Key Points
After taking a pause in June, the US Federal Reserve, at the end of its two-day monetary policy meeting today, is widely expected to raise the federal funds rate by a quarter percentage point...
In June, the Fed left policy rates unchanged for the first time since March 2022, and said such a move will allow the committee to assess additional data and its implications for monetary policy...
While labor markets remain tight enough, we maintain that the economic lags of massive hikes will not necessarily require further hikes beyond July, Arora said...
We do not expect any notable developments in the meeting statement, and there will be no updated economic projections or dot plotWe expect Powell to reiterate his base case for some additional tightening this year, Nomura Financial Advisory said.. Arora believes the forward guidance by Fed will indicate that the June dot plot is still relevant, while caveating that future policy decisions are not predetermined, and any additional tightening will be data-dependent...
Even though the Nifty is showing signs of resilience, it is unlikely to race to 20000-level in the next few days, given the rising dollar and declining FPI inflows..Globally markets will be keenly watching the Fed commentary since a 25 bps hike in rate is already known and discounted by the market, said V K Vijayakumar, chief investment strategist, Geojit Financial Services...
You might be interested in
US Federal Reserve: The element of surprise in FOMC’s June meeting
15, Jun, 23How worldwide market experts perceive the decision and forecast the market's future.
Fed's Powell opens door to higher & faster rate hikes
08, Mar, 23The latest economic data have come in stronger than expected, which suggests that the ultimate level of interest rates is likely to be higher than previously anticipated, the US central bank chief said in opening remarks at a hearing before the Senate Banking Committee.
US FOMC statement: Full text from Fed's monetary policy statement
14, Jun, 23The US Federal Reserve has kept interest rates steady at 5-5.25%, but indicated that rate hikes are expected in 2023. Inflation remains elevated.
Fed’s last hike before possible pause? Good days for markets ahead
05, May, 23If the Fed, which triggered rate hikes across the world last year, pauses in the next policy review in June and cuts rates in July, it will be good news for Indian equity markets and the economy in general.
Fed to begin rate cut discussions but avoid teeing first one up
20, Jan, 24The Federal Open Market Committee is widely expected to hold interest rates steady for the fourth straight meeting when it gathers in Washington on Jan. 30 and 31
All-tolerant Powell sends Wall Street into a buying frenzy
23, Mar, 24Wall 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.
Japanese yen tumbles as BOJ sticks with ultra-loose policy
19, Dec, 23By Rae Wee and Alun John SINGAPORE/LONDON (Reuters) -The yen tumbled on Tuesday after the Bank of Japan (BOJ) maintained its ultra-loose monetary policy, as expected, and more surprisingly did not
US Fed raises rates by 25 bps to highest level since 2001
27, Jul, 23The US Federal Reserve raised its lending rate by 25 bps to 5.25-5.5% to tackle high inflation. Further increases are possible in the future.