US Fed

Investors are eyeing the US Consumer Price Index (CPI) release on Wednesday and the Producer Price Index (PPI) on Thursday

Nonfarm payrolls rose 227,000 last month following an upwardly revised 36,000 gain in October according to Bureau of Labor Statistics figures released Friday

Firms exposed to trade with China in particular, about half of publicly listed companies, saw bigger stock market losses on days when import tariffs were announced during 2018 and 2019

The remarks provide a small taste of what's expected to be a broad but closed-door debate of the appropriate path for policy at the Fed's upcoming policy meeting, on Nov. 6-7

US currency was also supported by recent market contemplation of a potential election victory for Donald Trump

The greenback was down 0.39 per cent at 148.71 yen after rising to as high as 149.58 yen for the first time since Aug. 2 . The euro dropped to its lowest since Aug. 9 against the dollar

The consumer price index increased 0.2 per cent last month after gaining 0.2 per cent in August, the Labor Department's Bureau of Labor Statistics said

Even after the losses, gold prices are set for an over 25 per cent rise this year after prices hit a record peak of $2,685.42 on Sept. 26

Markets had priced in a 55 per cent probability of a 25 basis point cut before the decision

President Joe Biden said on Thursday the Federal Reserve's decision to lower interest rates was an important signal that inflation has eased as he poked at Donald Trump's economic policies as a failure in the past and sure to fail again if revived. Lowering interest rates isn't a declaration of victory," Biden told the Economic Club of Washington, DC. "It's a declaration of progress, to signal we've entered a new phase of our economy and our recovery. The Democratic president emphasised that there was more work left to do, but he used his speech to burnish his economic legacy even as he criticised Trump, his Republican predecessor who is running for another term. Trickle down down economics failed," Biden said. "He's promising again trickle down economics. It will fail again. Biden said Trump wants to extend tax cuts that disproportionately benefit the wealthy, costing an estimated USD 5 trillion, and implement tariffs that could raise prices by nearly USD 4,000 per family, somethi

While benchmark indices rallied close to 1 per cent in early trade and made new record highs, valuation concerns and a sharp selloff in the broader markets led to profit-taking

US Fed rate cut: Asian equities, however, saw meaningful gains Thursday morning where Indian stock market hit fresh record highs

If the US Federal Reserve (US Fed) rate cut is combined with a weaker dollar then the EMs (ex-China) should do well

Policymakers see the Fed's benchmark rate falling by another half of a percentage point by the end of this year, and another full percentage point in 2025

History suggests that the start of a rate-cut cycle alone is not a reliable trigger for market rallies

Market participants said that the demand for ultra-long government securities will continue given the favourable demand-supply dynamic

Traders now see just a 15 per cent chance of a half-point rate cut at the Fed's Sept. 17-18 policy-setting meeting

Bank executives this week softened investor hopes ahead of a widely expected interest rate cut by the Federal Reserve, as well as persistent worries over the economy

In the 12 months through August, the CPI advanced 2.5 per cent. That was the smallest year-on-year rise since February 2021 and followed a 2.9 per cent increase in July

The draft Basel rule, first unveiled in July 2023, overhauls how banks with more than $100 billion in assets calculate the amount of capital they must put aside to absorb potential losses