Page 29 - Federal Reserve

Time for Fed to taper bond purchases but not to raise rates: Powell

The Fed has signaled it will likely begin next month to taper its $120 bn in monthly purchases of Treasury bonds and mortgage-backed securities

Markets skid for second day as inflation, valuation concerns' weigh

Analysts said the inflationary pressure seen by companies such as HUL and Nestle India have made the Street temper down its earnings growth expectations

Some capital will flow out of India if US Fed does any tapering, warns IMF

Says forex reserve are adequate and inflation is down, but must be watched due to supply bottlenecks; cuts potential medium term growth by 25bps to 6% due to Covid impact

Analysis: Why the Federal Reserve might welcome a bond market tantrum

Even with growth tipped to surpass 6% this year and a "taper" in sight for the Fed's bond-buying programme at the end of this year, 10-year yields are still stuck at just above 1.3%

Citigroup Q2 profit beats market estimates on release of reserves

An economic recovery fueled by vaccine rollouts across the country and a $1.9 trillion stimulus package pushed through by the Biden administration earlier this year is expected to drive banking profit

US consumer prices post largest gain in 13 yrs; inflation has likely peaked

The consumer price index increased 0.9% last month, the largest gain since June 2008, after advancing 0.6% in May.

The RBI as outlier on inflation

As the threat of inflation returns, the Fed and others adjust their messages - why not the RBI?

Sensex extends losses as Federal Reserve's taper talk trips world markets

A sharp drop in the rupee - which fell 76 paise against the dollar - also sapped risk appetite, traders said.

US Fed surprise may herald new era of Asian currency weakness

Almost all developing Asian currencies were lower against the greenback after Fed released forecasts that showed officials anticipate two interest-rate increases by end of 2023, sooner than thought.

Gold hovers near one-month low after Fed mulls earlier rate hikes

US gold futures were down 2.6% at $1,812.20 per ounce.

Gold edges lower as dollar firms; focus on US economic data, Fed policy

On Tuesday, gold prices hit their highest level since January 8 at $1,916.40

Federal Reserve unlikely to change its stance in the near term: Analysts

Say volatility in India and other markets due to inflationary pressure in the US likely to be transitory

At 4.2% in April, US consumer prices jump most since 2009, beat estimates

The consumer price index increased 0.8 per cent from the prior month, reflecting gains in nearly every major category and a sign burgeoning demand is giving companies latitude to pass on higher costs

Gold steady ahead of Fed meeting, palladium scales record peak

Spot gold was flat at $1,780.90 per ounce by 0957 GMT.

Federal Reserve signals intent to wield power over short-term rates

Repo and Treasury bill rates have been flirting with zero since the beginning of the year as reserve balances at the central bank swell

S&P 500 ends at record high after Fed projects stronger economy

Amazon.com Inc rose 1.4% and Tesla Inc added 3.7%, with the two companies giving the greatest lift to the S&P 500

India, Philippines most vulnerable in a taper tantrum-like scenario: S&P

One mitigating factor for both countries is that current accounts are stronger relative to normal levels, notes S&P

Federal Reserve likely to forecast biggest economic boom in a generation

Markets predict the Fed may be forced to act sooner than expected

Gold prices edges up on inflation bets as Fed meeting looms

The Bank of England and Bank of Japan also have meetings on Thursday and Friday this week

Naureen Hassan becomes first VP, COO of Federal Reserve Bank of New York

An Indian-origin veteran of the financial services industry has been appointed as the first vice president and chief operating officer of the Federal Reserve Bank of New York.