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  • Wall Street closes little changed on Fed policy fears Aug 09, 2022 06:13 AM IST

    Wall Street closes little changed on Fed policy fears

    Stocks retreated from earlier highs as last week's blowout labor market report was initially seen as a sign the economy could withstand aggressive interest rate hikes by the Fed to tame inflation running at four-decade highs.

  • Gold subdued as strong US data lifts aggressive Fed rate-hike bets Aug 08, 2022 10:43 AM IST

    Gold subdued as strong US data lifts aggressive Fed rate-hike bets

    Spot gold was down 0.1% at $1,772.27 per ounce, as of 0303 GMT, after dropping 1% in the previous session. U.S. gold futures eased 0.1% to $1,790.

  • ‘Sizzling’ US jobs data make case for bigger Fed rate increases Aug 06, 2022 06:49 AM IST

    ‘Sizzling’ US jobs data make case for bigger Fed rate increases

    US employers added 528,000 jobs last month, more than all estimates, the unemployment rate fell to a five-decade low of 3.5%, and wage growth accelerated

  • Asian stocks rise on upbeat data, Fed hawks lift dollar Aug 04, 2022 09:07 AM IST

    Asian stocks rise on upbeat data, Fed hawks lift dollar

    The dollar hovered near its highest this week after Federal Reserve officials continued to stress that policy tightening is far from over. However, Treasury yields remained down from two-week highs as investors stayed sidelined ahead of employment data this week that will guide the path of interest rates.

  • US dollar climbs with US yields after Fed doves say expect more rate hikes Aug 03, 2022 06:46 AM IST

    US dollar climbs with US yields after Fed doves say expect more rate hikes

    The greenback continued its rise versus the safe-haven yen, extending its best gain for six weeks, as U.S. Treasury yields also rebounded after House Speaker Nancy Pelosi's arrival in Taiwan was met with a strong, but not off-the-scale response by China.

  • US economy is shrinking. Fed's rate hikes may have only just begun to bite Jul 29, 2022 06:35 AM IST

    US economy is shrinking. Fed's rate hikes may have only just begun to bite

    The report likely won't change Fed Chair Jerome Powell's view that an economy that is adding hundreds of thousands of jobs a month is not in recession, and won't deter him from raising borrowing costs further

  • Spectre of next-day losses haunts stock bulls’ post-Fed rally Jul 28, 2022 10:24 AM IST

    Spectre of next-day losses haunts stock bulls’ post-Fed rally

    In May and June, big gains were followed by even bigger selloffs as investors parsed Chair Jerome Powell’s remarks and recalibrated expectations for the likely path of policy moves

  • Sensex, Nifty climb nearly 8% in July as rate hike fears ease, commodities soften, FIIs return Jul 28, 2022 09:36 AM IST

    Sensex, Nifty climb nearly 8% in July as rate hike fears ease, commodities soften, FIIs return

    Markets were extremely oversold with FIIs selling nearly $28.70 billion so far this year. This selling spree reduced in July to $146 million from more than $6.34 billion they sold in June

  • Jerome Powell signals more Fed hikes coming, leaves out details this time Jul 28, 2022 07:31 AM IST

    Jerome Powell signals more Fed hikes coming, leaves out details this time

    “While another unusually large increase could be appropriate at our next meeting, that is a decision that will depend on the data,” Powell said. “The labor market is extremely tight, and inflation is much too high.”

  • Big US banks raise prime lending rate after Fed's sharp hike Jul 28, 2022 06:39 AM IST

    Big US banks raise prime lending rate after Fed's sharp hike

    The moves, which will be effective from Thursday, follow the U.S. Federal Reserve's decision to raise its target interest rate by three-quarters of a percentage point for a second consecutive month to tame soaring inflation.

  • Nasdaq has biggest one-day jump since 2020 after Fed rate hike Jul 28, 2022 06:36 AM IST

    Nasdaq has biggest one-day jump since 2020 after Fed rate hike

    Quarterly reports from Microsoft Corp (MSFT.O), Alphabet Inc (GOOGL.O) and others added to the day's upbeat tone.

  • Asia shares, bonds find some relief in Fed messaging Jul 28, 2022 06:33 AM IST

    Asia shares, bonds find some relief in Fed messaging

    As expected, the U.S. Federal Reserve raised rates 75 basis points to 2.25-2.5% but did note some softening in recent data.

  • Fed jacks rates again, Jerome Powell vows no surrender in inflation battle Jul 28, 2022 06:31 AM IST

    Fed jacks rates again, Jerome Powell vows no surrender in inflation battle

    As he explained the logic behind the stiffest interest rate increases in roughly four decades, Fed Chair Jerome Powell was peppered with questions about whether the U.S. economy was in or on the cusp of a recession - a notion he rejected because U.S. firms continue to hire in excess of 350,000 additional workers each month.

  • Fed hike will intensify market risks for Asia’s central banks Jul 27, 2022 07:36 AM IST

    Fed hike will intensify market risks for Asia’s central banks

    An analysis of policy rates in Asia Pacific versus their five-year averages shows a high degree of vulnerability across the region, as does an examination of interest rates adjusted for inflation, and yield spreads versus US Treasuries.

  • Gold gains on softer dollar with focus on Fed meeting Jul 26, 2022 09:33 AM IST

    Gold gains on softer dollar with focus on Fed meeting

    Spot gold was up 0.3% at $1,724.45 per ounce, as of 0311 GMT. U.S. gold futures gained 0.3% to $1,723.60 per ounce.

  • Asian stocks wobble on Walmart warning, looming Fed hike Jul 26, 2022 09:02 AM IST

    Asian stocks wobble on Walmart warning, looming Fed hike

    MSCI's broadest gauge of Asia stocks outside Japan meandered just above flat. Japan's Nikkei fell 0.2% and S&P 500 futures were down 0.4%.

  • S&P 500 ends choppy session nearly flat; investors eye Fed, earnings Jul 26, 2022 06:25 AM IST

    S&P 500 ends choppy session nearly flat; investors eye Fed, earnings

    The Nasdaq ended lower, and S&P 500 technology (.SPLRCT) and consumer discretionary (.SPLRCD) led declines among major S&P sectors. The energy sector (.SPNY) gained along with oil prices.

  • Gold rises as dollar retreats; traders focus on Fed rate-hike path Jul 18, 2022 09:27 AM IST

    Gold rises as dollar retreats; traders focus on Fed rate-hike path

    Spot gold had climbed 0.4% to $1,713.49 per ounce by 0254 GMT, after falling to its lowest in nearly a year last week. U.S. gold futures gained 0.5% to $1,711.80.

  • US dollar pauses for breath as Fed officials leave market pondering over rates path Jul 15, 2022 08:22 AM IST

    US dollar pauses for breath as Fed officials leave market pondering over rates path

    The dollar index, which measures the currency versus six counterparts, edged 0.07% higher to 108.65, after reaching and then falling back from the highest since September 2002 at 109.29 on Thursday.

  • Gold dips as red-hot US inflation stokes huge rate hike fears Jul 14, 2022 09:32 AM IST

    Gold dips as red-hot US inflation stokes huge rate hike fears

    Spot gold fell 0.2% to $1,731.19 per ounce by 0312 GMT. U.S. gold futures dropped 0.5% to $1,727.30.

  • Dollar resumes relentless rise as inflation stokes Fed bets Jul 14, 2022 08:51 AM IST

    Dollar resumes relentless rise as inflation stokes Fed bets

    The greenback charted new 24-year highs above 128 yen and edged back toward parity with the euro, after briefly breaching the level overnight.

  • Senate approves Michael Barr to Federal Reserve post Jul 14, 2022 08:23 AM IST

    Senate approves Michael Barr to Federal Reserve post

    Michael Barr, a former top Treasury official under President Barack Obama, is the last of President Joe Biden’s three nominees to the Fed’s board of governors to win Senate confirmation.

  • Hot inflation fuels bets on supersized Fed rate hike Jul 14, 2022 06:30 AM IST

    Hot inflation fuels bets on supersized Fed rate hike

    "Everything is in play," Atlanta Fed President Raphael Bostic told reporters in Florida, when asked about the possibility.

  • Wall Street ends down as hot inflation data raises odds of steep Fed rate hike Jul 14, 2022 06:26 AM IST

    Wall Street ends down as hot inflation data raises odds of steep Fed rate hike

    While all three major U.S. equity indexes bounced off lows reached early in the day, and occasionally edged into positive territory throughout the session, they were all red by the closing bell.

  • Fed’s Thomas Barkin open to raising rates by 50 or 75 bps in July Jul 13, 2022 07:15 AM IST

    Fed’s Thomas Barkin open to raising rates by 50 or 75 bps in July

    The consumer price index for June will be released on Wednesday. It is expected to show an 8.8% increase from a year earlier, marking the largest jump since 1981, according to the median forecast in a Bloomberg survey.

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