Page 70 - Us Federal Reserve

Fed, Covid-19 drug hopes lift indices; monthly gains at 11-year high

Stocks opened gap-up after a sharp rally on the Wall Street overnight, and managed to hold on to most gains despite banking stocks, the index heavyweights, underperforming

Top 10 biz headlines: HUL results today, US GDP contraction and more

Here are the top 10 business headlines for Thursday morning

Indices log near 2% gains on hopes of ease in lockdown, biz activity

The Sensex rose 606 points, or 1.9%, to end at 32,720 - the highest close since March 13

Federal Reserve leaves rates near zero, sees coronavirus risks lingering

US stock markets pared some of the day's strong gains after the release of the statement

US Federal Reserve likely to renew vow to use all tools to support economy

The statement could reflect a sharp downgrade in the Fed's assessment of the job market, household spending, and energy markets

Market Ahead, April 29: Top Factors That Could Guide Markets Today

Moody's Investors Service has slashed India's growth forecast for calendar year 2020 to 0.2 per cent, from 2.5 per cent projected in March

The Indian version of quantitative easing

By resorting to the two-step OMOs, the RBI is managing the yield at both the shorter as well as the longer end

The fiscal response challenge

In terms of policy response, governments and central banks are intervening aggressively in the advanced economies

Bharat Ramamurti to oversee how US govt handles $500 bn in bailout funds

This month, the Fed announced it was offering up to $2.3 trillion initially through five different lending facilities

Economic activity 'contracted sharply and abruptly' in US on Covid-19: Fed

US retail sales plummeted 8.7% in March, an unprecedented decline, as the outbreak brought most commerce to a halt

Gold falls on profit-booking, but economic downturn fears limit losses

Spot gold slipped 0.4 per cent to $1,681.49 per ounce by 0239 GMT US gold futures fell 1.4 per cent to $1,728.40.

The wrong diagnosis

Calls for fiscal stimulus and monetary overreach will not help deal with the pandemic's economic consequences

US Fed rolls out $2.3 trillion to backstop 'Main Street,' local govts

U.S. central bank says it would work through banks to offer four-year loans to companies of up to 10,000 employees and directly buy the bonds of states.

Covid-19 woes: With businesses shut, Fed policymakers see slow US recovery

Richmond Federal Reserve Bank President Thomas Barkin said success of any recovery would hinge on consumers being reassured by businesses, particularly in the service sector, that they will be safe

How gold holdings can ease credit flows

If gold held by the top 30% of Indian households can be mobilised, it can be used for dollar swaps, while depositors could be provided low-cost credit for longer tenures

Can we stop the clock?

To minimise economic damage during the lockdown, focus on cash flows, promise of growth

Toward a coherent strategy for Covid-19

Having a strategy is essential. But equally important is that the strategy accurately describe the economic problem at hand

The Morning After

Policy interventions will have to be intelligent: Striving to create deep, but temporary, safety nets during COVID-19 without generating imbalances and distortions thereafter

RBI pulled out its bazooka to tackle Covid-19 slowdown: Experts on rate cut

The RBI said it was maintaining its "accommodative" stance, and would keep its position "as long as necessary" to revive growth, while ensuring inflation remained within target

Dow wraps up strongest three days since 1931; S&P 500 surges 6.24%

The Dow finished up 21% from its Monday low, establishing it in a bull market, according to a widely used definition. It was the index's strongest three-day percentage increase since 1931