Page 63 - Us Federal Reserve
Recession fears hit global mkts; Sensex drops 1,046 pts, Nifty below 15,400
CLOSING BELL: The S&P BSE Sensex and the Nifty50 indices hit fresh 52-week lows as they spiraled 2 per cent down
 "Recession fears hit global mkts; Sensex drops 1,046 pts, Nifty below 15,400")
Gold eases on firmer dollar as investors digest rate hike by US Fed
Spot gold fell 0.3% to $1,827.60 per ounce by 0546 GMT. U.S. gold futures rose 0.6% to $1,830.60.
 "Gold eases on firmer dollar as investors digest rate hike by US Fed")
Rupee closes at new all-time low ahead of Fed's interest rate decision
On Monday, the rupee had breached the 78/$ mark and hit a record low of 78.28/$ intraday.
 "Rupee closes at new all-time low ahead of Fed's interest rate decision")
Five market breadth indicators that every cautious investor must know
In a note, IIFL Alternative Research has highlighted five market breadth indicators that signal extreme caution among investors
 "Five market breadth indicators that every cautious investor must know")
Bitcoin sinks to fresh 18-month low of $20,079 as crypto meltdown deepens
The value of the global crypto market has tumbled 70% to under $900 billion from a peak of $2.97 trillion in November, CoinMarketCap data shows
 "Bitcoin sinks to fresh 18-month low of $20,079 as crypto meltdown deepens")
Fed hikes rates by 75 bps, biggest jump since 1994, flags slowing economy
Chairman Jerome Powell and colleagues on Wednesday intensified their effort to cool prices by lifting the target range for the federal funds rate to 1.5% to 1.75%
 "Fed hikes rates by 75 bps, biggest jump since 1994, flags slowing economy")
Growth stocks lift Wall Street ahead of Fed's rate decision; Nasdaq up 1.6%
Market heavyweights Apple Inc, Meta Platforms , Alphabet Inc, Microsoft Corp and Amazon.com Inc added between 1.3% and 2.5%
 "Growth stocks lift Wall Street ahead of Fed's rate decision; Nasdaq up 1.6%")
Oil prices fall as investors bet US Fed will announce a 75 bps hike
Brent crude futures for August were down $1.27, or 1%, at $119.90 a barrel as of 1001 GMT, in volatile trading
 "Oil prices fall as investors bet US Fed will announce a 75 bps hike")
Emergency ECB meeting lifts European markets, Fed ready to go big
The euro jumped almost 0.75% to $1.0487 pushing the dollar index off a 20-year high in the process.
 "Emergency ECB meeting lifts European markets, Fed ready to go big")
Sensex ends 152 pts lower ahead of US Fed decision; Nifty dips below 15,700
CLOSING BELL: NTPC, Infosys, HUL, Wipro, and RIL slipped over 1 per cent each
 "Sensex ends 152 pts lower ahead of US Fed decision; Nifty dips below 15,700")
Higher unemployment rate looms in US as Fed fights inflation: Report
US Federal Reserve officials are beginning to signal that their efforts to tackle scorching inflation by raising interest rates may lead to higher unemployment, said a report
 "Higher unemployment rate looms in US as Fed fights inflation: Report")
TMSEp194: Job announcement, food delivery apps, markets, economy categories
What is PM Modi's 'one million job' drive? Why's govt asking food apps to ramp up complaint-redressal? Will US Fed rate hike trigger market selloff? What are the different economies? Answers here
 "TMSEp194: Job announcement, food delivery apps, markets, economy categories")
Will 75 bps US Fed rate hike trigger another market selloff?
Soaring inflation and recession fears pose a dilemma before the US Fed on the quantum of rate hikes without derailing growth. Find out if investors would be able to withstand the likely market rout
 "Will 75 bps US Fed rate hike trigger another market selloff?")
US producer prices rise 10.8% in May, adding to pressure on Fed
On a monthly basis, producer prices climbed 0.8 per cent in May from April when they increased 0.4 per cent
 "US producer prices rise 10.8% in May, adding to pressure on Fed")
Gold eases as dollar resumes rally in run up to Fed rate hike decision
Spot gold fell 0.4% to $1,811.80 per ounce by 12:33 p.m. EDT (1633 GMT), while U.S. gold futures slipped 1% to $1,813.40.
 "Gold eases as dollar resumes rally in run up to Fed rate hike decision")
Gold ticks up as dollar rally pauses, Fed rate hike bets curb gains
Spot gold rose 0.3% to $1,823.49 per ounce by 0932 GMT, after falling to its lowest since May 19 at $1,810.90 earlier in the session.
US equities tumble, S&P 500 confirms bear market as recession worry grows
US equities tumbled on Monday, with the S&P 500 confirming it is in a bear market, as fears grow that the expected aggressive Fed rate hikes would push the economy into a recession
 "US equities tumble, S&P 500 confirms bear market as recession worry grows")
'RBI much ahead in containing inflation but rate hike possible in Aug, Oct'
Core CPI also moderated in May to 6.09 per cent compared to 6.97 per cent in April, as per the SBI's research report 'Ecowrap'.
 "'RBI much ahead in containing inflation but rate hike possible in Aug, Oct'")
Wall St poised to clinch bear market as S&P 500 tumbles over 20% in 2022
It would be the first time the S&P 500 has confirmed a bear market since the 2020 Wall Street plunge brought on by the Covid pandemic
 "Wall St poised to clinch bear market as S&P 500 tumbles over 20% in 2022")
Wall Street ends down sharply as inflation data intensifies investor fears
The Dow Jones Industrial Average fell 882.47 points, or 2.73%, to 31,395.72
 "Wall Street ends down sharply as inflation data intensifies investor fears")