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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: Business Standard Seth also said that we need to watch out how other economies and markets will respond to the decision. (Photo: Shutterstock) 2 min read Last Updated : Sep 19 2024 | 4:04 PM IST Chief Economic Advisor V Anantha Nageswaran said on Thursday that the impact of the US Federal Reserve’s decision…
Source: Business Standard The US Federal Reserve (US Fed) surprised the global financial markets with a higher-than-expected rate cut of 50 basis points (bps) on Wednesday. Puneet Wadhwa caught up with CHRISTOPHER WOOD, global head of equity strategy at Jefferies in New Delhi on his interpretation of the Fed’s move, its implications for global…
Source: Live Mint Ending the weeks of intense speculation, the US Federal Reserve’s Federal Open Market Committee (FOMC) has taken a decisive step in initiating a new monetary easing cycle, announcing a 50 basis points (bps) cut to the federal funds rate. The move comes after months of market speculation and a 14-month policy pause….
Source: Business Standard Jerome Powell (Photo: Bloomberg) 3 min read Last Updated : Sep 19 2024 | 8:11 AM IST US Fed rate cuts: The US Federal Reserve, on Wednesday, September 18, 2024, announced its decision to cut the interest rate by half a percentage or 50 basis points to fight off a slowdown in…
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: Live Mint US stock indices gained on Tuesday after retail sales data as investors are focused on the Federal Reserve’s policy decision to be declared on Wednesday. At the opening bell, the Dow Jones Industrial Average rose 101.7 points, or 0.24%, to 41,723.78. The S&P 500 rose 22.4 points, or 0.40%, to 5,655.51, while…
Source: Live Mint US Fed rate cut: Gold prices are hovering near all-time highs as excitement builds over a possible US Federal Reserve rate cut on Wednesday, September 18. The prospect of a weaker dollar, driven by anticipated rate reductions, has sparked renewed interest in gold, which thrives as a safe-haven asset during times of…
Source: Live Mint The S&P 500 and the Nasdaq edged lower while Dow Jones rose on Monday, ahead of the Federal Reserve’s monetary policy decision later this week. Investors cautiously awaited the Federal Reserve’s first interest rate cut since 2020 on Wednesday. At 09:50 a.m. the Dow Jones Industrial Average rose 260.54 points, or 0.63…
Source: Business Standard 4 min read Last Updated : Sep 16 2024 | 8:24 PM IST The benchmark interest rate in the country will hinge on the future trajectory of inflation, Reserve Bank of India Governor Shaktikanta Das has said, emphasising that month-on-month inflation momentum — whether it’s building up or moderating — will…
