Page 18 - Interest Rate Hike

Fed aims to avoid recession, but it certainly is a possibility: Powell

He said the pace of future rate hikes will depend on whether and how quickly inflation starts to decline, something the Fed will assess on a meeting by meeting basis.

Fed will decide on rate hikes 'meeting by meeting', says Jerome Powell

Its decision-making will be based on the incoming data and the evolving outlook for the economy, Powell said in prepared testimony to the Senate Banking Committee

Unknown unknowns

Risk of a global shock will increase with higher rates

World stocks, oil fall as recession fears mount; yen hits 24-yr low on USD

Enthusiasm that had given Wall Street its best day in a month on Tuesday was suddenly gone as Europe suffered a 1.5% morning drop and Brent crude prices plunged 4%.

Inflation spirals: How are Sri Lanka, Turkey and Argentina dealing with it?

Inflation is a headache in India but a life-threatening disease in Sri Lanka, Argentina, and Turkey. Here is how their central banks are battling the necessary evil

LIC Housing finance hikes lending rate by 60 bps, home loans start at 7.5%

Says hike is in line with market scenario; rates are still very competitive and demand for home loans is to likely to sustain

'Markets have not hit the bottom yet; select banks, autos attractive'

Direct impact of rising interest rates might already be discounted by the markets, but secondary impact is not yet fully priced in, says Varun Lohchab, head of institutional research, HDFC Securities

Week of rate hikes has stocks on course for steepest slide since 2020

World stocks are down 5.7% for the week so far, on course for the steepest weekly percentage drop in more than two years

Wall St sinks as recession fears ripple through markets; Nasdaq down 3.85%

Growth stocks decline, banks also down; S&P 500 down 22.9% year-to-date

Rs 15.74 trn of investors' wealth eroded as markets log 5th day of fall

In five trading days, the Sensex has dived 3,824.49 points, or 6.91%

Gold eases on firmer dollar as investors digest rate hike by US Fed

Spot gold fell 0.3% to $1,827.60 per ounce by 0546 GMT. U.S. gold futures rose 0.6% to $1,830.60.

Bitcoin sinks to fresh 18-month low of $20,079 as crypto meltdown deepens

The value of the global crypto market has tumbled 70% to under $900 billion from a peak of $2.97 trillion in November, CoinMarketCap data shows

Emergency ECB meeting lifts European markets, Fed ready to go big

The euro jumped almost 0.75% to $1.0487 pushing the dollar index off a 20-year high in the process.

Gold eases as dollar resumes rally in run up to Fed rate hike decision

Spot gold fell 0.4% to $1,811.80 per ounce by 12:33 p.m. EDT (1633 GMT), while U.S. gold futures slipped 1% to $1,813.40.

Top headlines: AI allowed to acquire AirAsia India; WPI inflation at 15.88%

Delhi's single-day Covid-19 infections breached the one thousand mark on Tuesday, with a positivity rate of 6.50 per cent and two fatalities, according to data shared by the health department here.

Gold ticks up as dollar rally pauses, Fed rate hike bets curb gains

Spot gold rose 0.3% to $1,823.49 per ounce by 0932 GMT, after falling to its lowest since May 19 at $1,810.90 earlier in the session.

Oil rises on tight global supplies; trade choppy on demand worries

Brent crude rose 68 cents to $122.69 a barrel at 12:13 p.m. EDT (1613 GMT). US West Texas Intermediate crude rose 61 cents to $121.28 a barrel.

'RBI much ahead in containing inflation but rate hike possible in Aug, Oct'

Core CPI also moderated in May to 6.09 per cent compared to 6.97 per cent in April, as per the SBI's research report 'Ecowrap'.

Oil dips on Beijing's Covid warning, fears of rate hikes to curb inflation

Brent crude was down $1.86, or 1.5%, to $120.15 at 0907 GMT, while US West Texas Intermediate crude was down $2.15, or 1.8%, at $118.52.

Both customers and banks to feel pain in new regime

The banks have a balm for their pain. Probably, shifting to floating rate deposits can work as an anaesthetic gel for some of the customers