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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 Mumbai: SBI Chairman Challa Sreenivasulu Setty during the ‘Global Fintech Fest’, in Mumbai, Friday, Aug. 30, 2024. (Photo: PTI) 3 min read Last Updated : Sep 18 2024 | 3:47 PM IST The Reserve Bank is unlikely to ease the benchmark policy rate during 2024 given the uncertainty over food inflation,…
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…
Source: Live Mint The United States Federal Reserve (US Fed) this week is expected to announce its first interest rate cut in over four years since 2020, months ahead of the US presidential elections scheduled in November 2024, AFP reported. It added that Fed policymakers will debate how big the cut will be ahead of…
Source: Business Standard VK Vijayakumar, Chief Investment Strategist, Geojit Financial Services, has attributed two major reasons for FPIs’ strong buying. First, there is a consensus now that the US Fed will start cutting rates from this month onwards, pushing the US yields down Photo: Shutterstock 2 min read Last Updated : Sep 15 2024 |…
Source: Live Mint The Indian stock market resumed its upward momentum and logged the best week since the end of June, largely supported by positive global cues ahead of a likely interest rate cut by the US Federal Reserve. In the third week of September, investors will closely monitor key market triggers such as new…
Source: Live Mint Indian markets ended Friday’s session lower as investors took the opportunity to book profits. Both front indices briefly touched Thursday’s record highs but were unable to hold those levels, as weakness in pharma and FMCG stocks weighed on the market, despite strong support from IT stocks. The Nifty 50 ended the session…
Source: Live Mint INR vs USD: The Indian rupee has remained range-bound despite a weakening US dollar and favourable global factors, including declining crude oil prices and strong foreign institutional inflows (FII) into the Indian stock market. The US dollar index slipped to multi-month lows of around 101 level from a three-month high of 106.00,…
