Us Central Bank

The change in Fed rate cut calls follows a weaker-than-expected July U.S. jobs report, which encouraged interest rate futures traders to price in as much as 120 basis points of reductions in 2024 earlier this month. That pricing has reduced to roughly 100 now.

TCS BaNCS selected by Central Bank in US for core technology modernisation

According to TCS, the strategic alliance between Central Bank and TCS is intended to establish seamless and adaptable customer onboarding procedures, facilitating the bank's ongoing expansion efforts

Dollar dips as US inflation meets expectations

The yen gained after a policymaker hinted at the need to exit ultra-easy policies, while bitcoin held near a more than two-year high reached on Wednesday.

Gold holds firm as investors look to inflation data

Spot gold firmed 0.3% at $2,035.92 per ounce as of 9:35 a.m. ET (1435 GMT). US gold futures rose 0.3% to $2,044.10 per ounce.

Dollar mixed in tight trading range before Fed statement

The US central bank is expected to leave rates unchanged on Wednesday and investors will focus on any clues from Fed Chairman Jerome Powell on the likelihood of a rate cut in March.

Dollar gains before Fed, March rate cut seen less likely

Traders have cut odds that the US central bank will reduce rates to 49%, from 73% a month ago, according to the CME Group's FedWatch Tool, as data reinforces a view that the U.S. economy remains solid.

Equities gain while Treasury yields fall on data, talk of Fed rate cuts

Commerce Department data showed US gross domestic product(GDP) rose at a 5.2% annualized rate last quarter, revised up from the previously reported 4.9% pace and marking the fastest pace of expansion since the fourth quarter of 2021.

Gold nudges higher on dollar dip, Fed pause bets

Spot gold was up 0.4% at $2,009.65 per ounce by 1554 GMT, after reaching its highest since May 16. US gold futures also rose 0.4% to $2,010.30.

Gold leaps above $2,000 as dollar weakens on Fed pause bets

Spot gold was up 0.5% at $2,001.97 per ounce by 2:30 p.m. ET (1930 GMT), and has risen over 1% so far this week. US gold futures settled 0.5% higher at $2,003.00.

Gold marches ahead to the beat of a weaker US dollar

Spot gold gained 1.1% to $1,999.29 per ounce, as of 12:17 p.m. ET (1717 GMT), after earlier hitting $2,007.29, its highest level since Nov. 3. US gold futures gained 1.1% to $2,001.40.

Gold lacks momentum as traders seek more Fed cues

Spot gold was down 0.5% at $1,958.44 per ounce by 1504 GMT. U.S. gold futures slipped 0.5% to $1,964.50.

Dollar gains against euro as Fed, Middle East in focus

The currency has benefited from expectations the U.S. central bank will hold rates higher for longer as it battles to bring inflation closer to its 2% annual target.

Gold trims gains after Fed strikes hawkish tone

Spot gold was up 0.6% at $1,942.19 per ounce at 2:41 p.m. EDT (1841 GMT) after rising as much as 0.9% earlier in the session. U.S. gold futures settled 0.7% higher at $1,967.10.

Dollar gains as drop in US jobless claims boosts rate-hike bets

Initial claims for state unemployment benefits dropped 9,000 to a seasonally adjusted 228,000 for the week ended July 15, the Labor Department said.

Emerging market investors focus firmly on central bank decisions

Any sign that the Fed could even consider bringing forward plans to raise interest rates could make life harder for emerging markets

With balance sheet in background, markets focus on Fed's rate decision

That would be a stark contrast from a year ago, when Fed Chair Jerome Powell's comments that the balance sheet reduction was on "autopilot" gave investors the impression the central bank was on a strict course of tightening monetary policy, with no flexibility to tackle concerns about market liquidity or slowing global growth.

'Muted' inflation gives room for wages to rise: Fed's Jerome Powell

"Signs of upward pressure on inflation appear muted despite the strong labour market," with unemployment at 4 percent and wage increases picking up of late, Powell said in remarks prepared for delivery at the Citizens Budget Commission in New York.

Indian rupee still trading up by 10 paise at 64.92 Vs USD

The rupee opened higher by 4 paise at 64.98 per dollar as against yesterday's closing level of 65.02 per dollar at the Interbank Forex Market (FOREX).

Donald Trump sours on Cohn for Fed chair, looks at several candidates: Sources

Two sources said Trump remained upset with Cohn, a former Goldman Sachs president, for criticizing his response to the violence sparked by a white supremacist rally in Charlottesville, Virginia, last month.

Fed's John Williams sees Fed 'half way' on rate-hike path: Report

The Fed has raised key overnight borrowing costs four times since December 2015, while unemployment touched a 16-year low in July at 4.3 percent and Wall Street recently posted all-time highs on upbeat company earnings.

China's debt spectre could haunt Fed's policy meetings

Two years ago, it was a collapse in Chinese stocks, a surprise yuan devaluation and shrinking foreign exchange reserves that roiled financial markets that delayed the Fed, but it did raise rates three months later and has tightened further since.

Fed ties rate hike to economic rebound, sees balance sheet cuts in 2017

Nearly all policymakers at the May 2-3 meeting also said they favoured beginning the wind-down of the U.S. central bank's massive holdings of Treasury debt and mortgage-backed securities this year.

Considerable uncertainty over Trump fiscal stimulus plans: Fed

Members of the US central bank also pointed to looming elections in Europe -- where a wave of populism has called prevailing trade policy into doubt -- as posing near and longer-term economic dangers.

Fed's Jeffrey Lacker leaves US central bank over leak of market-sensitive news

The 2012 leak had triggered a criminal investigation after research firm Medley Global Advisors told its clients the details of a key Fed meeting a day before the Fed released its own record of the discussion.

Rupee pares initial losses, still down by 2 paise vs USD

The Indian rupee resumed lower by 4 paise at 65.40 per dollar as against Monday's closing level of 65.36 at the Interbank Foreign Exchange (Forex) Market here today.