US Monetary Policy

RBI MPC policy meet: The Reserve Bank of India (RBI) is expected to hold the rate at 6.5 per cent again amid inflationary pressures. However, a cut may be possible going ahead

The new norms will pose requirements for higher liquid assets for the banks to shore up their LCRs

The average long-term U.S. mortgage rate rose to its highest level in five weeks, a setback for prospective homebuyers during what's traditionally the busiest time of the year for home sales. The average rate on a 30-year mortgage rose to 6.88% from 6.82% last week, mortgage buyer Freddie Mac said Thursday. A year ago, the rate averaged 6.27%. When mortgage rates rise, they can add hundreds of dollars a month in costs for borrowers, limiting how much they can afford at a time when the U.S. housing market remains constrained by relatively few homes for sale and rising home prices. Rates have been mostly drifting higher in recent weeks as stronger-than-expected reports on employment and inflation have stoked doubt among bond investors over how soon the Federal Reserve will move to lower its benchmark interest rate. The central bank has signaled that it expects to cut its short-term rate three times this year once it sees more evidence of cooling inflation. On Wednesday, Treasury yiel

US employers hired far more workers than expected in March and raised wages at a steady clip, the Labor Department said

The dollar index fell 0.07% to 104.04, while the euro was up 0.08% to $1.0785

High interest rates, which tend to dampen economic growth and oil demand, in major economies like the United States and the euro zone appear to be here to stay in the near term

Experts have said that RBI is likely to keep the repo rate unchanged at 6.5 per cent in view of elevated inflation and other global factors

Gains on Wall Street lifted global stocks, and the MSCI All Country stock index edged 0.12% higher

Led by vegetables, food inflation in India soared to an over 3-year high of 11.5% in July. This pushed retail inflation to 7.44%, above the RBI's comfort band

Here is the best of Business Standard's opinion pieces for today

Total trade volumes in the regular secondary bond market were at Rs 21,150 crore on Thursday

Analysts expect rupee to trade in the range of 78-80 per dollar, for now

A robust inflation reading is expected to burnish gold's appeal as an inflation hedge, but interest rate hikes would raise the opportunity cost of holding non-yielding bullion

Central banks of the world are implementing coordinated rate reduction but such convergence is neither new nor permanent

A surge in wages and benefits got his attention. Other data soon confirmed his concern

The identification of the Omicron coronavirus variant last month has added a new level of uncertainty for US central bank officials

Here are the best of Business Standard's opinion pieces on Monday

In contrast to the US, India is in the early stages of its inflation journey

The Dow Jones Industrial Average was down 114.93 points, or 0.32%, at 35,937.70

While US monetary policy was far from hawkish in 2014, it stood in contrast to the ultra-dovish trajectories of central banks in Europe, Japan and other countries