Page 15 - Us Federal Reserve

US Fed set to cut key rate but consumers might not benefit anytime soon

Federal Reserve officials on Wednesday will likely signal a slower pace of interest rate cuts next year compared with the past few months, which would mean that Americans might enjoy only slight relief from still-high borrowing costs for mortgages, auto loans and credit cards. The Fed is set to announce a quarter-point cut to its benchmark rate, from about 4.6% to roughly 4.3%. The latest move would follow a larger-than-usual half-point rate cut in September and a quarter-point reduction in November. Wednesday's meeting, though, could mark a shift to a new phase in the Fed's policies: Instead of a rate cut at each meeting, the Fed is more likely to cut at every other meeting at most. The central bank's policymakers may signal that they expect to reduce their key rate just two or three times in 2025, rather than the four rate cuts they had envisioned three months ago. So far, the Fed has explained its moves by describing them as a recalibration of the ultra-high rates that were ...

Day after all-time low, rupee falls 1 paisa to 84.92 against US dollar

The rupee dropped 1 paisa to 84.92 against the US dollar in early trade on Wednesday and hovered around its all-time low level, as traders await more cues from the US FED on the interest rate front. Forex traders said dollar demand from importers and foreign banks and a muted trend in domestic equities further dented investor sentiments. At the interbank foreign exchange, the rupee opened at 84.92 against the greenback, registering a fall of 1 paisa over its previous close. On Tuesday, the rupee revisited its all-time low closing level of 84.91 against the US dollar. The rupee remains under pressure from both global and local factors. On the global front, the ripple effects of the Federal Reserve's anticipated slowdown in rate cuts for 2025 have been felt in India, as evidenced by a correction of over 1 per cent in Indian equities, CR Forex Advisors' MD-Amit Pabari said. Equity benchmark indices Sensex and Nifty slumped over 1 per cent on Tuesday, weighed down by an across-the-boa

Markets today: Nasdaq; Toss The Coin, Jungle Camps listing; US Fed meeting

Early indicators point to a weaker start, as GIFT Nifty futures were trading 51 points lower at 24,687 around 6:31 AM

BlackRock sees investor shift from cash after even 'modest' rate cuts

Expectations earlier this year that the US central bank would cut interest rates aggressively after hiking them to fight inflation have moderated in recent months

Markets Today: Vishal Mega, MobiKwik IPOs; US inflation data; Gold rates

In the previous session, the Sensex settled at 81,510.05, up marginally by 1.59 points. In contrast, Nifty settled at 24,610.05, down 8.95 points, or 0.05 per cent

Donald Trump could clash with Federal Reserve in coming years, reasons here

President-elect Donald Trump campaigned on the promise that his policies would reduce high borrowing costs and lighten the financial burden on American households. But what if, as many economists expect, interest rates remain elevated, well above their pre-pandemic lows? Trump could point a finger at the Federal Reserve, and in particular at its chair, Jerome Powell, whom Trump himself nominated to lead the Fed. During his first term, Trump repeatedly and publicly ridiculed the Powell Fed, complaining that it kept interest rates too high. Trump's attacks on the Fed raised widespread concern about political interference in the Fed's policymaking. On Wednesday, Powell emphasized the importance of the Fed's independence: That gives us the ability to make decisions for the benefit of all Americans at all times, not for any particular political party or political outcome. Political clashes might be inevitable in the next four years. Trump's proposals to cut taxes and impose steep and ..

Gold prices inch higher on Fed rate optimism with US data due in December

UBS said it expects the Fed to cut by 25 basis points in December, followed by another 100 bps of easing through 2025

Fed's Jerome Powell may have made US monetary policy boring again

For all potential controversy around the Fed posed by Donald Trump's victory in the Nov. 5 election - hints, for example, that the U.S. president-elect might rekindle his first-term feud with Powell

Stock Market Close Highlights: Sensex adds 230pts, Nifty atop 24,250; NTPC Green, Adani shares shine

Stock Market Highlights: NTPC Green Energy, which made its debut today, ended higher by 8.74 per cent at Rs 121.25 on the NSE, from its IPO allotment price of Rs 108

Markets Today: NTPC Green IPO listing, FOMC Minutes, US Q3 GDP est, FIIs

At 6:40 AM, GIFT Nifty futures were trading 11 points higher at 24,228, suggesting a flat to positive start for the Indian bourses

Gold jumps Rs 1,400 to Rs 79,300 per 10 gm; silver remains flat at Rs 93K

The precious metal of 99.9 per cent purity had closed at Rs 77,900 per 10 grams in the previous session. However, silver traded flat at Rs 93,000 per kg on Thursday

Gold jumps Rs 1,400 to Rs 79,300 per 10 gm; silver flat: Industry body

The precious metal of 99.9 per cent purity had closed at Rs 77,900 per 10 grams in the previous session. However, silver traded flat at Rs 93,000 per kg on Thursday

Wall Street fall as US data, Fed comments signal slower rate cut path

Fed Chair Jerome Powell said on Thursday central bank did not need to rush to lower interest rates due to ongoing economic growth, a solid job market and inflation that remains above its 2% target

Fed's Susan Collins says December interest rate cut still on the table

The Boston Fed chief noted inflation has come down "significantly," adding she's not seeing new price pressures and that "it's important to stay the course."

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