President Donald Trump met with former Federal Reserve Governor Kevin Warsh to discuss potentially being nominated as Fed chairman, a source familiar with the meeting said on Friday.
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.
Results in the survey are in line with what Fed officials have hinted at in recent weeks, even as they are split on the outlook for inflation and how the lack of it might affect the future pace of interest rate hikes.
The near-term risks to the economic outlook appear roughly balanced, but the committee is monitoring inflation developments closely, the FOMC stated, Amar Ambani said.
In the International Finance Discussion Paper (IFDP), the US Fed researchers said GST is an 'inclusive policy' that is also expected to bring down overall domestic and international trade barriers.
The German bank failed to detect and halt its traders from using chat rooms to communicate with competitors, the Fed said in a statement.
The USD-INR pair is expected to take cues from the equity market and how the dollar behaves against other major currencies, says NS Venkatesh of Lakshmi Vilas Bank.
Feels that FIIs waited for key events to pan out for the market and their current investment of USD 2 billion in a week was a serious commitment. But, for an investor, the situation looks a little murky as the market has seen no earnings growth for the past few years.
Stock markets are bracing this week for ripples coming from Uttar Pradesh with several marketmen raising concerns over the Centre's future reform policies in view of anointment of hardliner Yogi Adityanath as the Chief Minister of the country's most populous state.
The Nifty50 rose to a fresh record high on Thursday and closed above its crucial level of 9,150 for the first time ever, but Friday might be a day of consolidation.
The rupee continued its dream run for the fourth straight session by rising 28 paise to a fresh 16-month high of 65.41 a dollar on frantic selling of the US currency by exporters and banks amid dovish outlook by Fed on future rate hikes.
For rupee, the strength is coming from BJP’s win in the recent elections, which further boosted investor sentiments, said Khoon Goh, Head of Asia Research at ANZ Research.
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.
The US Federal Reserve on Wednesday increased interest rates by 25 basis points, which is likely to drive Indian markets higher. Here are top takeaways from the US central bank’s policy document.
The move, widely anticipated by financial markets, takes the overnight funds rate to a target range of 0.75 percent to 1 percent and sets the Fed on a likely path of regular hikes ahead.
A rate hike at the end of US Fed's two day policy meeting, which started on Tuesday, was widely expected and was already factored into the market.
There is another important pattern which traders should not overlook which is ‘inside bar’ or insider candle. Inside bar is a two-candlestick pattern in which the inside bar is smaller or within the range of prior bar.
With US growth coming back, 2017 is expected to be great for other economies also, said James Glassman, Senior Economist at JP Morgan.
Gold prices steadied on Tuesday as expectations for an interest rate rise by the US Federal Reserve boosted the dollar, while political risks in Europe kept losses in check by boosting the metal's safe-haven appeal.
Manishi Raychaudhuri of BNP Paribas expects Sensex to touch 30,300 points by the end of 2017.
The bull run is expected to continue going ahead, as the corrections in the market remain minor, holding levels of around 9,000, said Mitessh Thakkar of mitesshthakkar.com.
Investors could be cautious on the Street ahead of the crucial exit poll results of five state assembly elections. IT stocks could be strained due to US‘ actions on H1-B visa front. Meanwhile, Radio City will hit the market with its IPO later in the day.
After four months of selling frenzy, overseas investors turned net buyers in February and pumped in a staggering Rs 15,862 crore into the Indian capital markets, enthused by clarity on FPI taxation.