Page 5 - Us Federal Reserve

US inflation, consumer spending cools in Dec as economy slows on Fed hikes

The Federal Reserve's preferred inflation gauge eased further in December, and consumer spending fell - the latest evidence that the Fed's series of interest rate hikes are slowing the economy. Friday's report from the Commerce Department showed that prices rose 5% last month from a year earlier, down from a 5.5% year-over-year increase in November. It was the third straight drop. Consumer spending fell 0.2% from November to December and was revised lower to show a drop of 0.1% from October to November. Last year's holiday sales were sluggish for many retailers, and the overall spending figures for the final two months of 2022 were the weakest in two years. The pullback in consumer spending will likely be welcomed by Fed officials, who are seeking to cool the economy by making lending increasingly expensive. A slower pace of spending could boost their confidence that inflation is steadily easing. Still, the decline in year-over-year inflation matches the Fed's outlook and isn't like

World stocks, dollar edge higher as economic data keeps US Fed on track

The euro slid 0.29% to $1.0857, just off from a nine-month high of $1.09295 it touched on Monday

Crypto wrap: Market in green but Fed announcement to keep volatility high

US Fed will hold its meeting on January 31 and February 1 and announce the policy on February 2

Stocks slide in volatile trading in run-up to Budget, Fed Reserve meet

Nifty50 down 1.3%; Bank Nifty slips 2.5%; FPIs withdraw Rs 2,394 cr

Gold prices march higher on slower US Fed interest rate hike bets

Spot gold rose 0.3% to $1,936.62 per ounce by 1137 GMT. U.S. gold futures gained 0.5% to $1,938.00

Bullish trends dominant in run up month to Union Budget, shows report

With the Union Budget for 2023-24 just days away, there are chances that there could be volatility in the BSE benchmark, due to expectations of US Federal Reserve hiking rates

US interest rate-cut expectations have yellow metal shining bright

Mild recession, low inflationary pressures in the US and a stronger rupee would act as headwinds

Financial conditions to be tighter due to Fed's decadal-high rates: Crisil

Liquidity conditions will also not return to surplus as seen in the pandemic years, which will maintain fundamental pressure on domestic interest rates

Rupee registers biggest weekly gain against US dollar in two months

Hope of reduced Fed rate hikes, lack of RBI dollar buys drive rupee gains

Gold at over eight-month high on slower US Fed rate-hike prospects

Data on Thursday showed that US consumer prices fell for the first time in more than 2-1/2 years in December

US inflation cools again to 6.5%, gives Fed room to downshift on rates

The overall CPI fell 0.1% from the prior month, with cheaper energy costs fueling the first decline in 2 1/2 years. The measure was up 6.5% from a year earlier

Gold gains on softer dollar as markets await US inflation data: Report

Gold prices rose on Thursday to near an eight-month peak, helped by a weaker dollar, as investors braced for a U.S. inflation report expected to provide clues to the Federal Reserve's rate-hike path

Federal Reserve has only narrow role to play on climate change: Powell

The Federal Reserve has only a limited role to play in combating climate change, Chair Jerome Powell said Tuesday, a stance that puts him at odds with environmental activists who have pushed central banks worldwide to take steps to restrict lending to energy companies. Without explicit congressional legislation, it would be inappropriate for us to use our monetary policy or supervisory tools to promote a greener economy or to achieve other climate-based goals, Powell said in prepared remarks to be delivered during a panel discussion in Stockholm hosted by Sweden's central bank. We are not, and will not be, a 'climate policymaker.' " In his written remarks, Powell stuck to the topic of central bank independence, the subject of the panel, and did not comment on the Fed's interest rate policies. Climate activists have pushed central banks, including the Fed, to use their supervisory powers over commercial banks to push for greater consideration of environmental risks in lending. Natu

Asian shares subdued, dollar steady as focus remains on US CPI data

US stocks ended higher as investors heaved a sigh of relief after Powell refrained in a speech from commenting on rate policy but said the Fed's independence was essential for it to battle inflation

Markets decline on hawkish Fed signals; Sensex slips 632 points

FPIs sell shares worth Rs 2,109 crore

Oil prices stable as market awaits clarity on US Fed interest rate hike

A weaker dollar can boost demand for oil, as dollar-denominated commodities become cheaper for holders of other currencies

Gold prices steady as investors focus on Powell speech for rate guidance

Powell is scheduled to speak at a central bank conference in Stockholm at 1400 GMT, ahead of key US inflation data on Thursday

Global economy may be entering a difficult era and economists are worried

The warnings of longer-term trouble come as investors are growing somewhat more hopeful of the Federal Reserve's ability to rein in sky-high inflation without causing a recession

World stocks soar, investors pare rate bets after US jobs data

Wall Street sparked a global rally in stocks on Friday after a crucial US jobs report showed wage growth slowed in December, fueling investor bets that inflation is easing

Indian shares drop 1% on earnings as US data indicates rise in Fed rate

US data showed private employers hired more workers than expected in December, suggesting strength in the labour market that could allow the Fed to boost interest rates