The fed funds futures market allows traders to place wagers on the precise timing of US central bank policy actions, and they did so to an eye-popping degree after this week's meeting
Sensex, Nifty50 fall for a third day as FPIs intensify selling
Closing Bell on Thursday, September 21: The broad-based selling was led by public sector banks with the Nifty PSU Bank index sliding 2.3 per cent
The dialed back pace of anticipated policy easing next year goes hand in hand with what policymakers expect to be mixed progress toward the Fed's 2% inflation goal
As they did in June, Fed policymakers at the median still see the central bank's benchmark overnight interest rate peaking this year in the 5.50%-5.75% range
The rupee had hit a fresh closing low of Rs 83.27 per US dollar on Monday, influenced by rising US Treasury yields and crude oil prices
Shares of HDFC Bank and Reliance Industries declined 4 per cent and 2.23 per cent, respectively, on Wednesday, September 20
Closing Bell on Wednesday, September 20: HDFC Bank shares were the biggest dragger on the benchmarks as they dropped nearly 4 per cent, while JSW Steel, and Reliance Industries fell over 2 per cent
Closing Bell on Monday, September 18: The S&P BSE Sensex fell 242 points to 67,597 levels, while the Nifty50 ended below the 20,150-mark at 20,133, lower by 59 points
The pan European index slipped 0.5%, dragged down by health care, bank and chip stocks. Societe Generale, France's third-biggest listed bank, saw its shares drop more than 6%
The Federal Reserve is widely expected to leave interest rates unchanged at a policy meeting next week, though views are split over whether the Fed will hike or pause again in November
Futures that settle to the Fed's policy rate had already priced in only a slight chance of a rate hike this month
While European Central Bank President Christine Lagarde and Powell offered few clues about their next steps at their upcoming decisions, each signaled ongoing concern about prices
By the end of July, the S&P 500 had risen almost 30% off its October lows
The yield on the benchmark 10-year bond closed at 7.20 per cent on Friday
"It is the Fed's job to bring inflation down to our 2% goal, and we will do so," Powell said in a keynote address to the Jackson Hole Economic Policy Symposium
Stocks to watch on August 25, 2023: Paytm promoter Antfin is likely to sell a 3.6 per cent stake, or 23 million shares, in the fintech company via block deals today
Market now eyes the US Federal Reserve Chairman Jerome Powell's speech in Jackson Hole Symposium on Friday
India is looking hot, though. Revenue growth at its wholly owned Fanuc India Private Ltd. doubled over the past two years, according to data filed with the Ministry of Corporate Affairs
Borrowing costs globally have also surged, with the US Treasury yields hitting their highest in 16 years as the bond market rout entered its sixth week on Tuesday