Us Fed
Gold recovers as oil retreats; key hurdle stands at $4,200
Gold prices are expected to remain volatile and choppy amid uncertainty over situation in the Middle East, may trade in the range of $4,000-$4,200 for now.
 "Gold recovers as oil retreats; key hurdle stands at $4,200")
US Supreme Court backs Trump's agency firings, spares Fed governor
The Supreme Court on Monday dramatically expanded presidential power, upholding President Donald Trump's firings of the heads of independent federal agencies with one important exception, the Federal Reserve. The justices allowed Fed governor Lisa Cook to stay in her job while she fights the Republican president's effort to fire her over allegations of mortgage fraud, which she has denied. But other than at the nation's central bank, with its role of setting interest rates, the court held that presidents have free rein to fire agency heads at will, despite federal laws that require a cause for such dismissals and a 91-year-old decision that had limited executive authority. With the six conservative justices in the majority, the nine-member court jettisoned its unanimous decision in Humphrey's Executor that had limited when presidents can fire agency board members - in part to try to ensure decision-making free of political influence. The justices ruled in the case of former Federal
 "US Supreme Court backs Trump's agency firings, spares Fed governor")
Best of BS Opinion: RBI strategy, Greenspan's legacy, and Kolkata's renewal
Today's opinions explore India's forex reserve strategy, Alan Greenspan's complex legacy, West Bengal's urban renewal agenda, maize-led farm growth and China's coercive diplomacy
 "Best of BS Opinion: RBI strategy, Greenspan's legacy, and Kolkata's renewal")
Alan Greenspan, who led Fed during boom before 2008 bust, dies at 100
Greenspan, who led the US Federal Reserve from 1987 to 2006, was celebrated for steering economic expansion but later faced criticism over the financial crisis that followed
 "Alan Greenspan, who led Fed during boom before 2008 bust, dies at 100")
US Fed's key inflation gauge likely to show rising price pressures
Forecasters expect the personal consumption expenditures price index, due Thursday, to show acceleration on both a monthly and year-over-year basis in May
 "US Fed's key inflation gauge likely to show rising price pressures")
Best of BS Opinion: G7 Summit delivers surprisingly constructive outcomes
Today's opinions examine the G7 summit, a changing US Federal Reserve, Karnataka's development priorities, India's infrastructure model and Indira Jaising's constitutional journey
 "Best of BS Opinion: G7 Summit delivers surprisingly constructive outcomes")
A new US Fed: Central bank aims to reform functioning as Marsh takes charge
Aside from the shifts, one of the biggest takeaways from the Fed statement and Mr Warsh's first press conference as its chairman was the firm commitment to price stability and the 2% inflation target
 "A new US Fed: Central bank aims to reform functioning as Marsh takes charge")
Fed begins Warsh era by keeping rates on hold, sees a hike later this year
The Fed kept rates unchanged but signalled a possible hike later this year as inflation concerns persisted under new Chair Kevin Warsh
 "Fed begins Warsh era by keeping rates on hold, sees a hike later this year")
Kevin Warsh faces tenuous balancing act in first Fed meeting as chairman
Kevin Warsh faces a delicate debut as Fed chief, balancing inflation risks, market expectations and Trump's calls for lower rates
 "Kevin Warsh faces tenuous balancing act in first Fed meeting as chairman")
Inflation data, US Fed rate decision likely to drive markets this week
Market investors would keenly track inflation data, the US Fed interest rate decision, and trends in crude oil prices to determine further movement, analysts said. Besides, the status of the US-Iran deal signing on Sunday, trading activity of foreign investors and movement in global markets would also drive sentiments in domestic equities, experts noted. "On the domestic front, investors will monitor the release of May WPI inflation data," Ajit Mishra SVP, Research, Religare Broking Ltd, said. Globally, the US Federal Reserve's policy decision will be the most significant event, he added. US President Donald Trump has said a deal to end the war with Iran would be signed on Sunday and that the strategic Strait of Hormuz would be "open to all" immediately afterwards. At the same time, Trump kept the threat of fresh attacks dangling if the deal failed to pan out as expected. Markets are likely to remain highly sensitive to developments surrounding the proposed USIran agreement, Pon
 "Inflation data, US Fed rate decision likely to drive markets this week")
US Fed chair nominee Warsh set to get Senate nod as inflation intensifies
Fed Governor Stephen Miran, currently the central bank's biggest advocate of rate cuts, will vacate his spot on the board to make room for Warsh
Why Powell chose a high-stakes path to stay at Fed after chair term ends
The question now is whether Powell's continued presence at the Fed will further inflame tensions between the administra- tion and the central bank
 "Why Powell chose a high-stakes path to stay at Fed after chair term ends")
US Fed, G7 central banks likely to keep interest rates on hold this week
Three days of decisions in Washington, Ottawa, London, Frankfurt and Tokyo are widely anticipated to result in unchanged borrowing costs across the club of rich nations
 "US Fed, G7 central banks likely to keep interest rates on hold this week")
Best of BS Opinion: Leadership change at US Fed will test global markets
From leadership shifts at the US Federal Reserve and Apple to rupee management, GST rate cuts and climate discourse, today's Opinion page captures key economic and policy debates
 "Best of BS Opinion: Leadership change at US Fed will test global markets")
US Fed nominee Warsh says he'll 'absolutely not' be Trump's stock puppet
Warsh was responding to a question from Senator John Kennedy of Louisiana about whether he would be a "sock puppet" for the president. "Absolutely not," Warsh responded
Iran war, oil shock: What US Fed's move means for equities, bonds, gold?
Fed signals 'higher for longer' rates. Analysts decode how investors can navigate equities, bonds, and gold amid inflation risks and market volatility due to Iran war
No plans to leave Fed until justice department investigation over: Powell
"I have no intention of leaving the board until the investigation is well and truly over, with transparency and finality," Powell said
 "No plans to leave Fed until justice department investigation over: Powell")
Trump warns Powell won't be 'very happy' if he stays on at Federal Reserve
The Trump administration has intensified its fight against the current Fed chair, issuing subpoenas hinting at a possible criminal probe into the central bank's renovation of Washington headquarters
 "Trump warns Powell won't be 'very happy' if he stays on at Federal Reserve")
Trump may name next Fed chair as early as next week: US Treasury chief
Trump has sharply criticized Jerome Powell, whose term as Fed chair ends in May, for not lowering interest rates fast enough
 "Trump may name next Fed chair as early as next week: US Treasury chief")
BlackRock's Rick Rieder bid for US Federal Reserve chair gainining momentum
The search is now a four-man race, some of the people said, among Rieder, National Economic Council Director Kevin Hassett, Fed Governor Christopher Waller and former governor Kevin Warsh
 "BlackRock's Rick Rieder bid for US Federal Reserve chair gainining momentum")