A 41 per cent plurality of economists expect the US Fed to signal two cuts in the closely watched dot plot, while an equal number expect the forecasts to show just one or no cuts at all
Economists had already been pushing their forecasts for rate cuts to later in the year, predicting the RBI won't move until the US Federal Reserve pivots
Investors are a lot less dovish on the Fed, seeing little prospect of a move until September and even that is far from a done deal
Overall, they put a probability of 40 per cent on the Fed losing its autonomy under a second Trump administration
ECB policymakers led by President Christine Lagarde have insisted they're comfortable plowing a separate furrow from the Federal Reserve
RBI's MPC has sounded caution on sticky food inflation, Goldman Sachs says, owing to supply-side disruptions due to the ongoing hot weather conditions in many parts of India
Economists expect the personal consumption expenditures price index minus food and energy, due on Friday, to rise 0.2 per cent in April
The downside pressure on gold further intensified on Thursday on better-than-expected S&P US Global manufacturing and services PMI data
Stock market LIVE updates on Thursday, May 23, 2024: In the broader markets, the S&P BSE MidCap index hit a new high of 43,442.5, while the S&P BSE SmallCap index touched a new lifetime high of 48,229
Officials since that meeting have tamped down expectations for imminent interest rate cuts, which investors now see beginning in September
The policymakers spoke as the Fed has downplayed talk of any further rate hikes, but also noted they feel the economy needs to cool further
"The economy now seems to be evolving closer to what the Committee expected," Waller said, referring to the central bank's policy-setting Federal Open Market Committee
"Fears of weaker demand led to selling as the prospect of a Fed rate cut became more distant," said analyst Toshitaka Tazawa at Fujitomi Securities
Japan's Nikkei was a rare bright spot, rising 0.2%, adding to the previous day's 0.73% rally
The yield on the 5-year government bond settled at 7.09 per cent on Friday
Calendar year 2024 (CY24) will be a good year for 'quality stocks and bonds', according to analysts at Morgan Stanley. Stocks, they said, have priced in a 'perfect landing' scenario
Days after US data revealed cooler-than-expected consumer-price growth, the UK, Canada and Japan will all publish numbers for April that are likely to go in the same direction
Powell, 71, previously tested positive for Covid in January 2023. The next meeting of the Fed's policy-setting committee is set for June 11-12
Traders are pricing in 47 basis points of easing this year from the Fed, with a rate cut in November fully priced in
The metal was changing hands at $2381 at the time of the MCX closing, which is down 0.20 per cent from Wednesday's closing level