The US Federal Reserve announced a faster tapering of the central bank's asset purchase program beginning in January amid the rising inflation.
Today's inflation is due primarily to the disruption the pandemic has caused to key global supply chains
NEW YORK (Reuters) - Global shares and bond yields rose on Wednesday after the U.S. Federal Reserve said it would end its pandemic-era bond purchases in March and begin raising interest rates as much as three times next year.
Asian stocks followed Wall Street higher after US Federal Reserve said it would end bond-buying stimulus in March
Cryptocurrencies were proving to be a challenge for emerging markets and strong regulation was needed, IMF's Gita Gopinath said. More in today's top headlines
MSCI's global gauge of stocks gained 0.10%, and the pan-European STOXX 600 index rose 0.26% after the Fed's statement
The dollar index was up 0.2% for the day to 96.737 shortly after the announcement
The identification of the Omicron coronavirus variant last month has added a new level of uncertainty for US central bank officials
Omicron remains a wild card in the equation with the full impact of the new coronavirus variant as yet unclear, analysts said
Cabinet clears Rs 76,000-cr incentive scheme for semiconductors; Paytm nears record low, down 13% as anchor investors' lock-in period ends
The broader markets also weakened towards the end of the trading session; Sun Pharma, however, gained nearly 3 per cent.
The dollar index which measures the greenback against six major peers was at 96.557, having gained 0.5% so far this week in choppy trading
Asian markets stood still on Wednesday as the world waited to hear from US Federal Reserve on when it would stop buying assets and start raising interest rates
Why's India short on investment advisors? What is the investment strategy of ICICI Venture's Puneet Nanda? Will US Fed increase pace of tapering? What is RT-PCR & Rapid Antigen Test? All answers here
NBFCs to come under the ambit of PCA framework from Oct 2022; Anand Rathi Wealth debuts at 9% premium; WPI-based inflation hits 12-year high of 14.2% in Nov
The dollar traded near a one-week high versus a basket of major rivals on Tuesday, supported by expectations of a hawkish Federal Reserve meeting this week
Asian stocks and oil prices slipped on Tuesday as the spread of the Omicron coronavirus variant rattled investors who were already on edge ahead of a slew of central bank decisions this week
The U.S. Federal Reserve is expected to signal a faster wind-down of asset purchases, which could move it one step closer to raising interest rates
The US Federal Reserve is expected to announce this week that the central bank will accelerate the pace of tapering asset purchases and prepare for raising interest rates in 2022
Apple closes in on becoming first $3 trillion company; Pfizer to buy Arena Pharma, shares of both companies rise