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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. …
Source: Live Mint US Fed meeting underway: The much-awaited event is here. After over four years, the US Federal Reserve is expected to start the rate-reduction cycle on Wednesday, September 18, as inflation has eased considerably in the US while the jobs market is showing signs of cooling off. Rate cuts are overall positive for…
Source: Live Mint Stock Market Today: The wait for interest rate cut decision by the US Federal Reserve continues keeping the market participants cautiously optimistic and thereby markets range bound, though with a positive bias. The benchmark Nifty 50 index on Tuesday ended with gains of 0.14% at 25,418.55 up 34.80 points. S&P BSE Sensex…
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 Stock Market Today: The benchmark indices Nifty-50 index and the S&P BSE Sensex traded in a narrow range throughout the day on Monday, though with a positive bias as Sensex also scaled all-time highs of 83,184.34 on Monday. The Sensex ended the day at 82,988.78, up 97.84 points or 0.12%. Nifty-50 Index…
Source: Live Mint Oil prices increased by approximately 2% on Monday, driven by ongoing disruptions to U.S. Gulf oil infrastructure, which offset persistent concerns about demand following new data from China. Investors are also anticipating a potential reduction in U.S. interest rates later this week. By 1315 GMT, Brent crude futures for November rose by…
Source: Business Standard 4 min read Last Updated : Sep 16 2024 | 10:47 AM IST The equity market has entered the all-important week, wherein the focus will be on the US Fed meeting outcome, on an optimistic note. The Sensex and the Nifty were seen quoting at new life-time highs amid expectations that…
Source: Live Mint Stock market today: Friday’s trading was dull, and the Indian stock market ended a little lower as it took a break after a strong rally on Thursday. The Nifty 50 index ended 32.40 points lower at 25,356.50 marking losses of 0.13% on Friday while the S&P BSE Sensex after shedding 77.17 point…
