Fed FOMC Policy Decision: Federal Reserve Chairman Jerome Powell on Wednesday announced a reduction of 25 basis points in the United States’ key lending rate — known formally as the federal funds rate — as widely expected by economists. After the latest policy action, the benchmark interest rate in the world’s largest economy stands adjusted…
Is the Fed set to announce a rate cut on Wednesday, September 17, the second day of its Federal Open Market Committee’s periodic review? Globally, markets are pricing in a cut in the federal funds rate — the main American interest rate — to the tune of 25 basis points (bps) to 4-4.25 per cent…
US President Donald Trump has confirmed his leading choices to replace the current US Federal Reserve Chair Jerome Powell, naming three of his close aides as top picks for the position, The Hill reported. According to The Hill, Trump on Friday (local time) has confirmed the names of Kevin Hassett, Kevin Warsh, and Christopher Waller as his…
Foreign Institutional Investors (FIIs) continued their selling spree in August, offloading equities worth Rs 25,564 crore through the exchanges up to August 23. This took the total equity selling by FIIs this year up to that date to Rs 1,57,440 crore, according to market data. FIIs have not only been sellers in equities but have…
Global markets ended the week on a firm note as U.S. Federal Reserve Chair Jerome Powell signaled that the central bank remains open to cutting interest rates in the near term, raising hopes of a September move. His remarks at the Jackson Hole Symposium lifted sentiment across Wall Street, with spillover effects seeming to be…
The dollar got off on the front foot on Wednesday following two days of gains as traders awaited the Federal Reserve’s Jackson Hole annual symposium later this week for clues on the path for monetary policy. A speech on Friday by Fed Chair Jerome Powell is the main focus, with the market watching for any…