Page 26 - Us Federal Reserve
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")
Government bonds, rupee gain after US Federal Reserve raises hopes
Traders expect the benchmark yield to trade between 7.10-7.25 per cent in the near term, given the positive sentiment
 "Government bonds, rupee gain after US Federal Reserve raises hopes")
Dollar hits 4 month low as Fed signals rate cuts, NOK stronger after hike
Fed Chair Jerome Powell said at Wednesday's Federal Open Market Committee (FOMC) meeting that the historic tightening of monetary policy is likely over
 "Dollar hits 4 month low as Fed signals rate cuts, NOK stronger after hike")
Sensex up 930 pts, Nifty tops 21,150 as Fed sounds dovish; IT, Realty soar
Closing Bell on December 14, 2023: At close, the Sensex index stood at 70,514, up 930 points or 1.34 per cent, while the Nifty50 settled 256 points, or 1.23 per cent, higher at 21,183
 "Sensex up 930 pts, Nifty tops 21,150 as Fed sounds dovish; IT, Realty soar")
US Fed keeps policy rates unchanged for 3rd time: Here're 5 key takeaways
A near unanimous 17 of 19 Fed officials project that the policy rate will be lower by the end of 2024 than it is now
 "US Fed keeps policy rates unchanged for 3rd time: Here're 5 key takeaways")
US Fed holds policy rate in 5.25%-5.50% range, sees 75 bps cut next year
Fed's 'soft landing' scenario still on the table
 "US Fed holds policy rate in 5.25%-5.50% range, sees 75 bps cut next year")
Dollar, US stocks gain, Treasury yields dip ahead of Fed announcement
The main market focus will be on Fed officials' updated economic and interest rate projections, with the U.S. central bank expected to leave rates unchanged for the third consecutive meeting
 "Dollar, US stocks gain, Treasury yields dip ahead of Fed announcement")
US CPI rises 3.1% in Nov, uptick not Fed incentive for early ease: Experts
The consumer price index edged up 0.1% last month after being unchanged in October, the Labor Department's Bureau of Labor Statistics said Tuesday
 "US CPI rises 3.1% in Nov, uptick not Fed incentive for early ease: Experts")
US inflation likely cooled again last month as Fed prepares to assess rates
This year's steady slowdown in US inflation likely continued in November, though the latest data may also point to steadily higher prices in some areas of the economy. Tuesday's inflation report from the Labor Department is expected to show that businesses kept overall prices unchanged for a second straight month. Falling gas prices, in particular, are thought to have offset a rise in food costs from October to November. And compared with a year earlier, inflation is expected to ease to 3.1 per cent from 3.2 per cent in October, according to a survey of economists by FactSet. But a closely watched category called core prices, which excludes volatile food and energy costs, is predicted to rise 0.3 per cent from October to November a monthly pace that far outpaces the Federal Reserve's 2 per cent annual inflation target. On a year-over-year basis, core prices are expected to increase 4 per cent, the same as in October. The Fed considers core prices to be a better guide to the likely
 "US inflation likely cooled again last month as Fed prepares to assess rates")
Gold prices fall on a firm dollar as spotlight moves to US CPI data
In the limelight now, is the November US consumer price report due on Tuesday, which could offer more rate cut clues ahead of the Fed's statement and Chair Jerome Powell's comments on Wednesday
 "Gold prices fall on a firm dollar as spotlight moves to US CPI data")
US job growth accelerates in November, unemployment rate drops to 3.7%
Nonfarm payrolls increased by 199,000 jobs last month, the Labor Department's Bureau of Labor Statistics (BLS) said in its closely watched employment report on Friday
 "US job growth accelerates in November, unemployment rate drops to 3.7%")
Fed pivot to interest-rate cuts seen likely to start in May, traders bet
A separate report Friday showed U.S. consumer sentiment improved more than expected in December as households saw inflation pressures easing
 "Fed pivot to interest-rate cuts seen likely to start in May, traders bet")
US 10-year yields hit three-month lows on growth concerns, rate change
US data this week will be closely watched for new clues on the strength of the economy, with Friday's jobs report for November the main focus
 "US 10-year yields hit three-month lows on growth concerns, rate change")
Fed cut expectations 'overdone,' volatility to jump in 2024: BlackRock
"Market pricing for rate cuts is a bit overdone in our view," said Wei Li, Global Chief Investment Strategist for BlackRock. "Rate volatility is here to stay"
 "Fed cut expectations 'overdone,' volatility to jump in 2024: BlackRock")