Fed rate cut positive, but may not have big impact on capital inflows: Top FinMin officials
Economic affairs secretary Ajay Seth sought to delink the Fed rate cut from any potential action by the Reserve Bank of India (RBI). The Fed has done what it feels to be the best for the US economy and the RBI will be guided more by the domestic reality, Seth said. Separately, chief economic adviser V Anantha Nageswaran said at an event that much of the Fed action was factored in by investors and its impact on India could be more muted than on other emerging economies, as the domestic market has already been generating a lot of investor interest. Key Points
Economic TimesDollar edges lower after Fed goes big on rate cut, Aussie jumps
By Stefano Rebaudo and Rae Wee (Reuters) -The U.S. dollar edged lower on Thursday after a larger than usual interest rate cut from the U.S. Federal Reserve that had been priced in by markets. The Fed Key Points
ThePrintUS job growth comes up short in possible warning sign for Fed
International Business News: US hiring in August fell short of expectations, with nonfarm payrolls rising by 142,000 and the unemployment rate decreasing to 4.2%. This situation i Key Points
Times Of IndiaNo hurry to cut interest rates, US Fed Chair indicates
New York [US], March 30 (ANI): The US Federal Reserve on Friday indicated that it was not in any hurry to cut interest rates. In his address at an event hosted by the San Francisco Fed on Friday, US Fed Chair Jerome Powell said “We don’t need to be in a hurry to cut.” Show […] Key Points
ThePrintAll-tolerant Powell sends Wall Street into a buying frenzy
Wall Street debates Federal Reserve policy on asset prices. Traders allocate funds across markets. ETFs attract $374 billion during an unprecedented equity rally. S&P 500 surges 27%. Marketfield Asset Management criticizes inflation goal progress. Key Points
Economic Times
The Fed’s conundrum: Interest rates are both too high—and too low
Short-term rates are sharply higher. Long-term rates are steadier. What’s a central bank to do? Key Points
mintFed keeps June rate cut hopes alive. How exciting is that for stock investors?
US Federal Reserve anticipates rate cuts in June, sparking global stock rally. Sensex and gold prices surge, reflecting market optimism. Fed's adjustments show confidence in economic stability. Key Points
Economic TimesRs 5 lakh crore added to investors' kitty! Key factors behind 750-point rally in Sensex today
Fed Chair Powell's hints of an interest rate cut in June boosted Indian markets. The market capitalisation surged, rate cut odds rose, and various sectors saw gains. Meanwhile, US treasury yields declined, and global markets rallied. Key Points
Economic TimesFed still sees three rate cuts in 2024 amid sticky inflation, stronger economy
The Fed's new policy statement described inflation as remaining elevated, and updated quarterly economic projections showed the personal consumption expenditures price index excluding food and energy rising at a 2.6% rate by the end of the year, compared to 2.4% in the projections issued in December. Key Points
Economic TimesUS Fed meet outcome today: Two possible scenarios that Dalal Street can look at
US Federal Reserve is expected to maintain the federal funds rate amid higher inflation and strong job market data. Market eagerly awaits the Fed's guidance on potential rate cuts and future policy actions. Key Points
Economic Times
Fed gets another reason not to rush on rate cuts
Employers added a robust 275,000 jobs last month, a Labor Department report showed on Friday, handily beating the 200,000 that economists expected. Still, the report's revisions of prior months' estimates showed smaller job gains in January and December than had earlier been thought, suggesting that a long-anticipated slowing in job gains is underway. The U.S. unemployment rate rose to 3.9%, its highest in two years, though still below levels the Fed sees as sustainable in the long-run. Key Points
Economic TimesDollar index on track for first weekly fall this year
By Karen Brettell NEW YORK (Reuters) -The U.S. dollar index was on track for its first weekly fall in 2024 on Friday as investors took a breather from buying the currency following an almost two-month Key Points
ThePrintDollar index set for first weekly fall this year
By Karen Brettell NEW YORK (Reuters) - The U.S. dollar index was on track for its first weekly fall in 2024 on Friday as investors took a breather from buying the currency following an almost Key Points
ThePrintOil falls after US Fed governor says no rush to cut interest rates
Brent crude futures were down 25 cents, or 0.3%, at $83.42 a barrel at 0212 GMT, while U.S. West Texas Intermediate crude futures were 25 cents, or 0.3%, lower at $78.36 Key Points
Business TodayMost Fed officials flagged risks of cutting rates too quickly
The minutes of the January 30-31 Federal Open Market Committee meeting showed policymakers remain attentive to the trajectory of inflation, with some worried that progress toward the central bank's 2% target could stall. Together, the record reinforced the Fed's preference for more evidence that inflation is firmly on a downward path. Key Points
Economic TimesGold holds ground as focus turns to Fed minutes
By Sherin Elizabeth Varghese (Reuters) - Gold prices held steady on Tuesday despite a stronger dollar and elevated Treasury yields, as investors awaited the minutes of the last U.S. Federal Reserve Key Points
ThePrintJerome Powell reduced Fed flexibility by going off-script
strapline: He broke with official policy by almost ruling out a March rate cut. Sometimes, 'less is more' is the best communication strategy. Key Points
mintJerome Powell says Fed can be 'prudent' in weighing rate cuts
"The prudent thing to do is...to just give it some time and see that the data confirm that inflation is moving down to 2% in a sustainable way," Powell said. Key Points
Business TodayStrong job gains may dent Fed confidence on inflation
Fed Chair Jerome Powell said this week that the job market need not necessarily weaken to get progress on inflation, which fell sharply from 5.5% at the start of last year, to 2.6% by the end by the Fed's preferred measure. Key Points
Economic TimesWall Street eyes Apple after Fed-fuelled flop
By Marc Jones LONDON (Reuters) - Share markets were in recovery mode on Thursday as investors stuck to bets for sizable cuts in U.S. and European interest rates even if the kick-off dates might now be Key Points
ThePrintAsia weathers Fed fallout, bonds still banking on rate cuts
By Wayne Cole SYDNEY (Reuters) -Asian shares steadied on Thursday as Chinese stocks eked out rare gains, while investors stuck to bets for sizable cuts in U.S. interest rates this year even if the Key Points
ThePrintDollar near 7-week high as March Fed cut bets unwind
By Kevin Buckland TOKYO (Reuters) -The dollar held near a seven-week high against the euro on Thursday, reached after Federal Reserve Chair Jerome Powell pushed back on the idea of a U.S. interest Key Points
ThePrintUS Federal Reserve holds key rate steady as Powell says March cut unlikely
The US Federal Reserve has decided to maintain its key interest rate, signaling a shift in their approach. Fed Chair Jerome Powell stated that a rate cut in March is unlikely, but potential reductions may occur later in the year. The decision comes as the Fed seeks more assurance of inflation decline before taking action. The anticipation of rate cuts has led to mixed reactions in the financial markets. Key Points
Times Of IndiaWall Street gets reality check as Powell saps fast rate-cut bets
Jerome Powell's cautious approach dampens expectations of a rate cut, causing a reality check on Wall Street. Find out how this impacts the markets and investor sentiment. Key Points
Times Of IndiaStocks, dollar slip ahead of Fed decision on rates
By Herbert Lash and Tom Wilson NEW YORK/LONDON (Reuters) -World shares slipped on Wednesday, pulled lower by a slide on Wall Street, while Treasury prices rose as investors deemed the U.S. economy was Key Points
ThePrint
Fed's Powell sees lower rates on the horizon as inflation ebbs, economy bounces ahead
Powell, speaking after the end of a two-day policy meeting, declined to declare victory in the U.S. central bank's two-year inflation fight, vouch that it had achieved a sought-after "soft landing" for the economy or promise that rate cuts would come as soon as the Fed's March 19-20 meeting, as investors had hoped in the run-up to this week's policy decision. Key Points
Business TodayUS Fed Reserve keeps interest rates unchanged for fourth time in a row
The Fed confirmed in a statement that it was holding its benchmark lending rate steady at its 23-year high, between 5.25 and 5.50 percent. | World News Key Points
Hindustan TimesUS Fed rate decision could hold clues on timing of future cuts
International Business News: Get insights into the US Federal Reserve's rate decision and its implications for future cuts. Stay updated on the latest news and analysis. Key Points
Times Of IndiaFed to hold interest rates steady but start considering cuts
The Federal Open Market Committee is poised to keep rates in a range of 5.25% to 5.5% at its two-day policy meeting ending Wednesday, a 22-year high first reached in July. The rate decision and accompanying statement will be released at 2 p.m. in Washington. Chair Jerome Powell will hold a press conference 30 minutes later. Key Points
Economic TimesUS Fed meet outcome today: Can Powell soothe nerves of D-Street? Here’s what experts feel
The US Federal Reserve is expected to maintain the federal funds rate unchanged at the conclusion of its monetary policy meeting. Investors are focused on the Fed's stance on quantitative tightening and its guidance on rate cuts in 2024. Recent economic data showed strength in the US economy, but the battle against inflation continues. Key Points
Economic Times
Demand for Fed funding tool hits record before rate hike
Borrowing from the Federal Reserve's emergency lending program, the Bank Term Funding Program (BTFP), reached a record high of $167.8 billion. Demand for the program increased by $6.3 billion in the week leading up to January 24. The BTFP's interest rate had fallen below the rate at which institutions could earn money by parking reserves at the Fed, leading to an arbitrage trade. Key Points
Economic TimesFed Posts Largest-Ever Annual Operating Loss
The central bank’s deficit of $114.3 billion last year resulted from its efforts to stimulate the economy and then stamp out inflation. Key Points
mintGold holds tight range as traders await US data for more Fed cues
By Brijesh Patel (Reuters) - Gold prices were stuck in a narrow trading range on Tuesday as investors awaited more U.S. economic data this week that could shed light on the Federal Reserve's monetary Key Points
ThePrintGlobal shares up with Treasury yields; oil rallies on supply worries
By Sinéad Carew NEW YORK (Reuters) -MSCI's global equity index was advancing slightly while oil prices rallied on supply concerns and U.S. Treasury yields rose as investors digested mixed messages Key Points
ThePrintGold touches 10-day high as Fed hints at lower US rates next year
By Anushree Ashish Mukherjee (Reuters) - Gold prices touched a 10-day high on Thursday as the U.S. dollar and Treasury yields were beaten lower after the Federal Reserve signalled an end to its Key Points
ThePrint
The bull on the run—Sensex, Nifty hit record highs
Apart from US Fed Reserve outcome, there seem to be some India-centric reasons as well. Sensex jumped 796.64 points to hit an all-time high of 70,381.24 and Nifty Key Points
The Tribune IndiaAsian stocks follow Wall Street higher; yields and dollar down
By Xie Yu HONG KONG (Reuters) - Asian stocks broadly rallied on Thursday, after the U.S. Federal Reserve flagged the end of its tightening cycle and struck a dovish tone for the year ahead. U.S. Key Points
ThePrintRupee to rise after dovish Fed emboldens bets of big rate cuts
By Nimesh Vora MUMBAI (Reuters) - The Indian rupee is expected to open higher on Thursday after a dovish U.S. Federal Reserve outcome prompted investors to price in more rate cuts next year, fuelling Key Points
ThePrintDow hits record closing high, Treasury yields sink on dovish Fed
By Stephen Culp NEW YORK (Reuters) -U.S. stocks surged to a sharply higher close on Wednesday and benchmark Treasury yields slipped to their lowest level since August after the Federal Reserve flagged Key Points
ThePrintAsian equities follow Wall Street higher; yields and dollar down
By Xie Yu HONG KONG (Reuters) - Asian stocks broadly rallied on Thursday morning, after the U.S. Federal Reserve flagged the end of its tightening cycle and struck a dovish tone for the year ahead. Key Points
ThePrintUS stocks surge, Treasury yields fall as Fed signals end to tightening cycle
By Stephen Culp NEW YORK (Reuters) -U.S. stocks surged on Wednesday and benchmark Treasury yields slipped to their lowest level since August after the Federal Reserve flagged the end of its tightening Key Points
ThePrintUS Federal Reserve keeps key interest rate unchanged for third straight time
The Fed on Wednesday kept its benchmark overnight interest rate in the 5.25%-5.50% range. Key Points
Hindustan TimesFed flags end of rate hikes, sees lower borrowing costs in 2024
Central bank holds policy rate in 5.25%-5.50% range. Officials see 75 basis points of cuts next year. Fed's 'soft landing' scenario still on the table. Key Points
Economic TimesGold advances as yields weaken ahead of Fed verdict
By Anushree Ashish Mukherjee (Reuters) - Gold extended gains on Wednesday, as subdued Treasury yields boosted the bullion's appeal, while investors awaited the outcome of U.S. Federal Reserve's Key Points
ThePrintRupee eyes Fed rate projections after in-line U.S. inflation data
By Nimesh Vora MUMBAI (Reuters) - The Indian rupee is expected to have a quiet opening on Wednesday after U.S. inflation came broadly in-line with expectations, with traders now awaiting the Federal Key Points
ThePrint
US Fed meet starts Tuesday: Status quo likely, but Powell unlikely to sing a dovish tone
The CMEGroups FedWatch tool shows that more than 98% probability of the Federal Open Market Committee leaving the federal funds target range at 5.25-5.50%. Key Points
Economic TimesAsian stocks rise, dollar eases ahead of US inflation data
By Ankur Banerjee SINGAPORE (Reuters) -Asian shares rose on Tuesday while the dollar drifted lower as investors stayed cautious ahead of a crucial U.S. inflation report later in the day that will set Key Points
ThePrintWall Street subdued, gold slides ahead of CPI, Fed
By Stephen Culp NEW YORK (Reuters) -U.S. stocks were muted and gold slid on Wednesday, as investors bided their time ahead of crucial inflation data and the U.S. Federal Reserve's monetary policy Key Points
ThePrintUS bond investors brace for Fed rate cuts in 2024
Bond investors are pricing in imminent Federal Reserve interest rate cuts by the first half of next year, as signs of slowing U.S. economic growth and easing inflation became more evident. Key Points
ReutersShares gain, dollar falls with Fed comments inspiring dovish bets
By Sinéad Carew and Amanda Cooper NEW YORK/LONDON (Reuters) -MSCI's global stock index gained ground on Friday, while U.S. Treasury yields and the dollar were lower after Federal Reserve Chair Jerome Key Points
ThePrintBonds enjoy Fed rate cuts talk
By Tom Wilson and Tom Westbrook LONDON/SINGAPORE (Reuters) - Treasury yields and the dollar hit multi-month lows on Wednesday after a U.S. Federal Reserve official made fresh hints of interest rate Key Points
ThePrintFed may need four years to recoup income loss, St. Louis Fed study says
The Federal Reserve will need nearly four more years to cover a historic operating loss and start sending profits again to the U.S. Treasury, according to new research from the Federal Reserve Bank of St. Louis. Key Points
ReutersWall Street dips, Treasury yields inch lower ahead of Fed minutes
By Stephen Culp NEW YORK (Reuters) -U.S. stocks dipped on Tuesday and benchmark Treasury yields edged lower as there were few market moving catalysts to keep the multi-session rally afoot. All three Key Points
ThePrintWall Street dips, gold jumps as Fed minutes reveal cautious policy approach
By Stephen Culp NEW YORK (Reuters) -U.S. stocks dipped on Tuesday and gold touched a two-week high while minutes from the Federal Reserve's most recent meeting showed the central bank is "in a Key Points
ThePrintUS Federal Reserve officials must carefully watch every word they say
America has seen Fedspeak reach a level so high that it risks the functioning of markets, allocation of capital and stability of the financial system. Fed cred matters for the central bank’s own autonomy. Key Points
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Gold rises on dollar weakness as focus turns to Fed minutes
Gold prices rose on Tuesday, supported by a weaker U.S. dollar and Treasury yields as investors look forward to minutes from the Federal Reserve's latest meeting for more guidance on its interest rate outlook. Key Points
ReutersDollar falls to 2-1/2 month low on Fed expectations, yen strengthens
By Chuck Mikolajczak NEW YORK (Reuters) -The dollar index fell to its lowest in more than two months on Monday, continuing a drop from the prior week, as investors largely believe the U.S. Federal Key Points
ThePrintFed and banks can do more to reduce liquidity risk -Logan
Dallas Federal Reserve Bank President Lorie Logan on Friday defended the U.S. central bank's "ample reserves" approach to monetary policy implementation, even as she outlined a number of ways that both the Fed and banks could further shrink liquidity risks in the financial system. Key Points
ReutersFed's Powell, others, not ready to call policy peak
Speaking at a separate event, Richmond Fed President Thomas Barkin noted that it remains to be seen if further tightening will be warranted, particularly with the economy growing at a 4.9% clip last quarter. Key Points
Economic TimesMorning Bid: Oil-fueled rally turns to Powell
A look at the day ahead in U.S. and global markets from Mike Dolan Key Points
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Fed's Waller calls Q3 US GDP growth a 'blowout' number that warrants watching
Third-quarter U.S. economic growth, at an annualized 4.9% rate, was a "blowout" performance that warrants watching as the Federal Reserve considers its next policy moves, Fed Governor Christopher Waller said on Tuesday. Key Points
ReutersMorning Bid: Markets fly on Fed and funding
A look at the day ahead in U.S. and global markets from Mike Dolan Key Points
ReutersMarkets jump in early trade after two days of fall
BSE jumps 593.8 points to 64,185.13; Nifty climbs 179.3 points to 19,168.45. Equity benchmark indices rebounded nearly 1 per cent in early trade on Thursday after a two-day decline, following a rally in global markets amid the US Fed keeping rates unchanged. Key Points
The Tribune IndiaSensex Today | Share Market Live Updates: Sensex, Nifty set to gain at start; Gift Nifty trades in green
Sensex Today | Share Market Updates: The Indian stock market is expected to jump at the start as Gift Nifty is trading significantly higher amidst positive global cues. Wall Street rallies on hopes the Federal Reserve’s rate hikes are done. Most Asian markets are trading in the green. Key Points
MintDecision-Day Guide: Fed’s ‘hawkish pause’ to keep option to hike
The Federal Open Market Committee will keep rates unchanged at its two-day meeting ending Wednesday in a range of 5.25% to 5.5%, a level first reached in July. The rate decision and an accompanying statement will be released at 2 p.m. in Washington. Chair Jerome Powell will hold a press conference 30 minutes later. Key Points
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Republican US senator presses Fed officials on bond-buying policies
U.S. Senator Rick Scott, a fierce critic of the Federal Reserve's bond-buying program, has sent a new letter to central bank Chair Jerome Powell complaining about what the Florida Republican sees as slow progress in shedding assets from its balance sheet. Key Points
ReutersFed buzz: words to watch for as the Fed sets rates
Federal Reserve policymakers have telegraphed no change to the current 5.25%-5.50% target range for short-term interest rates at their two-day meeting starting Tuesday. Key Points
ReutersTighter credit, lending conditions build case for Fed policy hold
U.S. Federal Reserve officials will likely leave their policy rate on hold at next week's meeting thanks in large part to a new dynamic unfolding before them: Other forces are finally doing the work for them. Key Points
ReutersStrong economy may still require rate increases: Fed Chair Jerome Powell
We are attentive to recent data showing the resilience of economic growth and demand for labor. Additional evidence of persistently above-trend growth, or that tightness in the labor market is no longer easing, could put further progress on inflation at risk and could warrant further tightening of monetary policy, Powell said in remarks to the Economic Club of New York. Key Points
Economic Times