The sharp division of views within the FOMC makes it a bit challenging to gauge the likely future course of rate decisions by the FOMC, as there are differing views among FOMC members on the future direction of rates.
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The MSCI Asia Pacific Index rose 0.5% in early trade, led by the tech and financial sectors
A new set of economic projections will likely show continued division among policymakers
Benchmark share indexes in Japan and South Korea both gained, while US equity futures were little changed after the S&P 500 closed almost flat Tuesday
The Fed delivered a second straight reduction in October driven by the summer’s sudden deterioration in the US labor market
Stocks rose in Japan — where markets reopened after a holiday — and in South Korea
US Federal Reserve’s by 25 bps rate cut has increased the scope for policy flexibility for emerging markets like India, however, economists believe the Reserve Bank of India (RBI) will keep its focus on growth and inflation in framing the policy stance at the upcoming December monetary policy meeting.
Federal Reserve Chair Jerome Powell said tariffs are adding modest upward pressure on inflation, though he expects the impact to be temporary.
Trump himself told reporters that he expected to make a decision on the nominee before the end of the year
Prices are still up since the start of 2025. Gold sales often rise sharply amid wider economic uncertainty, as anxious investors seek a 'safe haven' for their money
Shares in Japan, South Korea and Australia all rose at the open after Fed Chair Powell’s concerns about a weakening labor market reinforced investors’ expectations for a rate cut in October
Spot gold was steady at $4,037.95 per ounce as of 0439 GMT, erasing a 0.5% drop in early trade. The metal touched a record high of $4,059.05 on Wednesday
Powell offered no hints on whether he might support a rate cut at the Fed’s next meeting, in October
The RBI is likely to focus on domestic cues such as inflation and growth numbers before taking a decision. The next policy review is due October 1
Julius Baer's global research expects the Fed to carry out two additional rate cuts of 25 bps until December, and additional cut(s) until March. The inflation increase in the US from the tariff situation is expected to be transitory, with the slowing growth and demand offsetting some of the tariff impact.
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The US Federal Reserve has cut its benchmark interest rate by 25 basis points to 4-4.25% while hinting at two more cuts this year
Indian equities are set to extend their winning run, with Nifty hovering near a three-month high and technical charts pointing to further upside.
Shares in Japan and South Korea rose while Australia lagged.
India is trading above its long-term valuation average and remains significantly pricier than other emerging-market peers
Indian markets are expected to take the US Federal Reserve’s first rate cut of 2025 in stride, with a 25-basis point reduction already priced in. The real trigger for Dalal Street will be Powell’s guidance on the pace of easing through the year
The policy pivot will take place amid unrelenting pressure from President Donald Trump, who has pushed for a “big cut” this week
The vote to confirm Stephen Miran was largely along party lines, 48-47
Trading in Asia was thinned with markets in Japan closed for a holiday, leaving currencies mostly rangebound in the early session