Page 34 - Us Federal Reserve
Wall Street slides, 10-year Treasury yields cross 3% as Fed rate hike looms
All three major U.S. stock indexes reversed earlier gains as 10-year Treasury yield reached the 3% mark for the first time in more than three years.
 "Wall Street slides, 10-year Treasury yields cross 3% as Fed rate hike looms")
Indices end in the red but bulls fight back; HDFC shines after Q4 show
After plunging over 600 points in intraday trade, the 30-share BSE Sensex recouped most losses to end 84.88 points or 0.15 per cent lower at 56,975.99
 "Indices end in the red but bulls fight back; HDFC shines after Q4 show")
Is the US Fed rate hike always bad for equity markets? What analysts say
While the general consensus is of 6-7 rate hikes this year by the US Fed, there are some who expect lower rate hikes and a slowdown in the economy
 "Is the US Fed rate hike always bad for equity markets? What analysts say")
End of easy money brings with it a $410-billion global financial shock
Inflation is pushing central banks to shrink their balance sheets as they hike interest rates, adding a new risk for the world economy hit by war and lockdowns
 "End of easy money brings with it a $410-billion global financial shock")
Gold dips as bond yields rise before Fed meeting expecting rate hike
The market is concerned that the Fed could be quite hawkish, pricing in a 50 basis point hike, and it could be 75 basis points in July, said Stephen Innes, managing partner at SPI Asset Management
 "Gold dips as bond yields rise before Fed meeting expecting rate hike")
Biggest treasury buyer outside US quietly offloads nearly $60 bn
The latest data from BMO Capital Markets show the largest overseas holder of Treasuries has offloaded almost $60 billion over the past three months
 "Biggest treasury buyer outside US quietly offloads nearly $60 bn")
US Fed's closely watched inflation measure continues to surge 6.6% in March
Excluding the volatile food and energy, the core PCE price index increased 5.2 per cent in March from a year ago, compared with 5.3 per cent in February, Xinhua news agency reported
 "US Fed's closely watched inflation measure continues to surge 6.6% in March")
US stocks are likely to be hit by a wave of redemptions, warns Chris Wood
This process, according to Wood, is already well underway with Netflix now down 69 per cent year-to-date (YTD)
 "US stocks are likely to be hit by a wave of redemptions, warns Chris Wood")
Asian shares logged moderate gains after wobbly day on Wall Street
The US Federal Reserve has begun raising interest rates to counter surging inflation and investors have been selling yen to seek higher returns in dollar-denominated assets
 "Asian shares logged moderate gains after wobbly day on Wall Street")
Global economic growth risks jolt inflation-obsessed financial markets
The International Monetary Fund and World Bank fanned growth fears further last week when they cut 2022 global forecasts by nearly a full percentage point
 "Global economic growth risks jolt inflation-obsessed financial markets")
RBI to hike repo rate in June, earlier than previously thought: Poll
RBI Repo rate hike: Retail inflation will likely soar further as a spike in global energy prices since Russia's invasion of Ukraine seeps into consumer prices
 "RBI to hike repo rate in June, earlier than previously thought: Poll")
Will markets absorb Fed's half-point whiplash?
At 8.5%, the US is feeling the inflation heat. After the US Fed Chief hinted at a 50-bps rate hike in May, the Indian markets crashed last Friday. Does this mean a bearish market for investors ahead?
 "Will markets absorb Fed's half-point whiplash?")
Fed chief Jerome Powell pivots toward 50 bps interest rate hikes
Jerome Powell is taking direct aim at strong demand that the central bank wants to cool
 "Fed chief Jerome Powell pivots toward 50 bps interest rate hikes")
Nomura sees 75bps Fed hike in June, July; markets will absorb it: Analysts
Following the two 75 bps hikes in June and July, Nomura expects the US Fed to hike rates by 25 bps at every meeting scheduled in 2022 and 2023
 "Nomura sees 75bps Fed hike in June, July; markets will absorb it: Analysts")
Factors that could slow down the spawning of Indian unicorns in 2022
Apart from Fed rate hike, inflation and Russia-Ukraine war, it is the challenges within the soonicorn ecosystem that could spoil the billion-dollar party for many enterprises.
 "Factors that could slow down the spawning of Indian unicorns in 2022")
European stocks decline, yen falls to 20-year low as US hikes loom
Investors were also preparing for the next barrage of earnings that will help them assess the impact of the Ukraine war and a spike in inflation on company financials
 "European stocks decline, yen falls to 20-year low as US hikes loom")
FPIs turn net sellers again, withdraw Rs 4,500-cr from stocks last week
Adopting a cautious stance, foreign investors have pulled over Rs 4,500 crore from the Indian equity market last week on fears of an aggressive rate hike by US Federal Reserve.
 "FPIs turn net sellers again, withdraw Rs 4,500-cr from stocks last week")
China cuts reserve requirements for banks as economy slows
China's exports, the last major growth driver, are also showing signs of fatigue, and some economists say the risks of a recession are rising
 "China cuts reserve requirements for banks as economy slows")
Hawkish Fedspeak keeps dollar king, yen slumps to 20-year low
The euro slipped 0.14% to $1.0812, heading back toward the overnight low of $1.0785, a level unseen since April 2020.
 "Hawkish Fedspeak keeps dollar king, yen slumps to 20-year low")
Global shares pause on inflation view; oil steady on Ukraine talks
In currency markets, Putin's remarks were a major driver with the euro up 0.1% against the dollar but just above a five-week low
 "Global shares pause on inflation view; oil steady on Ukraine talks")
