American central bank US Federal Reserve will most likely cut key interest rates twice this year -- once this month and again in December, anticipates S&P Global Market Intelligence.
The Indian stock markets are on the brink of entering a new phase, marked by potential rate cuts from the U.S. Federal Reserve, highlighted a report by Nuvama.
The global shift towards gold as a hedge against macroeconomic risks is also being reflected in India. The uncertainty surrounding the US election and potential rate cuts has driven up demand for safe-haven assets like gold.
New Delhi [India], August 28: On August 16, 2024, gold prices witnessed a spectacular rise, peaking at USD 2,500.99 per ounce driven by the surge in demand. An increasing number of investors lined up to get their hands on this historical asset.
US Federal Reserve Chair Jerome Powell gave a strong indication that it was time for the US central bank to reduce interest rates as inflation rates were aligning with its target.
The stock market on the last trading day of this week ended flat after a volatile session, as investors are waiting for the speech by Federal Reserve Chair Jerome Powell at the Jackson Hole Economic Policy Symposium later today.
The central bankers and markets around the globe will be eying the speech given by Federal Reserve Chair Jerome Powell at the Jackson Hole Economic Policy Symposium later today.
The easing inflation and weakening job market trends in the US, as revealed in the recent figures will push the Federal Reserve to cut interest rates which will lead to lower rates in developing countries like India, indicates S&P Global on Friday.
In India, a key emerging market economy, analysts are pointing out that loosening monetary policy through interest rate cuts in the US amid weak growth projections could drive in investment inflows into India.
The Indian stock market achieved a new milestone, with both Nifty and Sensex reaching a record high on Thursday. The markets got support from the US Federal Reserve deciding to keep the interest rates unchanged for the eighth straight time.
U.S. Federal Reserve Chair Jerome Powell hinted a possible interest rate cut in September if economic conditions align with expectations. The fed made these remarks during the latest Federal Reserve meeting which decided to keep the federal funds rate unchanged at 5.25 per cent to 5.5 per ce
The Federal Reserve, in its latest meeting, decided to keep the federal funds rate unchanged at 5.25 per cent to 5.5 per cent for the eighth time. In its statement, the Fed observed that job gains in the U.S. economy have moderated, while the unemployment rate has increased slightly but rema