Articles for tag: Anticipates, Conditions, Cuts, Economic, Federal, Future, gradual, Inflation, Job, Looms, Market, Rate, Reserve, Slows, Stability, Uncertainty

Market News

Federal Reserve anticipates gradual rate cuts as inflation slows, but uncertainty looms over future economic conditions and job market stability.

Federal Reserve anticipates gradual rate cuts as inflation slows, but uncertainty looms over future economic conditions and job market stability.

Federal Reserve Chair Jerome Powell stated that the U.S. economy is seeing slow but steady progress in reducing inflation, which could lead to further interest rate cuts. Speaking at a conference in Nashville, Powell emphasized that disinflation is becoming more widespread and indicated that the Fed’s target inflation rate of 2% is within reach. He ...

Market News

US bond yields rise amid profit-taking, while Indian yields hold steady as market anticipates further rate cuts from the Fed.

US bond yields rise amid profit-taking, while Indian yields hold steady as market anticipates further rate cuts from the Fed.

Indian government bond yields are expected to slightly increase in early trades as US Treasury yields rise. Despite a recent drop, the prevailing Market sentiment remains bullish due to ongoing expectations of another significant rate cut by the Federal Reserve. The benchmark 10-year yield is projected to fluctuate between 6.72% and 6.76%. Traders anticipate some ...

Market News

Sensex and Nifty 50 hit record highs before closing slightly lower, fueled by optimism from global markets and US rate cuts.

Sensex and Nifty 50 hit record highs before closing slightly lower, fueled by optimism from global markets and US rate cuts.

On September 24, 2024, the Indian stock Market witnessed a major milestone as the benchmark indices Sensex and Nifty 50 hit all-time intraday highs, surpassing 85,000 and 26,000, respectively. The Sensex reached a peak of 85,163 but closed slightly lower at 84,914, while the Nifty 50 closed at a record 25,940 after hitting an intraday ...

Market News

India’s economy surged to an 8.2% growth in FY24, but the RBI faces inflation challenges ahead of potential rate cuts.

India’s economy surged to an 8.2% growth in FY24, but the RBI faces inflation challenges ahead of potential rate cuts.

India’s economy is showing remarkable resilience, with a growth rate of 8.2% recorded in FY24. S&P Global Ratings has kept its GDP growth forecast for FY25 at 6.8%, acknowledging that the Reserve Bank of India may reduce interest rates as early as October due to moderated urban demand. The Indian government’s focus on fiscal consolidation ...

Market News

Foreign investors surge back into India’s stock market, driven by robust IPOs and optimism amid political shifts and global rate cuts.

Foreign investors surge back into India’s stock market, driven by robust IPOs and optimism amid political shifts and global rate cuts.

Foreign portfolio investors (FPIs) injected over Rs 87,000 crore (over $10 billion) into Indian equities this quarter, marking the highest inflow since June 2023. Key factors driving this investment include improved growth prospects, increased global index weight, and a robust IPO Market, with 50 companies raising Rs 53,453 crore by August 2024. Despite a sluggish ...

Market News

Fed’s rate cut may have muted effects in India, as markets adjusted preemptively, with mixed global economic signals ahead.

Fed’s rate cut may have muted effects in India, as markets adjusted preemptively, with mixed global economic signals ahead.

V Anantha Nageswaran, Chief Economic Advisor, recently discussed the effects of the US Federal Reserve’s rate cut on the Indian economy. He noted that the cut, which lowered the federal funds rate range by 50 basis points, might have a limited impact on India as much of it was anticipated. Economic Affairs Secretary Ajay Seth ...

Market News

Rupee rises to 83.70 against the dollar, boosted by lower oil prices and positive equity markets after US rate cuts.

Rupee rises to 83.70 against the dollar, boosted by lower oil prices and positive equity markets after US rate cuts.

The Indian rupee appreciated by 6 paise, reaching 83.70 against the US dollar in early trade on Thursday. This boost came following the US Federal Reserve’s decision to cut interest rates, which positively influenced investor sentiment. Additional support for the rupee was provided by declining crude oil prices, strong performance in domestic equity markets, and ...

Market News

The Fed’s unexpected rate cut sparks global market tensions, igniting fears of a looming recession as policymakers scramble to respond.

The Fed’s unexpected rate cut sparks global market tensions, igniting fears of a looming recession as policymakers scramble to respond.

The Federal Reserve’s recent decision to cut interest rates by half a percentage point is likely to influence global monetary policies. Fed Chair Jerome Powell reassured the public that the U.S. economy remains stable, despite fears of recession. This rate cut provides relief to emerging markets facing high U.S. borrowing costs, allowing them to adjust ...

Market News

Gold prices fluctuate as markets brace for a pivotal US Fed rate decision, amid swirling economic signals and geopolitical tensions.

Gold prices fluctuate as markets brace for a pivotal US Fed rate decision, amid swirling economic signals and geopolitical tensions.

Gold prices are currently facing a slight decline, with spot gold trading down by about 0.45 percent, reaching $2,570. The October MCX gold contract closed at Rs 73,150, reflecting a 0.49 percent drop. The price dip comes after encouraging economic data from the US, including better-than-expected retail sales and industrial production figures for August. Investors ...

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