Page 43 - Us Federal Reserve

Oil prices fall as US Fed interest rate hike raises fuel demand concerns

OPEC and its allies including Russia, known collectively as OPEC+, also decided to cut targeted output by 2 million bpd from this month

Dollar rallies as US Federal Reserve signals more rate hikes; pound drops

The Japanese yen eased 0.2% against the dollar to 148.18, as traders continue to watch for any further official intervention to shore up the battered currency

Bond yields spike, tracking US peers on Fed's hawkish monetary policy tone

The 10-year U.S. yield rose above 4.10%, but the two-year US yield, which is a more direct indicator of rate expectations, rose closer to its highest level in over 15 years

Markets fall for 2nd day amid weak global equities, Nifty dips 30.15 points

Benchmark indices finished on a weak note on Thursday, extending their previous day's decline amid a negative trend in global equity markets after the US Fed hiked interest rates by 75 basis points. The 30-share BSE Sensex declined 69.68 points or 0.11 per cent to settle at 60,836.41. During the day, it tanked 420.95 points or 0.69 per cent to 60,485.14. Similarly, the broader NSE Nifty dipped 30.15 points or 0.17 per cent to end at 18,052.70. From the Sensex pack, Tech Mahindra, PowerGrid, NTPC, Infosys, Wipro, HDFC, Tata Consultancy Services and Mahindra & Mahindra were the major laggards. State Bank of India, Titan, Bharti Airtel and Hindustan Unilever were among the winners. Elsewhere in Asia, markets in Seoul, Shanghai and Hong Kong ended lower. Stock exchanges in Europe were trading in the negative territory in mid-session deals. Wall Street had ended significantly lower on Wednesday. "Fed's refusal to tone down the rate hike narrative shattered the global markets as ...

Gold prices at two-week low as Jerome Powell quashes dovish pivot hopes

Higher US interest rates increase the opportunity cost of holding the non-yielding asset and boosts the dollar

After Fed hike, experts can't form consensus on expected MPC response

In September review, panel talked about aggressive monetary policy actions and stances across the world

Rupee likely to weaken after US Fed's Powell hints at higher peak rate

The rupee is expected to open at around 82.85-82.90 to the dollar, compared with 82.7800 in the previous session.

US Fed unleashes another big rate hike but hints at a pullback soon

The Federal Reserve pumped up its benchmark interest rate on Wednesday by three-quarters of a point for a fourth straight time but hinted that it could soon reduce the size of its rate hikes. The Fed's move raised its key short-term rate to a range of 3.75 per cent to 4 per cent, its highest level in 15 years. It was the central bank's sixth rate hike this year a streak that has made mortgages and other consumer and business loans increasingly expensive and heightened the risk of a recession. But in a statement, the Fed suggested that it could soon shift to a more deliberate pace of rate increases. It said that in coming months it would consider the cumulative impact of its large rate hikes on the economy. It noted that its rate hikes take time to fully affect growth and inflation. Those words indicated that the Fed's policymakers may think borrowing costs are getting high enough to possibly slow the economy and reduce inflation. If so, that would suggest that they don't need to ..

Despite drop in cost, companies continue to raise prices on consumers

Some companies and restaurants have continued to raise prices on consumers even after their own inflation-related costs have been covered

Oil prices rise before expected Fed rate hike as US crude stocks drop

Oil prices rose on Wednesday before an expected rate hike by the Federal Reserve, supported by another decline in US oil inventories as refineries picked up activity ahead of the winter heating seas

Fed hikes rate again by 75 basis points, hints at entering end phase

On Wednesday, US Fedral Bank increased repo rate by 75 basis points, taking the key repo rate to 4 per cent

Fintechs shadow banks of current time, are fragile: Douglas W Diamond

Professor at the University of Chicago's Booth School of Business, Diamond received the prize along with Philip Dybvig and former Fed chair Ben Bernanke

Dollar falls as investors await US Fed policy decision, yen and real gain

Against the weakening dollar, the euro and sterling edged up to $0.9890 and $1.1502, respectively

Caution creeps into world stocks as US Fed gets ready to hike big again

US stock futures, which provide an indication of how Wall Street will open, also lost some of their strength and were mixed

Oil prices slip ahead of US Fed meeting, crude stockpiles seen falling

At the same time, gasoline inventories fell 2.6 million barrels, more than expected. Official data is due at 1430 GMT.

Gold firms as dollar softens with market focus on Fed Reserve's decision

Spot silver rose 0.1% to $19.68 per ounce, having hit a three-week peak on Tuesday

US job openings hit 10.7 mn despite Fed Reserve's attempt to cool economy

US job openings rose unexpectedly in September, suggesting that the American labour market is not cooling as fast as the inflation fighters at the Federal Reserve hoped. Employers posted 10.7 million job vacancies in September, up from 10.3 million in August, the Labour Department said on Tuesday. Economists had expected the number of job openings to drop below 10 million for the first time since June 2021. For the past two years, as the economy rebounded from 2020's COVID-19 recession, employers have complained they can't find enough workers. With so many jobs available, workers can afford to resign and seek employment that pays more or offers better perks or flexibility. So companies have been forced to raise wages to attract and keep staff. Higher pay has contributed to inflation that has hit 40-year highs in 2022. In another sign the labor market remains tight and employers unwilling to let workers go, layoffs dropped in September to 1.3 million, fewest since April. But the num

FPIs regain risk appetite, pump in nearly Rs 8,430 crore in October

US and European markets gained in October after a sharp sell-off in September

Bond yields fall on 10-year US yield's drop below 4%, subdued oil

The benchmark 10-year Indian government bond yield ended at 7.3957%, after rising five basis points (bps) to 7.4454% on Monday

Foreign investors sell $500 mn of India govt bonds in two days: Analysts

These investors have net sold bonds worth 41.1 billion Indian rupees over Friday and Monday, CCIL data showed