Page 5 - Rate Cuts

Trump win-fuelled rally in dollar, US fed rates to keep rupee under strain

The rupee suffered its worst day in 4-1/2 months on Wednesday, mirroring the slump in other Asian currencies amid uncertainty over what a Trump presidency will bring

GDP growth, inflation among key triggers that may drive mkts in Samvat 2081

While GDP growth may have moderated in Q2FY25, inflation might not weigh so heavily on markets in Samvat 2081 say analysts. Here are some key insights on what may drive markets going forward

FII outflow, war tensions: 5 risks for Indian stock markets in Samvat 2081

As we enter Samvat 2081, here are 5 risks to know to before investing in Indian stock markets

We don't want to join any party: RBI Guv on rate cut by other central banks

We are not managing the exchange rate, Das clarified

UK pay grows slowest in two years as BoE considers when to cut rates again

BoE cut borrowing costs in August but kept them on hold at its September meeting, saying it wanted to see further signs that inflation pressures were abating

Economists delay India rate cuts to 2025 after Sept retail inflation spike

Food inflation, which accounts for nearly half of the consumption basket, rose to 9.24 per cent in September, compared to 5.66% a month prior

Fed officials signal more rate cuts as inflation cools, Bostic open to skip

Minutes of the Fed's meeting released on Wednesday showed the decision had been a close call, and Goolsbee on Thursday said he expected more close-call meetings ahead

UK property market strengthens, pressure on renters intensifies: RICS

Tarrant Parsons, RICS' head of market analytics, said the reduction in borrowing costs in August had helped to recover buyer demand

Singapore keeps monetary policy unchanged as inflation risks linger

Federal Reserve last month delivered a larger-than-usual half-percentage-point reduction, while the European Central Bank is tipped to cut rates next week for the third time this year

RBI MPC highlights: Inflation expected to remain elevated during September, October, says Das

RBI Monetary Policy Meeting October 2024 highlights: Catch all the latest news updates on RBI's monetary policy announcements here

RBI moves closer to interest rate cut after global easing kicks off

Since last rate decision, official data showed economic growth moderated to 6.7 per cent in the April-June quarter, below the RBI's projection of 7.1 per cent, while signs show soft urban consumption

RBI instructs banks to stop making aggressive bets against rupee: Report

The central bank steps in occasionally to support the rupee via moral suasion and had last done something similar in early August

RBI's new MPC members may have at least 1 favouring a rate cut: Economists

India's government on Tuesday appointed Ram Singh, Saugata Bhattacharya and Nagesh Kumar as new external members

Fed drives global push to cut rates despite uncertainties over 2025

Whatever happens, a sustained period of central bank activism, in contrast to the recent hiatus of higher-for-longer rates, is likely to take hold

US economy in 'solid shape' with gradual rate cuts coming, says Powell

Federal Reserve Chair Jerome Powell signalled on Monday that more interest rate cuts are in the pipeline but suggested they would occur at a measured pace intended to support a still-healthy economy. His comments, at a conference of the National Association for Business Economics in Nashville, Tennessee, disappointed the hopes of many investors that the Fed would implement another steep half-point reduction in its key rate before the end of the year. The Fed cut its rate by a larger-than-usual half point earlier this month as it has moved past its inflation fight and pivoted toward supporting the job market. The broad S&P 500 stock index initially fell 0.6 per cent after his remarks, but recovered afterwards to close about 0.4 per cent higher. "We're looking at it as a process that will play out over some time," Powell said during a question and answer session, referring to the Fed's interest rate reductions, "not something that we need to go fast on. It'll depend on the data, the

US 30 year mortgage rate slips to 6.13%, refinancing activity jumps

Refinancing now accounts for more than 57 per cent of all mortgage applications, the data show, above the historic median of 48 per cent

Nifty Metal shines as Chinese central bank cuts interest rate

Metal stocks rallied in India on Tuesday morning, after the People's Bank of China (PBOC) lowered the 14 day reverse repo rate by 10 bps

Market today: GIFT Nifty up 150 pts; here's your trading guide for Sept 23

The US Federal Reserve's core inflation data slated to be released on Friday will be eyed closely for further cues on rate cuts

From auto to banks to IT: Analysts pick top sectors after US Fed rate cut

Analysts say banks, auto, real estate, IT, pharma, and metal sectors look attractive after the US Federal Reserve's rate cut

Fed made 'declaration of progress' with interest rate cut, says Biden

President Joe Biden said on Thursday the Federal Reserve's decision to lower interest rates was an important signal that inflation has eased as he poked at Donald Trump's economic policies as a failure in the past and sure to fail again if revived. Lowering interest rates isn't a declaration of victory," Biden told the Economic Club of Washington, DC. "It's a declaration of progress, to signal we've entered a new phase of our economy and our recovery. The Democratic president emphasised that there was more work left to do, but he used his speech to burnish his economic legacy even as he criticised Trump, his Republican predecessor who is running for another term. Trickle down down economics failed," Biden said. "He's promising again trickle down economics. It will fail again. Biden said Trump wants to extend tax cuts that disproportionately benefit the wealthy, costing an estimated USD 5 trillion, and implement tariffs that could raise prices by nearly USD 4,000 per family, somethi