Fed officials have signaled they may be on hold for some time amid uncertainty around President Donald Trump's economic policies, particularly on trade
The price of 22-carat gold rose Rs 10, with ten grams of the yellow metal selling at Rs 80,660
The price of 22-carat gold fell Rs 10, with ten grams of the yellow metal selling at Rs 79,890
Powell will deliver his remarks to an economic conference just ahead of the communications blackout for the Fed's March 18-19 policy meeting
The unemployment rate is forecast at 4.1 per cent amid historically low layoffs, with wages rising solidly
Tariffs on China are set to begin on Tuesday, and Trump has signaled he will impose duties on other trading partners as well
US Department of Justice stated that on February 4, 2020, in response to questioning by the FRB-OIG, Rogers lied about his accessing and passage of sensitive information and his associations
Inflation is nearly contained, but the Fed sees enough uncertainty and risk on the horizon that it has moved to the sidelines, at least for now
Trump commented after the Federal Open Market Committee voted unanimously to keep the federal funds rate in a range of 4.25%-4.5%
Trump, who frequently criticized Powell and the Fed during his first term, again is testing those limits, saying last week that he'll "demand" immediate interest-rate cuts
In the previous session, the Sensex jumped 631.55 points, or 0.83 per cent, to settle at 76,532.96. The Nifty50 also added 205.85 points, or 0.90 per cent, to close at 23,163.10
Fed officials say they largely believe the progress in lowering inflation will resume this year, but have now put rates on hold as they await data to confirm it
Investors and many economists still expect the Fed to reduce interest rates later this year, but the watchword for policymakers for now may be caution until they are more certain inflation will fall
In the previous session, the Sensex declined 329.92 points, or 0.43 per cent to 76,190.46. Similarly, the Nifty50 ended the day 113.15 points, or 0.49 per cent, lower at 23,092.20
Stock Market LIVE on Friday January 24, 2025: At 6:56 AM, GIFT Nifty futures were trading 33 points higher at 23,297, indicating a higher start for the bourses
With inflation moving closer to US Federal Reserve's target, and data showing a stable labor market, the Fed could afford to wait for more data before undertaking further interest rate cuts, she said
In the previous session, the Sensex ended at 78,141.06, registering a decline of 58 points or 0.07 per cent, while the Nifty50 closed at 23,688.95, down 19 points or 0.08 per cent
The minutes, to be released at 2 p.m. EST (1900 GMT) on Wednesday, may help clarify how policymakers will approach further rate reductions
Barr's early exit now clears the way for Trump, who will be sworn in on Jan. 20, to appoint an entirely fresh slate of banking regulators and begin work on a more industry-friendly agenda
Mr Trump's antagonism towards Mr Powell is baffling, given that Mr Powell has been doing an excellent job