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Source: Live Mint The Indian stock market registered an exceptional week, achieving historic record highs largely driven by a 50-basis-point (bps) rate cut by the US Federal Reserve, showing no significant concerns about the US economy. In the last week of September, investors will closely monitor key market triggers such as domestic and global macroeconomic…
Source: Live Mint Gold rate today: After an aggressive US Fed rate cut of 50 bps, gold price witnessed a sharp upside rally last week as the US dollar rates came under pressure after this US Fed meeting outcome. Spot gold price peaked at 2,625 per troy ounce before the market closed on Friday. On…
Source: Live Mint Gold rate today: Gold price rose in early trade in the domestic futures market Friday morning, tracking gains in international markets as investors digest the bumper 50 bps US Fed rate cut and expect the rate-reduction cycle to continue for the next two years. to co Read Full Article
Source: Business Standard Illustration: Ajay Mohanty 4 min read Last Updated : Sep 19 2024 | 10:38 PM IST Investment strategy after US Fed’s rate cut: The US Federal Reserve’s jumbo rate cut of 50 basis points — a first since early 2020 — triggered volatility across various asset classes. The US equities, for…
Source: Business Standard 4 min read Last Updated : Sep 19 2024 | 2:19 PM IST Broader market indices– Nifty MidCap 100 and Smallcap 100— plunged over 1 per cent and nearly 2 per cent respectively in the afternoon deals. The fall comes after the US Federal Reserve cut 50 basis points (bps) interest rate…
Source: Live Mint The Indian market’s response to the US Federal Reserve’s significant rate cut on Wednesday was relatively subdued compared to its global and Asian counterparts. Instead of celebrating the move, Indian investors opted to book profits during Thursday’s trade, resulting in only modest gains for the front-line indices. The trading day started on…
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 The US Federal Reserve reduced its benchmark interest rate by 50 basis points, marking the first decrease since 2020, as the central bank started to unwind the restrictive policies it had put in place to address inflation. The Federal Reserve’s benchmark policy rate has remained in the 5.25%-5.50% range for 14 months….
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. …
