Mar 28, 2017 08:16 AM IST
"As long as I continue to see us make progress, I will continue to support" further rate hikes, Kaplan said at an event at Texas A&M University, adding that he wants the Fed to move "gradually and patiently."
- Mar 27, 2017 02:41 PM IST
This brings them more in line with broader market consensus, although they are still on the dovish end of the spectrum and reckon that rates will rise no higher than 1.625 percent until at least the end of next year.
- Mar 17, 2017 11:38 AM IST
India’s software exports to the US are well regarded and in the long run should benefit from the strength of the US economy.
- Mar 16, 2017 12:01 PM IST
Fitch said that the recent US rate hikes could mark the beginning of a significant shift in global interest rate environment, with benchmark US policy rates settling higher over the long-term than current market expectations.
- Mar 16, 2017 09:36 AM IST
The Fed increased the interest rate by 25 basis points to a range of 0.75 percent to 1.00 percent on strong macroeconomic data and confidence in inflation which is rising to central bank’s target.
- Mar 15, 2017 11:24 AM IST
A rate hike at the conclusion of the Fed's latest two-day policy meeting is already baked into bond yields and financial markets overall, with investors putting the likelihood of such a move at 95 percent, according to CME Group's FedWatch program.
- Mar 15, 2017 08:48 AM IST
Spot gold had edged up 0.1 percent to USD 1,199.34 per ounce by 0040 GMT.
- Mar 14, 2017 11:09 AM IST
On Wednesday, the U.S. central bank is almost universally expected to raise its benchmark interest rates, a move that just a few weeks ago was viewed by the markets as unlikely.
- Mar 14, 2017 08:18 AM IST
U.S. gold futures were down 0.1 percent at USD 1,202 per ounce.
- Mar 11, 2017 12:02 PM IST
On the face of it, Wednesday's expected interest rate hike by the Federal Reserve would be a clear sign that the United States has emerged from the shadow of the global financial crisis, a decade after it began.
- Mar 10, 2017 12:52 PM IST
Gold slumped to a 10-month low in mid-December after rates were increased for the first time in a year, but gold investors don't appear to be as jittery ahead of the next Fed meeting and a near-certain rate rise on March 14-15.
- Mar 10, 2017 12:48 PM IST
Nonfarm payrolls probably increased by 190,000 jobs last month, according to a Reuters survey of economists, in part as unseasonably mild weather buoyed employment in the construction sector. The economy created 227,000 jobs in January.
- Mar 10, 2017 08:18 AM IST
Spot gold was down 0.2 percent at USD 1,197.90 per ounce at 0118 GMT, after touching its weakest since Jan. 31 at USD 1,197.02 earlier in the session. The metal was set for a weekly loss of about 2.8 percent.
- Mar 09, 2017 12:04 PM IST
At the Multi Commodity Exchange, gold for delivery in far-month June shed Rs 104, or 0.36 percent, to Rs 28,598 per 10 grams, in a business turnover of 31 lots.
- Mar 09, 2017 09:02 AM IST
We expect the USD-INR pair to trade in a range of 66.70-67/dollar for the day, says Mohan Shenoi of Kotak Mahindra Bank.
- Mar 09, 2017 08:08 AM IST
Investors are awaiting February non-farm payrolls data on Friday as a barometer of the US economy after Federal Reserve Chair Janet Yellen said last week the central bank was poised to lift rates provided jobs and inflation data held up. Her comments were seen as cementing plans for an increase at the Fed's March 14-15 meeting.
- Mar 08, 2017 07:47 AM IST
Spot gold was mostly unchanged at USD 1,216.1 per ounce at 0045 GMT. The metal marked its lowest since Feb. 3 at USD 1,213.6 an ounce in the previous session.
- Mar 07, 2017 11:34 AM IST
At the Multi Commodity Exchange, gold for delivery in far-month June fell by Rs 45, or 0.16 percent, to Rs 28,983 per ten grams in a business turnover of 39 lots.
- Mar 07, 2017 09:18 AM IST
These moves would strengthen the dollar against other currencies, putting downward pressure on the euro, said Sri-Kumar, president of Sri-Kumar Global Strategies.
- Mar 07, 2017 08:12 AM IST
US Federal Reserve Chair Janet Yellen said last week that the Fed was poised to lift benchmark US rates provided jobs and inflation data held up, comments seen as cementing plans for an increase at the Fed's March 14-15 meeting.
- Mar 06, 2017 11:08 AM IST
At the Multi Commodity Exchange, gold for delivery in April moved up by Rs 121, or 0.42 percent, to Rs 29,141 per 10 grams in a business turnover of 675 lots.
- Mar 06, 2017 09:31 AM IST
Investors are closely watching developments after the reclusive state fired fired four ballistic missiles into the sea off Japan's northwest coast, days after it promised retaliation over U.S.-South Korean military drills.
- Mar 03, 2017 02:50 PM IST
Silver also dropped by a whopping Rs 1,350 to Rs 42,700 per kg on reduced offtake by industrial units and coin makers.
- Mar 03, 2017 08:49 AM IST
In what looks to be an early spring migration, Fed officials have turned very hawkish overnight, warning a rate hike is likely in mid-March, while Wall Street had been expecting a June hike.
- Mar 03, 2017 08:16 AM IST
Spot gold was mostly unchanged at USD 1,234 per ounce at 0048 GMT. The metal had its worst session since December 15 on Thursday, when it fell over 1 percent to touch over one-week low of USD 1,230.58.