Page 18 - Federal Reserve

Crypto wrap: Macro indicators improve, market stable despite Fed rate hike

On December 15, after the US inflation of 7.1 per cent for November was announced, Bitcoin touched its five-week high of $18,400

Rupee, bonds take a sharp knock as Fed maintains aggressive stance

The domestic currency has depreciated over 10% against the greenback so far this year

Markets tumble as Federal Reserve retains hawkish tone; Sensex drops 1.4%

The biggest decline in two months; FPIs sell shares worth Rs 711 cr

Bonds and rupee gain; US inflation spurs hopes of dovish Fed move

Markets feel that US central bank's aggressive rate hike cycle may be nearing an end

US core inflation slows, giving Fed Reserve some breathing room on rates

The overall CPI increased 0.1 per cent from the prior month and was up 7.1 per cent from a year earlier, as lower energy prices helped offset rising food costs

Rupee sheds 26 paise to dollar as firm US data leads to Fed hike jitters

The domestic unit settled at 82.54 to the dollar on Monday, from 82.28 at previous close. So far in 2022, the Indian currency has shed 9.9% against the greenback

Asian shares fall, dollar firms ahead of central bank rate hikes

Asian shares fell while the dollar drifted higher at the start of a hectic week, as markets awaited a flurry of rate decisions from the US Federal Reserve, the European Central Bank and others

Fed's message on rate hold for 'some time' clashes with 2023 rate-cut bets

They're also likely to signal another 50 basis points of tightening next year, according to economists, and an expectation that once they reach that peak, they'll stay on hold through all of 2023

Sushmita Shukla appointed first VP, COO of Federal Reserve Bank of New York

Sushmita Shukla, an Indian-origin veteran of the insurance industry, has been appointed as First Vice President and Chief Operating Officer at the Federal Reserve Bank of New York, making her the second-ranking officer at the prominent institution. The appointment was approved by the Board of Governors of the Federal Reserve System, the New York Fed said in a statement Thursday. Shukla, 54, has been appointed by the Board of Directors of the Federal Reserve Bank of New York as First Vice President and Chief Operating Officer, effective March 2023. As First Vice President, Shukla, who has an MBA from New York University and a bachelor's degree in electrical engineering from the University of Mumbai, will be the New York Fed's second-ranking officer. Shukla said in the statement that she is honoured to have the opportunity to work for a mission-driven organisation like the New York Fed. I look forward to applying all that I've learned in my career including my technology, operation

Rupee at over 1-month low on renewed Federal Reserve rate hike fears

Indian currency underperforms EM peers; analysts cite shrinking forward premia, widening CAD

Forex reserves rise for third week in a row; up $2.9 bn to $550.14 bn

Fall in US dollar index seen providing revaluation boost to RBI reserves

Rupee gains as Fed's Jerome Powell hints at slower US rate hikes

So far in 2022, the Fed has hiked rates by a total of 375 bps, leading to a stronger dollar and diminishing the appeal of emerging market assets

Smaller rate hikes likely coming in Dec, says US Fed chairman Powell

Jerome Powell, Chairman of the US Federal Reserve, said the central bank could pull back on the pace of its aggressive rate hikes as soon as December.

US job openings fell in October to still-high level as Fed ramps up rates

US job openings dropped in October but remained high, a sign that businesses became slightly less needy for workers as the Federal Reserve ramps up interest rates in an effort to cool the economy. Employers posted 10.3 million job vacancies in October, down from 10.7 million in September, the Labour Department said on Wednesday. Even with the drop, openings were slightly lower in August, when they dipped below 10.3 million before rebounding the following month. The number of people quitting their jobs also slipped in October, to 4 million from 4.1 million. The Federal Reserve is closely monitoring the figures on job openings and quits for signals about the strength of the job market. The Fed is seeking to pull off a delicate task by slowing hiring and the broader economy to cool inflation, but not so much as to cause a recession. While more job openings are a benefit for those seeking work, Fed officials would like to see the number of openings fall. That's because fewer openings

Forex reserves likely to show revaluation gains now, say analysts

RBI said to have been actively buying dollars for the past couple of weeks, say currency traders

Sensex hits record high, Nifty at new 1-year high: Factors behind the rally

Global stock markets jumped on Thursday after minutes of the US Federal Reserve's November policy meeting hinted at a possible moderation in the pace of interest rate hikes

Fed officials at last meeting saw few signs that inflation was easing

Federal Reserve officials at their last meeting saw very few signs that inflation pressures were abating before raising their benchmark interest rate by a substantial three-quarters of a point for a fourth straight time. Rising wages, the result of a strong job market, combined with weak productivity growth, were inconsistent" with the Fed's ability to meet its 2% target for annual inflation, the policymakers concluded, according to the minutes of their Nov. 1-2 meeting released Wednesday. At that meeting, the Fed officials also expressed uncertainty about how long it might take for their rate hikes to slow the economy enough to tame inflation. Still, some of the policymakers expressed hope that falling commodity prices and the unsnarling of supply chain bottlenecks should contribute to lower inflation in the medium term.'' There were widespread expectations that ongoing rate increases would be essential'' to keep Americans from expecting inflation to continue indefinitely, the ...

Rupee sheds 0.2% to dollar as Covid worries trigger slump in yuan

Talk of persistent rate hikes by US Fed officials also drags rupee lower

Global stocks slip, dollar steady as US retail sales tip Fed outlook

Global stocks slid from two-month highs and the safe-haven dollar steadied after stronger-than-expected US retail sales clouded the inflation outlook and hopes that the Federal Reserve

Worst of rupee volatility seen over as Fed view softens: BS poll

Rupee likely at 81.68 by December-end, largely stable at 81.75 by March-end