Us Fed Rate Hike

Federal Reserve cuts key interest rate by 25 bps to support economy

Officials voted unanimously to lower the federal funds rate to a range of 4.5% to 4.75%. The adjustment follows a larger, half-point cut in September

US Fed Chairman Powell opens key week of Fedspeak as rate cut case develops

The Fed meets July 30-31, but under the central bank's rules policymakers can't comment about monetary policy from this Saturday, July 20, until the Friday after the meeting

Fed Reserves' key inflation gauges may offer path to rate cuts in September

At the same time, the labour market - the other part of the Fed's dual mandate - is still plugging along, albeit in a lower gear

Corporate earnings, Fed interest rate decision to drive markets: Analysts

Quarterly earnings from corporates, the US Fed interest rate decision and other global trends will be the major driving factors for determining movement in the domestic equity market in a holiday-shortened week ahead, analysts said. Besides, factors like trading activity of foreign investors, global oil benchmark Brent crude and rupee-dollar trend would also influence trading. Domestic equity markets would remain closed on Wednesday on account of Maharashtra Day. "Domestically, the next batch of Q4 earnings reports will drive stock-specific movements," said Santosh Meena, Head of Research, Swastika Investmart Ltd. Monthly auto sales figures will be announced at the beginning of May, and the next phase of voting will be significant, he said. "On the global front, the outcome of the US Federal Open Market Committee (FOMC) meeting on May 1st will be important. Economic data releases from China and the US, along with movement in the global currency market, will also be the factors to

Jerome Powell likely to keep borrowing rates higher-for-longer time

In the euro zone, data may show that the slowdown in inflation stalled in April for the first time this year

US Fed should not act urgently to cut interest rates unless required: Daly

The worst thing to do is act urgently when urgency is not required, Daly, one of 19 US central bankers who set monetary policy, said at the Stanford Institute for Economic Policy Research

Highlights: BJP fields ex-diplomat Taranjit Sandhu from Amritsar, singer Hans Raj Hans from Faridkot, ex-Cong MP Preneet Kaur from Patiala for LS 2024

From Amit Shah's visit to Assam to US Federal Chair Jerome Powell's statement on interest rates and keeping an eye on inflation, track all the news from around the world here

CEA V Ananatha Nageswaran sees RBI holding fire if US Fed hikes rate again

The Federal Reserve left interest rates unchanged on Wednesday while still keeping alive the possibility of more hikes given inflation remains above its 2 per cent target and economic growth is strong

US growth for last qtr likely reflected consumers' resistance to Fed hikes

The government is expected Thursday to report stellar growth for the US economy during the July-September quarter, highlighting the durability of consumer and business spending despite the Federal Reserve's efforts to cool the expansion with high interest rates. Last quarter's robust growth, though, will probably prove to be a high-water mark for the economy before a steady slowdown beginning in the current October-December quarter and extending into 2024. Thursday's report is sure to be seized upon by the Biden administration as evidence that its policies have helped spur solid growth, though surveys show that most Americans hold a sour view of the president's handling of the economy. The Commerce Department's figures are expected to show that the nation's gross domestic product the economy's total output of goods and services expanded at a 3.8% annual pace in the third quarter, according to a survey of economists by FactSet. If accurate, that would amount to the fastest quarterl

Use price dips for 10% allocation as gold continues to lose lustre

Use price dips to build a 10% allocation to gold

Stocks to Watch: Tata Motors, L&T, CEAT, Tata Motors DVR, SBI Life, BPCL

Stocks to watch on July 26, 2023: Tata Motors announced the cancellation of its DVR shares. Under the scheme, 7 ordinary shares of the company will be issued for every 10 DVR shares

US Fed rate decision, June qtr earnings to drive markets this wk: Analysts

The US Fed interest rate decision and ongoing quarterly earnings from corporates are the major factors to drive the equity markets this week, where the benchmark indices may face volatile trends amid the scheduled monthly derivatives expiry, according to analysts. Besides, trends in global markets and the trading activity of foreign investors would also influence domestic equities. "On July 26, the US Federal Reserve will announce its policy decision, and there is an expectation of a 25 basis point rate hike. Market participants will closely analyse the comments made during the announcement. Additionally, on July 28, the Bank of Japan will also reveal its policy decision," Santosh Meena, Head of Research at Swastika Investmart Ltd, said. Companies like Tata Steel, Asian Paints, Axis Bank, Bajaj Finance, BPCL and Tech Mahindra will release their earnings throughout the week, Meena added. Shares of Reliance Industries Ltd, India's most valuable company, will be in focus on Monday aft

Fed readies another rate hike in pivotal week for major central banks

Both Fed Chair Jerome Powell and ECB President Christine Lagarde have warned that inflation remains too high, forcing them to raise borrowing costs further

Sensex soars 556 pts, ends at 2023 high; Nifty tops 18,250; HDFC twins lead

CLOSING BELL: The NSE Nifty 50 rallied 166 points. Index heavyweights HDFC, HDFC Bank and Reliance Industries contributed more than 60 per cent of the gain for Sensex.

Bitcoin climbs to 10-month high of $30,000 as rate hike worries ease

For the past three weeks, Bitcoin was stuck in the range of $26,500 and $29,400

BofA sees meaningful risks of Q2 US economic contraction after recent data

BofA pointed to data from April 3 showing US manufacturing activity slumped in March to the lowest level in nearly three years as new orders plunged

TMSEp396: US Fed rate hike, Bisleri, air pollution, Credit Suisse AT1 bonds

How will US Fed policy outcome affect markets? What's happening with Bisleri? Why can't Indian cities curb air pollution? What happened to Credit Suisse's AT1 bonds? All answers here

Top headlines: Fed hikes rate, law firms plan fee hike to retain talent

Business Standard brings you the top headlines at this hour

US lenders face scrutiny as Federal Reserve's rate decision looms

The Fed's relentless rate hikes to rein in inflation have been partly blamed for sparking the biggest meltdown in the banking sector since the 2008 financial crisis

Most APAC fin institutions immune to US bank failure, rising rates: Moody's

Most Asia Pacific financial institutions are not exposed to the failed US banks and are not as susceptible to large losses from debt security holdings as Silicon Valley Bank was, Moody's said on Tuesday. On March 12, US regulators closed Signature Bank, just two days after shutting Silicon Valley Bank, following mass withdrawals of customer deposits from these regional banks. Moody's Investors Service said these events are likely to result in a tightening of liquidity in debt markets globally as investors grow wary. However, the impact will be limited for most rated financial institutions in Asia-Pacific (APAC) because of structural factors. "Also, most APAC institutions are not exposed to the failed US banks, and only a handful of institutions has immaterial exposures. Finally, most institutions are not as susceptible to large losses from debt security holdings as Silicon Valley Bank was," Moody's said. The US-based rating agency said rated banks in APAC structurally have stable .