Asian shares marked time on June 24, with China nudging lower, while the United States dollar held below an 11-week high as investors reassessed US Federal Reserve statements on inflation
The change in the Fed's forecast and a possible shift in policy is perhaps a good time to review how central banks - including the RBI - responded to the crisis, and debate future possibilities
The market is still feeling the aftereffects of the Fed's surprise projection last week for rate hikes as soon as 2023, which knocked stocks
The dollar jumped and stocks swooned last week after the Fed surprised markets by signalling much earlier rate hikes than investors previously expected.
The US dollar remained on the back foot against major peers on Wednesday after a two-day drop as US Fed officials including Chair Powell reaffirmed that tighter monetary policy was still some way off
Fed will watch broad set of labor market data, says Powell
While we remain an economy, which has its own strengths and weaknesses, capital flows remain democratic and in the near term they will behave in a synchronous manner
The Australian and New Zealand dollars eased after Monday's bounce from multi-month lows
Asian markets skidded on Monday, with Japan's Nikkei 225 index down 3.4%, after a sell-off Friday on Wall Street gave the S&P 500 its worst weekly loss since February. Investors are still recalibrating their moves after the Federal Reserve's signal last week that it may raise current ultra-low rates sooner than had been expected. That gave the Dow Jones Industrial Average its worst weekly loss since last October. Part of the Fed's mission is to keep prices under control. The fear is that burgeoning inflation may prompt central banks to dial back the lavish support that has lifted markets to new highs after they plunged at the onset of the coronavirus pandemic last year. Until its latest policy meeting, last week, the Fed had indicated it viewed recent price hikes as transient and would let the recovering economy run hot. Now it's forecasting raising interest rates twice in 2023. The shift to an earlier timeline for a rate hike, accompanied with an upward revision in core inflation
The dollar held near multi-month peaks against other major currencies on Monday, after the US Federal Reserve surprised markets last week by signalling it would raise interest rates
(Reuters) - Minneapolis Federal Reserve President Neel Kashkari said on Friday he wants to keep the U.S. central bank's benchmark short-term interest rate near zero at least through the end of 2023 to allow the labour market to return to its pre-pandemic strength.
St. Louis Federal Reserve President James Bullard said he expects the first interest rate increase the Fed could make could come as soon as 2022
The pan-European STOXX index of shares eased 0.19% to 458.50 points, barely below Monday's record high of 460.51.
Asian shares mostly rose Friday, as investors digested the latest message from the U.S. Federal Reserve on raising short-term interest rates by late 2023. Japan's benchmark lost earlier gains and inched down less than 0.1% in afternoon trading to 29,009.75. South Korea's Kospi edged 0.2% higher to 3,272.42. Australia's S&P/ASX 200 rose 0.1% to 7,368.90. Hong Kong's Hang Seng jumped 0.7% to 28,769.94, while the Shanghai Composite gained 0.1% to 3,530.32. The Bank of Japan kept its ultra-lax monetary policy intact, as investors had expected. Wrapping up a two-day meeting, the central bank also extended by six months, until March 2022, a lending program to help companies weather the pandemic. Japan's economy has picked up as a trend, although it has remained in a severe situation due to the impact of COVID-19 at home and abroad, the Bank of Japan said in a statement. The Fed's comments came Wednesday, and global markets had already initially reacted Thursday. But comments about the ..
(Reuters) - Gold shed more than 2% on Thursday, precipitating a sell-off across precious metals with palladium set for its worst day in over a year, as the dollar gained ground after the U.S. Federal Reserve struck a hawkish tone on monetary strategy.
Most Asian market equities - Nikkei, Sensex, Hang Seng and Kospi - lost ground in trade on Thursday as a result of the overnight development
Though policymakers have yet to agree on a plan, most expect that by the end of 2023 they will have raised interest rates at least twice from the current near-zero level
A mild recovery post a gap-down start quickly dismantled during the last hour of the session as market participants offloaded metal and rate-sensitive counters
The Fed indicated it sees the US economy improving faster than expected.
Indian shares fell for a second straight session, hurt by heavyweight financials stocks and RIL, with sentiment dented by the US Fed projection of hiking interest rates sooner than expected