Page 9 - Us Federal Reserve

Global shares shake off China Covid-19 curbs, but investors stay cautious

The dollar pulled back from strong overnight gains while oil took a pause from Monday's retreat

Rupee sheds 0.2% to dollar as Covid worries trigger slump in yuan

Talk of persistent rate hikes by US Fed officials also drags rupee lower

Gold prices fall on US Fed rate hike prospects, bound for weekly dip

Markets currently see an 87% chance of a 50-basis point hike at the Fed's December meeting

US Federal Reserve open to 50-bp hike at December policy meeting

"It is way too early to conclude that inflation is headed sustainably down," Christopher Waller, US Federal Reserve Governor

US Federal Reserve official suggests substantial rate hikes may be needed

The Federal Reserve may have to raise its benchmark interest rate much higher than it has previously projected to get inflation under control, James Bullard, who leads the Federal Reserve Bank of St. Louis, said Thursday. Bullard's comments raised the prospect that the Fed's rate hikes will make borrowing by consumers and businesses even costlier and further heighten the risk of recession. Wall Street traders registered their concern by sending stock market futures further into the red early Thursday. The Dow Jones Industrial Average was down about 330 points shortly before trading began. Bullard's remarks followed speeches by other Fed officials in recent days that suggested they see only limited progress, at most, in their use of steadily higher rates to fight inflation. The Fed's key short-term interest rate has not yet reached a level that could be justified as sufficiently restrictive, Bullard said. To attain a sufficiently restrictive level, the policy rate will need to be

Rupee slides as Chinese yuan weakens, October trade deficit hits mood

The rupee settled at 81.65 per US dollar on Thursday as against 81.31 per dollar at previous close

Dollar bounces as US economy sends mixed signals; sterling slips

The euro was down 0.33% against the dollar at $1.036 at 1045 GMT, after hitting its highest level since July at $1.048 on Tuesday

Gold prices retreat as dollar steadies, focus stays on US Fed rate hikes

But gold could drift higher into year-end if the dollar remains weak overall and yields continue to drift lower

Asian stocks mixed, dollar finds footing as traders assess Fed outlook

Renewed expectations the Fed will keep hiking rates have increased concerns about the economic outlook

Handling external shocks

Following the US Fed's monetary policy lead is not in the interest of emerging economies

Top US Fed regulator urges Congress to impose regulations on cryptocurrency

The top US banking regulator at the Federal Reserve is urging Congress to pass legislation that would impose regulation on crypto currencies in the wake of the swift collapse last week of FTX, a leading crypto exchange. Michael Barr, the Fed's vice chair for supervision, said in prepared testimony released Monday that "recent events in crypto ... have highlighted the risks to investors and consumers associated with new and novel asset classes and activities when not accompanied by strong guardrails." Barr, who took office in July, is scheduled to testify before Congress Tuesday for the first time as vice chair. He did not refer specifically to FTX in his written remarks. Yet his appearance comes after FTX, the third-largest crypto currency exchange, formerly led by Sam Bankman-Fried, filed for bankruptcy Friday. The fall of FTX has rippled throughout the crypto world, with lender BlockFi pausing customer withdrawals. Barr said "some financial innovations offer opportunities, but as

Worst of rupee volatility seen over as Fed view softens: BS poll

Rupee likely at 81.68 by December-end, largely stable at 81.75 by March-end

Asian share markets pause as US Fed Reserve warns against exuberance

A modest miss on U.S. inflation was enough to see two-year Treasury yields dive 33 basis points for the week and the dollar lose almost 4%

Analysts see more legs to the market rally amid intermittent corrections

Analysts think it will not be a runaway rally from here on as the market valuations seem expensive

Dollar suffers biggest plunge since 2009 as CPI smacks Fed bets

A slower pace of rate hikes could curb the dollar's rally this year which has weakened its Group-of-10 currency peers

Wall Street heads higher as US Federal Reserve rate hopes dent dollar

Oil prices jumped after health authorities in top global crude importer China eased some of the country's heavy COVID curbs

Rupee slides 38 paise against dollar as traders jittery before US CPI

Over the last three days of trade, the rupee had strengthened sharply against the US dollar, climbing to one-month highs. The domestic currency was at 82.89 on November 3

Dollar slumps after CPI data suggests US Fed may ease interest rate hikes

"The CPI report has reinforced the sell-off momentum in the dollar," said MUFG currency strategist Lee Hardman

Managing growth expectations

In a highly uncertain global economic environment, realistic growth projections would reduce risks

Gold prices dips as dollar gains, investors await US inflation data

Gold prices slipped on Tuesday as the dollar regained some ground, while investors braced for the U.S. inflation data later this week that could determine the Federal Reserve's future policy path