Page 5 - Us Fed
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
 "Fed made 'declaration of progress' with interest rate cut, says Biden")
Indices hit new highs on volatile day; Rupee, government bonds gain
While benchmark indices rallied close to 1 per cent in early trade and made new record highs, valuation concerns and a sharp selloff in the broader markets led to profit-taking
 "Indices hit new highs on volatile day; Rupee, government bonds gain")
Gold, Equities, Oil, Bonds: What next for these assets after Fed rate cut?
US Fed rate cut: Asian equities, however, saw meaningful gains Thursday morning where Indian stock market hit fresh record highs
 "Gold, Equities, Oil, Bonds: What next for these assets after Fed rate cut?")
Tactically cautious on India, Fed rate cut quantum a surprise: Chris Wood
If the US Federal Reserve (US Fed) rate cut is combined with a weaker dollar then the EMs (ex-China) should do well
 "Tactically cautious on India, Fed rate cut quantum a surprise: Chris Wood")
US Fed slashes interest rates by 50 bps for the first time since 2020
Policymakers see the Fed's benchmark rate falling by another half of a percentage point by the end of this year, and another full percentage point in 2025
 "US Fed slashes interest rates by 50 bps for the first time since 2020")
Street awaits US Federal Reserve's first interest rate cut in 4 years
History suggests that the start of a rate-cut cycle alone is not a reliable trigger for market rallies
 "Street awaits US Federal Reserve's first interest rate cut in 4 years")
10-year bond yield falls to 6.79% on US Fed rate-cut expectations
Market participants said that the demand for ultra-long government securities will continue given the favourable demand-supply dynamic
 "10-year bond yield falls to 6.79% on US Fed rate-cut expectations")
US Fed likely to start long-awaited interest-rate cuts from Sep 17 meet
Traders now see just a 15 per cent chance of a half-point rate cut at the Fed's Sept. 17-18 policy-setting meeting
 "US Fed likely to start long-awaited interest-rate cuts from Sep 17 meet")
US banks share fall on warnings of slower-than-anticipated recovery
Bank executives this week softened investor hopes ahead of a widely expected interest rate cut by the Federal Reserve, as well as persistent worries over the economy
 "US banks share fall on warnings of slower-than-anticipated recovery")
US consumer prices rise 0.2% in Aug, underlying inflation shows stickiness
In the 12 months through August, the CPI advanced 2.5 per cent. That was the smallest year-on-year rise since February 2021 and followed a 2.9 per cent increase in July
 "US consumer prices rise 0.2% in Aug, underlying inflation shows stickiness")
Fed VC unveils sweeping bank capital rule changes after pushback, delays
The draft Basel rule, first unveiled in July 2023, overhauls how banks with more than $100 billion in assets calculate the amount of capital they must put aside to absorb potential losses
Rupee to decline after US data indicates larger Fed rate cut unlikely
The 1-month non-deliverable forward indicated that the rupee will open at 83.90 to the US dollar
 "Rupee to decline after US data indicates larger Fed rate cut unlikely")
Bitcoin touches $65,000 mark on Powell pivot, streak of ETF flows
The largest digital asset rose as much as 1.2 per cent to $65,030 on Monday before dipping back to $63,780 as of 9:19 a.m. in New York
 "Bitcoin touches $65,000 mark on Powell pivot, streak of ETF flows")
As Fed's focus shift to protecting job market, policy needs to catch up
Powell's signal of coming rate cuts completed a Fed shift that began in January when it acknowledged emerging job market risks
 "As Fed's focus shift to protecting job market, policy needs to catch up")
As US economy, Fed approach crossroads, all eyes on Powell, Jackson Hole
On Friday, Powell will again deliver his most important policy speech of the year from that closely watched stage
 "As US economy, Fed approach crossroads, all eyes on Powell, Jackson Hole")
Fed chief Powell confronts policy crossroads with all eyes on Jackson Hole
The hotly anticipated speech at the Fed's annual gathering in Jackson Hole, Wyoming, comes at a high stakes moment for the US central bank and the $27 trillion Treasury market
Weak dollar, western investor buying drive gold prices to record high
The dollar touched a seven-month low on Tuesday with traders bracing for comments from Federal Reserve Chair Jerome Powell on Friday
 "Weak dollar, western investor buying drive gold prices to record high")
Gold pares gains after hitting records as focus turns to Jackson Hole
Bullion climbed to as high as $2,531.75 an ounce, taking this year's gain to more than 22 per cent, before giving up some of the advance
 "Gold pares gains after hitting records as focus turns to Jackson Hole")
Yen rises sharply, euro touches its highest this year as dollar retreats
The minutes of the Fed's July meeting, due on Wednesday, and Powell's speech on Friday are likely to be the main currency drivers in a week that will also see inflation data from Canada and Japan
 "Yen rises sharply, euro touches its highest this year as dollar retreats")
As US Fed hints at rate cut speculation begins among central bankers
Inflation and the labor market have both cooled appreciably since then, and Fed Chair Jerome Powell says policymakers think the time for cutting the policy rate is approaching
 "As US Fed hints at rate cut speculation begins among central bankers")