While grocery inflation slowed, prices for key items like cereals and nonalcoholic beverages picked up.
Fed officials lowered interest rates by a quarter percentage point — the first cut since December — at their policy meeting Wednesday, citing the need to support a more fragile job market.
Lower interest rates ripple across stocks, bonds, real estate, and currencies. Knowing how to position yourself can help you benefit instead of being caught off guard.
Greenback is weighed down by expectations of lower rates and threats to central bank independence
A rate cut in the US is expected to increase the discretionary spending limit, which in turn benefits IT companies which derive a significant portion of their revenue from the American market.
Bowman said in prepared remarks she supports multiple interest-rate cuts and that her view had been reinforced by recent weak labour-market data.
Experts said the Fed may wait for meaningful signs of weakness in the labor market before acting, which implies that the next cut may only arrive in September.
Last week, prices were trading near record-high levels but they fell over 1% on Monday as investors rushed to liquidate bullion to offset losses triggered by a sharp pullback in technology stocks, spurred by DeepSeek's low-cost, low-power AI model.
Spot gold was flat at $2,715.09 per ounce, as of 0332 GMT. Bullion has gained about 1% so far this week.
Brent crude futures rose 13 cents, or 0.2%, to $81.42 per barrel by 0113 GMT, after declining 0.9% in the previous session.
Shenoy warns of macro challenges, urges cautious approach to rate cuts amid global uncertainties.
Watch live coverage of a news conference with Federal Reserve Chair Jerome Powell following the latest FOMC meeting.
Policymakers have lowered interest rates by three quarters of a percentage point in recent months, including a larger-than-usual half-point cut in September.
The dollar index edged down 0.05% to 107.01, not far off Thursday's one-year high of 107.15, its highest level since Oct. 4, 2023, with little data this week to dent its march higher.
Goolsbee said both inflation, which has cooled toward the Fed’s 2% target, and employment are in a good place right now and that Fed officials should do what they can to 'freeze' them in place.
The dollar index, which measures the currency against the euro, yen and four other top rivals, ticked up to 101.70 as of 0023 GMT, a three-week high, extending a 0.45% climb from the previous session.
Of the 18 economists polled by Moneycontrol, just three predicted the possibility of a 25 bps rate cut in the October meeting of the Monetary Policy Committee
In a move to bolster the labour market and address slowing inflation, the US Federal Reserve has slashed its key lending rate by 50 basis points—the first cut since the pandemic. This unexpected rate reduction signals two more potential cuts in 2024. Zoya Springwala explains why the market could be divided on the impact, with concerns over the scale of the cut.
RBI and Fed policies have seldom moved in tandem; also, a Moneycontrol poll shows that RBI may wait till December before instituting a rate cut
Ajay Seth says he doesn't expect Fed's rate action to have a major impact on FPI flows into India
The U.S. dollar strengthened on Thursday, bouncing back from an earlier drop after the Federal Reserve implemented a larger-than-expected half-percentage-point rate cut.
Oil prices dropped in Asian markets on Thursday following a larger-than-expected Federal Reserve interest rate cut. Brent crude futures for November fell 0.46% to $73.31 per barrel, while WTI crude for October slipped 0.59% to $70.49
The dollar held steady after strong U.S. retail sales, dampening expectations of large rate cuts as traders await the Federal Reserve’s decision and news conference later today.
Next week, the Federal Reserve’s monetary policy meeting will be closely watched as uncertainty surrounds the extent of interest rate cuts and the pace of future reductions.