Page 14 - Jerome Powell

Have the Indian stock markets rallied too fast, too soon?

Until the S&P BSE Sensex and Nifty50 do not break 57,000 and 17,000 levels, there are higher changes of touching 64,000 and 19,000 levels.

Bitcoin touches lowest level since December 2020 after Fed's 75 bps hike

As of 12 PM (IST), Bitcoin was trading at $18,735, and Ethereum was at $1,272. The total crypto market cap is now nearing $900 billion

High inflation in sight, Fed to signal more rate hikes ahead: Powell

Last month, when Federal Reserve Chair Jerome Powell spoke at an economic conference in Jackson Hole, Wyoming, he issued a blunt warning: The Fed's drive to curb inflation by aggressively raising interest rates, he said, would bring some pain" for Americans. When the Fed ends its latest meeting on Wednesday and Powell holds a news conference, Americans will likely get a better idea of how much pain could be in store. The central bank is expected to raise its key short-term rate by a substantial three-quarters of a point for the third consecutive time. Another hike that large would boost its benchmark rate which affects many consumer and business loans to a range of 3 per cent to 3.25 per cent, the highest level in 14 years. Many Fed watchers, though, will be paying particular attention to Powell's words at a news conference afterward. His remarks will be parsed for any hint of whether the Fed expects to moderate its rate hikes in the coming months or instead to continue tighteni

Fed expected to stick to aggressive rate hikes as inflation stays hot

A 75 bps increase at the Fed's Sept. 20-21 meeting would put the policy target in the 3%-to-3.25% range, above the level that most policymakers believe will start biting into economic growth

Sensex ends choppy day 105 points higher; IT stocks lead; Financials weigh

CLOSING BELL: Among individual stocks, Tech M, IndusInd Bank, Infosys, HCL Tech, Maruti Suzuki, SBI, and TCS were the top large-cap winners

Gold, silver prices rise; silver jumps Rs 1,400, selling at Rs 54,200/kg

Ten grams of 22-carat gold is trading at Rs 46,650 today after rising Rs 250

Stocks, bond yields rise after record ECB rate hike of 75 basis points

Global stocks and government bond yields rose on Thursday after the European Central Bank raised interest rates by a record 75 basis points

Gold price dips as US dollar, yields rise after Powell's comments

Fed fund futures are now pricing in a 85% chance of a 75-basis-point rate hike by the Fed at its Sept. 20-21 policy meeting

Gold struggles for direction as investors focus on ECB, Powell's comment

Investors are expecting the ECB to go for a hefty rate hike to combat soaring inflation. The policy decision is due at 1215 GMT

Dalal Street defies global mood; Sensex soars 443 pts, Nifty top 17,650

CLOSING BELL: ITC, Sun Pharma, RIL, Tata Steel, NTPC, HCL Tech, L&T, and ICICI bank were the top Sensex gainers, while Hindalco, JSW Steel, Grasim, and Cipla were additional top gainers on the Nifty50

India, US correlation weakens as equity markets take divergent path

The BSE Sensex has declined merely 2.5 per cent, even as the Dow Jones declined close to 8 per cent.

Crypto weekly wrap: Bitcoin to rise once it reaches $20,400, say experts

For Ethereum, which is scheduled to go for 'The Merge' on September 6, will likely break out of the $2,000 level before the event, experts suggest

Bitcoin may have hit a floor after Fed chief's speech at Jackson Hole

The largest cryptocurrency is down about 6% since Powell's hawkish Aug. 26 Jackson Hole speech underlined that the Federal Reserve wants to subdue financial markets

Indian markets slide on US Fed's hawkish tilt; Sensex down 861 points

Experts say any fall in US equities could reflect in the domestic markets as well

Bitcoin hovers around $20k as Fed chief's hawkish comments weigh on crypto

The largest token fell as much as 2.3% on Monday to $19,527, the fifth day of declines

Sensex slides 861 pts, Nifty holds 17,300; RIL slips 1% post 45th AGM

CLOSING BELL: Mukesh Ambani laid out succession plan with Akash Ambani championing telecom, Isha Ambani controlling Retail, and Anant Ambani joining new-energy vertical

Gold drops 0.8% as US dollar shines on Powell's rate hike warning

Gold prices took a beating as US Federal Reserve Chair acknowledged that a quick undo of central bank's rate tightening was far from over, which boosted the dollar and sent bullion to a one-month low

No need to worry till the Sensex holds 56,886 level, technical charts say

Equity markets declined the most in around a month on Monday following US Fed chief Jerome Powell's comments on Friday, which indicated that it will continue with its restrictive monetary policy

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

'Inflation fever' finally breaking but central banks won't stop rate hikes

As economic growth slows, prices for key raw materials - from oil to copper and wheat - have cooled in recent weeks, taking pressure off the cost of manufactured goods and food