Page 7 - Us Fed

US Fed surprise may herald new era of Asian currency weakness

Almost all developing Asian currencies were lower against the greenback after Fed released forecasts that showed officials anticipate two interest-rate increases by end of 2023, sooner than thought.

Ahead of jobs miss, some Fed officials edged towards 'taper' debate

US stocks dropped further into negative territory after the release of the minutes, while the US 10-year Treasury yield rose to a session high of 1.678%.

Asia shares, bruised over US inflation scare, counting on calm Fed

Japan's Nikkei fell 2.0 per cent and touched its lowest since early January, while Chinese blue chips lost 0.9 per cent

Be prepared for a volatile phase as risks to markets on a rise: Analysts

Investors, they say, need to keep a tab on how the US treasury yields move, which in turn will have a ripple effect on how big money moves across developed (DMs) and emerging markets (EMs)

Bears rule D-St for 4th day; Sensex tanks 562 pts in broad-based sell-off

All the sectoral indices ended the day in the red with the Nifty Realty, Metal, and PSU Bank indices dropping up to 3 per cent

World shares gain ahead of US jobs data, Fed chair comments

Stocks are higher in Europe and Asia after a wobbly day on Wall Street, when the S&P 500 gave back most of its gains from a day earlier. Benchmarks rose Wednesday in Paris, London, Tokyo and Shanghai. US futures also advanced. Investors have taken heart from an easing in bond yields that has alleviated worries over possible interest rate hikes. The yield on the 10-year Treasury inched down to 1.40 per cent early Wednesday. But expectations for stronger economic growth in coming months continue to fuel worries that interest rates will head higher. It feels like we are in the eye of the storm," Stephen Innes of Axi said in a commentary. Investors have recently focused on selling high-priced technology shares but are also watching for policy changes as President Joe Biden's USD 1.9 billion stimulus package heads into the Senate after narrowly passing in the House. How much overheating and inflation will the Biden fiscal stimulus generate remains at the top of virtually every market .

US Fed officials emphasise policy 'patience' as market outlook improves

The Fed will need a "big dose of patience in the summer," she added, as inflation likely picks up sharply but temporarily

Banks, miners lead European markets higher as Fed calms inflation woes

Shares in the British bank slipped 5 per cent despite it restoring its dividend and reaffirming long-term profit goals

Oil prices hovers near 13-month highs as storm hits US production

Both contracts touched their highest since Jan. 8, 2020, earlier in the session with Brent at $67.49 and WTI at $63.67. The April Brent contract expires on Friday

Fed to keep monetary policy easy, stay patient as US economy revives

"We are just being honest about the challenge," Powell told lawmakers when asked about Fed projections that inflation will remain at or below the central bank's 2% target through 2023

US: Fed policymakers see rebound ahead, even if no Covid herd immunity

Analysts have long predicted economic activity will pick up as more people are vaccinated, but hopes for a quick path to a fully immunized populace have faded amid vaccine shortages

US Fed keeps interest rates near zero amid slow economic recovery

The path of the economy continues to depend significantly on the course of the virus

Battle over emergency Federal Reserve powers stalls $900 billion aid plan

Lawmakers on both sides said a provision by Sen Pat Toomey, R-Pa, that would curb emergency Federal Reserve powers was the sticking point

US Fed officials differ over economy's risks as coronavirus surges

New York Fed President John Williams says a full recovery will have to wait for a vaccine, with the health crisis putting a "question mark" on the economy

Donald Trump's Federal Reserve nominees may get Senate vote next week

Republican leaders have previously said they would not advance the nominations unless they were confident that Trump's controversial pick for one of the two open posts

Bank of Japan has no plan to change inflation target, says Haruhiko Kuroda

"We have no intention to change our inflation targeting policy and forward guidance," Kuroda said in an online International Banking Seminar of the Group of 30.

Fed officials double down on pledge to keep interest rates near zero

The Fed's governing board made that vow last week at its regularly scheduled policy meeting, promising to leave rates at their current near-zero levels until the economy reaches full employment

US recovery, slow and uneven, is hampered by 'uncertainty': Fed survey

The Fed, in its "Beige Book" report, highlighted the uneven rebound underway in the US economy

Markets higher as Fed chair says interest rates to stay low

Asian markets were mostly higher on Friday after the Federal Reserve said it might keep interest rates low even if inflation rises, in a major overhaul to its strategy. Shares rose in Japan, South Korea, Shanghai and Hong Kong but fell in Sydney. Overnight, the S&P 500 ticked 0.2% higher, further into record territory and closing at 3,484.55, after Federal Reserve chair Jerome Powell said in a speech that it might keep interest rates low to help prop up the pandemic ravaged economy even if inflation rises above its target level of 2%. The hoped for change in the Fed's strategy is a huge deal for markets that have been rescued by central banks slashing short-term interest rates and buying all kinds of bonds. Japan's consumer price index rose 0.3% in July, the government reported, down from 0.6% the month before. The Bank of Japan has kept interest rates near or even below zero for most of the past decade, seeking to spur inflation and entice companies and consumers to spend more. .

F&O expiry: Indices gain for 5th day, Nifty above 11,550; DLF advances 10%

All that happened in the markets today