Page 13 - Us Federal Reserve

Fed Chair Jerome Powell says no need to hurry rate cuts with strong economy

US central bankers began lowering borrowing costs in September with an aggressive half-percentage-point cut, and then lowered the policy rate again by a quarter point last week

BS BFSI Summit: Economists prioritise local inflation over Fed policy

Nayar emphasised the importance of local inflation factors like food and rent on inflation expectations

BS BFSI Summit: Tracking food inflation as well as US Fed, say economists

BS BFSI Summit: While food inflation is a prominent factor in India's economic policy, global influences, particularly from the US Fed, cannot be overlooked, say economists at Business Standard summit

India bond yields inch lower after Fed rate cut pulls down US Treasury

The Fed cut interest rate by 25 basis points on Thursday, as widely expected, amid a cooling labour market, while noting that economic growth remained solid

Explained: How Trump could influence the makeup of the Federal Reserve

Powell's term as chair expires in May 2026, and Trump will have an opportunity to install a new Fed chief then

Jerome Powell signals readiness to defy Trump in Federal Reserve's defence

The comments, just two days after Trump's re-election, portend the power struggle that may lie ahead between the central bank and a president who insists he should have a say on interest-rate policy

Federal Reserve cuts key interest rate by 25 bps to support economy

Officials voted unanimously to lower the federal funds rate to a range of 4.5% to 4.75%. The adjustment follows a larger, half-point cut in September

US Fed set to cut interest rates again as post-election uncertainty grows

Federal Reserve officials are poised Thursday to reduce their key interest rate for a second straight time, responding to a steady slowdown of the inflation pressures that exasperated many Americans and contributed to Donald Trump's presidential election victory. Yet the Fed's future moves are now more uncertain in the aftermath of the election, given that Trump's economic proposals have been widely flagged as potentially inflationary. His election has also raised the specter of meddling by the White House in the Fed's policy decisions, with Trump having proclaimed that as president he should have a voice in the central bank's interest rate decisions. The Fed has long guarded its status as an independent institution able to make difficult decisions about borrowing rates, free from political interference. Yet during his previous term in the White House, Trump publicly attacked Chair Jerome Powell after the Fed raised rates to fight inflation, and he may do so again. The economy is al

Commodities remain under pressure on likely Trump win in US prez race

The Federal Reserve starts a two-day monetary policy meeting on Wednesday and is expected to deliver another 25-basis-point rate cut

Fed and peers will go ahead with rate cuts after this week's US Election

Election aside, US policymakers have already communicated a desire to proceed with a more gradual pace of rate cuts

Fed seen on track for 25-basis-point interest rate cuts next week, in Dec

The increase of 12,000 nonfarm payroll jobs last month was far short of the 113,000 economists had anticipated

Forex reserves of $6 trn to serve as Asia's shield from resurgent dollar

Asian currencies have come under pressure in October, as rising odds of a Donald Trump presidency and uncertainties over the pace of the Federal Reserve's easing bolstered the greenback

US economy has grown at solid pace again last quarter despite high rates

Powered by consumer spending, the U.S. economy likely kept expanding at a healthy pace from July through September despite the pressure of still-high interest rates. The Commerce Department is expected to report Wednesday that the gross domestic product the economy's total output of goods and services grew at a 2.6% annual pace last quarter, according to a survey of forecasters by the data firm FactSet. That would be down from a 3% annual rate in the April-June period. But it would still amount to a solid pace as Americans ponder the state of the economy in the final stretch of the presidential race. Wednesday's report is the first of three estimates the government will make of GDP growth for the third quarter of the year. The U.S. economy, the world's biggest, has shown surprising resilience in the face of the much higher borrowing rates the Federal Reserve imposed in 2022 and 2023 in its drive to curb inflation. Despite widespread predictions that the economy would succumb to a .

US posts $1.8 trn annual deficit, highest outside of Covid: Treasury data

Treasury officials highlighted that the widening was largely due to accounting for the Biden administration's broad student debt relief plan

Fed officials signal more rate cuts as inflation cools, Bostic open to skip

Minutes of the Fed's meeting released on Wednesday showed the decision had been a close call, and Goolsbee on Thursday said he expected more close-call meetings ahead

RBI shifts stance, hints at rate cut as Fed and ECB ease policies

The Reserve Bank of India has now changed the stance, but not yet cut the policy repo rate.

Unambiguous commitment: MPC wants the disinflation process to be completed

Monetary policy committee's shift offers flexibility but no signal of rate cuts; RBI Governor highlights inflation and stability as key priorities

Fed's Williams says appropriate again to cut rates 'over time': Report

On Friday, government data showed an unexpectedly strong job market, which called into question widespread concerns the labor sector was weakening

Indian bond yields expected to inch up as 10 year US yield tops 4%

Expectations of a 25 bps cut in November are at 88 per cent, while bets of no cut rose to 12 per cent from less than 10 per cent a day ago

US benchmark 10-year Treasury yield rise to 4%, keeps equity bulls in check

Markets slashed bets on a 50-basis-point rate cut at the Federal Reserve's next policy announcement on Nov. 7 - which had been above 50 per cent a week ago