A fourth straight meeting without a cut could provoke another tirade from President Donald Trump
Donald Trump called the May Consumer Price Index a 'great' number and wrote on Truth Social that the "Fed should lower one full point
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
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
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
Faber finds countries like Indonesia, Thailand, and Malaysia more attractive than India right now.
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 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 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
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 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
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
The US growth is going to slow quite sharply, close to recession, says Robert Subbaraman
Pierre-Olivier Gourinchas said central banks faced a delicate moment in managing inflation, especially in countries like the United States
U.S. stocks slid further after the president's social media post. The benchmark S&P 500 Index was down 2% on the day
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
Trump, in a post on his social media platform Truth Social, reiterated his stance on rate cuts, saying that Powell should have lowered interest rates
There is relief that the so-called reciprocal tariffs have been put on hold for 90 days, though the base tariff of 10 per cent remains
US Chief Justice John Roberts allows Trump to remove two agency heads as the Supreme Court takes up a case that could ultimately affect the job security of Fed Chair Jerome Powell
The inflation slowdown reflected a decline in energy costs, used vehicles, hotel stays and airfares. The cost of motor vehicle insurance