Page 7 - Interest Rates
Gold hits record high at $2,438 as Fed rate cut bets burnish appeal
The dollar index remained subdued, making greenback-priced bullion more attractive to buyers holding other currencies
 "Gold hits record high at $2,438 as Fed rate cut bets burnish appeal")
Why did Chris Wood of Jefferies sell his holding in HDFC Bank stock?
Calendar year 2024 (CY24) will be a good year for 'quality stocks and bonds', according to analysts at Morgan Stanley. Stocks, they said, have priced in a 'perfect landing' scenario
 "Why did Chris Wood of Jefferies sell his holding in HDFC Bank stock?")
Cancelling credit card, uncluttering home: Top personal finance stories
Our top stories this week tell you about the procedure to cancel a card and the various storage solutions for your home
 "Cancelling credit card, uncluttering home: Top personal finance stories")
US Fed's NY prez Williams sees no current reason to change policy stance
Fed officials have pushed out expectations for the first interest-rate cut, emphasizing a need to keep borrowing costs elevated for longer amid disappointing inflation prints in the first quarter
 "US Fed's NY prez Williams sees no current reason to change policy stance")
ECB not in hurry to cut rates, should take measured steps after Jun: Kazaks
The ECB has all but promised a rate cut on June 6 so the discussion has shifted to how quickly its next move should come and what conditions must be met for more easing
 "ECB not in hurry to cut rates, should take measured steps after Jun: Kazaks")
Gold declines as traders await key US inflation data for more rate cut cues
Spot gold fell 0.7% to $2,342.95 per ounce by 1442 GMT. It had hit its highest level since April 22 on Friday
 "Gold declines as traders await key US inflation data for more rate cut cues")
BoE moves closer to first rate cut since 2020, as second official backs cut
The BoE said on Thursday its Monetary Policy Committee voted 7-2 to keep rates at a 16-year high of 5.25% after Deputy Governor Dave Ramsden joined Swati Dhingra in voting for a cut to 5%
 "BoE moves closer to first rate cut since 2020, as second official backs cut")
FTSE 100 hits record high, pound slips ahead of BoE interest rate verdict
The blue-chip FTSE 100 ended the session up 0.5%, notching a record high of 20,491.99 points
 "FTSE 100 hits record high, pound slips ahead of BoE interest rate verdict")
ECB grows confident about rates cut as inflation eases, say policymakers
Euro zone inflation stood at 2.4% in April and a crucial indicator of underlying price pressures slowed while the economy staged a small rebound
US Fed keeps key rates unchanged at 5.25%-5.5% for 6th straight meeting
Fed holds rates steady, flags 'lack of further progress' on inflation
 "US Fed keeps key rates unchanged at 5.25%-5.5% for 6th straight meeting")
US rates outlook, dollar clip emerging market local bond returns: Amundi
"That's obviously a big challenge these days as we have seen a repricing in rates," Strigo said during a media briefing, adding he now expected returns of around 5% in local fixed income
 "US rates outlook, dollar clip emerging market local bond returns: Amundi")
Russian central bank holds interest rates at 16%, raises inflation forecast
The decision was in line with a Reuters poll of economists, which had forecast that the persistence of inflation, fanned by strong consumer demand and widespread labour shortages
 "Russian central bank holds interest rates at 16%, raises inflation forecast")
Japan's yen hits fresh 34-year low after BOJ holds interest rates
The yen also nudged down to its weakest almost 16 years at 167.38 per euro and its weakest in nearly a decade on the Australian dollar
 "Japan's yen hits fresh 34-year low after BOJ holds interest rates")
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")
Morgan Stanley expects ECB to cut key interest rates by 75 bps in 2024
Last week, the ECB held interest rates at a record high on Thursday but signaled it could start cutting as soon as June
 "Morgan Stanley expects ECB to cut key interest rates by 75 bps in 2024")
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
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")
RBI's status quo on repo rate to impact retail auto sales, says Fada
Manish Raj Singhania, prez of FADA, said that favourable govt policies along with government spending, and the expected good monsoons, are likely to fuel demand, particularly in rural areas this year
 "RBI's status quo on repo rate to impact retail auto sales, says Fada")
RBI's MPC decision shows resolve to ensure price stability, say experts
As the central bank held key policy rates steady, the EMIs on home and auto loans are likely to remain stable for some more time
 "RBI's MPC decision shows resolve to ensure price stability, say experts")
