the Fed's target and what he sees as the bond market's role in that strategy.

Global gold ETFs recorded 23.5 tonnes of inflows in July, reversing two straight months of outflows.

Gold and silver are heading into a crucial week, with the Federal Reserve's interest rate decision, oil price movement and the US-Iran conflict determining whether bullion extends its recovery or comes under renewed pressure, analysts said. Apart from the Fed's decision, investors will monitor US Consumer Confidence, Core Personal Consumption Expenditures (PCE) inflation data, weekly jobless claims and monetary policy announcements by the Bank of England and the Bank of Japan. "Market sentiment will continue to be driven by developments in the US-Iran geopolitical situation, the direction of crude oil prices, and their impact on inflation expectations ahead of the US Federal Reserve's policy decision on July 29," said Jateen Trivedi, VP Research Analyst - Commodity and Currency, LKP Securities. On the domestic front, gold futures for August delivery rose Rs 2,200, or 1.6 per cent, to close at Rs 1.43 lakh per 10 grams during the last week. Silver futures for September delivery gain

Inflation is currently running above the Fed's 2 per cent target, and there is uncertainty around whether renewed conflict in West Asia could reverse recent progress

Gold prices are expected to remain volatile and choppy amid uncertainty over situation in the Middle East, may trade in the range of $4,000-$4,200 for now.

The Supreme Court on Monday dramatically expanded presidential power, upholding President Donald Trump's firings of the heads of independent federal agencies with one important exception, the Federal Reserve. The justices allowed Fed governor Lisa Cook to stay in her job while she fights the Republican president's effort to fire her over allegations of mortgage fraud, which she has denied. But other than at the nation's central bank, with its role of setting interest rates, the court held that presidents have free rein to fire agency heads at will, despite federal laws that require a cause for such dismissals and a 91-year-old decision that had limited executive authority. With the six conservative justices in the majority, the nine-member court jettisoned its unanimous decision in Humphrey's Executor that had limited when presidents can fire agency board members - in part to try to ensure decision-making free of political influence. The justices ruled in the case of former Federal

Today's opinions explore India's forex reserve strategy, Alan Greenspan's complex legacy, West Bengal's urban renewal agenda, maize-led farm growth and China's coercive diplomacy

Greenspan, who led the US Federal Reserve from 1987 to 2006, was celebrated for steering economic expansion but later faced criticism over the financial crisis that followed

Forecasters expect the personal consumption expenditures price index, due Thursday, to show acceleration on both a monthly and year-over-year basis in May

Today's opinions examine the G7 summit, a changing US Federal Reserve, Karnataka's development priorities, India's infrastructure model and Indira Jaising's constitutional journey

Aside from the shifts, one of the biggest takeaways from the Fed statement and Mr Warsh's first press conference as its chairman was the firm commitment to price stability and the 2% inflation target

The Fed kept rates unchanged but signalled a possible hike later this year as inflation concerns persisted under new Chair Kevin Warsh

Kevin Warsh faces a delicate debut as Fed chief, balancing inflation risks, market expectations and Trump's calls for lower rates