Page 6 - Us Fed Rate Hike
Asia stocks wobble as focus turns to US inflation data, aggressive Fed hike
The unexpectedly strong US jobs data on Friday have raised the stakes for the July US consumer prices report due on Wednesday, especially for the Fed's policy outlook
 "Asia stocks wobble as focus turns to US inflation data, aggressive Fed hike")
Markets are now pricing in 50bps US Fed rate cut in 2023: Chris Wood
The US Fed raised the target range for the federal funds rate by another 75 bps to 2.25-2.50 per cent in its July meeting. The FOMC statement has downgraded its assessment of the economic situation
 "Markets are now pricing in 50bps US Fed rate cut in 2023: Chris Wood")
Rupee gains vs dollar as weak US GDP data softens Fed rate hike view
Dollar index falls as a contraction in US GDP eases Fed hike fears
 "Rupee gains vs dollar as weak US GDP data softens Fed rate hike view")
Gold, silver prices surge across India after US Federal Reserve hikes rates
Gold and silver have always remained some of the precious assets to safeguard against inflation
 "Gold, silver prices surge across India after US Federal Reserve hikes rates")
US Fed's pyrrhic victory over inflation after policy rate hiked by 75 bps
Powell cannot afford to take his eyes off the prize - to get inflation down
 "US Fed's pyrrhic victory over inflation after policy rate hiked by 75 bps")
Gold jewellery demand in India likely to dip in H2: World Gold Council
At the global level, the demand for gold (excluding OTC) was 8 per cent lower y-o-y at 948 tonnes. Combined with Q1-2022, the total demand in the first half of 2022 came in at 2,189t, up 12 per cent
 "Gold jewellery demand in India likely to dip in H2: World Gold Council")
Rupees, bonds gain despite 75 bps US Fed rate hike to tackle inflation
Markets perceive Fed as being less hawkish
 "Rupees, bonds gain despite 75 bps US Fed rate hike to tackle inflation")
F&O expiry: Sensex soars 1,041 pts, Nifty tops 16,900; Bajaj twins leap 10%
CLOSING BELL: Tata Steel, Kotak Bank, IndusInd Bank, Nestle, Infosys, Asian Paints, and Tech M were the other outperformers, up between 3 per cent and 4.6 per cent
 "F&O expiry: Sensex soars 1,041 pts, Nifty tops 16,900; Bajaj twins leap 10%")
Rupee, bonds gain on 'less hawkish' policy despite US Fed rate hike
Fed Chair Powell's comments suggest slower pace of hikes going ahead, say markets
 "Rupee, bonds gain on 'less hawkish' policy despite US Fed rate hike")
US Fed rate hike will intensify market risks for Asia's central banks
The expected 75-basis-points interest rate increase from the Federal Reserve this week will heap pressure on its Asian counterparts to speed up monetary tightening
 "US Fed rate hike will intensify market risks for Asia's central banks")
Asian stocks wobble on Walmart warning, looming US Fed rate hike
MSCI's broadest gauge of Asia stocks outside Japan meandered just above flat. Japan's Nikkei fell 0.2% and S&P 500 futures were down 0.4%
 "Asian stocks wobble on Walmart warning, looming US Fed rate hike")
Nasdaq falls with dollar, oil rises; earnings, Fed rate hike in focus
Nasdaq closed lower on Monday after a choppy session for US equities ahead of a big week of technology earnings reports while oil prices rose
 "Nasdaq falls with dollar, oil rises; earnings, Fed rate hike in focus")
Gold rises as dollar retreats; traders focus on Fed rate-hike path
Spot gold rose 0.7% to $1,719.49 per ounce by 0724 GMT, after falling to its lowest in nearly a year last week. U.S. gold futures gained 0.6% to $1,714.30.
No relief for markets as Fed gets aggressive to tame inflation: Chris Wood
The latest consumer inflation (CPI) print in the US for June came in at 9.1 per cent - the highest reading since 1981, and surpassed most analysts' expectations, who had pegged this at 8.8 per cent
Gold sheds over 2%, silver 5% on rampant dollar as Fed rate hike looms
(Reuters) - Gold slumped more than 2% to a near one-year low on Thursday, as the dollar extended its sharp rally while expectations grew for a steep interest rate hike from the Federal Reserve.
Rupee falls to 79.88 against dollar with 100 bps Fed hike on cards
The rupee was trading at 79.80 against the US dollar at 10.10am IST, compared to its close of 79.64 on Wednesday
 "Rupee falls to 79.88 against dollar with 100 bps Fed hike on cards")
Oil prices rise, Brent crosses $100 a barrel ahead of possible US rate hike
Brent crude futures for September climbed 68 cents, or 0.7%, to $100.25 a barrel by 0400 GMT after settling below $100 for the second straight session on Wednesday
 "Oil prices rise, Brent crosses $100 a barrel ahead of possible US rate hike")
Wall Street slides as strong jobs data fuels interest rate hike worries
Fed Governor Christopher Waller and St. Louis Fed President James Bullard said on Thursday they would support another 75-basis-point rate increase, but forecast a downshift to a slower pace afterward
 "Wall Street slides as strong jobs data fuels interest rate hike worries")
Gold prices bound for worst quarter in over a year on hawkish US Fed
(Reuters) - Gold slipped on Thursday, heading for its worst quarter in five as a hawkish tone from global central banks dimmed appeal for the non-yielding asset.
Indian stocks set to post their worst half-year performance in two years
Among sectors, the largest decline was seen in metal & information technology (IT) stocks, while relative outperformance was seen in auto counters
 "Indian stocks set to post their worst half-year performance in two years")