Page 7 - Us Federal Reserve

We can wait and see course of economy before going for rate cut: Powell

The Federal Reserve will continue to wait and see how the economy evolves before deciding whether to reduce its key interest rate, Chair Jerome Powell said on Tuesday, a stance directly at odds with President Donald Trump's calls for immediate cuts. For the time being, we are well positioned to wait to learn more about the likely course of the economy before considering any adjustments to our policy stance, Powell said in prepared remarks he will deliver early Tuesday before the House Financial Services Committee. Powell is facing two days of what could be tough grilling on Capitol Hill, as Trump has repeatedly urged the Fed to reduce borrowing costs. Powell has often received a positive reception before House and Senate committees that oversee the Fed, or at least muted criticism. Powell has also often cited his support in Congress as a bulwark against Trump's attacks, but that support could wane under the president's ongoing assaults. Trump lashed out again in the early hours of

Rate cuts can wait as Fed monitors inflation from tariffs, says Powell

In his prepared testimony Powell said the economy remains in a "solid position," with low unemployment and inflation far below its pandemic-era peak

Fed must prepare to act swiftly if economic data starts going sideways

Given all of the uncertainty, Powell is right to stay in wait-and-see mode, but he can't linger there too long once the data breaks

US Fed keeps rates steady for 4th straight meeting, remains open for cuts

US Federal Reserve decided on Wednesday to keep interest rates unchanged, while indicating that reductions could still be on the table in the second half of the year

Fed pause leaves Wall Street guessing when rate cuts might finally come

A fourth straight meeting without a cut could provoke another tirade from President Donald Trump

Trump urges Fed to cut rates by 1% after May inflation data release

Donald Trump called the May Consumer Price Index a 'great' number and wrote on Truth Social that the "Fed should lower one full point

Jerome Powell too slow to lower borrowing costs: Trump on US Fed rate cut

The Fed last September did reduce rates by a half of a percentage point, after a faster-than-expected decline in inflation and a marked slowdown in the labor market

Stock Market close highlights: Sensex up 320 pts, Nifty at 24,833; Metal, Realty indices gain 1%

Sensex Today | Stock Market close highlights, Thursday, May 29, 2025: On the sectoral front, barring FMCG and PSU Banks, all other sectoral indices settled in green

Jamie Dimon warns of stagflation risk amid US economic uncertainty

Dimon's comments expand on remarks he made in recent , when he warned against complacency and said recession remains a possibility, adding that many of the effects of the tariffs are yet to be seen

Indian stocks unlikely to give significant return in next 1-yr: Marc Faber

Faber finds countries like Indonesia, Thailand, and Malaysia more attractive than India right now.

Moody's downgrade of US rating may not dent stock markets much: Analysts

Moody's downgrade, analysts said, was more to get the rating in sync with Fitch and S&P, who have already downgraded US' ratings.

US consumer sentiment hits 3-year low as trade war raises inflation fears

US consumer sentiment fell slightly in May for the fifth straight month, surprising economists, as Americans increasingly worry that President Donald Trump's trade war will worsen inflation. The preliminary reading of the University of Michigan's closely watched consumer sentiment index, released Friday, declined 2.7 per cent on a monthly basis to 50.8, the second-lowest level in the nearly 75-year history of the survey. The only lower reading was in June 2022. Since January, sentiment has tumbled nearly 30 per cent. Americans have largely taken a sour view about where the economy is headed in the wake of the Trump administration's imposition of huge import duties, which threaten to slow growth and push up prices. In recent weeks the White House has pulled back on its most draconian policies, though average duties are still high by historical standards. Consumers' outlooks are also sharply divided by their political views, which has caused some economists to question the survey's ..

Trump blasts Fed chair Powell, calls him 'fool' for not cutting rates

Trump named Powell as the Fed chair in 2018, during his first term in the White House, and Democratic President Joe Biden appointed Powell to a second four-year term in 2022

Fed won't be rushed, outlook depends on White House, says Jerome Powell

The rate-setting panel voted unanimously to keep the benchmark federal funds rate in a range of 4.25 per cent to 4.5 per cent, where it's been since December

Gold price jumps ₹2,400 to ₹99,750-10g ahead of US Fed policy decision

Gold prices surged Rs 2,400 to Rs 99,750 per 10 grams in the national capital on Tuesday due to persistent buying by jewellers and stocks, according to the All India Sarafa Association. On Monday, the precious metal of 99.9 per cent purity had ended at Rs 97,350 per 10 grams. Extending the gains for the third straight day, gold of 99.5 per cent purity jumped Rs 2,400 to Rs 99,300 per 10 grams on Tuesday. It had closed at Rs 96,900 per 10 grams in the previous close. "Gold prices edged higher as safe-haven demand returned following President Donald Trump's announcement of fresh tariff plans. "The proposed measures include duties on pharmaceutical imports and a steep 100 per cent tariff on movies produced outside the United States -- a move that stoked concerns over renewed trade tensions and their potential impact on global growth," Abans Financial Services' Chief Executive Officer Chintan Mehta said. As per the Sarafa Association, silver prices also climbed Rs 1,800 to Rs 98,500 p

US Fed interest rate decision, earnings likely to drive markets this week

The US Fed interest rate decision, trading activity of foreign investors and quarterly earnings from corporates would largely drive the momentum in the equity market this week, analysts said. Escalating tensions between India and Pakistan over the Pahalgam terror attack will also remain on investors' radar, they added. Optimism over a potential trade agreement with the US and sustained FII (Foreign Institutional Investors) inflows helped markets end the last week on a positive note. But market experts said that due to the fragile global environment amid geopolitical tensions and the ongoing tariff war, investors are not betting big on equities. Among macroeconomic data announcements this week, HSBC services PMI (Purchasing Managers' Index) would be watched by investors. "This week is crucial, packed with key domestic and global triggers. Developments regarding tariff and geopolitical tensions with Pakistan will remain on the radar. On the macroeconomic front, investors would be eye

US economy likely to slow sharply amid trade tariff hikes, says Nomura

The US growth is going to slow quite sharply, close to recession, says Robert Subbaraman

IMF economist backs central bank independence after Trump's remarks

Pierre-Olivier Gourinchas said central banks faced a delicate moment in managing inflation, especially in countries like the United States

Trump warns of economic slowdown unless US Fed cuts interest rates

U.S. stocks slid further after the president's social media post. The benchmark S&P 500 Index was down 2% on the day

Trump, advisers to study whether to fire Fed's Powell: WH economic adviser

Hassett went on to suggest that the Fed under Powell, who was appointed by Trump during his first term, had acted politically to benefit Democrats