Fed Reserve

On July 24, President Donald Trump and Federal Reserve Chair Jerome Powell publicly disagreed over the cost of renovating the Fed’s Washington headquarters. Trump claimed costs had increased from \$2.7 billion to \$3.1 billion, but Powell disputed this, explaining Trump had mistakenly included expenses from a previously completed building. Despite their disagreement, Powell assured there were no further expected overruns and said the Fed had reserves if needed. When asked what he would do in such a situation, Trump said he would usually fire the project manager. However, he clarified he would not fire Powell, despite having criticized him before and calling him a “numbskull” earlier that week. Trump acknowledged that firing Powell would be a major step and said it wasn’t necessary. The visit came shortly before a Fed meeting expected to keep interest rates steady. The White House has also criticized the renovation project as overly costly and excessive.

US Fed opens policy meeting, set to keep rates unchanged

While the Fed has started lowering the benchmark lending rate from recent highs as inflation cooled after the Covid-19 pandemic, officials have held rates steady this year while tariff uncertainty intensifies.

LIVE: Federal Reserve Chair Jerome Powell discusses final interest rate decision of 2024 | N18G

Watch live coverage of a news conference with Federal Reserve Chair Jerome Powell following the latest FOMC meeting.

'Something doesn't make sense', says Yardeni Research on US stock market

The sell-side consultancy led by the famed economist and investment strategist then proposed a reason for this odd market behaviour

Rising US rate cut optimism steers gold to all-time high

Spot gold was up 0.2% at $2,473.89 per ounce as of 1002 GMT, after hitting an all-time high of $2,482.29 earlier in the session. U.S. gold futures gained 0.4% to $2,478.50

European stocks rise, dollar climbs as Fed rate path pondered

The yen fell even with the threat of currency intervention from Japanese authorities to support it. Oil prices wallowed near two-month lows

Have No Fear of the Fed’s $7 Trillion Stash: Bill Dudley

Since April 2022, the Fed has been in tightening mode, with its holdings of Treasuries and mortgage-backed securities currently running off at a rate of about $75 billion to $80 billion a month.

S&P 500 slips, after rising briefly above record close, on CPI data

Several ETFs tied to the spot price of bitcoin began trading in the U.S. on Thursday.

Oil prices gain ground, but headed for weekly decline

Crude prices remained 1 percent lower this week than the previous ones, where in the past three weeks, it had gained over 10 percent amid concerns about tight global supply as OPEC+ maintain production cuts.

Gold Rate Today: Prices retreat on dollar uptick, traders bet on Fed rate pause

The dollar index edged higher from a more than one-year low hit on July 18, making gold more expensive for holders of other currencies.

American credit card users owe nearly $1 trillion: Here’s how to avoid their mistakes

Do not be tempted to overspend, pay your credit card dues in full before the due date, and do not chase milestone benefits linked with your card. Most of all, learn to live within your means.

US economy may be heading to a place that must not be named

Beneath the hood of Fed forecast it’s clear that central bank policymakers recognize that there is a good chance of a sharp slowdown soon.

Fed may hike rate again but RBI will pause after a 25 bps April hike, say economists

The US Federal Reserve, on March 22, hiked key interest rates by 25 bps, taking it between 4.75 percent and 5 percent. Experts believe the Reserve Bank of India is likely to hike the repo rate by 25 bps in April.

Dollar slides as Fed rate hike expectations slump on SVB collapse

The dollar index, which measures the greenback against six other currencies, fell 0.46% as short-dated Treasury yields tumbled.

US stocks slump on inflation worries; Dow falls over 350 points

The Federal Reserve's preferred inflation gauge, the personal consumption expenditures (PCE) price index, picked up in January as costs for goods and services both rose.

Festivity on hold for stocks as rate hikes beckon

The Federal Reserve and European Central Bank hiked rates and promised more last week, and speculation is even building that the Bank of Japan, which meets on Monday and Tuesday, is eying a shift in its ultra-dovish stance in future.

Stocks slide, dollar clings on as data challenges Fed pause hopes

MSCI's world index fell 0.3%, set for a third straight session of declines after hitting a three-month high last Thursday.

Dollar index lowest since August as inflation moderates

The move comes after Fed Chairman Jerome Powell on Wednesday said that it was time to slow rate hikes, noting that "slowing down at this point is a good way to balance the risks."

An inflation gauge tracked by the Fed slows to still-high 6%

Thursday's report from the Commerce Department showed that prices rose 6 per cent in October from a year earlier.

Ravi Dharamshi on how India sees massive resilience amid weak global cues

Dharamshi's comments come at a time when investors worldwide are worried that another huge rate hike by the Fed Reserve could tip the US economy into a recession, thereby affecting global markets.

Dollar slips as before US jobs data as markets digest Fed Hawkishness

The dollar index fell 0.338% at 106.110, with the euro up 0.35% to $1.02.

Long-term mortgage rates under 5% for first time in four months

The average rate on 15-year, fixed-rate mortgages, popular among those refinancing their homes, fell to 4.26% to from 4.58% last week.

Why the Fed will not step in if asset prices correct

For decades now, the Fed and other central banks have supported markets when prices begin to fall. Things will change 

Federal Reserve officials lean against large increase to kick off rate hikes

Investors in federal funds futures contracts last week began leaning towards the idea the Fed would raise rates a half a percentage point in March.

3 Point Analysis | Which Were The Best Performing Asset Classes In 2020?

To just say 2020 has been an eventful year would be an understatement. The COVID-19 Pandemic has hit the world hard, pushing it into a pause mode. The economy came under pressure and investors were perplexed. However several asset classes climbed the walls of worry making investors wealthier. In this edition of 3-Point analysis, we find out how various asset classes performed in 2020.