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Source: Live Mint Following last week’s historic interest rate cut by the US Federal Reserve, Wall Street in the week ahead will have plenty of economic data, including the Personal Consumption Expenditures price index, and S&P flash services & manufacturing PMIs, to look forward to. The week will also see comments from US central bank…
Source: Business Standard Sensex, Nifty fly high: Benchmark indices – Sensex and Nifty 50 – witnessed a strong rally on Friday, September 20, 2024 on the back of a 50 bps rate cut by the Federal Reserve on September 18. The Sensex rallied 1,509.6 points intraday, hitting a fresh record high of 84,694.5 levels….
Source: Business Standard 3 min read Last Updated : Sep 19 2024 | 10:34 AM IST IT stocks shine: Information technology (IT) stocks were buzzing in trade on Thursday, September 19, 2024, with some shares rising by as much as 4 per cent during intraday trading. The Nifty IT index climbed 1.80 per…
Source: Live Mint US stocks jumped on Thursday after the Federal Reserve kicked off its easing cycle with half-a-percentage point cut in interest rates. On Wednesday, the Federal Reserve slashed its interest rates by 50 basis points (bps), first time in more than four years. Chair Jerome Powell said that as the inflation has come…
Source: Live Mint Indian stocks could attract higher foreign investor inflows this year, with the US Federal Reserve cutting its policy rate by an outsized 50 basis points, the first cut in four years and signaling another 50 bps cut over the rest of the year, as per analysts. They rule out a runaway rally,…
Source: Business Standard The Fed’s cut is expected to support spending and the US economy. 3 min read Last Updated : Sep 19 2024 | 8:17 AM IST The dollar bounced, long-dated bond yields were up and Asian stocks mostly rose after the US Federal Reserve began its easing cycle with a large rate…
Source: Business Standard 4 min read Last Updated : Sep 18 2024 | 2:29 PM IST Shares of information technology (IT) companies slipped up to 6 per cent on the National Stock Exchange (NSE) in Wednesday’s intra-day trade as investors booked profit in the stocks ahead of a crucial Federal Reserve interest-rate decision. …
Source: Business Standard 4 min read Last Updated : Sep 18 2024 | 10:13 PM IST Bloomberg News The size of the Federal Reserve’s interest rate cut this week won’t be a game changer for global investors, though risks from China’s slowdown continue to weigh on their minds, according to participants at…
Source: Live Mint US stock indices rose slightly on Wednesday, as investors widely expect the Federal Reserve to deliver its first interest rate cut in more than four years. At the opening bell, the Dow Jones Industrial Average rose 22.7 points, or 0.05%, to 41,628.91. The S&P 500 rose 7.1 points, or 0.13%, to 5,641.68,…
Source: Business Standard Jerome Powell, the 16th chair of the Federal Reserve Bank of the US. 5 min read Last Updated : Sep 17 2024 | 11:45 PM IST By Ye Xie, Jessica Menton and Anya Andrianova Traders are harking back on 1995, when Alan Greenspan led the Federal Reserve in pulling off…
