Officials since that meeting have tamped down expectations for imminent interest rate cuts, which investors now see beginning in September
The 10-year yield was around the crucial 4.60% mark, while the two-year yield, a closer indicator of interest rate expectations was around 4.95%
Pre-market update Thursday, May 02: Why are global markets trending higher post US Fed meeting outcome? All you need to know before the Indian stock market opens for trade today.
Powell's comments further squashed any lingering expectations of the Fed cutting rates in the near term, with markets pricing in September as the new starting point of the easing cycle
FOMC said it is unlikely to start cutting rates without 'greater confidence' that inflation is moving 'sustainably' towards its long-term 2% target
Union Finance Minister Nirmala Sitharaman is set to table the interim budget for 2024-25 on Thursday, February 1
The only concern for the markets, analysts say, is whether the cumulative rate hikes executed across the globe would lead to growth slowdown, or will the global economy recover significantly
Closing Bell on December 12, 2023: Sun Pharma, Maruti Suzuki, Titan, NTPC, Reliance Industries, L&T, M&M, IndusInd Bank were some of the top large-cap losers
The fed funds futures market allows traders to place wagers on the precise timing of US central bank policy actions, and they did so to an eye-popping degree after this week's meeting
The US central bank, Powell said, is prepared to hike the benchmark rates and keep the borrowing costs high until inflation comes in the target range of 2%
Gains on Wall Street lifted global stocks, and the MSCI All Country stock index edged 0.12% higher
Interest rates hikes may pause for the first time in almost 11 months, but uncertainty around the US monetary policy and its potential impact on domestic and global markets still looms
For foreign investors, there is a good opportunity to buy Japan, Korea and Taiwan in the Asian region, he said in this exclusive interview on the sidelines of the Morgan Stanley India Investment Forum
She said central banks should be more willing to tolerate inflation below target at a time when unemployment is already low
The collapse of several banks in the last two weeks has spread fears of contagion in global markets, but crypto markets saw a bull run, with Bitcoin climbing to its nine-month high on Monday
According to Jefferies, analysts' consensus revenue growth estimates for CY24 have been lowered for top clients of all IT firms, barring Wipro, with the highest cuts for HCL Tech and Tech Mahindra
India, according to them, is among the more sensitive markets to US rates, and demonstrates the most sensitivity to local rates given higher influence of domestic flows into the market
The Fed raised interest rates by 50 basis points (bps) in December after four consecutive increases of 75 bps each
Asian equities rose on Wednesday, while the dollar was on the back foot after a steep spike overnight, with investors keenly awaiting minutes from the Federal Reserve's most recent meeting
Only two of 19 Fed officials saw the benchmark overnight interest rate staying below 5% next year