US FEDERAL RESERVE
Gold falls further on stronger dollar, easing geopolitical tensions Gold prices tumbled to their lowest in over a week. A stronger dollar and ceasefire reports between Israel and Hezbollah impacted investor interest. Trump's tariff threats boosted the dollar. Traders await US economic data including consumer confide...
26 Nov, 2024, 07.15 AM ISTWill Elon Musk's DOGE abolish the Federal Reserve? Here are the devastating consequences if he does that Tesla CEO Elon Musk has recently indicated that he has certain plans of abolishing the Federal Reserve altogether and his DOGE is already working on it. Eminent personalities have already shown concerns regarding this move and exclaimed that this mo...
25 Nov, 2024, 08.46 PM ISTEconomic advice for Donald Trump and Jerome Powell: First, do no harm The US economy has experienced strong growth driven by increased productivity and a dynamic labor market. However, sustaining this growth requires fostering innovation, reducing barriers to new businesses, and avoiding excessive interest rate hikes ...
25 Nov, 2024, 04.48 PM IST- ADVERTISEMENT
Stubborn inflation set to reinforce Fed's go-slow approach The personal consumption expenditures price index excluding food and energy - the Fed's preferred measure of underlying inflation - is projected to have risen by 0.3% in October from September, and by 2.8% from a year earlier, in what would be the l...
25 Nov, 2024, 05.44 AM ISTFed survey finds inflation fading as a risk next to debt, trade wars Financial experts were worried about the US economy. They feared rising debt, a possible recession, and threats to global trade. These concerns were reflected in the bond market, with rising yields on Treasury notes. The potential for a trade war an...
23 Nov, 2024, 09.04 AM ISTWall Street closes higher as Dow, S&P hit one-week tops Wall Street's main indexes ended higher after fluctuating trading. The Dow and S&P 500 reached one-week highs. Salesforce's stock rose after price target increases from brokerages. Nvidia's shares saw a modest increase following strong earnings. Alp...
22 Nov, 2024, 07.20 AM ISTUS stocks mixed with Nvidia earnings, Fed policy in focus Wall Street experienced mixed trading as investors awaited Nvidia's earnings report, a key indicator for the AI sector's momentum. Positive news about potential easing of regulations on self-driving cars boosted Tesla's stock, while concerns about t...
18 Nov, 2024, 09.49 PM ISTLTIMindtree, Wipro, and other IT stocks crack up to 5% amid Powell's indication of slower rate cuts IT stocks came under pressure on Monday after US Federal Chair Jerome Powell’s comments suggesting a slowdown in interest rate cuts. Powell highlighted persistent inflation and a strong economy, allowing the Fed to approach decisions cautiously. Ind...
18 Nov, 2024, 10.49 AM ISTAsian stocks weaken as Fed policy doubts simmer Japanese and Australian shares fell. South Korea’s benchmark bucked the trend, led by Samsung Electronics Co.’s rally after it announced a stock buyback plan. US futures gained, after the S&P 500 slid 1.3% on Friday to erase more than half of its ga...
18 Nov, 2024, 06.38 AM ISTGlobal stocks drop as Fed signals slower pace of rate cuts Global stocks were on track for their biggest weekly decline in two months as investors adjusted to the possibility of a slower pace of interest-rate cuts by the Federal Reserve. Stronger-than-expected economic data and hawkish comments from Fed off...
16 Nov, 2024, 10.00 AM ISTUS stocks sink on Powell rate-cut caution, Trump cabinet picks Wall Street's major indexes experienced their most significant single-day decline in two weeks, driven by concerns over a potential slowdown in interest rate cuts and reactions to President-elect Donald Trump's cabinet appointments.
16 Nov, 2024, 09.57 AM ISTWall St indexes end lower after Powell erodes hopes for December rate cut US stock market indices closed lower. Federal Reserve Chair Jerome Powell reduced hopes of interest rate cut. Traders bet on a small rate reduction in December. Producer price index rose. Jobless claims dropped. Some companies and sectors performed ...
15 Nov, 2024, 08.46 AM ISTDollar sits atop one-year peak as Powell sends yields up, China data mixed The U.S. dollar surged to near one-year highs as Federal Reserve Chair Jerome Powell signaled a cautious approach to interest rate cuts, boosting Treasury yields. Asian shares stabilized after a volatile week, while the euro weakened against the dol...
15 Nov, 2024, 08.22 AM ISTUS stocks struggle for direction after in-line monthly producer prices Wall Street's main indexes edged higher at the open on Thursday after a broadly in line reading of producer prices data, with investors awaiting Federal Reserve Chair Jerome Powell's comments later in the day for clues on the outlook for interest ra...
14 Nov, 2024, 09.00 PM ISTAsia shares wobble on China angst; long-end US bond yields rise with dollar Bitcoin steadied above $90,000 after having surpassed that level in the previous session, turbocharged by Donald Trump's return to the White House and the view that his administration will be a boon for cryptocurrencies.
14 Nov, 2024, 08.13 AM ISTWall Street ends mixed while inflation data keeps Fed rate-cut hopes intact U.S. stocks saw mixed results on Wednesday as October's consumer price index met expectations, bolstering predictions of a December interest rate cut by the Federal Reserve. The CPI's 0.2% rise, aligning with forecasts, pushed trader bets for a rate...
14 Nov, 2024, 07.21 AM ISTUS elections: How structural economic and geopolitical shifts can impact investors Emerging markets might face some turbulence from trade adjustments, yet foreign institutional investors (FIIs) could see this volatility as an opportunity, focusing on companies that are either resilient to or benefit from shifts in global trade dyn...
09 Nov, 2024, 01.57 PM ISTUS Fed cuts key rate by a quarter point The Federal Reserve lowered its key interest rate by a quarter-point in response to declining inflation. This follows a larger cut in September, signaling the Fed's focus on both job growth and inflation control. While inflation has fallen closer to...
08 Nov, 2024, 07.11 AM ISTAsian stocks, bonds rally as Federal Reserve cuts rates Australian and Japanese shares advanced along with Hong Kong futures, while the Golden Dragon index of US-listed Chinese companies jumped 3.5%. The S&P 500 gained 0.7% and the Nasdaq 100 climbed 1.5%, both setting fresh peaks for a second day. An in...
08 Nov, 2024, 06.38 AM ISTThe two things US needs from the Federal Reserve right now Federal Reserve officials are advised to recall past lessons about overconfidence in economic 'fine-tuning' and maintain steady policy decisions. Emphasizing a strategic, forward-looking approach, the Fed should ensure consistent interest rate adjus...
04 Nov, 2024, 11.46 AM IST