Page 10 - Federal Reserve
Federal Reserve's preferred inflation gauge set to back rate-cut patience
Policymakers' preferred inflation gauge - the personal consumption expenditures price index - probably stayed elevated in March, according to data due in the coming week
 "Federal Reserve's preferred inflation gauge set to back rate-cut patience")
Fed Chair Powell's US rates warning means headache for rest of the world
China doesn't have such inflation worries, but rise in the premium of US 10-year government bond yields over their Chinese equivalents to a record high has sparked concerns over depreciation of yuan
 "Fed Chair Powell's US rates warning means headache for rest of the world")
Fed to cut US rates 'at some point, but no hurry', says Loretta Mester
"At some point, as we get more confidence, we will start to normalize policy back to a less restrictive stance, but we don't have to do that in a hurry," Mester said
 "Fed to cut US rates 'at some point, but no hurry', says Loretta Mester")
Interest rate cuts in India 'off the table' in FY24-25, says Morgan Stanley
The central bank seeks to ensure inflation aligns durably and sustainably to its 4 per cent target
 "Interest rate cuts in India 'off the table' in FY24-25, says Morgan Stanley")
Soft or no landing? US Fed's economic picture becomes complicated
Fed policymakers have taken an increasingly cautious tone when they talk about when and how much they might lower borrowing costs
 "Soft or no landing? US Fed's economic picture becomes complicated")
Biden predicts Fed will cut rates by end of year despite high inflation
Biden in a statement earlier Wednesday acknowledged the administration had more to do to lower prices
 "Biden predicts Fed will cut rates by end of year despite high inflation")
US dollar turns lower after producer prices for March, jobless claims data
A separate report showed the U.S. initial jobless claims were 211,000 for the week ended April 6, compared with a forecast for 215,000 claims
 "US dollar turns lower after producer prices for March, jobless claims data")
Gold hits all-time high, soars past Rs 71,000: Should you still invest?
Geopolitical conflicts are contributing to market instability, prompting investors to flock to assets perceived as safe, such as gold.
 "Gold hits all-time high, soars past Rs 71,000: Should you still invest?")
US Fed blocks tough global climate-risk rules for Wall Street Banks
European central bankers have been advocating for the Basel Committee on Banking Supervision to agree on requiring lenders to disclose their strategies for meeting green commitments
 "US Fed blocks tough global climate-risk rules for Wall Street Banks")
Gold price climbs Rs 10 to Rs 69,390, silver rises Rs 100 to Rs 78,700
The price of 22-carat gold declined Rs 10 with the yellow metal selling at Rs 63,610
 "Gold price climbs Rs 10 to Rs 69,390, silver rises Rs 100 to Rs 78,700")
Markets scale new peaks in FY25 kickoff; Sensex ends 363 points higher
Optimism soars as slowing US inflation sparks Fed rate cut hopes this financial year
 "Markets scale new peaks in FY25 kickoff; Sensex ends 363 points higher")
Fed doesn't need to be in a hurry to cut rates, reiterates Jerome Powell
Investors are now betting the US central bank will make that first cut in June
Want to see 'more good inflation readings' before rates are cut: Powell
Federal Reserve Chair Jerome Powell on Friday reiterated a message he has sounded in recent weeks: While the Fed expects to cut interest rates this year, it won't be ready to do so until it sees more good inflation readings' and is more confident that annual price increases are falling toward its 2 per cent target. Speaking at a conference at the Federal Reserve Bank of San Francisco, Powell said he still expected "inflation to come down on a sometimes bumpy path to 2 per cent". But the central bank's policymakers, he said, need to see further evidence before they would cut rates for the first time since inflation shot to a four-decade peak two years ago. The Fed responded to that bout of inflation by aggressively raising its benchmark rate beginning in March 2022. Eventually, it would raise its key rate 11 times to a 23-year high of around 5.4 per cent. The resulting higher borrowing costs helped bring inflation down from a peak of 9.1 per cent in June 2022 to 3.2 per cent last .
 "Want to see 'more good inflation readings' before rates are cut: Powell")
US monthly inflation slows, consumer spending surges, reveals data
The personal consumption expenditures (PCE) price index rose 0.3% last month, the Commerce Department's Bureau of Economic Analysis said
 "US monthly inflation slows, consumer spending surges, reveals data")
US Federal Reserve registers record loss of $114.3 billion in 2023
The loss last year follows $58.8 billion in net income in 2022, the Fed said. The numbers released were an audited tally following preliminary numbers reported earlier this year
 "US Federal Reserve registers record loss of $114.3 billion in 2023")
Powell's words are mightier than the Fed's dot plot
Even with the caveat at the end, traders heard enough to set the S&P 500 Index on its way to an all-time high
 "Powell's words are mightier than the Fed's dot plot")
Gold price climbs Rs 10 to Rs 67,430, silver jumps Rs 100 to Rs 78,600
The price of 22-carat gold also rose Rs 10 with the yellow metal selling at Rs 61,810
Gold price dips Rs 10 to Rs 66,320, silver falls Rs 100 to Rs 76,900
The price of 22-carat gold also declined Rs 10 with the yellow metal selling at Rs 60,790
 "Gold price dips Rs 10 to Rs 66,320, silver falls Rs 100 to Rs 76,900")
Bond yields changed little ahead of US Federal Reserve's rate decision
The benchmark 10-year yield ended at 7.0918%, following its previous close of 7.0981%
 "Bond yields changed little ahead of US Federal Reserve's rate decision")
Gold price climbs Rs 10 to Rs 66,340, silver rises Rs 100 to Rs 77,400
The price of 22-carat gold also rose Rs 10 with the yellow metal selling at Rs 60,810