Dollar Soars to 2-1/2-Month Peak as US Rates, Election Eyed
Trending News
2 months ago

Dollar Soars to 2-1/2-Month Peak as US Rates, Election Eyed

Live Mint  

The US dollar has been on a strong upward trajectory in recent weeks, driven by positive economic data and expectations of a Fed pause in interest rate cuts. The greenback has reached a 2-1/2-month high, with the market pricing in an 89.6% chance for a 25 basis point cut at the Fed's upcoming meeting. However, the dollar's rise is also influenced by the upcoming US presidential election, with market expectations for a Republican victory potentially leading to inflationary policies like tariffs.

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US Fed cuts key interest rates by 0.25%: 3 key takeaways for stock markets
Top News
4 days, 19 hours ago

US Fed cuts key interest rates by 0.25%: 3 key takeaways for stock markets

India Today  

Stock markets are expected to open lower on Thursday, following a global market slump after the US Federal Reserve cut interest rates by 25 basis points. GLOBAL MARKET REACTIONS Wall Street reacted negatively to the Fed’s announcement, with all three major US indices—Dow Jones, S&P 500, and Nasdaq—posting their biggest single-day losses in months. Gift Nifty, an indicator for the …

Feds drop interest rates by another quarter-point easing burden for borrowers
Trending News
4 days, 21 hours ago

Feds drop interest rates by another quarter-point easing burden for borrowers

The Independent  

The latest headlines from our reporters across the US sent straight to your inbox each weekday Your briefing on the latest headlines from across the US Your briefing on the latest headlines from across the US SIGN UP I would like to be emailed about offers, events and updates from The Independent. This year's Fed rate reductions have marked a …

Federal Reserve cuts its key rate by a quarter-point but envisions fewer reductions next year
5 days, 14 hours ago

Federal Reserve cuts its key rate by a quarter-point but envisions fewer reductions next year

Associated Press  

WASHINGTON — The Federal Reserve cut its key interest rate Wednesday by a quarter-point — its third cut this year — but also signaled that it expects to reduce rates more slowly next year than it previously envisioned, mostly because of still-elevated inflation. “I think that a slower pace of cuts really reflects both the higher inflation readings we’ve had …

US Fed cuts interest rates but cautions for year ahead
Trending News
5 days, 19 hours ago

US Fed cuts interest rates but cautions for year ahead

Al Jazeera  

Slower progress on inflation translates into a slower pace of rate cuts, especially as economic growth is brisk. “Economic activity has continued to expand at a solid pace” with an unemployment rate that “remains low” and inflation that “remains somewhat elevated”, the central bank’s rate-setting Federal Open Market Committee said in its latest policy statement on Wednesday. That is half …

US stocks end higher ahead of Fed, bitcoin surges
6 days, 21 hours ago

US stocks end higher ahead of Fed, bitcoin surges

Live Mint  

By Stephen Culp NEW YORK - Megacap tech shares muscled the S&P 500 and the Nasdaq to higher closes on Monday as U.S. Treasury yields paused and investors readied for a busy central bank week. Investors will scrutinize the Fed's Summary of Economic Projections and its "dot plot," which maps out the central bank's future rate cut path, which has …

Wall St Week Ahead-Fed rate view in focus as robust stocks year draws to close
1 week, 1 day ago

Wall St Week Ahead-Fed rate view in focus as robust stocks year draws to close

Live Mint  

* Fed widely expected to cut rates by 25 bps on Wednesday * Some investors brace for "hawkish cut," with Fed suggesting pause in easing cycle * S&P 500 up 27% in 2024, with Nasdaq breaching 20,000 as latest equities milestone By Lewis Krauskopf NEW YORK, Dec 13 - A banner year for U.S. stocks gets one of its last …

US Fed to play ‘cut-and-pause’ for meeting dual mandate of growth & inflation; Fewer rate cuts eyed in 2025: Experts
1 week, 2 days ago

US Fed to play ‘cut-and-pause’ for meeting dual mandate of growth & inflation; Fewer rate cuts eyed in 2025: Experts

Live Mint  

The US Federal Reserve will begin its deliberations for the latest monetary policy decisions on Tuesday, December 17, and will announce its new benchmark interest rate decision on December 18. The US central bank will conduct its two-day Federal Open Market Committee meeting amid Wall Street bets that will likely stay on course towards delivering another rate cut even after …

Global stock index falls, bond yields rise ahead of rate decisions
1 week, 2 days ago

Global stock index falls, bond yields rise ahead of rate decisions

Live Mint  

* Wall Street stocks end close to flat, Europe ends down * Oil prices settle higher, * Dollar rises against yen, falls against the Euro By Sinéad Carew and Harry Robertson NEW YORK/LONDON Dec 13 - MSCI's global equity gauge fell on Friday while bond yields climbed as investors waited for clues about the future path for interest rates from …

Bond Market Has Worst Week in Months With Less Fed Action Seen
1 week, 2 days ago

Bond Market Has Worst Week in Months With Less Fed Action Seen

Live Mint  

An orderly selloff in the US government bond market continued for a fifth straight day, with the 30-year bond’s yield posting its biggest weekly increase of the year. Inflation, if anything, is bending up.” The extra yield offered by long- versus short-maturity yields “is not enough at this point of time.” Next week’s Fed meeting includes an updated summary of …

Rupee slips to record low but central bank steps in to curb losses
1 week, 4 days ago

Rupee slips to record low but central bank steps in to curb losses

Live Mint  

By Jaspreet Kalra MUMBAI, Dec 12 - The Indian rupee declined to its all-time low on Thursday, pressured by dollar bids in the non-deliverable forwards market and from importers while intervention by the central bank kept a lid on losses, traders said. Heightened dollar demand in the NDF market alongside strong dollar buying by local importers, including oil companies, have …

Rupee ends marginally lower, near-term bearish bias tipped to persist
2 weeks ago

Rupee ends marginally lower, near-term bearish bias tipped to persist

Live Mint  

By Jaspreet Kalra MUMBAI, Dec 9 - The Indian rupee closed slightly weaker on Monday, weighed down by a decline in its Asian peers with analysts expecting the local currency to continue facing headwinds amid persistent strength in the U.S. dollar. While U.S. labour market data released on Friday drove U.S. bond yields lower on heightened expectations of a Federal …

US 10-year yields fall to six-week low after payrolls, markets see green light to December cut
2 weeks, 2 days ago

US 10-year yields fall to six-week low after payrolls, markets see green light to December cut

Live Mint  

* Odds of 25-basis point rate cut this month rise to 87% according to FedWatch tool * Two year yields fall to five-week low after payrolls report By Tatiana Bautzer NEW YORK, Dec 6 - U.S. Treasuries yield fell to a six-week low after the release of November payrolls data, as investors considered the numbers as a green light to …

Dollar retreat to boost rupee before RBI rate decision
2 weeks, 3 days ago

Dollar retreat to boost rupee before RBI rate decision

Live Mint  

By Nimesh Vora MUMBAI, Dec 6 - The Indian rupee is likely to open higher on Friday on the back of a decline in the dollar index, after which its direction will be dictated by the central bank's monetary policy review. A majority of economists expect the central bank to make no changes to the policy rate amid high inflation …

Federal Reserve officials signal cautious path for rate cuts amid still-high inflation
3 weeks, 5 days ago

Federal Reserve officials signal cautious path for rate cuts amid still-high inflation

Associated Press  

WASHINGTON — With inflation still elevated, Federal Reserve officials expressed caution at their last meeting about cutting interest rates too quickly, adding to uncertainty about their next moves. Even if inflation continued declining to the Fed’s 2% target, officials said, “it would likely be appropriate to move gradually” in lowering rates, according to minutes of the November 6-7 meeting. Yet …

India bond yields to track US rates; downside largely capped
3 weeks, 6 days ago

India bond yields to track US rates; downside largely capped

Live Mint  

By Nimesh Vora MUMBAI, Nov 26 - Indian bond yields are likely to open little changed on Tuesday following the dip in the previous session, with traders keeping an eye on U.S. Treasury yields. The benchmark 10-year bond yield is expected in a 6.81%-6.84% range, having dipped about two basis points on Monday to 6.8226% largely due to a dip …

Gold drops over 1% on profit-booking, Trump’s Treasury Secretary pick
Trending News
4 weeks ago

Gold drops over 1% on profit-booking, Trump’s Treasury Secretary pick

Live Mint  

* Inflation surprise, hawkish US policy may prompt Dec. rate hold- analyst * Market sees 51% chance of 25 bps Fed rate cut in December * Fed’s Nov FOMC meeting minutes, GDP data, core PCE due this week By Daksh Grover Nov 25 - Gold prices dropped over 1% on Monday, weighed down by profit-taking after a five-session rally, with …

Dollar dips with Treasury yields after Bessent pick
Trending News
4 weeks ago

Dollar dips with Treasury yields after Bessent pick

Live Mint  

* Treasuries rally as investors see Bessent as fiscal hawk * Dollar eases from two-year high, due some consolidation * Market sees more policy easing from ECB, less from Fed By Wayne Cole SYDNEY, Nov 25 - The dollar surrendered a little of its recent gains on Monday as investors assumed the pick for U.S. Treasury secretary would reassure the …

Dollar Falls as Treasury Pick Tempers Trump Bets: Markets Wrap
4 weeks ago

Dollar Falls as Treasury Pick Tempers Trump Bets: Markets Wrap

Live Mint  

The dollar fell and Bitcoin’s rally stalled as traders viewed Donald Trump’s pick of Scott Bessent for Treasury Secretary as a measured choice, tempering some of the more fevered bets spurred by the president-elect’s victory. The dollar has now climbed for eight straight weeks, the longest advance in more than a year, as traders continued to price Trump’s fiscal policies …

month peak as market awaits next Fed cue
1 month ago

month peak as market awaits next Fed cue

Live Mint  

By Brigid Riley TOKYO - The U.S. dollar stuck close to a 13-month high on Friday as investors assessed the outlook for the Federal Reserve's interest rate path and uncertainty in Europe kept the euro on the back foot, while bitcoin eyed the $100,000 level. The yen, meanwhile, held its ground against the greenback after domestic core inflation figures remained …

Inflation behaving more like a magician who tricks you again and again
1 month ago

Inflation behaving more like a magician who tricks you again and again

New Indian Express  

The main culprit is food inflation, which jumped to 10.87%, largely led by vegetable prices that rose by a staggering 42.18% in October. As Deputy governor Michael Patra noted, inflation will likely encounter a hump in the near months largely due to an adverse base and one-off shocks to prices of vegetables, edible oils and gram. The fact that inflation …

Rupee nearly flat; cenbank intervention supports as equities stay tepid
1 month ago

Rupee nearly flat; cenbank intervention supports as equities stay tepid

Live Mint  

By Jaspreet Kalra MUMBAI, Nov 18 - The Indian rupee was nearly unchanged on Monday as likely intervention by the Reserve Bank of India helped offset pressure driven by weakness in local equities, which have borne the brunt of sustained foreign portfolio outflows this quarter. A surge in the dollar, elevated U.S. bond yields and sustained foreign portfolio outflows have …

US Fed rate cut: First inflation uptick in 7 months does little for Powell-led FOMC’s December plans; here’s why
1 month, 1 week ago

US Fed rate cut: First inflation uptick in 7 months does little for Powell-led FOMC’s December plans; here’s why

Live Mint  

The US Federal Reserve will likely stay on course towards delivering another interest rate cut in its December policy meeting even after the latest inflation print revealed that consumer prices rose for the first time in seven months. Wall Street analysts say that October's inflation data "will change little for the US Fed'' when the Federal Open Market Committee will …

US Dollar hits one-year high amid Donald Trump's economic policies
1 month, 1 week ago

US Dollar hits one-year high amid Donald Trump's economic policies

Hindustan Times  

The U.S. dollar revisited a one-year high against major peers on Thursday, as a fourth straight winning session from momentum sparked by Donald Trump's election victory eclipsed a rise in bets for Federal Reserve easing. On Thursday, the U.S. dollar hit a one-year high as Trump's election momentum continued, while bitcoin soared to a record $93,480. Elsewhere, the Australian dollar …

US Dollar rises to near 7-month high as inflation data hints Fed’s rate cuts strategy
1 month, 1 week ago

US Dollar rises to near 7-month high as inflation data hints Fed’s rate cuts strategy

Live Mint  

The United States dollar rose to nearly a seven-month high against major currencies on Wednesday, November 13, after the U.S. inflation data for October showed an increase, in line with market expectations and hinted that the Federal Reserve would keep cutting rates, reported the news agency Reuters. The US dollar rose to its highest level since April 16, fueled by …

Dollar Gains Before US CPI as Rate Bets Are Pared: Markets Wrap
1 month, 1 week ago

Dollar Gains Before US CPI as Rate Bets Are Pared: Markets Wrap

Live Mint  

The dollar climbed for a fourth day and Asian stocks fell ahead of key inflation data that may further sap confidence in the pace of Federal Reserve interest-rate cuts. In addition, market watchers expect US president-elect Donald Trump’s proposed tax and tariff policies to further drive up inflation, with his key picks for administration posts signaling a tough stance against …

Gold drops over 2% as dollar strengthens; investors await Fed policy cues
1 month, 1 week ago

Gold drops over 2% as dollar strengthens; investors await Fed policy cues

Live Mint  

By Sherin Elizabeth Varghese - Gold prices slipped more than 2% on Monday, weighed down by the greenback's continued rise and the broader implications of Donald Trump's victory on fiscal policy and interest rate cuts. Stronger dollar is weighing on gold prices for the first time in months because it's also associated with increasing odds that the Federal Reserve might …

US Fed cuts policy rate by quarter-point to 4.50-4.75% after Donald Trump’s poll victory; 5 key takeaways
1 month, 2 weeks ago

US Fed cuts policy rate by quarter-point to 4.50-4.75% after Donald Trump’s poll victory; 5 key takeaways

Live Mint  

The US Federal Reserve announced its seventh policy decision for 2024 after a two-day Federal Open Market Committee meeting and slashed its benchmark interest rate by a quarter of a percentage point to 4.50-4.75 per cent. US Fed Policy November 2024: Here are 5 key highlights 1.US Fed slashes key rates by 25 bps after Trump's election results The US …

US Federal Reserve cuts rate by 0.25% after first post-election meeting, notes easing inflation
Trending News
1 month, 2 weeks ago

US Federal Reserve cuts rate by 0.25% after first post-election meeting, notes easing inflation

Firstpost  

The interest rate in the US is now in the range of 4.5-4.75 per cent. The US Federal Reserve on Thursday cut the benchmark lending rates in the country by 0.25 per cent. Inflation has made progress toward the Committee’s 2 per cent objective but remains somewhat elevated,” the Federal Open Market Committee, which is responsible for changes to the …

Dollar slips before Federal Reserve rate cut decision; here is all you need to know
1 month, 2 weeks ago

Dollar slips before Federal Reserve rate cut decision; here is all you need to know

Hindustan Times  

The dollar fell on Wednesday before the Federal Reserve is expected to cut rates by 25 basis points, while traders were Republicans also won the Senate majority, putting the party on track for a clean sweep that would allow it to make larger legislative changes. Investors will focus on whether Fed Chair Jerome Powell makes any reference to the election …

Federal Reserve cuts its key interest rate by a quarter-point amid postelection uncertainty
1 month, 2 weeks ago

Federal Reserve cuts its key interest rate by a quarter-point amid postelection uncertainty

Associated Press  

WASHINGTON — The Federal Reserve cut its key interest rate Thursday by a quarter-point in response to the steady decline in the once-high inflation that had angered Americans and helped drive Donald Trump’s presidential election victory this week. When its latest policy meeting ended Thursday, the Fed issued a statement noting that the “unemployment rate has moved up but remains …

US yields mixed as election risks rise after solid 10-year note auction
1 month, 2 weeks ago

US yields mixed as election risks rise after solid 10-year note auction

Live Mint  

* Online betting odds favor Trump victory * US services index rises, helps extend earlier gains in yields * US yield curve flattens * US Treasury 10-year auction shows solid results By Gertrude Chavez-Dreyfuss NEW YORK, Nov 5 - U.S. Treasury yields were mixed on Tuesday, with longer maturities reversing earlier gains, as volatility intensified toward the market close and …

US Fed meeting: Will a 25 bps rate cut cheer the sombre Indian stock market?
1 month, 2 weeks ago

US Fed meeting: Will a 25 bps rate cut cheer the sombre Indian stock market?

Live Mint  

US Fed meeting: As the US Federal Reserve prepares for its policy meeting this week, anticipations are high that the central bank will propose a 25 bps rate cut. US Fed rate cut: Impact on Indian stock market Most experts believe the Fed rate cut will not infuse positive sentiment, and investors would focus on Chair Jerome Powell's commentary on …

US yields dip as ’Trump trades’ unwind in tight presidential race
1 month, 2 weeks ago

US yields dip as ’Trump trades’ unwind in tight presidential race

Live Mint  

* Iowa poll shows Harris ahead of Trump, weighs on yields * US 10-year yields on track for largest fall since early Sept. 4 * US two-year yields show biggest decline in three weeks * US 2/10 yield curve bull flattens * US Treasury three-year notes auction show weak results By Gertrude Chavez-Dreyfuss NEW YORK, - U.S. Treasury yields slid …

US Election: Close Race Fuels Market Uncertainty
Trending News
1 month, 2 weeks ago

US Election: Close Race Fuels Market Uncertainty

Hindustan Times  

The US election cycle finally comes to a head with a close race between Donald Trump and Kamala Harris. The outcome will have wide-ranging consequences for financial markets, global trade, and monetary policy. The Fed is expected to kick off its interest rate meeting on Thursday, but the outcome of the election could skew this dynamic. Emerging market central banks …

Stocks Fall, US Yields Rise Amid Election Jitters
2 months ago

Stocks Fall, US Yields Rise Amid Election Jitters

Live Mint  

Global stock markets are experiencing volatility due to the upcoming U.S. election and the outlook on interest rate cuts. U.S. yields rose, while stocks fell, reflecting market uncertainty. The S&P 500 and Dow Jones Industrial Average finished lower, while the Nasdaq Composite ended higher. The pan-European STOXX 600 index closed down, while MSCI's gauge of stocks across the globe fell.

Bitcoin surpasses $63,000 to one-month high; What’s behind the rally?
3 months ago

Bitcoin surpasses $63,000 to one-month high; What’s behind the rally?

Live Mint  

Bitcoin stood out as it surged to one-month highs on Monday, continuing its rally following last week's substantial rate cut by the Federal Reserve. This move, made shortly after the Fed's 50 basis points rate cut, halted the yen's significant appreciation this month, which has seen a 1.4 per cent increase in September. With Japan observing the Autumnal Equinox Day, …

Bitcoin surges over 2% as US Fed cuts interest rate by 0.5% in first reduction since 2020
3 months ago

Bitcoin surges over 2% as US Fed cuts interest rate by 0.5% in first reduction since 2020

Live Mint  

Bitcoin News: The Federal Reserve has reduced interest rates for the first time since the early days of the COVID-19 pandemic, sending ripples through the cryptocurrency market. Federal Reserve's Rate cut The Federal Reserve, on Wednesday, September 18, announced a 0.5 percentage point reduction in its benchmark interest rate, marking the US central bank's first rate cut in over four …

Stock market today: Asian markets forge higher after Fed's first rate cut in over 4 years
3 months ago

Stock market today: Asian markets forge higher after Fed's first rate cut in over 4 years

The Independent  

For free real time breaking news alerts sent straight to your inbox sign up to our breaking news emails Sign up to our free breaking news emails Sign up to our free breaking news emails SIGN UP I would like to be emailed about offers, events and updates from The Independent. Read our privacy policy Asian markets forged higher on …

US Federal Reserve is set to cut rates today; key question is, by how much?
3 months ago

US Federal Reserve is set to cut rates today; key question is, by how much?

Hindustan Times  

Having all but tamed inflation, the Federal Reserve is poised to do something Wednesday it hasn’t done in more than four years: Cut its benchmark interest rate, a step that should lead to lower borrowing costs for consumers and businesses just weeks before the presidential election. Exterior of the Marriner S. Eccles Federal Reserve Board Building is seen in Washington, …

Most of Wall Street edges lower after Fed delivers a big cut to rates
3 months ago

Most of Wall Street edges lower after Fed delivers a big cut to rates

LA Times  

Trader Michale Conlon works on the floor of the New York Stock Exchange as Federal Reserve Chair Jerome H. Powell’s news conference appears on a TV screen on Sept. 18, 2024. “That’s the situation we’re in.” The only question is how much the Fed will ultimately cut rates to do so, which can prove to be a tricky balance. The …

Fed announces big half-point interest rate cut, the first reduction since 2020
3 months ago

Fed announces big half-point interest rate cut, the first reduction since 2020

LA Times  

Federal Reserve Chair Jerome H. Powell appears on a monitor on the floor of the New York Stock Exchange. “This recalibration of our policy stance will help maintain the strength of the economy and the labor market, and will continue to enable further progress on inflation,” Fed Chair Jerome H. Powell said at a news conference after the conclusion of …

Wall Street stays stuck in place as it counts down to a Fed rate cut
3 months ago

Wall Street stays stuck in place as it counts down to a Fed rate cut

LA Times  

On Tuesday, the calm movements for the U.S. stock market overall were a sharp departure from prior weeks, during which the S&P 500 briefly fell nearly 10% below its all-time high. U.S. stock indexes remained stuck in place on Tuesday as Wall Street made few big moves ahead of what’s expected to be the first cut to interest rates in …

FTSE 100 nudges up on higher Fed rate cut hopes
3 months, 1 week ago

FTSE 100 nudges up on higher Fed rate cut hopes

The Independent  

For free real time breaking news alerts sent straight to your inbox sign up to our breaking news emails Sign up to our free breaking news emails Sign up to our free breaking news emails SIGN UP I would like to be emailed about offers, events and updates from The Independent. Read our privacy policy The FTSE 100 ticked up …

Gold Rate Today: Yellow Metal Hits Record High As Dollar Weakens Amid Interest Rate Cut Expectations
3 months, 1 week ago

Gold Rate Today: Yellow Metal Hits Record High As Dollar Weakens Amid Interest Rate Cut Expectations

ABP News  

Gold Rate Today: Gold prices surged to an all-time high on Friday, driven by a weakening U.S. dollar and anticipation of a Federal Reserve interest rate cut next week, as reported by Reuters. Spot gold climbed 0.2 per cent to $2,565 per ounce by 0258 GMT, after reaching a record-breaking $2,567.93 earlier in the session. He noted that the potential …

Dollar stable, yen wobbles ahead of US inflation data
3 months, 1 week ago

Dollar stable, yen wobbles ahead of US inflation data

Hindustan Times  

By Ankur Banerjee Dollar stable, yen wobbles ahead of US inflation data SINGORE -The dollar was steady on Tuesday and the yen inched away from one-month highs in cautious trading as investors braced for U.S. inflation data and reassess expectations of a large interest rate cut from the Federal Reserve next week. A mixed labour report on Friday failed to …

Dollar rises after August U.S. payrolls report paints mixed picture
3 months, 2 weeks ago

Dollar rises after August U.S. payrolls report paints mixed picture

The Hindu  

The dollar rose in volatile trading on Friday after data showed U.S. employment grew less than expected in August, but indicated only a steady slowdown in the labour market, likely supporting gradual interest rate cuts by the Federal Reserve. "A half-point rate cut at the central bank’s September meeting remains unlikely, but today’s release provided clear evidence of a sharp …

Dollar struggles to find footing on rising bets of outsized Fed cut
3 months, 2 weeks ago

Dollar struggles to find footing on rising bets of outsized Fed cut

The Hindu  

The dollar stayed on the back foot on Thursday as renewed concerns over the U.S. economy's growth outlook bolstered expectations of a supersized rate cut from the Federal Reserve this month. Global markets have been on edge and stocks, in particular, have been badly bruised after softer-than-expected U.S. data this week reignited concerns that the growth outlook of the world's …

Longer-dated yields climb as investors consider recession outlook
3 months, 3 weeks ago

Longer-dated yields climb as investors consider recession outlook

Live Mint  

* U.S. two-year note auction better than expected * U.S. 2/10 year yield curve inversion narrowest in 3 weeks * Investors await PCE data due Friday By Caroline Valetkevitch NEW YORK, Aug 27 - U.S. Treasury longer-dated yields edged higher on Tuesday, as investors assessed the likelihood that the U.S. economy will be able to avoid a recession, while a …

US Fed minutes indicate potential rate cut in September
4 months ago

US Fed minutes indicate potential rate cut in September

China Daily  

The US Federal Reserve building CHICAGO - The US Federal Reserve will likely cut interest rates at its September meeting if economic data continues to come in as expected, according to minutes of the Fed's July 30-31 meeting released Wednesday. "Almost all participants remarked that while the incoming data regarding inflation were encouraging, additional information was needed to provide greater …

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