US Rate Hike

The Indian rupee hit a historic low, crossing 90 per US dollar in early trade. Here’s what’s behind the slide: weaker capital inflows, strong importer demand for dollars, rising hedging, and shifting

The 10-year US Treasury yield dropped six basis points in Asia trading, after US President-elect Donald Trump tapped prominent investor Scott Bessent for the position of US Treasury secretary

Solid growth and resilience in the world's largest economy trumped investors' disappointment on Nvidia's underwhelming results

US stocks on Friday ended lower after an early rally fizzled

This year's steady slowdown in US inflation likely continued in November, though the latest data may also point to steadily higher prices in some areas of the economy. Tuesday's inflation report from the Labor Department is expected to show that businesses kept overall prices unchanged for a second straight month. Falling gas prices, in particular, are thought to have offset a rise in food costs from October to November. And compared with a year earlier, inflation is expected to ease to 3.1 per cent from 3.2 per cent in October, according to a survey of economists by FactSet. But a closely watched category called core prices, which excludes volatile food and energy costs, is predicted to rise 0.3 per cent from October to November a monthly pace that far outpaces the Federal Reserve's 2 per cent annual inflation target. On a year-over-year basis, core prices are expected to increase 4 per cent, the same as in October. The Fed considers core prices to be a better guide to the likely

India's benchmark NSE Nifty 50 Index has slipped 3.3% so far this month, faring a little better than the 3.8% decline seen in the broader MSCI Asia Pacific Index

Fed official comments, China stimulus helps markets recoup losses

Apart from Ethereum, almost all the major crypto coins traded range bound in the last one week

In general, the minutes said, Fed policymakers agreed that the level of uncertainty remained high, and that future interest rate decisions would depend on the "totality" of data arriving

Both Fed Chair Jerome Powell and ECB President Christine Lagarde have warned that inflation remains too high, forcing them to raise borrowing costs further

OPEC upbeat over 2024 oil demand outlook despite slowdown

The yen weakened 0.03% to 144.38 per dollar in early Asian hours to kick start the second half of the year having dropped 9% against the dollar in the first six months of the year

Thursday's policy review will help shape the rupee's fortunes, with traders expecting little reprieve after the currency fell under the weight of a stronger greenback in May

Yields are rising in the US bond market Friday following a highly anticipated report on the US job market. The US stock market is closed in observance of Good Friday, as are many markets across Europe. That leaves the US bond market as one of the few open to react to the latest jobs update, which showed hiring lost a bit more momentum than expected last month but largely remained resilient. The data was so anticipated because it could offer a big clue for the Federal Reserve, which faces a tough decision on interest rates that will affect the entire economy. Should it keep raising rates in order to drive down inflation that's still high? Or should it hold off given all the signs of slowing across the economy and stress in the banking system that's already been caused by the past year's swift surge in rates? The immediate reaction from the bond market Friday morning seemed to lean toward another hike. Not only did yields rise for Treasurys, so did bets for the Fed to raise rates by

So far in 2023, the rupee has gained 0.5 per cent against the US dollar

While the Fed has been steadfast in its objective of curtailing inflation, focus has now shifted to maintaining a balance between bringing down inflation and avoiding financial instability

SVB crisis, Fed rate hike fears continue to keep markets on the edge

Expectations of further rate hikes in the world's largest economy and in Europe have clouded the global growth outlook and driven both crude benchmarks down more than 5% so far this week

The euro rose as far as $1.0913 after data showed Spanish inflation running surprisingly hot in January, before the broader mood reeled it back to $1.0851

Asian shares rallied on Monday as hopes for less aggressive U.S. rate hikes and the opening of China's borders bolstered the outlook for the global economy