Page 18 - Us Federal Reserve

'Inflation has peaked' narrative premature, impact to stay: Crypto experts

Bitcoin, the largest cryptocurrency by market cap, has fallen nearly 10 per cent since the Fed announcement of the inflation figures and was trading at $20,367.16 on Wednesday

Rupee falls 30 paise against US dollar to 79.44 on hawkish Fed outlook

Rupee had opened at 79.60, but managed to claw back from its fall, helped by Indian shares recouping a large part of their losses

Oil prices tumble 2%, reversing gains after bearish US economic data

U.S. commercial oil stocks were forecast to have risen 800,000 barrels during the same week, analysts forecast in a Reuters poll

US consumer price growth unexpectedly rose in August to 8.3%

So-called core CPI, which strips out the more volatile food and energy components, advanced 0.6% from July and 6.3% from a year ago

Futures tumble as US consumer price growth unexpectedly rises in August

Excluding the volatile food and energy components, core CPI increased to 6.3% from 5.9% in July, putting further pressure on the Fed to continue on its rate-hiking spree

Dwindling foreign exchange reserves spells risk for EM currencies

Thailand saw the biggest drop in reserves as a percentage of the gross domestic product, followed by Malaysia and India, according to data compiled by Bloomberg

RBI's expected soft landing for India means fast, if not fastest, growth

Economists see Reserve Bank of India Governor Shaktikanta Das and his monetary policy panel colleagues to begin dialing down the pace of interest-rate hikes this month

US stocks rise broadly, remain on track to break 3-week losing streak

Stocks rose in afternoon trading on Wall Street Friday, keeping the market on track to break a three-week losing streak. The S&P 500 rose 1.2% as of 12:15 pm Eastern and is up 3.3% for the week. The Dow Jones Industrial Average rose 306 points, or 1%, to 32,078 and the Nasdaq rose 1.7%. Each index is on track for its first weekly gain in four weeks. Technology stocks and retailers had some of the biggest gains. Microsoft rose 1.8% and Amazon rose 1.6%. DocuSign jumped 8% after the electronic signature company reported strong second-quarter sales and raised its subscription forecast. All 11 industry sectors in the benchmark S&P 500 rose, though makers of household goods and utilities, which are typically considered less risky investments, lagged the market. U.S. crude oil prices rose 3.1%. Bond yields were mixed. The yield on the 10-year Treasury, which influences interest rates on mortgages and other loans, fell to 3.31% from 3.33% late Tuesday. The two-year Treasury yield, ..

Gold hits more than one-week high as dollar slips boosting its demand

Spot gold was up 0.7% at $1,719.89 per ounce by 1230 GMT after rising to its highest since Aug. 30 at $1,729.29 earlier in the session

Rate rise fears prompt third week of global equity funds outflows

Global equity funds remained out of favour in the seven days to Sept 7 as a strong US services industry report fuelled concerns that the Fed would keep hiking interest rates to tame inflation

Dollar stabilises after steep climb, euro up by 0.52% on ECB rate hike

The dollar took a breather from its surging rally on Friday as markets digested yet more hawkish Fed speak, while the euro hung on to parity by an outsized rate hike from the European Central Bank

Gold, silver prices rise; silver jumps Rs 1,400, selling at Rs 54,200/kg

Ten grams of 22-carat gold is trading at Rs 46,650 today after rising Rs 250

Stocks, bond yields rise after record ECB rate hike of 75 basis points

Global stocks and government bond yields rose on Thursday after the European Central Bank raised interest rates by a record 75 basis points

Federal Reserve likely to go for another 75-bps rate hike this month

The US labor market has remained strong this year, with employers adding 315,000 jobs in August, a robust gain

European Central Bank to join US Fed in rate hikes amid record inflation

The European Central Bank is set to join the U.S. Federal Reserve in making a jumbo interest rate hike Thursday as it tries to stamp out record inflation although it risks worsening a recession that economists say is bearing down on Europe. The meeting of the bank's governing council is not about whether to raise rates for the 19 countries that use the euro currency, but by how much: between half a percentage point or three-quarters of a point, analysts say. The bank made its first increase in 11 years at its last meeting in July, raising rates by a half-point when it usually changes by only a quarter-point. The ECB, which once predicted no rate increases at all this year, has torn up its road map in the face of record inflation of 9.1% last month, which has been driven by skyrocketing prices for natural gas and lasted much longer than expected. Inflation is far above the bank's goal of 2% considered healthiest for the economy. The central bank's rationale for an increase of ...

US dollar gains as Fed doubles down on tightening stance; euro falls

Fed officials are soon due to enter a blackout period prior to the central bank's Sept. 20-21 meeting

ICICI, Axis, HDFC Bank lift Sensex 659 pts, Nifty near 17,800; metals dip

CLOSING BELL: Shree Cement, BPCL, Tech M, Axis Bank, M&M, ICICI Bank, Ultratech Cement, Bharti Airtel, Bajaj Finserv, and SBI gained in the range of 2 per cent to 5 per cent

Gold, silver prices decline in early trade, silver selling at Rs 52,800/kg

The price of silver dipped Rs 1,100 per kg with the metal trading at Rs 52,800

Chris Wood ups India stake; hikes allocation by 2% amid resilient stock mkt

In his Asia Pacific ex-Japan asset portfolio, allocation to Indian equities at 16 per cent is the second highest after his exposure to China, which stands at 31 per cent.

Wall Street rebounds as yields slip, focus on Fed path; Nasdaq up 1%

Data signaling strength in the US economy has prompted traders to bet on a 75-basis-point interest rate hike by the Fed later this month