Page 33 - Us Federal Reserve

No confidence in the Fed

The Fed, like other independent central banks, jealously guards its credibility

US bank deposits fall $76.2 bn, led by large institutions: Fed data

Meantime, commercial bank lending rose $13.8 billion last week on a seasonally adjusted basis

Up nearly 10% in 2023, Fed policy pivot may provide fresh impetus to gold

Elevated interest rates in the US for a prolonged period could, on the other hand, cap the upside

Fed should alter its monetary policy framework: IMF's Gita Gopinath

She said central banks should be more willing to tolerate inflation below target at a time when unemployment is already low

Bull run enters 9th day for benchmarks; IT shares crack; AU SFB soars 17%

CLOSING BELL: IDBI Bank shares, too, surged 10 per cent after a Reuters report said the RBI has begun evaluating at least five potential bidders interested in picking up a majority stake in the lender

US consumer prices rise moderately in March; underlying inflation still hot

The Consumer Price Index (CPI) climbed 0.1% last month after advancing 0.4% in February, the Labor Department said on Wednesday

US bank lending declines by most on record in final weeks of March

The Fed's report showed that by bank size, lending decreased $23.5 billion at the 25 largest domestically chartered banks in the latest two weeks

It's big vs small as banks square off to avoid new rules after failures

Before the collapse of Silvergate Capital Corp and other regional institutions, bigger banks were steeling themselves for more regulations since Michael Barr took over as the Fed's No. 2 official

Recovering from Silicon Valley Bank's fall

The solutions lie with the Fed, VCs, in-house management, and Silicon Valley itself

Dollar sags after weak data, investors bet on Fed near to end of hike cycle

Sterling rose to a new 10-month high against the dollar, while the euro reached its highest since February

Key inflation gauge tracked by Federal Reserve slowed in February

The Federal Reserve's favoured inflation gauge slowed sharply last month, an encouraging sign in the Fed's yearlong effort to cool price pressures through steadily higher interest rates. Friday's report from the Commerce Department showed that consumer prices rose 0.3% from January to February, down from a 0.6% increase from December to January. Measured year-over-year, prices rose 5%, slower than the 5.3% annual increase in January. The report also showed that consumer spending rose 0.2% from January to February, a drop from a month earlier but an indication that households are still providing fuel for economic growth. Taken as a whole, Friday's figures show that inflation pressures, though easing gradually, still maintain a grip on the economy. The Fed has raised its benchmark rate nine times since March of last year in a strenuous drive to tame inflation, which hit a four-decade high in mid-2022. Even after having slowed, consumer prices are still posting year-over-year increase

Recap FY23: Five key events that shaped equity markets this fiscal year

The turbulence in FY23 can be attributed to a concoction of interest rate hikes, foreign investment outflows, a global war, soaring food, fuel prices and a global banking crisis

Bank rules under review in wake of SVB debacle: US Fed official

The Federal Reserve's bank supervisors informed Silicon Valley Bank's management as early as the fall of 2021 of risks stemming from its unusual business model, a top Fed official said on Tuesday, but the bank's managers failed to take the steps necessary to fix its problems. The Fed official, Michael Barr, the nation's top banking regulator, said during a Senate Banking Committee hearing that the Fed is considering whether stronger bank rules are needed to prevent a similar bank failure in the future. Supervisors had rated the bank at a very low rating," Barr said. At the holding company level it was rated deficient, which is also clearly not well-managed. The timeline that Barr laid out for when the Fed had alerted Silicon Valley Bank's management to the risks it faced is earlier than the central bank has previously said the bank was on its radar screen. Silicon Valley's deposits grew rapidly and were heavily concentrated in the high-tech sector, which made it particularly ...

Inflation, rate hikes play market party poopers in FY23; smallcaps hit hard

The small-caps were hit on the chin with the S&P BSE Small-cap index slipping nearly 7 per cent thus far during in FY23, underperforming the S&P BSE Midcap and the BSE 500 indexes

Crypto wrap: Market remained in green despite rate hikes by Fed, BoE

Another major development in the crypto world during the week was the US Securities and Exchange Commission's 'Wells notice' to crypto exchange Coinbase

Markets dip as Federal Reserve raises rates despite banking crisis

Bets that US central bank has finished raising rates cushion markets

Powell's playbook

Fed is striving to maintain a fine balance

Sensex snaps 2-day winning run, slips 289pts; Nifty below 17100; banks fall

CLOSING BELL: Selling in heavyweights like SBI (down 2 per cent), HCL Tech, Infosys, Reliance Industries, HDFC Bank, HDFC, and ICICI Bank weighed on the benchmarks

With the latest hike, US Fed's rate hikes reach 500bps in one year

Fed Chair Jerome Powell last night said "rate cuts are not in our base case" for the remainder of 2023

Top headlines: Fed hikes rate, law firms plan fee hike to retain talent

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