Japan's Nikkei tumbled 1.8 per cent on Friday, Australia's resources-heavy shares slid 1.5 per cent, while South Korea plunged 2.3 per cent
Market participants said that sentiment in the domestic debt market improved due to the US Federal Reserve's policy rate cuts, and growing expectations of a trade deal between the two countries
October's ADR hit 1.08 - its highest since June - as easing outflows let rally catch new air
Sensex Today | Stock Market close: In the broader markets, the Nifty MidCap 100 rose marginally by 0.1 per cent and the Nifty SmallCap 100 indices fell 0.1 per cent, respectively
The yield on the US 10-year Treasury bond was last around a three-week high of 4.068 per cent, up 1 basis point compared with a previous close of 4.058 per cent
The Federal Open Market Committee voted 10-2 to lower the target range for the federal funds rate by a quarter percentage point to 3.75%-4%
Treasury Secretary Scott Bessent on Monday confirmed the names of five candidates to replace Jerome Powell as chair of the powerful Federal Reserve next year. On an Air Force One flight to Asia with President Donald Trump, Bessent said he would engage in a second round of interviews in the coming weeks and present a good slate of candidates to Trump right after Thanksgiving. Trump said he expected to decide on Powell's replacement by the end of this year. The five people under consideration are: Federal Reserve governors Christopher Waller and Michelle Bowman; former Fed governor Kevin Warsh; White House economic adviser Kevin Hassett; and Rick Rieder, senior managing director at asset manager BlackRock. The names suggest that no matter who is picked, there will likely be big changes coming to the Federal Reserve next year. Bessent, who is leading the search for Powell's replacement, last month published extensive criticisms of the Fed and some of the policies it has pursued from th
Traders aren't chasing the rumour this time; they're watching, weighing, waiting for something real to sign, said Stephen Innes, managing partner at SPI Asset Management
Granted, the Fed's monetary policy doesn't directly determine economic growth. It operates by influencing broader financial conditions, which have eased a lot in the past year
Gold prices are expected to witness some consolidation and mild correction next week as the recent record-breaking rally looks overstretched and physical demand eases after the festive rush, analysts said. After hitting fresh highs in global and domestic markets, bullion may trade in a narrow range, with investors eyeing the US funding bill, key global data releases, and remarks from Federal Reserve officials ahead of the October 28-29 policy meeting, they added. "Gold prices are likely to see some corrections/ consolidation as ongoing fundamentals are already priced in and physical demand wanes post mid-week," Pranav Mer, Vice President, EBG - Commodity & Currency Research, JM Financial Services Ltd, said. He added that traders will monitor key global indicators, including Chinese data, UK inflation, provisional data on PMI from across regions, US consumer confidence and the Fed's commentary ahead of the October 28-29 meeting. Mer added that gold ended last week on a positive ...
Powell left the door open to further rate cuts on Tuesday and said the end of the central bank's long-running effort to shrink the size of its holdings may be coming into view
Spot gold rose 0.7% to $4,137.76 per ounce as of 11:22 a.m. ET (1522 GMT), after hitting a record high of $4,179.48 earlier in the session
Inflation has risen in three of the last four months and is slightly higher than it was a year ago, when it helped sink then-Vice President Kamala Harris' presidential campaign. Yet you wouldn't know it from listening to President Donald Trump or even some of the inflation fighters at the Federal Reserve. Trump told the United Nations General Assembly late last month: Grocery prices are down, mortgage rates are down, and inflation has been defeated. And at a high-profile speech in August, just before the Fed cut its key interest rate for the first time this year, Federal Reserve Chair Jerome Powell said: Inflation, though still somewhat elevated, has come down a great deal from its post-pandemic highs. Upside risks to inflation have diminished. Yet dismissing or even downplaying inflation while it is still above the Fed's target of 2 per cent poses big risks for the White House and the Federal Reserve. For the Trump administration, it could find itself on the wrong side of a potent
A declining dollar, fresh geopolitical and tariff uncertainty, and questions of the Fed's independence have led gold and Bitcoin to outperform
The Supreme Court on Wednesday allowed Lisa Cook to remain as a Federal Reserve governor for now, declining to act on the Trump administration's effort to immediately remove her from the central bank. In a brief unsigned order, the high court said it would hear arguments in January over Republican President Donald Trump's effort to force Cook off the Fed board. The court will consider whether to block a lower-court ruling in Cook's favour while her challenge to her firing by Trump continues. The high-court order was a rare instance of Trump not quickly getting everything he wants from the justices in an emergency appeal. Separately, the justices are hearing arguments in December in a separate but related legal fight over Trump's actions to fire members of the boards that oversee other independent federal agencies. The case concerns whether Trump can fire those officials at will. But a second issue in the case could bear directly on Cook's fate: whether federal judges have the ...
RBI will pare CPI inflation projection again, but might not change growth estimate for now; dovish undertone likely
The Justice Department has asked the Supreme Court to let Trump remove Cook while it fights a lower court ruling that the economist is likely to succeed in her lawsuit
Gold prices are expected to remain buoyant in the coming week as a combination of global monetary easing, festive demand in Asia, central bank purchases and persistent geopolitical risks will lend support to the precious metal, analysts said. Traders will closely monitor the upcoming trade negotiations between the US and India, and Washington and Beijing, as well as provisional data on manufacturing and services PMI across regions. In addition, crucial US macroeconomic numbers including housing data, personal consumption expenditures, and consumer sentiment will shape market sentiment, they added. Pranav Mer, Vice President, EBG Commodity & Currency Research at JM Financial Services, said: "The bullion is expected to remain supported by firm festive demand in Asia, while ETFs and central banks continue to remain net buyers. Safe-haven buying remains mixed at current high prices." On the Multi Commodity Exchange (MCX), gold futures for October delivery surged Rs 1,616, or 1.5 per .
The Fed's estimate of the neutral rate is wrong. To adequately slow demand, the Fed appears to need the policy rate to be above 4 per cent
Investors should focus on short-to-medium bonds and quality corporate debt as RBI nears the end of its rate cut cycle, says Shah