Page 21 - Us Federal Reserve

Glacial inflation slowdown set to back Fed's caution to cut interest rates

The March core consumer price index, a measure of underlying inflation that excludes food and fuel, is seen rising 0.3% from a month earlier after a 0.4% advance in February

4 shocks pushed up prices, led to supply disruptions and price reactions

Easing inflation, a smaller fiscal deficit and a turn in US Federal Reserve's policy rates create grounds for policy rate cuts in India

Fed will likely reduce their key interest rate later this year: Powell

Federal Reserve officials will likely reduce their benchmark interest rate later this year, Chair Jerome Powell said Wednesday, despite recent reports showing that the US economy is still strong and that US inflation picked up in January and February. The recent data do not ... materially change the overall picture, Powell said in a speech at Stanford University, which continues to be one of solid growth, a strong but rebalancing labour market, and inflation moving down toward 2 per cent on a sometimes bumpy path. Most Fed officials see it as likely to be appropriate to start cutting their key rate at some point this year," he added. In his speech, Powell also sought to dispel any notion that the Fed's interest-rate decisions might be affected by this year's presidential election campaign. The Fed will meet and decide whether to cut rates during the peak of the campaign, in July and September. Though inflation has cooled significantly from its peak, it remains above the Fed's 2 per

US Fed blocks tough global climate-risk rules for Wall Street Banks

European central bankers have been advocating for the Basel Committee on Banking Supervision to agree on requiring lenders to disclose their strategies for meeting green commitments

Markets scale new peaks in FY25 kickoff; Sensex ends 363 points higher

Optimism soars as slowing US inflation sparks Fed rate cut hopes this financial year

Highlights: BJP fields ex-diplomat Taranjit Sandhu from Amritsar, singer Hans Raj Hans from Faridkot, ex-Cong MP Preneet Kaur from Patiala for LS 2024

From Amit Shah's visit to Assam to US Federal Chair Jerome Powell's statement on interest rates and keeping an eye on inflation, track all the news from around the world here

Fed doesn't need to be in a hurry to cut rates, reiterates Jerome Powell

Investors are now betting the US central bank will make that first cut in June

Want to see 'more good inflation readings' before rates are cut: Powell

Federal Reserve Chair Jerome Powell on Friday reiterated a message he has sounded in recent weeks: While the Fed expects to cut interest rates this year, it won't be ready to do so until it sees more good inflation readings' and is more confident that annual price increases are falling toward its 2 per cent target. Speaking at a conference at the Federal Reserve Bank of San Francisco, Powell said he still expected "inflation to come down on a sometimes bumpy path to 2 per cent". But the central bank's policymakers, he said, need to see further evidence before they would cut rates for the first time since inflation shot to a four-decade peak two years ago. The Fed responded to that bout of inflation by aggressively raising its benchmark rate beginning in March 2022. Eventually, it would raise its key rate 11 times to a 23-year high of around 5.4 per cent. The resulting higher borrowing costs helped bring inflation down from a peak of 9.1 per cent in June 2022 to 3.2 per cent last .

US monthly inflation slows, consumer spending surges, reveals data

The personal consumption expenditures (PCE) price index rose 0.3% last month, the Commerce Department's Bureau of Economic Analysis said

Fed's balancing act could see rate cut in play even with sticky inflation

Others see a slowing economy and weakening job growth on the horizon, pushing the Fed to cut in order to support the labor market

Gold price climbs Rs 10 to Rs 66,940, silver falls Rs 100 to Rs 77,100

The price of 22-carat gold also rose Rs 10 with the yellow metal selling at Rs 61,360

Powell's words are mightier than the Fed's dot plot

Even with the caveat at the end, traders heard enough to set the S&P 500 Index on its way to an all-time high

Bond yields drop as US Federal Reserve sticks with three-rate-cut signal

The yield on the benchmark 10-year government bond fell by four basis points to settle at 7.05 per cent on Thursday, against 7.09 per cent on Wednesday

Bulls charge on D-Street as Fed signals three rate cuts; Sensex up 539 pts

The Nifty finished at 22,012, with a gain of 173 points, or 0.8 per cent

Monetary policy path

Global financial conditions are expected to ease

Investors richer by Rs 6 trn: Factors behind rally, market outlook & more

Stock market updates, March 21: The S&P BSE Sensex jumped 781 points intraday to hit a high of 72,882 level, while the Nifty50 reclaimed the 22,000-mark

US Fed keeps key rates unchanged at 5.25%-5.5% for 5th straight meeting

Fed still expects three rate cuts in 2024 despite sticky inflation, stronger economy

Rupee slumps to over 2 month low against Dollar, weakened 1.2% in FY24

Market participants speculated that the Reserve Bank of India has been intervening in the foreign exchange market via dollar buys

Bond yields changed little ahead of US Federal Reserve's rate decision

The benchmark 10-year yield ended at 7.0918%, following its previous close of 7.0981%

Markets feel weight of TCS stake sale; Sensex YTD returns turn negative

The Sensex fell 736 points, or 1.01 per cent, to close at 72,012