Tag: federal reserve

Gold prices increased as retail sales and jobless claims exceeded expectations, reinforcing the economy's strength and overshadowing typical pressures from higher interest rates.
Posted in Business

Gold at record high as Middle east tensions spark haven demand

Oct 18, 2024 09:02 AM IST Gold hit a record $2,698.50 as investors sought safety due to escalating Middle East conflicts, despite mixed US economic…

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A Wall Street street sign in front of the New York Stock Exchange (NYSE) in New York, US.(Bloomberg)
Posted in Business

Wall Street retreats from records as oil prices leap after Iran attacks Israel

U.S. stocks are retreating from their records Tuesday as worries worsen about the escalating violence in the Middle East. A Wall Street street sign in…

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Economic data later this week could influence monetary policy, while tensions in the Middle East are heightening gold's appeal as a safe haven.
Posted in Business

Gold steady near record high. Will yellow metal continue to shine this week?

Sep 23, 2024 08:30 AM IST Gold remains near record levels, trading at $2,621.11 an ounce amid expectations of further Federal Reserve rate cuts. Gold…

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Television stations broadcast Jerome Powell, chairman of the US Federal Reserve, speaking after a Federal Open Market Committee (FOMC) meeting on the floor of the New York Stock Exchange (NYSE) in New York, US.(Bloomberg)
Posted in Business

US stock market at record high as investors cannot keep calm after Fed rate cut

Sep 20, 2024 07:55 AM IST Wall Street stocks hit record highs as the Federal Reserve cut interest rates to support the labor market. Dow…

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US Fed rate cut to have a 'marginal' impact on India
Posted in Economy

US Fed rate cut to have a ‘marginal’ impact on India

Chief Economic Advisor V. Anantha Nageswaran remarked that Federal Reserve‘s rate cut may be looked at as a positive on the global economy. Speaking at…

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Federal Reserve Board Chair Jerome Powell holds a press conference following a two-day meeting of the Federal Open Market Committee on interest rate policy in Washingto.(Reuters)
Posted in Business

How US Federal Reserve’s rate cut decision impacts policies around the world

(Bloomberg) — The Federal Reserve’s bold start to cutting interest rates and its determination not to fall behind the curve in easing has reshaped the…

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Posted in Economy

fed rate cut: Fed opens up policy space around the world without feeding panic

The Federal Reserve’s bold start to cutting interest rates and its determination not to fall behind the curve in easing has reshaped the policy horizon…

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Rupee flat as oil firms' dollar bids offset impact of rise in Asia FX
Posted in Business

Rupee flat as oil firms’ dollar bids offset impact of rise in Asia FX

MUMBAI – The Indian rupee was little changed on Monday, wedged between oil companies’ dollar demand and a rise in its Asian peers on the…

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Asia stocks, dollar subdued as market leans toward larger Fed cut
Posted in Business

Asia stocks, dollar subdued as market leans toward larger Fed cut

By Wayne Cole Asia stocks, dollar subdued as market leans toward larger Fed cut SYDNEY -Asian stocks made a cautious start on Monday in a…

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Indian importers favour FX options as rupee holds steady, premiums soar
Posted in Economy

Indian importers favour FX options as rupee holds steady, premiums soar

Indian importers are exploring options strategies to hedge against currency risks amid muted volatility in the rupee, moving away from outright forwards that have become…

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