Central banks in the US, euro zone and the UK are done raising interest rates for now, but their peers across Europe’s north aren’t so sure. On Thursday, Sweden’s Riksbank could deliver yet another quarter-point salvo, taking its key rate to 4.25% to fight inflation or not, depending on who you listen to. Economists and … Read more
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WASHINGTON: Uncertainty around the path of the U.S. economy, including difficulties estimating the state of financial markets, potential oil price shocks, and the impact of labor union strikes, pushed Federal Reserve officials into a cautious stance at their meeting last month as debate proceeded over whether further rises in the central bank‘s policy rate would … Read more
During the September FOMC meeting, the Federal Reserve maintained the federal funds rate target range at a 22-year high of 5.25%-5.5%. Fed Chair Jerome Powell, however, conveyed that interest rates must remain elevated for an extended period due to the renewed strength in the economy. While the central bank is nearing the end of its … Read more
Benchmark 10-year U.S. Treasury yields rose to 16-year highs on Thursday, a day after the Federal Reserve surprised investors by flagging the potential for an additional rate hike, and an expectation for fewer cuts next year. The U.S. central bank held interest rates steady, as was widely expected, and said that its benchmark overnight interest … Read more
U.S. stocks slumped on Wednesday after the U.S. Federal Reserve held key interest rates unchanged as widely expected, and revised economic projections higher with warnings that the battle against inflation was far from over. All three major U.S. stock indexes retreated in the wake of announcement, with interest rate sensitive megacap stocks Microsoft Corp, Apple … Read more
Benchmark index S&P BSE Sensex fell nearly 670 points or over 1% at 66,933.52, dragged by HDFC Bank and Reliance Industries (RIL). The broader S&P BSE 500 index was trading at 27,712.32, down 205.65 points or 0.74% The market breadth skewed in favour of bears with 350 stocks trading with declines. The top gainers in … Read more
Asian stocks struggled for headway on Wednesday while 10-year U.S. Treasury yields stood at 16-year highs as surging oil prices drive inflation and set the scene for the Federal Reserve to project interest rates staying higher for longer. Brent crude futures eased from 10-month highs overnight but at $94.26 a barrel are up 30% in … Read more
“They are not in a position to give forward guidance because we are in many ways such uncharted territory. We have a fairly low unemployment rate below what had been anybody’s estimate of the kind of the natural rate of unemployment and we have a big budget deficit because of various fiscal programmes including subsidies … Read more
“Real estate, after a 10-year down cycle, over the last one year we have seen real estate attraction picking up in the broader market and the stocks are also doing well,” says Ajay Bagga, Market Expert.We saw the broader market indices, they are at record highs and pockets like sugar, defence, they have been quite … Read more