Page 22 - Us Federal Reserve

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

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