Page 7 - Us Federal Reserve

Lisa Cook hints at possibility of 'clerical error' behind mortgage dispute

Cook sued Thursday to block Trump's "illegal attempt," saying he's using a phony pretext that doesn't amount to sufficient "cause" to remove her from the US central bank

Federal Reserve Governor Lisa Cook sues Trump over attempt to fire her

Cook filed the suit Thursday in federal court in Washington, following through on a vow to fight to finish her term that expires in 2038

Asian stocks steady, dollar weak as investors wary over Fed independence

US Treasury yield curve has been steepening since Trump ordered the firing of Federal Reserve Governor Lisa Cook, an unprecedented move that could lead to a legal tussle

Stock market closing highlights: Sensex falls 849 pts; Nifty at 24,712; India VIX up 4%

Sensex Today | Stock market closing highlights, Aug 26, 2025: In the broader markets, the Nifty MidCap index fell 1.62 per cent and the Nifty SmallCap index slipped 2.03 per cent

Trump fires Fed Governor Lisa Cook, citing mortgage fraud allegations

Lisa Cook, the first African American woman on the Federal Reserve Board, is set to challenge Trump's move in court, with the decision likely to spark a legal battle

Asian stocks rally as investors bet on US rate cuts, eye Nvidia earnings

Federal Reserve Chair Jerome Powell's dovish change of course has seen futures price in an 84 per cent chance of a quarter-point rate cut in September

Best of BS Opinion: The RBI's current policy framework has worked well

Today's Opinion Page looks at the RBI's recent discussion paper on inflation targeting, OpenAI's plans for India, the role of institutions in growth, and the recent GST rate cuts boost to growth

'Gold may consolidate, but bias stays positive on Fed rate-cut hopes'

Gold prices are likely to remain in a consolidation phase in the near term, but the overall bias will continue to stay positive amid heightened expectations of a US Federal Reserve rate cut in its September policy meeting, analysts said. Traders will closely track US macroeconomic data, such as Q2 GDP, PCE inflation, and speeches from Fed officials, which will provide more insights into the monetary policy stance of the Federal Reserve and the trajectory of the bullion sentiment, they added. "Gold prices may continue to see some consolidation, but the bias is expected to remain positive. The US Federal Chair Jerome Powell's comments have raised expectations of an interest rate cut at the September meeting," said Pranav Mer, Vice President, EBG - Commodity & Currency Research, JM Financial Services. Investors will keep track of geopolitical and trade developments, he added. "Markets will watch closely the Russia-Ukraine peace progress and the implementation of additional tariffs on

US Fed rate cut hopes, tariff moves likely to drive markets this week

Indication of a potential US Federal Reserve rate cut may trigger optimism in the domestic equity market, with investors' attention shifting to the looming deadline for additional US tariffs on Indian goods in a holiday-shortened week ahead, analysts said. Moreover, trading activity of foreign investors, global trends and macroeconomic data announcements will also dictate trends during the week. Equity markets would remain closed on Wednesday for Ganesh Chaturthi. "Positive global cues are likely to provide some support, as US markets rallied sharply and the dollar index weakened after Federal Reserve Chair Jerome Powell hinted at potential rate cuts in his Jackson Hole Symposium speech. "Another key factor to watch will be the August 27 deadline regarding the US plan to impose an additional 25 per cent tariff on Indian exports. With clarity still lacking, FII participation may remain subdued. Alongside this, macroeconomic data from the US, China, and India will also be closely ...

Rupee weakens tracking rise in dollar index ahead of Powell's speech

The rupee depreciated by 0.3% as the dollar strengthened, amid concerns over upcoming US tariffs and ahead of Jerome Powell's speech at Jackson Hole

Trump threatens to sack Fed Governor Lisa Cook if she refuses to resign

Cook on Wednesday said she took any questions about her financial history seriously as a member of the Federal Reserve and was gathering the accurate information to answer any legitimate questions

Wall St jumps more than 1% after Powell hints at September rate cut

Powell's comments opened the door to a rate cut at the Fed's September 16-17 meeting, but also underlined the importance of the jobs and inflation data that will be available by then

Powell hints at interest rate changes amid shifting economic risks

Powell's highly anticipated remarks didn't appear to match the expectations of investors who are betting the Fed will deliver its first interest-rate cut of the year at the Sept

Sensex falls 700 pts, Nifty below 25k: Why are stock markets falling today?

The BSE Sensex tumbled 571 points in the intraday to hit a low of 81,429.33. The NSE Nifty50 also slipped below the 25,000 mark

Powell faces high-stakes gamble on US economy in final Jackson Hole speech

Powell's high-stakes balancing act will be on full display on Friday when he makes his final address as Fed chair to the world's leading economic policymakers

Asian stocks, oil dip ahead of US Fed meet; European futures rise

MSCI's broadest index of Asia-Pacific shares outside Japan slid 0.2 per cent in early trading, after US stocks ended the previous session with mild losses

S&P 500, Nasdaq near record highs on hopes of Fed rate cut in September

Treasury Secretary Scott Bessent also said he thought an aggressive half-point cut was possible given recent weak employment numbers

Dollar extends losses as Fed rate cut hopes and political pressure grow

The dollar index, measuring the currency against a basket of peers, fell 0.2 per cent to 97.81, its lowest since July 28, extending its 0.5 per cent drop on Tuesday

Bessent urges Federal Reserve to lower rates by 150 basis points or more

Fed policymakers kept their benchmark at a target range of 4.25 per cent to 4.5 per cent at their last policy meeting

Asian stocks rise as Fed rate cut bet lifts market; Nikkei hits record high

The highly-anticipated US inflation readings indicated President Donald Trump's tariff regime had yet to filter down to consumer prices