Page 36 - Us Federal Reserve

Markets too optimistic on interest rate reversal, says Hechler-Fayd'herbe

Hechler-Fayd'herbe said it's not the time for investors to relax because there is quite a lot of uncertainty beneath the surface, whether it is on the geopolitical front or the economic outlook

Banks report tougher credit standards in wake of failures: US Fed report

A Federal Reserve report on Monday showed that banks raised their lending standards for business and consumer loans in the aftermath of three large bank failures, a trend that could slow the economy in coming months. The report, known as the senior loan officers survey, asked banks if they have tightened their lending standards by taking steps such as demanding higher credit scores, charging higher interest rates, or other moves that altogether would make it harder for businesses and consumers to obtain loans. About 46 per cent of all banks said they had raised standards for business loans known as commercial and industrial loans, up from just under 45 per cent in the previous quarter. That increase was not as dramatic as in previous quarters, but banks were tightening credit before the bank failures. A year ago, slightly more banks were easing credit standards than increasing them. The survey respondents were 65 US banks and US branches of 19 foreign banks. The results were gather

Goldman Sachs joins Barclays in bet against Fed rate cuts this year

Positioning around policy pricing for this year has entered a key period this week, with April inflation gauges slated to be released Wednesday and Thursday

Credit crunch, El Nino & DC deadlock to challenge Powell's recession bet

In Powell's view, the gravity-defying strength of American labor markets is smoothing the way for a soft landing, even after five percentage points of interest-rate hikes in little over a year

Sensex soars 556 pts, ends at 2023 high; Nifty tops 18,250; HDFC twins lead

CLOSING BELL: The NSE Nifty 50 rallied 166 points. Index heavyweights HDFC, HDFC Bank and Reliance Industries contributed more than 60 per cent of the gain for Sensex.

Top 5 headlines: Fed hike, Ajay Banga to become World Bank president & more

Business Standard bring you top news headlines at this hour

US Fed raises key rate by 25 bps, hints may pause hikes amid bank turmoil

The Federal Reserve reinforced its fight against high inflation Wednesday by raising its key interest rate by a quarter-point to the highest level in 16 years. But the Fed also signalled that it may now pause the streak of 10 rate hikes that have made borrowing for consumers and businesses steadily more expensive. In a statement after its latest policy meeting, the Fed removed a previous sentence that had said some additional rate hikes might be needed. It replaced it with language that said it will consider a range of factors in determining the extent to which future hikes might be needed. The Fed's rate increases over the past 14 months have more than doubled mortgage rates, elevated the costs of auto loans, credit card borrowing and business loans and heightened the risk of a recession. Home sales have plunged as a result. The Fed's latest move, which raised its benchmark rate to roughly 5.1%, could further increase borrowing costs. Still, the Fed's statement offered little ...

US Fed decides unanimously to hike key benchmark rates by 25 bps

The Federal Reserve signaled it may pause further increases

Sensex snaps 8-day winning run, ends 161 pts lower ahead of Fed outcome

Stock market live: Overnight in the US, banking shares declined as investors fret over the stability of small regional banks. The Dow Jones and Nasdaq fell 1.08% each while the S&P 500 shed 1.16%

Sensex extends rally to eighth day, ends 242 pts up; Auto, IT stocks shine

Stock market live: Market action will be guided by global cues following the takeover of the fallen US lender First Republic Bank on Monday by JP Morgan Chase

First Republic in limbo as US Federal Reserve juggle bank's fate

Regulators searched for a solution to First Republic Bank's woes over the weekend, hoping to find a way forward before US stock markets opened on Monday. San Francisco-based First Republic has struggled since the collapse of Silicon Valley Bank and Signature Bank in early March, as investors and depositors grew increasingly worried the bank may not survive as an independent entity. The bank's stock closed at USD 3.51 on Friday, a fraction of the roughly USD 170 a share it traded for a year ago. It fell further in afterhours trading. World markets have periodically been shaken by worries over turmoil in the banking industry since Silicon Valley Bank's collapse. On Monday markets in many parts of the world were closed for May 1 holidays. The two markets in Asia that were open, in Tokyo and Sydney, rose on Monday while US futures were little changed, with the contract for the S and P 500 up nearly 0.1 per cent. First Republic has been seen as the bank most likely to collapse next due

Last rate hike? Fed's Jerome Powell expected to face more opposition

With inflation as high as 9 per cent in the past year, Powell's colleagues were all-in on the fight to curb price pressures

US Fed says it failed to take forceful action on Silicon Valley Bank

US regulators are reported to be working on a potential rescue for the struggling firm, which was the 14th largest bank in the US at the end of last year

Federal Reserve faults Silicon Valley Bank execs, itself in bank failure

Silicon Valley Bank failed due to a combination of extremely poor bank management, weakened regulations and lax government supervision, the Federal Reserve said on Friday, in a highly-anticipated review of how the central bank failed to properly supervise the bank before it collapsed early last month. The report, authored by Federal Reserve staff and Michael Barr, the Fed's vice chair for supervision, takes a critical look at what the Fed missed as Silicon Valley Bank grew quickly in size in the years leading up to its collapse. The report also points out underlying cultural issues at the Fed, where supervisors were unwilling to be hard on bank management when they saw growing problems. The Federal Reserve did not appreciate the seriousness of critical deficiencies in the firm's governance, liquidity, and interest rate risk management. These judgments meant that Silicon Valley Bank remained well-rated, even as conditions deteriorated and significant risk to the firm's safety and ...

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