SUMMARY Situated at an average altitude of 6,000 feet in the Rocky Mountains, Jackson Hole is a top tourist destination for camping, skiing and agrotourism. This settlement in Wyoming – the least populated US state – is also known as the ‘Davos for central bankers’. It is here that global central bankers, economists, financial market …
Will Nifty cross 25,000 this week? Fed meeting & 5 other factors to watch out forDriven by positive US GDP data, expectations of improved global demand and unflinching faith of domestic investors, the stock market has recovered all its post-Budget losses to leave many market veterans surprised. Given Friday’s momentum, Sensex looks poised to break …
US Federal Reserve Chairman Jerome Powell on Tuesday testified before the Senate Banking Committee. Powell in his prepared testimony told Senators that inflation had been improving in recent months but more good data would strengthen the case for interest rate cuts. “More good data would strengthen our confidence that inflation is moving sustainably toward 2%,” …
Recently, Powell stated that considering the recent macroeconomic indicators, it would take longer than expected for inflation to return to the Fed’s 2 per cent target. Considering the recent macroeconomic trends in the US and current geopolitical scenarios, it is safe to say that the Fed’s fight against inflation will continue in the near future. …
The FOMC’s decision to hold interest rates steady at 5.25-5.5% reflects confidence in the US market’s upward economic trajectory. Despite maintaining a forecast of lowering rates to 4.6% by 2024, the latest “dot plot” indicates a shift in expectations, with fewer members anticipating multiple rate cuts this year. With signs of economic resilience and a …
Stock Market News: Domestic benchmark equity indices, the Sensex and the Nifty 50, closed the day lower on Tuesday, mirroring unfavourable global cues, further dragged by information technology (IT) firms that are quite sensitive to the US Federal Reserve’s (US Fed) commentary and interest rate decision. The recent scepticism in the Indian market was prompted …
The sell-off pressure observed in the mid- and small-cap stocks over the last few sessions amid regulatory concerns regarding excessive inflows has spread to the large-cap stocks. In today’s session, the Nifty 50 index experienced a significant decline of 1.51%, dropping below the 22,000 mark to reach 21,997 points. This marks the index’s third-largest intraday …
Indian IT stocks faced a downturn in today’s trading session due to higher-than-anticipated US consumer inflation data released yesterday, raising concerns about the Federal Reserve’s ability to implement multiple rate cuts this year, which had been a crucial aspect of the bullish sentiment in the equity market. Inflation in the US softened to 3.1% on …
US Fed Meet Highlights: The US Federal Reserve announced its interest rate decision today after a two-day Federal Open Market Committee (FOMC) meeting, leaving the benchmark interest rates unchanged at 5.25 per cent – 5.50 per cent for the fourth straight meeting, in line with Street estimates. The US central bank ended its first policy-setting …
Thu, 01 Feb 2024 01:18 AM US Fed meeting 2024 live: Read the full statement here “Recent indicators suggest that economic activity has been expanding at a solid pace,” the today’s statement reads. “Job gains have moderated since early last year but remain strong, and the unemployment rate has remained low,” it continues, before adding …