Page 20 - Us Federal Reserve

Will Fed cut rates? What 60,000 headlines say about its next moves

Bloomberg Economics' Fed sentiment index - powered by a natural language processing algorithm based on more than 60,000 Fed headlines - shows that in December, Powell delivered a major pivot.

US economic growth in Jan-Mar slows to a 2-year low; inflation surges

The economy grew at a 3.4% rate in the fourth quarter. The first quarter growth's pace was below what U.S. central bank officials regard as the non-inflationary growth rate of 1.8%

RBI holds back US dollar sales in February amid pressure on rupee

India's foreign exchange reserves have been hitting new peaks for the past seven consecutive weeks

Gold price slips Rs 10 to Rs 73,680, silver falls Rs 100 to Rs 85,400

The price of 22-carat gold also dipped Rs 10, with the yellow metal selling at Rs 67,540

Federal Reserve's preferred inflation gauge set to back rate-cut patience

Policymakers' preferred inflation gauge - the personal consumption expenditures price index - probably stayed elevated in March, according to data due in the coming week

Central banks globally struggle to keep up with US Fed's rate cut timeline

IMF officials urged Asian central banks to stick to their own knitting and avoid the temptation to lash their policy decisions too closely to anticipated moves by the Fed

Gold price slips Rs 10 to Rs 73,390, silver rises Rs 100 to Rs 86,400

The price of 22-carat gold also dipped Rs 10, with the yellow metal selling at Rs 67,640

Fed Chair Powell's US rates warning means headache for rest of the world

China doesn't have such inflation worries, but rise in the premium of US 10-year government bond yields over their Chinese equivalents to a record high has sparked concerns over depreciation of yuan

Gold price slips Rs 10 to Rs 74,120, silver falls Rs 100 to Rs 86,400

The price of ten grams of 24-carat gold in Mumbai is in line with prices in Kolkata and Hyderabad, at Rs 74,120

Powell denies any guidance on rate cuts, hints at 'restriction' instead

Powell's comments further squashed any lingering expectations of the Fed cutting rates in the near term, with markets pricing in September as the new starting point of the easing cycle

US Fed should not act urgently to cut interest rates unless required: Daly

The worst thing to do is act urgently when urgency is not required, Daly, one of 19 US central bankers who set monetary policy, said at the Stanford Institute for Economic Policy Research

Rupee depreciates 6 paise to 83.44 against US dollar in early trade

The rupee declined 6 paise to 83.44 against the US dollar in early trade on Monday, tracking negative equity markets and withdrawal of foreign funds amid renewed concerns over geopolitical tensions in the Middle East. Forex traders said a strong American currency in the overseas market and curde oil prices hovering above USD 90 per barrel also dented investor sentiments. At the interbank foreign exchange, the rupee opened at 83.46 against the dollar and gained slightly to 83.44 in the initial trade, registering a fall of 6 paise over its previous close. On Friday, the rupee closed 7 paise lower at 83.38 against the US dollar. Meanwhile, the dollar index, which gauges the greenback's strength against a basket of six currencies, was trading 0.08 per cent lower at 105.75. The higher dollar index was attributed to diminishing expectations of an immediate rate cut by the US Federal Reserve. Brent crude futures, the global oil benchmark, declined 0.31 per cent to USD 90.17 per barrel.

'Govt bond yields expected to stabilise after witnessing last week's surge'

The market will be closely monitoring the movement of crude oil prices given the geopolitical conflict heating up in the Middle East, said dealers

The Sino-US thaw

Yellen visit moves the needle

Soft or no landing? US Fed's economic picture becomes complicated

Fed policymakers have taken an increasingly cautious tone when they talk about when and how much they might lower borrowing costs

Moderate US producer price, cost of services soothes inflation concerns

High inflation and persistent labor market strength have prompted financial markets and most economists to push back expectations for an initial Fed interest rate cut to September from June

Are the stock markets prepared for a delay in interest rate cut?

As regards rate cuts, analysts expect the global central banks, especially in Asia, to follow the Fed in rate cutting cycle

Biden predicts Fed will cut rates by end of year despite high inflation

Biden in a statement earlier Wednesday acknowledged the administration had more to do to lower prices

ECB keeps rates unchanged as world's central banks wrestle with when to cut

The European Central Bank left its key interest rate benchmark unchanged Thursday, choosing to wait for confirmation that rapidly receding inflation is firmly under control before cutting rates to support an economy that's struggling to grow. The bank's rate-setting council said in its post-decision statement that, Most measures of underlying inflation are easing... But domestic price pressures are strong and are keeping services price inflation high. President Christine Lagarde's news conference will be scrutinised for hints about the potential downward path of rates at future meetings. The policy meeting at the bank's skyscraper headquarters in Frankfurt is widely regarded as a prelude to a likely rate cut at the next meeting on June 6, after Lagarde dropped a broad hint by saying that the bank would have more information on the path of inflation at that meeting. The decision comes as the rich world's central banks including the ECB and the US Federal Reserve are weighing when ..

US dollar turns lower after producer prices for March, jobless claims data

A separate report showed the U.S. initial jobless claims were 211,000 for the week ended April 6, compared with a forecast for 215,000 claims