Page 3 - Federal Reserve
Forex reserves rise for third week in a row; up $2.9 bn to $550.14 bn
Fall in US dollar index seen providing revaluation boost to RBI reserves
 "Forex reserves rise for third week in a row; up $2.9 bn to $550.14 bn")
Rupee gains as Fed's Jerome Powell hints at slower US rate hikes
So far in 2022, the Fed has hiked rates by a total of 375 bps, leading to a stronger dollar and diminishing the appeal of emerging market assets
 "Rupee gains as Fed's Jerome Powell hints at slower US rate hikes")
Smaller rate hikes likely coming in Dec, says US Fed chairman Powell
Jerome Powell, Chairman of the US Federal Reserve, said the central bank could pull back on the pace of its aggressive rate hikes as soon as December.
 "Smaller rate hikes likely coming in Dec, says US Fed chairman Powell")
US job openings fell in October to still-high level as Fed ramps up rates
US job openings dropped in October but remained high, a sign that businesses became slightly less needy for workers as the Federal Reserve ramps up interest rates in an effort to cool the economy. Employers posted 10.3 million job vacancies in October, down from 10.7 million in September, the Labour Department said on Wednesday. Even with the drop, openings were slightly lower in August, when they dipped below 10.3 million before rebounding the following month. The number of people quitting their jobs also slipped in October, to 4 million from 4.1 million. The Federal Reserve is closely monitoring the figures on job openings and quits for signals about the strength of the job market. The Fed is seeking to pull off a delicate task by slowing hiring and the broader economy to cool inflation, but not so much as to cause a recession. While more job openings are a benefit for those seeking work, Fed officials would like to see the number of openings fall. That's because fewer openings
 "US job openings fell in October to still-high level as Fed ramps up rates")
Forex reserves likely to show revaluation gains now, say analysts
RBI said to have been actively buying dollars for the past couple of weeks, say currency traders
 "Forex reserves likely to show revaluation gains now, say analysts")
Sensex hits record high, Nifty at new 1-year high: Factors behind the rally
Global stock markets jumped on Thursday after minutes of the US Federal Reserve's November policy meeting hinted at a possible moderation in the pace of interest rate hikes
 "Sensex hits record high, Nifty at new 1-year high: Factors behind the rally")
Fed officials at last meeting saw few signs that inflation was easing
Federal Reserve officials at their last meeting saw very few signs that inflation pressures were abating before raising their benchmark interest rate by a substantial three-quarters of a point for a fourth straight time. Rising wages, the result of a strong job market, combined with weak productivity growth, were inconsistent" with the Fed's ability to meet its 2% target for annual inflation, the policymakers concluded, according to the minutes of their Nov. 1-2 meeting released Wednesday. At that meeting, the Fed officials also expressed uncertainty about how long it might take for their rate hikes to slow the economy enough to tame inflation. Still, some of the policymakers expressed hope that falling commodity prices and the unsnarling of supply chain bottlenecks should contribute to lower inflation in the medium term.'' There were widespread expectations that ongoing rate increases would be essential'' to keep Americans from expecting inflation to continue indefinitely, the ...
 "Fed officials at last meeting saw few signs that inflation was easing")
Rupee sheds 0.2% to dollar as Covid worries trigger slump in yuan
Talk of persistent rate hikes by US Fed officials also drags rupee lower
 "Rupee sheds 0.2% to dollar as Covid worries trigger slump in yuan")
Global stocks slip, dollar steady as US retail sales tip Fed outlook
Global stocks slid from two-month highs and the safe-haven dollar steadied after stronger-than-expected US retail sales clouded the inflation outlook and hopes that the Federal Reserve
 "Global stocks slip, dollar steady as US retail sales tip Fed outlook")
Worst of rupee volatility seen over as Fed view softens: BS poll
Rupee likely at 81.68 by December-end, largely stable at 81.75 by March-end
 "Worst of rupee volatility seen over as Fed view softens: BS poll")
Dollar set for biggest two-day fall since 2009 as rate outlook shifts
The dollar staged its biggest drop since late 2015 on Thursday as Treasury yields plunged, while other currencies - the yen and the pound in particular - jumped
 "Dollar set for biggest two-day fall since 2009 as rate outlook shifts")
Global stocks rise after lower US inflation eases interest rate hike fears
Global stock markets rose on Friday after US inflation eased more than had been expected, spurring hopes the Federal Reserve might scale down plans for more interest rate hikes. Hong Kong's benchmark surged 7.7 per cent while Tokyo and Shanghai also gained. London and Frankfurt rose in early trading. Wall Street futures were higher. Oil prices rose more than USD 2 per barrel. Wall Street's benchmark S&P 500 index rose by its biggest one-day margin in 2 1/2 years on Thursday after the government reported consumer prices rose 7.7 per cent over a year ago in October. That was lower than the 8 per cent expected by economists and the fourth month of decline. The announcement drove a more 'dovish' calibration of interest rate expectations, Yeap Jun Rong of IG said in a report. The Fed and central banks in Europe and Asia are raising rates to cool inflation that is at multi-decade highs. Investors worry that might tip the global economy into recession. They hope lower inflation might ...
 "Global stocks rise after lower US inflation eases interest rate hike fears")
US inflation eases to 7.7% in Oct, gives Fed room to slow rate-hike
The consumer price index was up 7.7% from a year earlier, the smallest annual advance since the start of the year and down from 8.2% in September
 "US inflation eases to 7.7% in Oct, gives Fed room to slow rate-hike")
US jobs top forecasts, wages pick up in labor market despite Fed aggression
US employers added more jobs than expected in October while wages rose firmly, underscoring the resilience of the labor market despite the Federal Reserve's aggressive efforts to cool it down.
Bond yields track US peers on Federal Reserve interest rate hike
Total trade volumes in the regular secondary bond market were at Rs 21,150 crore on Thursday
 "Bond yields track US peers on Federal Reserve interest rate hike")
Oil prices rise before expected Fed rate hike as US crude stocks drop
Oil prices rose on Wednesday before an expected rate hike by the Federal Reserve, supported by another decline in US oil inventories as refineries picked up activity ahead of the winter heating seas
 "Oil prices rise before expected Fed rate hike as US crude stocks drop")
Fintechs shadow banks of current time, are fragile: Douglas W Diamond
Professor at the University of Chicago's Booth School of Business, Diamond received the prize along with Philip Dybvig and former Fed chair Ben Bernanke
 "Fintechs shadow banks of current time, are fragile: Douglas W Diamond")
Asian shares waver, dollar dips ahead of Federal Reserve's policy decision
Markets widely expect the Fed to raise its benchmark overnight interest rate by 75 basis points (bps) to a range of 3.75% to 4.00%, the fourth such increase in a row
 "Asian shares waver, dollar dips ahead of Federal Reserve's policy decision")
FPIs regain risk appetite, pump in nearly Rs 8,430 crore in October
US and European markets gained in October after a sharp sell-off in September
 "FPIs regain risk appetite, pump in nearly Rs 8,430 crore in October")
Rupee marks biggest monthly losing streak since 1985, braces for Fed move
Oil importers' dollar purchases, breach of technical levels drag rupee lower
 "Rupee marks biggest monthly losing streak since 1985, braces for Fed move")
