President Donald Trump may have found a way to force the Federal Reserve to lower interest rates after all.It’s no secret that Trump wants lower rates. He also wants more say in monetary policy, even though he already has the power to name the Fed chair and two vice chairs, subject to Senate confirmation. It … Read more
“PM Modi has spoken about his government’s firm resolve towards the goal of Viksit Bharat 2047. In his latest US visit, he has re-iterated this vision which roughly translates as ‘Make India Great Again’ (MIGA),” says Dr. Poonam Tandon, Chief Investment Officer – IndiaFirst Life InsuranceIn an interview with ETMarkets, Tandon said: “This is in … Read more
Indian equity markets witnessed considerable volatility during the week ending December 13, 2024. The BSE Sensex and NSE Nifty 50 indices fluctuated throughout the week, with a strong rally on Friday, December 13, driving modest weekly gains. On Friday, the Sensex surged by 843.16 points (1.04%) to close at 82,133.12, while the Nifty 50 advanced … Read more
The US 10-year bond yields could cross 5% once again if the US government’s fiscal deficit widens further, said Sonal Desai, chief investment officer of Franklin Templeton Fixed Income. In an interview with Nishanth Vasudevan, Desai, who oversees $211 billion of assets under management globally, spoke about what’s in store in 2025, US bond yields, … Read more
Federal Reserve Chair Jerome Powell on Thursday declined to say whether he would remain at the U.S. central bank as a board member after his term as chief expires in May 2026. Powell, asked at an event in Dallas whether he would consider being the first Fed chair in more than seven decades to remain … Read more
The Nifty closed with a loss of 51 points (-0.2%) at 24,148 while the broader markets underperformed, with midcap and smallcap indices losing 1.3% and 1.7%, respectively, on Friday. The US Fed cut its benchmark lending rate by 25 bps to 4.5%, in line with expectations and in an attempt to support economic growth, China’s … Read more
What happened to gold and silver last week? What’s the outlook for these commodities this week? And how might the Fed’s actions impact gold in the near future? ET Markets discussed these questions with Naveen Mathur, Director of Commodities & Currencies at Anand Rathi Shares and Stock Brokers, in this week’s ET Commodity Talk. Excerpts: … Read more
Chair Jerome Powell cemented a shift in focus from inflation to employment last week when he said that the Federal Reserve does not seek a further cooling in the labor market. It was a welcome message for those concerned about an economic slowdown. But there are reasons to expect today’s sluggish hiring environment to persist … Read more
WASHINGTON: The Federal Reserve held interest rates steady on Wednesday but opened the door to reducing borrowing costs as soon as its next meeting in September as inflation continues coming into line with the U.S. central bank’s 2% target. “There has been some further progress towards the Committee’s 2% objective,” the central bank’s Federal Open … Read more
Oil prices dropped to a near two-month low on receding tensions in the Middle East, a complex interplay of escalating supply levels, demand worries, and challenging economic indicators. The global benchmark, US WTI crude currently clinging below $80 a barrel, has lost more than 10% from a near two-year high tested last month. A similar … Read more