''Economic activity expanded at a strong pace in the third quarter," the U.S. central bank said in a policy statement after a two-day meeting
Stock market on November 1, 2023: On the positive front, Sun Pharma gained nearly 3 per cent; Debutant Blue Health hit upper circuit on debut.
MSCI's index tracking EM stocks was unchanged, while a basket of developing markets currencies edged down 0.1% by 0902 GMT
Titan, Kotak Mahindra Bank, Asian Paints, HCL Technologies, Tech Mahindra, NTPC, Nestle and Power Grid were the major gainers
Fed Chair Jerome Powell has said the pieces of the low-inflation "puzzle" may be aligning, though the central bank hasn't declared its inflation fight over
The strong inflows from listed funds into the domestic markets come on the back of an increase in India's weightage
Mester noted Fed forecasts released at the September meeting eyed another increase in what is currently a federal funds target rate range of between 5.25% and 5.5% by the end of the year
Fed chief says geopolitical tensions are 'highly elevated'
Prices of government bonds can fall massively due to interest rate risk. But a fresh policy can change this
The US Federal Reserve's benchmark interest rate was 0, while central banks in Europe and Asia even ran negative rates to stimulate economic growth after the financial crisis and through the pandemic
The significant rise in US Treasury yields was based on the view that the US Federal Reserve might keep the rates higher for an extended period
Benchmark indices hit one-month lows on intraday basis
A summer in which inflation trended lower, jobs remained plentiful and consumers kept spending has bolstered confidence that the world's biggest economy will avoid recession
U.S. West Texas Intermediate crude futures were largely steady, up just 12 cents to $90.91 a barrel, after also jumping more than a $1 in earlier trading, and after losing 92 cents on Friday
The US is on the brink of a federal government shutdown after hard-right Republicans in Congress rejected a longshot effort to keep offices open as they fight for steep spending cuts and strict border security measures that Democrats and the White House say are too extreme. Come midnight Saturday with no deal in place, federal workers will face furloughs, more than 2 million active duty and reserve military troops will work without pay and programs and services that Americans rely on from coast to coast will begin to face shutdown disruptions. The Senate will be in for a rare Saturday session to advance its own bipartisan package that is supported by Democrats and Republicans and would fund the government for the short-term, through Nov. 17. But even if the Senate can rush to wrap up its work this weekend to pass the bill, which also includes money for Ukraine aid and U.S. disaster assistance, it won't prevent an almost certain shutdown amid the chaos in the House. On Friday, a ...
"We urge our clients to be prepared for that kind of stress," the JPMorgan Chase & Co. CEO said in an interview with the Times of India, saying a hard landing remains a risk for the US economy
Euro zone bond yields also held near multi-year highs as the narrative that central banks will keep rates higher for longer held sway
Consumption slowdown is a concern, although profitability margins are being protected due to softness in input prices, said Singh
The investment in Container Corporation of India within the India long-only portfolio will be removed and replaced with an investment in JSW Energy
A Fed spokesperson said the cuts are focused on the staff of the U.S. central bank's 12 regional reserve banks and mainly hit information technology jobs