Page 24 - Us Federal Reserve
Central banks worldwide to ease monetary policy in coming year: Report
After racing ahead with the most aggressive tightening campaign in decades during 2022, 2023, central banks around the world poised to begin easing monetary policy as inflation continues to retreat
 "Central banks worldwide to ease monetary policy in coming year: Report")
US job growth surpass expectations in December; wages rise solidly
Average hourly earnings rose 0.4% in December after gaining 0.4% in the prior month. That raised the year-on-year increase in wages to 4.1% from 4.0% in November
 "US job growth surpass expectations in December; wages rise solidly")
US Federal Reserve sees interest rates staying high for some time
Fed policymakers acknowledged they were probably at the peak rate and would begin cutting in 2024
 "US Federal Reserve sees interest rates staying high for some time")
Mainstream economics' medieval inflation cure
In modern medicine, specific diagnosis leads to specific treatment, but mainstream economists hark back to the medieval approach, attributing all diseases to a common cause
 "Mainstream economics' medieval inflation cure")
Sensex leaps 491 pts, Nifty tops, 21,650; Realty index up 7%, Bajaj Fin 4%
Closing Bell on January 4, 2024: The Nifty Realty index jumped 6.76 per cent, followed by the Nifty Financial Services, Bank, and Private Bank indices (up over 1 per cent each)
 "Sensex leaps 491 pts, Nifty tops, 21,650; Realty index up 7%, Bajaj Fin 4%")
Record FPI inflows in debt market mark over 6-year high in December
FPI inflows into debt stood at Rs 18,393 crore in December, against Rs 14,106 crore in November, according to data on the National Securities Depository Limited
 "Record FPI inflows in debt market mark over 6-year high in December")
'Everyone got burned': Wall Street missed great stock rally of 2023
Blended together, these three calls - sell US stocks, buy Treasuries, buy Chinese stocks - formed the consensus view on Wall Street
 "'Everyone got burned': Wall Street missed great stock rally of 2023")
Gold price sits above $2,000 per ounce, heading for best in last 3 years
Gold investors anticipate record-high prices next year, when the fundamentals of a dovish pivot in U.S. interest rates are expected to support the market
 "Gold price sits above $2,000 per ounce, heading for best in last 3 years")
Biggest 2-month rally in decades rescues beaten-up bond markets
The US 10-year Treasury yield, the benchmark for borrowing costs globally, has dropped 50 basis points (bps) in December after falling 53 bps in November. Its two-month fall is the biggest since 2008
 "Biggest 2-month rally in decades rescues beaten-up bond markets")
Gold touches 3-week high as dollar eases on US Fed rate cut hopes
The Fed is set to start 2024 with fresh evidence that US price pressures are retreating, with data last week marking the first time since March 2021 that the annual PCE price index was below 3%
 "Gold touches 3-week high as dollar eases on US Fed rate cut hopes")
Allocate 20-30% to long-duration debt funds, enter with 6 to 8 years period
Even when investing solely for capital gains, stay flexible and extend investment horizon if required
 "Allocate 20-30% to long-duration debt funds, enter with 6 to 8 years period")
From India to Australia, Goldman sees banks easing policy earlier after Fed
Still, Goldman expects the rate reductions in the Asia-Pacific to be fewer and shallower than Fed officials' projected easing cycle
 "From India to Australia, Goldman sees banks easing policy earlier after Fed")
Hoping for reduction of rates from middle of FY25: SBI Chairman Khara
Khara also says, in an interview with Manojit Saha, the bank has a plan to plough back a significant part of its profit this financial year, and that would increase capital adequacy ratio by 140 bps
 "Hoping for reduction of rates from middle of FY25: SBI Chairman Khara")
US Federal Reserve pivot helps markets log seventh weekly advance
A dovish pivot by the US Federal Reserve and a sharp retreat in bond yields spurred risk appetite across the globe
 "US Federal Reserve pivot helps markets log seventh weekly advance")
Rupee rises to near 3-month high of 83 against US dollar amid stocks rally
The Indian currency had settled at 83.33 a dollar on Thursday
 "Rupee rises to near 3-month high of 83 against US dollar amid stocks rally")
Crypto wrap: US Fed's commentary on rate cuts in 2024 keeps market volatile
Cryptocurrency news: The outlook for 2024 continues to remain positive, mainly on the back of Bitcoin ETFs
 "Crypto wrap: US Fed's commentary on rate cuts in 2024 keeps market volatile")
Sensex sprints 970 pts, ends atop 71,450; Nifty holds 21,450; IT, PSBs jump
Stock market LIVE updates on December 15, 2023: In the broader markets, the BSE MidCap and SmallCap indices were ruling 0.44 per cent and 0.65 per cent higher, respectively
 "Sensex sprints 970 pts, ends atop 71,450; Nifty holds 21,450; IT, PSBs jump")
Wall Street traders go all-in on great monetary pivot of this year
"This is a massive paradigm shift on Wall Street, with the most aggressive rate-hiking cycle in decades coming to an end," said Adam Sarhan, founder of 50 Park Investments
 "Wall Street traders go all-in on great monetary pivot of this year")
Markets soar on dovish US Federal Reserve, Sensex settles atop 70K
US 10-yr treasury yield now below 4% as risk appetite increases
 "Markets soar on dovish US Federal Reserve, Sensex settles atop 70K")
US economy still strong as retail sales beat expectations, layoffs stay low
Retail sales increased 4.1% year-on-year in November. Though the pace has slowed as households adjust to higher borrowing costs and prices, it remains sufficient to ward off a recession
 "US economy still strong as retail sales beat expectations, layoffs stay low")