Page 2 - Us Federal Reserve

The US Federal Reserve might be more dovish than Jerome Powell thinks

Granted, the Fed's monetary policy doesn't directly determine economic growth. It operates by influencing broader financial conditions, which have eased a lot in the past year

Gold likely to consolidate next week as US data, Fed meeting loom: Analysts

Gold prices are expected to witness some consolidation and mild correction next week as the recent record-breaking rally looks overstretched and physical demand eases after the festive rush, analysts said. After hitting fresh highs in global and domestic markets, bullion may trade in a narrow range, with investors eyeing the US funding bill, key global data releases, and remarks from Federal Reserve officials ahead of the October 28-29 policy meeting, they added. "Gold prices are likely to see some corrections/ consolidation as ongoing fundamentals are already priced in and physical demand wanes post mid-week," Pranav Mer, Vice President, EBG - Commodity & Currency Research, JM Financial Services Ltd, said. He added that traders will monitor key global indicators, including Chinese data, UK inflation, provisional data on PMI from across regions, US consumer confidence and the Fed's commentary ahead of the October 28-29 meeting. Mer added that gold ended last week on a positive ...

Asia shares recover, dollar eases as Fed cut bets reclaim spotlight

Powell left the door open to further rate cuts on Tuesday and said the end of the central bank's long-running effort to shrink the size of its holdings may be coming into view

Gold hits record high above $4,100/oz on Fed rate cut bets, trade jitters

Spot gold rose 0.7% to $4,137.76 per ounce as of 11:22 a.m. ET (1522 GMT), after hitting a record high of $4,179.48 earlier in the session

Inflation beaten, Fed cuts rates, but prices remain high: Donald Trump

Inflation has risen in three of the last four months and is slightly higher than it was a year ago, when it helped sink then-Vice President Kamala Harris' presidential campaign. Yet you wouldn't know it from listening to President Donald Trump or even some of the inflation fighters at the Federal Reserve. Trump told the United Nations General Assembly late last month: Grocery prices are down, mortgage rates are down, and inflation has been defeated. And at a high-profile speech in August, just before the Fed cut its key interest rate for the first time this year, Federal Reserve Chair Jerome Powell said: Inflation, though still somewhat elevated, has come down a great deal from its post-pandemic highs. Upside risks to inflation have diminished. Yet dismissing or even downplaying inflation while it is still above the Fed's target of 2 per cent poses big risks for the White House and the Federal Reserve. For the Trump administration, it could find itself on the wrong side of a potent

Can gold and Bitcoin coexist on central bank books? Deutsche Bank weighs in

A declining dollar, fresh geopolitical and tariff uncertainty, and questions of the Fed's independence have led gold and Bitcoin to outperform

Supreme Court lets Lisa Cook remain as Federal Reserve governor for now

The Supreme Court on Wednesday allowed Lisa Cook to remain as a Federal Reserve governor for now, declining to act on the Trump administration's effort to immediately remove her from the central bank. In a brief unsigned order, the high court said it would hear arguments in January over Republican President Donald Trump's effort to force Cook off the Fed board. The court will consider whether to block a lower-court ruling in Cook's favour while her challenge to her firing by Trump continues. The high-court order was a rare instance of Trump not quickly getting everything he wants from the justices in an emergency appeal. Separately, the justices are hearing arguments in December in a separate but related legal fight over Trump's actions to fire members of the boards that oversee other independent federal agencies. The case concerns whether Trump can fire those officials at will. But a second issue in the case could bear directly on Cook's fate: whether federal judges have the ...

Rate cut could be a close call as RBI eyes lower CPI, steady growth view

RBI will pare CPI inflation projection again, but might not change growth estimate for now; dovish undertone likely

Fed's Lisa Cook warns US Supreme Court of market 'chaos' if she's fired

The Justice Department has asked the Supreme Court to let Trump remove Cook while it fights a lower court ruling that the economist is likely to succeed in her lawsuit

Gold prices to stay buoyant on Fed cuts, festive buying and global concerns

Gold prices are expected to remain buoyant in the coming week as a combination of global monetary easing, festive demand in Asia, central bank purchases and persistent geopolitical risks will lend support to the precious metal, analysts said. Traders will closely monitor the upcoming trade negotiations between the US and India, and Washington and Beijing, as well as provisional data on manufacturing and services PMI across regions. In addition, crucial US macroeconomic numbers including housing data, personal consumption expenditures, and consumer sentiment will shape market sentiment, they added. Pranav Mer, Vice President, EBG Commodity & Currency Research at JM Financial Services, said: "The bullion is expected to remain supported by firm festive demand in Asia, while ETFs and central banks continue to remain net buyers. Safe-haven buying remains mixed at current high prices." On the Multi Commodity Exchange (MCX), gold futures for October delivery surged Rs 1,616, or 1.5 per .

The US Fed's wrong move: Rate cuts risk fuelling inflation rebound

The Fed's estimate of the neutral rate is wrong. To adequately slow demand, the Fed appears to need the policy rate to be above 4 per cent

Opportunities in long-term bonds, but no big rally ahead: Devang Shah

Investors should focus on short-to-medium bonds and quality corporate debt as RBI nears the end of its rate cut cycle, says Shah

Asian shares to end big central bank week with gains, Nikkei hits record

MSCI's broadest index of Asia-Pacific shares outside Japan slipped 0.3 per cent on Friday but is still set for a weekly rise of 0.5 per cent, hovering not far from its four-year tops

Fed cuts rates 25 bps but inflation risks keep investors on edge

Some investors are now less certain that a rapid shift to lower borrowing costs will materialize, potentially dampening optimism that stocks and bonds would get a strong lift from easier policy

Fed in focus: Lower interest rates alone may not aid capital flows to India

This is an unusual position in modern central banking, and particularly for the Fed

Wall St hits record high after Fed indicates more rate cuts; Intel soars

Intel jumped 29% and was set for its biggest one-day gain since October 1987 after Nvidia said it would invest $5 billion in the struggling US chipmaker. Peer Advanced Micro Devices slipped 3.1%

Benchmark indices hit 10-weeks highs after US Fed's 25 bps rate cut

Sensex and Nifty rose to 10-month highs after the Fed's 25 bps cut, with IT and pharma leading gains amid optimism over India-US trade talks and stronger FPI inflows

Trump seeks Supreme Court order to remove Lisa Cook from US Fed board

The Trump administration on Thursday asked the Supreme Court for an emergency order to remove Lisa Cook from the Federal Reserve's board of governors. The Republican administration turned to the high court after an appeals court refused to go along with ousting Cook, part of President Donald Trump's effort to reshape the Fed's seven-member governing board and strike a blow at its independence. The White House campaign to unseat Cook marks an unprecedented bid to reshape the Fed board, which was designed to be largely independent from day-to-day politics. No president has fired a sitting Fed governor in the agency's 112-year history. Cook, who was appointed to the Fed's board by President Joe Biden, a Democrat, has said she won't leave her post and won't be bullied by Trump. One of her lawyers, Abbe Lowell, has said she will continue to carry out her sworn duties as a Senate-confirmed Board Governor.

Powell delivers 25-bps cut but keeps markets guessing on rate path

Federal Reserve Chair Jerome Powell cut rates by 25 bps but left investors uncertain on future easing, citing inflation risks as markets priced in deeper reductions

Asian shares rise as US stocks stay near record highs after Fed rate cut

Asian shares, led by tech stocks, were mostly higher Thursday after Wall Street indexes churned between gains and losses but ultimately remained near their record levels following the Federal Reserve's decision to cut its main interest rate. Japan's Nikkei 225 rose 1.3 per cent to 45,365.98, with tech-related stocks including Disco, Tokyo Electron and SoftBank among the gainers. The Bank of Japan started its two-day policy meeting, with rates expected to be left unchanged. South Korea's Kospi added nearly 1.3 per cent to 3,455.98, with chipmakers SK Hynix and Samsung Electronics among advancers. The Chinese markets were mixed. Hong Kong's Hang Seng slipped 0.2 per cent to 26,856.02, while the Shanghai Composite index added nearly 0.5 per cent to 3,893.95 on optimism over trade negotiations with the US and a potential TikTok agreement. Australia's S&P/ASX 200 dipped 0.5 per cent to 8,778.60 with data released Thursday showing the jobless rate was unchanged at 4.2 per cent in ...