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Jerome Powell

Asian shares edge higher, markets hope for dovish stance from Powell

Chinese blue chips edged up 0.1%, while Hong Kong's Hang Seng index was flat

Asian shares edge higher, markets hope for dovish stance from Powell
Updated On : 09 Jul 2024 | 9:48 AM IST

Gold price dips Rs 10 to Rs 73,570, silver rise Rs 100 to Rs 95,100

The price of 22-carat gold also slipped Rs 10, with the yellow metal trading at Rs 67,440

Gold price dips Rs 10 to Rs 73,570, silver rise Rs 100 to Rs 95,100
Updated On : 09 Jul 2024 | 8:01 AM IST

Asia shares inch higher as investors confident about US Fed's Sept rate cut

Oil prices gained on strong summer fuel demand and potential supply disruptions from Gulf of Mexico hurricanes

Asia shares inch higher as investors confident about US Fed's Sept rate cut
Updated On : 08 Jul 2024 | 7:14 AM IST

Fed officials at last meeting saw price pressures in decline, minutes show

Data released on June 12 showed the CPI had not risen at all in May on a month-to-month basis

Fed officials at last meeting saw price pressures in decline, minutes show
Updated On : 04 Jul 2024 | 12:19 AM IST

Fed needs more evidence of falling inflation before cutting rates: Powell

Data for May showed the Fed's preferred measure of inflation did not increase at all that month, while the 12-month rate of price increases has ebbed to 2.6%

Fed needs more evidence of falling inflation before cutting rates: Powell
Updated On : 02 Jul 2024 | 8:28 PM IST

As global central banks consider rate cuts, inflation worries loom

Canada and the European Central Bank have been the first ones to introduce rate cuts, however, they have expressed their concerns about inflation

As global central banks consider rate cuts, inflation worries loom
Updated On : 16 Jun 2024 | 6:51 AM IST

Govt bond yields extend losses tracking US yields on rate cut bets

The futures market is pricing in 50 basis points of rate cuts this year, according to the CME FedWatch tool

Govt bond yields extend losses tracking US yields on rate cut bets
Updated On : 14 Jun 2024 | 10:32 AM IST
Updated On : 13 Jun 2024 | 11:32 PM IST

Some progress on inflation but just one rate cut this year likely: Fed

Federal Reserve officials said on Wednesday that inflation has fallen further toward their target level in recent months but signalled that they expect to cut their benchmark interest rate just once this year. The policymakers' forecast for one rate cut was down from a previous forecast of three, likely because inflation, despite having cooled in the past two months, remains persistently elevated. In a statement issued after its two-day meeting, the Fed said the economy is growing at a solid pace, while hiring has remained strong. The officials also noted that in recent months there has been modest further progress toward its 2 per cent inflation target. That is a more positive assessment than after the Fed's previous meeting May 1, when the officials said there had been a lack of further progress" on inflation. The policymakers, as expected, kept their key rate unchanged at roughly 5.3 per cent. The benchmark rate has remained at that level since July of last year, after the Fed .

Some progress on inflation but just one rate cut this year likely: Fed
Updated On : 13 Jun 2024 | 6:44 AM IST

US Fed meeting decision, inflation data to be out today: What to expect

The US Federal Reserve is expected to keep interest rates unchanged in today's announcement. With that, all eyes will on whether it adjusts its forecasts for potential rate cuts this year

US Fed meeting decision, inflation data to be out today: What to expect
Updated On : 12 Jun 2024 | 12:15 PM IST

In first in 3 months, Fed dot plot set to offer glimpse of rate-cut resolve

A 41 per cent plurality of economists expect the US Fed to signal two cuts in the closely watched dot plot, while an equal number expect the forecasts to show just one or no cuts at all

In first in 3 months, Fed dot plot set to offer glimpse of rate-cut resolve
Updated On : 09 Jun 2024 | 7:32 AM IST

US elections: Trump's victory seen as risk to Fed independence, shows poll

Overall, they put a probability of 40 per cent on the Fed losing its autonomy under a second Trump administration

US elections: Trump's victory seen as risk to Fed independence, shows poll
Updated On : 03 Jun 2024 | 7:30 AM IST

Asia stocks slip as investors await Fed meeting to gauge possible rate cut

Japan's Nikkei was a rare bright spot, rising 0.2%, adding to the previous day's 0.73% rally

Asia stocks slip as investors await Fed meeting to gauge possible rate cut
Updated On : 21 May 2024 | 9:21 AM IST

Federal Reserve Chair Powell tests positive for Covid-19: Spokesperson

Powell, 71, previously tested positive for Covid in January 2023. The next meeting of the Fed's policy-setting committee is set for June 11-12

Federal Reserve Chair Powell tests positive for Covid-19: Spokesperson
Updated On : 18 May 2024 | 7:30 PM IST

'Soft landing' hopes at stake as investors await key US inflation data

Fed Chairman Jerome Powell has downplayed the potential for rate hikes this year and recent data showed cooling in the labor market

'Soft landing' hopes at stake as investors await key US inflation data
Updated On : 15 May 2024 | 12:19 PM IST

Fed's Powell expects inflation to fall, though not as confident as before

Powell said his outlook was for continued growth and ongoing job creation bolstered by immigration

Fed's Powell expects inflation to fall, though not as confident as before
Updated On : 14 May 2024 | 10:14 PM IST

Asia stocks slip, dollar up as policymakers give mixed signals on rate cuts

Crude oil wallowed near two-month lows amid signs of easing supply pressure and continued hopes for a Middle East ceasefire

Asia stocks slip, dollar up as policymakers give mixed signals on rate cuts
Updated On : 08 May 2024 | 1:01 PM IST

Case for ECB rate cut getting stronger, says chief economist Lane

The ECB has all but promised a rate cut on June 6, provided incoming data strengthen policymakers' belief that inflation will head back to its 2% target

Case for ECB rate cut getting stronger, says chief economist Lane
Updated On : 06 May 2024 | 10:11 AM IST

Case for ECB rate cut getting stronger, says chief economist Lane

The ECB has all but promised a rate cut on June 6, provided incoming data strengthen policymakers' belief that inflation will head back to its 2% target

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Updated On : 06 May 2024 | 9:33 AM IST

Bank of England's rate cut plan set to differ from Federal Reserve's

Ahead of Thursday's decision, Governor Andrew Bailey has distanced Britain from resurgent consumer price pressures in the US, pointing to strong evidence of UK inflation receding

Bank of England's rate cut plan set to differ from Federal Reserve's
Updated On : 05 May 2024 | 10:16 PM IST