Page 20 - Federal Reserve

Gold firms above $1,700/oz on hopes of less aggressive rate hikes by Fed

The European Central Bank is due to meet later this week, where it is expected to deliver a large 75 basis-point interest rate hike to tame record high inflation

Rupee closes at 79.8 versus dollar amid rise in crude oil, hawkish Fed view

Rupee logs first weekly gain in four, outperforms all EM currencies

As inflation rages on, Fed hopes August hiring report will show slowdown

Raging inflation has so scrambled the economy that it's come to this: If Friday's jobs report for August were to show a significant hiring slowdown, the Federal Reserve and even the White House would likely welcome it. The government is expected to report that employers added 300,000 jobs last month, according to a survey of economists by the data provider FactSet. That would be down from a blockbuster gain of 528,000 in July and an average of about 440,000 over the past three months. The unemployment rate is expected to remain at 3.5 per cent, FactSet says, matching a half-century low. The August jobs report will be issued at 8.30 am Eastern time. A weaker pace of hiring should help moderate wage increases and lift hopes that inflation pressures are starting to ease. That, in turn, would help the Fed make progress toward its goal of conquering high inflation, which is near a four-decade high. Many companies pass along their higher labour costs to customers through price increas

Dollar hits 20-year high as data support aggressive Federal Reserve

The U.S. currency firmed after a government report showed that the number of Americans filing new claims for unemployment benefits declined further last week

Rates need to rise above 3.5%, no rate cuts in 2023: Fed's Williams

The Fed raised the benchmark fed funds rate to 2.25-2.50% at its last meeting in July.

Powell's Jackson Hole speech leaves crypto investors in a tough spot

The total crypto market cap fell below $1 trillion after staying above it for over a month. Bitcoin fell below $20,000, and Ethereum slipped below $1,500

Rupee hits new low of 80.14 per $ as Fed's Powell talks tough on inflation

RBI interventions to determine rupee's course amid surging dollar

To the point

The Fed has made its policy position clear

Bitcoin plunges below $20,000, may reach $10,000 level this year

After showing some stabilisation in the last few weeks, world's largest cryptocurrency Bitcoin has plunged once again below $20,000 after Federal Reserve Chair Jerome Powell's keynote address

Global bond inflows to emerging Asian markets signal shift in outlook

In August, global funds have poured $1.4 billion into Indonesia bonds in the first net addition in six months, while India has seen them loading up on rupee notes of $680 million

Oil falls 4% on concerns economic slowdown may dent fuel demand

US West Texas Intermediate crude for September delivery - due to expire on Monday - was down $3.77, or 4.1%, at $87

Dollar holds gains as minutes suggest Fed set for lengthy inflation fight

The dollar touched a three-week high on Thursday after minutes from the Federal Reserve's July meeting pointed to U.S. interest rates staying higher for longer to bring down inflation.

Global stocks lower after FOMC's July minutes suggest US inflation too high

Global stock markets and Wall Street futures mostly declined on Thursday after the Federal Reserve said US inflation is too high despite aggressive rate hikes, suggesting support for more increases. London, Shanghai, Tokyo, and Hong Kong declined. Frankfurt opened higher. Oil prices edged up. Notes released on Wednesday from the Fed's July 26-27 board meeting said inflation is unacceptably high", despite signs US economic growth is weakening. Board members saw little evidence to inflation pressures as subsiding. Investors worry aggressive rate hikes imposed by the Fed and central banks in Europe and Asia this year to tame inflation that is running at multi-decade highs might derail global economic growth. The Fed notes raised the prospects of further tightening," while some investors see possible excessive tightening dragging growth, Venkateswaran Lavanya of Mizuho Bank said in a report. In early trading, the FTSE 100 in London slipped 0.2 per cent to 7,498.98 while Frankfurt's DA

Gold prices near two-week low as dollar firms after Fed's July minutes

Federal Reserve's July meeting suggested the rise in Central Bank's rates to tame inflation; gold dropped to its lowest in August, dollar rose 0.2 percent hitting a three-week high

Secret to enduring stagflation sends investors to emerging markets

Stocks and bonds of poorer nations have sunk this year amid Federal Reserve tightening and runaway consumer prices, and may sell off even more if the global economy stalls

Gold, silver prices fall in early trade; yellow metal dips Rs 660 per 10 gm

The price of silver declined by Rs 300 per kg to Rs 58,700 per kg

US indices struggle amid recession fears; Micron says sales may come down

Chipmaker Micron Tech says sales likely to come down; inflation data today

Gold, silver remain unchanged for 2nd day; yellow metal trades at Rs 51,870

10 gram of 22-carat gold traded at Rs 47,550 on Tuesday

Rupee falls as strong US jobs data rekindles fear of aggressive Fed hikes

The Federal Reserve has already raised interest rates by 225 basis points since March 2020

The case for rate hikes heading for contested territory as recession looms

A parade of Federal Reserve officials in recent days has sought to emphasize this message - though a slump isn't their forecast