Page 8 - Rate Cuts

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As global central banks consider rate cuts, inflation worries loom

Canada and the European Central Bank have been the first ones to introduce rate cuts, however, they have expressed their concerns about inflation

Govt bond yields extend losses tracking US yields on rate cut bets

The futures market is pricing in 50 basis points of rate cuts this year, according to the CME FedWatch tool

India bond market to wait for fiscal layout clarity before next rally: Citi

The Fed kept policy rates unchanged with the interest rate dot plot projecting only one rate cut in 2024, down from three signaled in March

Voices for interest rate cut growing within RBI's rate-setting panel

Voices for interest rate cut are growing within the Reserve Bank's rate-setting panel with external member Ashima Goyal joining ranks with another member Jayanth R Varma who for long has been advocating to reduce the key policy rate by at least 25 basis points. Reserve Bank's monetary policy committee voted for a status quo in repo rate with four members voting in favour and two against. "Dr. Shashanka Bhide, Dr. Rajiv Ranjan, Dr. Michael Debabrata Patra and Shri Shaktikanta Das voted to keep the policy repo rate unchanged at 6.50 per cent. "Dr. Ashima Goyal and Prof. Jayanth R Varma voted to reduce the policy repo rate by 25 basis points," according to Monetary Policy Statement, 2024-25 Resolution of the Monetary Policy Committee (MPC) released by the central bank. Goyal, Varma and Bhide are external members on the MPC. Ranjan, Patra and Das are RBI officials. In the February 2024 and December 2023 MPC meetings, Varma had made a case for lowering the benchmark interest rate by 25

Asia shares set for weekly gains as major central banks cut rates

The European Central Bank (ECB) delivered a well-telegraphed rate cut on Thursday, a day after the Bank of Canada became the first G7 nation to trim its key policy rate

Gold prices firm on Fed rate cut hopes; investors await more US data

Spot gold was up 0.2% at $2,331.84 per ounce as of 09:49 a.m. ET (1349 GMT), after posting a 2% gain last month. Prices hit an all-time high of $2,449.89 on May 20

Asia stocks rise on rate cut hopes, better-than-expected China's PMI data

Investors are a lot less dovish on the Fed, seeing little prospect of a move until September and even that is far from a done deal

Reserve Bank of India to delay interest rate cut to late this year: Poll

With near-8 per cent growth, the fastest among major world economies, and above-trend inflation there is also little urgency for the RBI to begin cutting rates unless concerns emerge about a slowdown

Election jitters, rate uncertainty trigger mkt tailspin for 4th day

Elections, rate cut concerns keep investors rattled

Dollar steady ahead of inflation data, yen weakens, Fed rate cut unlikely

The dollar was also lifted by rising Treasury yields after a lacklustre debt auction for sales

New Zealand budget expected to offer tax cuts, worsening outlook

The government has asked most departments and ministries to cut between 6.5 per cent and 7.5 per cent of their operating allowances

Asian shares drift after rally, Wall Street reopens amid rate cut bets

Japan's Nikkei, on the other hand, slipped 0.3 per cent, reversing some of the 0.7 per cent advance a day ago

Plenty of room for key interest rate reductions, says ECB's Villeroy

After a first rate cute next month that Villeroy described as a "done deal", debate among ECB policymakers remains open about how fast and far to keep easing after that

ECB policy must stay restrictive into 2025, says chief economist Lane

ECB policymakers needed to keep rates in restrictive territory this year to ensure that inflation kept easing

Asian shares surge ahead of critical US inflation data, rate cut expected

Holidays in the United States and UK made for thin trading ahead of Friday's figures on core personal consumption expenditures

Fed's favourite underlying inflation gauge cools, shows modest relief

Economists expect the personal consumption expenditures price index minus food and energy, due on Friday, to rise 0.2 per cent in April

Asian stocks fall, dollar advances amid wavering rate cut expectations

Data on Thursday showed US jobless claims dropped while S&P Global's Flash PMI survey showed business activity expanded

Federal Reserve officials urge patience on timing of initial rate cut

The policymakers spoke as the Fed has downplayed talk of any further rate hikes, but also noted they feel the economy needs to cool further

Global rate cuts: Slowing inflation primes G-7 central banks for June

Days after US data revealed cooler-than-expected consumer-price growth, the UK, Canada and Japan will all publish numbers for April that are likely to go in the same direction