Page 10 - Federal Reserve

Dollar slips before Fed decision, euro rises on ECB rate hike bets

The dollar index, a measure of the US currency against six major peers, fell 0.109% but was close to an almost two-week high touched on Tuesday

Rupee may struggle on uptick in US yields before Federal Reserve decision

Non-deliverable forwards indicate the rupee will open marginally lower to the U.S. dollar, compared with 81.87 on Tuesday

Marsh McLennan beats Q2 profit estimates on interest income boost

Ten successive rate hikes by the U.S. Federal Reserve have helped companies net higher interest income on funds they hold on behalf of clients

Largest US banks would survive severe recession, Fed's 'stress tests' show

The nation's 23 largest banks passed the Federal Reserve's so-called stress tests this year, a sign that the nation's banking system remains resilient despite the recent banking crisis that led to the failure of Silicon Valley Bank, Signature Bank and First Republic Bank. The Fed's report issued Wednesday did show some relative weakness among the midsize banks and "super regional" banks, with some getting a passing grade with a smaller cushion than usual. Those results could raise eyebrows among investors and policymakers. Fed policymakers also hinted that they could make the tests harder in future iterations, due to the banking crisis earlier this year. We should remain humble about how risks can arise and continue our work to ensure that banks are resilient to a range of economic scenarios, market shocks, and other stresses, said Michael Barr, the Fed's vice chair for supervision, in a statement. The stress tests have become an annual report card for the nation's financial system

Indian market has breadth and depth of firms to invest in: Sukumar Rajah

Our biggest overweight by sector is financial, where our top holdings include ICICI Bank and HDFC Bank. This reflects our optimism about the outlook for investment and consumption in the economy

Interest rate hikes will come at a 'careful pace' from here: Fed's Powell

Powell did not specify his own view on when and how high rates should move. Most policymakers see at least two more quarter-point rate increases by the end of this year

BofA expects Fed to deliver 2 more hikes, JPM adds July hike expectation

BofA Global Research now expects two more quarter percentage point interest rate hikes from the U.S. Federal Reserve this year

Federal Reserve to pause, keep option to raise interest rates in July

The rate decision and committee forecasts will be released at 2 pm in Washington. Chair Jerome Powell will hold a press conference 30 minutes later

Oil price rises as market awaits Federal Reserve's interest rate decision

The IEA, meanwhile, increased its oil demand growth forecast for this year by 200,000 barrels per day (bpd) to 2.4 million bpd, lifting the projected total to 102.3 million bpd

As Fed Reserve signals rate pause, Powell will have to placate hawks

Policymakers are expected to leave rates in a range of 5% to 5.25% at their June 13-14 meeting, allowing them to take stock of the outlook following recent strains in the banking sector

US Federal Reserve seen skipping June, maybe hiking in July after jobs data

Traders now see about a one-in-three chance that the Fed will deliver an 11th straight rate increase at its June 13-14 meeting, up from about one-in-four before the Labor Department report

Cause and effect: Are corporate profits fueling inflation globally

As the Federal Reserve continues with hikes, the linkage between corporate profit margins and inflation is blamed for consumer burden

Raising bets: FPI buying in Indian shares at nine-month high in May

Net buyers of equities worth Rs 37,317 crore in May, highest since Aug 2022

Why Fed rate-hike pause may not be good for stocks as Wall Street hopes?

The possible end to the Federal Reserve's long campaign of rate hikes appears like an oasis to beaten-down Wall Street investors, but is it a mirage? With inflation cooling from its peak last summer, Wall Street overwhelmingly assumes the central bank will hold rates steady for the first time in more than a year when it meets next month. High rates knock down inflation by slowing the economy, raising the risk of a recession and hurting prices for all kinds of investments. The stock market has held steady in recent weeks as investors bet on a pause by the Fed, offsetting a long list of other concerns, from cracks in the US banking system to the US government's edging toward what could be a catastrophic default on its debt. History seems to be on Wall Street's side. Going back to the 1980s, the S&P 500 has jumped an average of nearly 6 per cent in the three months after the Fed makes its final increase in a rate-hike campaign. But something makes today different than those four ...

US factories production surges in April as motor vehicles output rises

Capacity use for the manufacturing sector increased 0.7 percentage point to 78.3% in April. It is 0.1 percentage point above its long-run average

Powell faces lowest public confidence for Fed chairman on record: Gallup

A Gallup poll released Tuesday shows 36% of US adults say they have a "great deal" or a "fair amount" of confidence that Federal Reserve chairman would do or recommend the right thing for the economy

US manufacturing sector contracts for sixth straight month in April

The sector, which accounts for 11.3% of the economy, is being weighed down by the Federal Reserve's fastest interest rate hiking campaign since the 1980

Federal Reserve seen boosting rates even as economic risks build in US

The Federal Open Market Committee is expected to boost the benchmark lending rate target by another quarter percentage point on Wednesday

Federal Reserve faults Silicon Valley Bank execs, itself in bank failure

Silicon Valley Bank failed due to a combination of extremely poor bank management, weakened regulations and lax government supervision, the Federal Reserve said on Friday, in a highly-anticipated review of how the central bank failed to properly supervise the bank before it collapsed early last month. The report, authored by Federal Reserve staff and Michael Barr, the Fed's vice chair for supervision, takes a critical look at what the Fed missed as Silicon Valley Bank grew quickly in size in the years leading up to its collapse. The report also points out underlying cultural issues at the Fed, where supervisors were unwilling to be hard on bank management when they saw growing problems. The Federal Reserve did not appreciate the seriousness of critical deficiencies in the firm's governance, liquidity, and interest rate risk management. These judgments meant that Silicon Valley Bank remained well-rated, even as conditions deteriorated and significant risk to the firm's safety and ...

Fed's review report of supervision in Silicon Valley Bank collapse out

The Federal Reserve is scheduled Friday to release a highly-anticipated review of its supervision of Silicon Valley Bank, the go-to bank for venture capital firms and technology start-ups that failed spectacularly in March, setting off a crisis of confidence for the banking industry. The review, due to be released at 11 a.m. eastern, is expected to examine how regulators may have missed warning signs in Silicon Valley Bank's business and whether they could have been addressed before the bank failed. Further, the report is expected to look at what regulators could do better to prevent a similar bank failure in the future. Federal regulators seized Silicon Valley Bank on March 10 after customers withdrew tens of billions of dollars in deposits in a matter of hours. Two days later, they seized Signature Bank of New York. Although regulators guaranteed all the banks' deposits, customers at other midsize regional banks rushed to pull out their money often with a few taps on a mobile ...