All eyes are on the US non-farm payrolls report, due Friday, for further clues on the Federal Reserve's monetary policy path
The brokerage also lowered the world's largest economy's GDP growth forecast for 2025 to 1.5 per cent from 2.0 per cent and projected three interest rate cuts
Thanks to President Donald Trump, not just the world but even the US Fed remains in a state of suspense over how his tariff-threats will pan out in the real world
On tariffs, prognosticators are struggling to understand the logic and legal basis behind Trump's so-called "reciprocal tariff" plan set for April 2
Benchmark indices up over 5% from recent lows but still trade 12% below record highs logged six months ago
The US Federal Reserve kept benchmark interest rates steady but signalled potential cuts later this year amid concerns over tariffs and a slowing economy.
In a widely expected move, the US Federal Reserve has decided to keep its interest rate target range unchanged at 4.25 to 4.5%.
Fed's Powell downplayed simmering concerns about a slowdown but acknowledged tariff uncertainty was a factor and already contributing to goods inflation
Stock Market Today, March 20: Gains in the domestic stock markets would be on the back of a rally in Wall Street stocks, where the Dow Jones climbed 0.92 per cent, the S&P 500 jumped 1.08 per cent
Taking stock of the Trump administration's rollout of tariffs, Fed officials actually marked up their outlook for inflation this year
Even as the economy undergoes what may be wrenching changes, the Federal Reserve on Wednesday is expected to signal it could cut its key interest rate twice this year - the same forecast it issued in December. Yet the reasons for those cuts may change dramatically, depending on how the economy fares. What were once seen as good news rate reductions in response to a steady decline in inflation back to the Fed's target of 2%, now could become bad news cuts that would be implemented to offset an economy struggling in the wake of widespread tariffs, rapid cuts in government spending, and a spike in economic uncertainty. At the end of last year, the Fed reduced its key interest rate three times to about 4.3% from 5.3%. The Fed had rapidly raised its rate to combat inflation, and as price growth headed lower, that allowed the central bank to reverse some of those rate hikes. In September, inflation dropped to a 3 1/2 year low of 2.4%. Yet inflation then marched higher for four straight .
Stock Market Today, Wednesday, March 19: The US Fed will announce its policy decision tonight amid concerns of inflation ticking higher due to US President Donald Trump's tariffs, if imposed.
President Donald Trump on Monday nominated Michelle Bowman to oversee the Federal Reserve's financial regulatory efforts, a move that could lead to looser rules for large banks. Bowman was appointed by Trump in 2018 to serve on the Fed's governing board. She replaces Michael Barr as the Fed's Vice Chair for Supervision, after Barr stepped down last month to avoid a legal fight that could have ensued had Trump carried out his threat to fire him. Barr, however, stayed on the seven-member Fed board, forcing Trump to pick from one of the existing governors. Her nomination was welcomed by banking industry lobbying groups, including the American Bankers Association and the Independent Community Bankers of America. As Vice Chair, Bowman will be the most powerful federal bank regulator, and will coordinate with the Federal Deposit Insurance Corp. and the Office of the Comptroller of the Currency on developing bank rules. The position requires Senate confirmation, though analysts expect she
Even as the Federal Reserve chair has touted US resilience, uneasiness sparked by President Donald Trump's rapidly escalating trade war has sent stocks tumbling over the past month
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