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US Federal Reserve Chairman Jerome Powell(Reuters File)

Fed's Powell sees US boom ahead, with Covid-19 still a risk

AP | , Washington
PUBLISHED ON APR 12, 2021 05:15 AM IST
Powell noted that roughly a million jobs were added in March, when revisions to jobs data in January and February are included. The unemployment rate fell to 6% from 6.2%.
Analysts are expecting the Fed's policy-setting Federal Open Market Committee (FOMC) to maintain its very "dovish" stance when it holds its two-day policy meeting next week. Powell on Wednesday is expected to stress once again that the Fed is willing to accept higher inflation to get back to full employment, a goal that took a decade to achieve following the 2008 global financial crisis.(REUTERS)
Analysts are expecting the Fed's policy-setting Federal Open Market Committee (FOMC) to maintain its very "dovish" stance when it holds its two-day policy meeting next week. Powell on Wednesday is expected to stress once again that the Fed is willing to accept higher inflation to get back to full employment, a goal that took a decade to achieve following the 2008 global financial crisis.(REUTERS)

Despite US economic recovery, Federal Reserve firm on keeping interest rates low

AFP |
PUBLISHED ON MAR 14, 2021 11:46 AM IST
In order to restore some of the more than nine million jobs still missing due to the Covid-19 pandemic, Fed Chair Jerome Powell's message has been clear: he wants to see more people back to work.
Chairman of the Federal Reserve Jerome Powell. (AP File Photo)
Chairman of the Federal Reserve Jerome Powell. (AP File Photo)

Powell is patient but markets aren’t, challenging new Fed policy

Bloomberg |
PUBLISHED ON FEB 26, 2021 06:38 AM IST
In the market bleachers, some big names in economics, including Harvard University economist Lawrence Summers and former IMF chief economist Olivier Blanchard, are warning of economic overheating from the $1.9 trillion stimulus bill.
US president-elect Joe Biden outlined a $1.9 trillion stimulus package proposal on Thursday, saying bold investment was needed to jump-start the economy.(AP)
US president-elect Joe Biden outlined a $1.9 trillion stimulus package proposal on Thursday, saying bold investment was needed to jump-start the economy.(AP)

US stimulus, Q3 earnings, covid vaccination to steer stocks

By Nasrin Sultana, Mumbai
PUBLISHED ON JAN 18, 2021 05:32 AM IST
Q3 earnings have so far been firm and are likely to remain strong, which along with vaccination drive, should offer support to equities, Modi added. “The budget will be crucial for the market as it will offer clarity about the sustainability of the rebound.
As per the latest information available on the RBI’s twitter handle ‘@RBI’, the number of followers has increased from 9.66 lakh on September 27, 2020 to one million or 10 lakh.(REUTERS)
As per the latest information available on the RBI’s twitter handle ‘@RBI’, the number of followers has increased from 9.66 lakh on September 27, 2020 to one million or 10 lakh.(REUTERS)

RBI Twitter handle joins million followers club, first central bank in world to reach this milestone

New Delhi | By Press Trust of India| Posted by Susmita Pakrasi
PUBLISHED ON NOV 22, 2020 04:26 PM IST
The Reserve Bank of India (RBI) has beaten the US Federal Reserve and European Central Bank on Twitter by emerging as the most popular central bank on the microblogging site with one million followers.
The Sensex ended at 36,553.60, shedding 1,114.82 points or 2.96%. The 50-share index Nifty was at 10,805.55, losing 326.30 points or 2.93%.(REUTERS)
The Sensex ended at 36,553.60, shedding 1,114.82 points or 2.96%. The 50-share index Nifty was at 10,805.55, losing 326.30 points or 2.93%.(REUTERS)

Markets log worst day in four months as foreign funds exit

Hindustan Times, Mumbai | By Nasrin Sultana
UPDATED ON SEP 25, 2020 01:15 AM IST
On Thursday, the rupee weakened 32 paise to 73.89 against the US currency as foreign fund outflows weighed on investor sentiment.
On Wednesday, gold fell below $2,000 an ounce in the international market as the dollar steadied.(Representative Photo/Reuters)
On Wednesday, gold fell below $2,000 an ounce in the international market as the dollar steadied.(Representative Photo/Reuters)

Gold price falls, silver plunges sharply on bullion market

Hindustan Times, New Delhi | By hindustantimes.com | Edited by: Amit Chaturvedi
UPDATED ON AUG 19, 2020 12:59 PM IST
The price of gold had jumped by Rs 1,182 on Tuesday following rally in international prices of the yellow metal.
Rupee had settled at 74.76 against the US dollar on Tuesday.(Bloomberg)
Rupee had settled at 74.76 against the US dollar on Tuesday.(Bloomberg)

Rupee rises 7 paise to 74.69 against US dollar in early trade

Mumbai | By Press Trust of India| Posted by Susmita Pakrasi
PUBLISHED ON AUG 19, 2020 10:36 AM IST
At the interbank forex market, the domestic unit opened at 74.71 against the US dollar, gained further ground and touched 74.69 against the US dollar, registering a rise of 7 paise over its previous close.
A pedestrian wearing a protective mask walks near the Bombay Stock Exchange (BSE) building in Mumbai.(Bloomberg)
A pedestrian wearing a protective mask walks near the Bombay Stock Exchange (BSE) building in Mumbai.(Bloomberg)

Sensex closes 335 points lower despite Fed stance

Mumbai | By Press Trust of India | Posted by Anubha Rohatgi
UPDATED ON JUL 30, 2020 07:15 PM IST
Markets also turned choppy on the expiry of July derivatives and a weak trend in the rupee, traders said.
The domestic unit finally closed at 74.84 against the greenback, down 4 paise over its previous close 74.80.(Getty Images/iStockphoto)
The domestic unit finally closed at 74.84 against the greenback, down 4 paise over its previous close 74.80.(Getty Images/iStockphoto)

Rupee settles 4 paise lower at 74.84 against US dollar

Mumbai | By Press Trust of India| Posted by Susmita Pakrasi
PUBLISHED ON JUL 30, 2020 02:41 PM IST
At the interbank forex market, the rupee opened at 74.84 and during the session fluctuated between an intra-day high of 74.80 and a low of 74.88 against the US dollar.
The rupee depreciated 23 paise to 75.82 against the US dollar in opening trade on Thursday(Getty Images/iStockphoto)
The rupee depreciated 23 paise to 75.82 against the US dollar in opening trade on Thursday(Getty Images/iStockphoto)

Rupee slips 23 paise to 75.82 against US dollar in early trade

Mumbai | By Press Trust of India | Posted by Prashasti Singh
PUBLISHED ON JUN 11, 2020 02:09 PM IST
The rupee opened weak at 75.81 at the interbank forex market and fell further to 75.82 against US dollar, down 23 paise over its last close.
The seal for the Board of Governors of the Federal Reserve System displayed in Washington(Reuters)
The seal for the Board of Governors of the Federal Reserve System displayed in Washington(Reuters)

US Federal Reserve vows to support US economy’s ‘long road’ to recovery after dire 2020

Reuters | By Reuters | Posted by Prashasti Singh
UPDATED ON JUN 11, 2020 08:21 AM IST
US’s economy is predicted to shrink 6.5% in 2020 and the unemployment rate to be 9.3% at year’s end.
Shaktikanta Das, governor of the Reserve Bank of India (RBI), reiterated that Yes Bank depositors’ money is absolutely safe and that there is no need for panic withdrawal.(Bloomberg)
Shaktikanta Das, governor of the Reserve Bank of India (RBI), reiterated that Yes Bank depositors’ money is absolutely safe and that there is no need for panic withdrawal.(Bloomberg)

‘Yes Bank moratorium to be lifted on March 18 at 6 pm’: RBI governor Shaktikanta Das

Hindustan Times, New Delhi | By HT Correspondent
UPDATED ON MAR 16, 2020 04:47 PM IST
The hurriedly called press conference in Mumbai comes amid widespread call for a rate cut following similar steps by the world’s leading central banks. The US Federal Reserve has cut the policy rates to near-zero levels in a span of 10 days.
The seal for the Board of Governors of the Federal Reserve System is displayed in Washington, U.S.(REUTERS)
The seal for the Board of Governors of the Federal Reserve System is displayed in Washington, U.S.(REUTERS)

US Federal Reserve slashes key interest rate, rolls out massive response to coronavirus

Washington | By Agence France-Presse
UPDATED ON MAR 16, 2020 10:50 AM IST
The US Fed made its second emergency rate cut in less than two weeks, lowering the benchmark borrowing rate to a range of 0-0.25 percent, and pledged to keep it there “until it is confident that the economy has weathered recent events.”
The US Federal Reserve seal(REUTERS File Photo)
The US Federal Reserve seal(REUTERS File Photo)

In an emergency move, US Federal Reserve cuts interest rates to battle coronavirus

Washington | By Reuters
UPDATED ON MAR 03, 2020 10:10 PM IST
The Fed’s decision to cut interest rates before its next scheduled policy meeting on March 17-18 reflects the urgency with which the Fed feels it needs to act in order to prevent the possibility of a global recession.
Gold prices are up about 18%, or over $200, since hitting year’s low of $1,265.85 in May.(Reuters photo)
Gold prices are up about 18%, or over $200, since hitting year’s low of $1,265.85 in May.(Reuters photo)

Gold prices inch higher; all eyes on European Central Bank meet

New Delhi | By Reuters
UPDATED ON SEP 11, 2019 10:29 AM IST
European Central Bank policymakers are leaning toward a package that includes a rate cut, a pledge to keep rates low for longer and compensation for banks over the side-effects of negative rates, five sources familiar with the discussion said last week.
Rupee had settled at 71.72 against the US dollar on Friday.(Reuters)
Rupee had settled at 71.72 against the US dollar on Friday.(Reuters)

Rupee rises 14 paise to 71.58 against US dollar in early trade

Mumbai | By Press Trust of India
UPDATED ON SEP 09, 2019 11:35 AM IST
Forex traders said market investors were optimistic about cut in interest rates by the US Federal Reserve following below-par US jobs data.
A gold rush caused by currency fragility.(Bloomberg Photo)
A gold rush caused by currency fragility.(Bloomberg Photo)

Opinion | A gold rush caused by currency fragility

By Livemint
PUBLISHED ON AUG 21, 2019 11:42 PM IST
Global investor Mark Mobius expects the price of gold to go up as money supply expands. Does this flight to metallic safety reflect an anxiety over the dollar-based financial order?
People look at a screen displaying the Sensex results on the facade of the Bombay Stock Exchange (BSE) building in Mumbai.(REUTERS)
People look at a screen displaying the Sensex results on the facade of the Bombay Stock Exchange (BSE) building in Mumbai.(REUTERS)

Sensex, Nifty end at five-month low on US Fed’s comments

Mumbai | By Press Trust of India
UPDATED ON AUG 01, 2019 04:43 PM IST
Among sectors, the Nifty metals index was down 3.13% at close after copper prices fell to a 3-week low following Powell’s comments.
The rupee appreciated by 23 paise to 68.74 against the US dollar in early trade Friday,(Sonu Mehta/HT PHOTO)
The rupee appreciated by 23 paise to 68.74 against the US dollar in early trade Friday,(Sonu Mehta/HT PHOTO)

Rupee rises 23 paise to 68.74 versus US dollar in early trade

Mumbai | By Press Trust of India
UPDATED ON JUL 19, 2019 10:47 AM IST
Forex traders said rupee along with most Asian currencies were trading in the positive territory following dovish comments from both New York Fed President John Williams and Vice Chair Richard Clarida.
The broader Nifty was up 0.28% at 11,949.20, while the Sensex was up 0.26% at 39,948.66 as of 0934 IST.(REUTERS FILE)
The broader Nifty was up 0.28% at 11,949.20, while the Sensex was up 0.26% at 39,948.66 as of 0934 IST.(REUTERS FILE)

Sensex ticks up on hopes of tax boost in budget 2019

BENGALURU | By Reuters
UPDATED ON JUL 04, 2019 11:43 AM IST
Asian markets were up mirroring gains seen on Wall Street, as data hinting at a slowdown in economic growth in the United States fuelled hopes of a possible rate cut by the US Federal Reserve.
After opening on a flat note, the benchmark Sensex fell over 190 points during the early trade.(PTI File Photo/Representative Image)
After opening on a flat note, the benchmark Sensex fell over 190 points during the early trade.(PTI File Photo/Representative Image)

Sensex down 190 points, Nifty below 11,800

Mumbai | By Indo Asian News Service
UPDATED ON JUN 21, 2019 11:11 AM IST
Brent crude, the global oil benchmark, surged over 5 per cent on renewed tensions in the Middle East after Iran shot down a US military drone.
According to experts, domestic investors took cues from firm global markets that rallied after the US Federal Reserve’s policy outcome.(PTI Photo/ Representative Image)
According to experts, domestic investors took cues from firm global markets that rallied after the US Federal Reserve’s policy outcome.(PTI Photo/ Representative Image)

Sensex soars 489 points as dovish Fed lifts global markets

Mumbai | By Press Trust of India
UPDATED ON JUN 20, 2019 04:27 PM IST
The US central bank Wednesday left the interest rates unchanged, but indicated it will not hesitate to cut rates to boost the economy amid growing uncertainties.
Forex traders said, rupee is trading in a narrow range as prospects of an interest rate cut by the US Federal Reserve kept investors edgy.(Bloomberg File Photo)
Forex traders said, rupee is trading in a narrow range as prospects of an interest rate cut by the US Federal Reserve kept investors edgy.(Bloomberg File Photo)

Rupee slips 11 paise to 69.61 vs USD in early trade

Mumbai | By Press Trust of India
UPDATED ON JUN 14, 2019 10:24 AM IST
The rupee opened weak at 69.55 at the interbank forex market and then fell further to 69.61, down 11 paise over its last close.
Benchmark Sensex spiralled lower for the second straight session Monday and cracked below the key 38,000-mark.(REUTERS)
Benchmark Sensex spiralled lower for the second straight session Monday and cracked below the key 38,000-mark.(REUTERS)

Sensex sinks 355 points tracking global sell-off

Mumbai | By Press Trust of India
PUBLISHED ON MAR 25, 2019 04:18 PM IST
The BSE Sensex tumbled 355.70 points to end at 37,808.91 while the wider NSE Nifty plunged 102.65 points to 11,354.25.
The BSE benchmark Sensex rallied by over 500 points at 36,126.37 around 2pm.(PTI Photo)
The BSE benchmark Sensex rallied by over 500 points at 36,126.37 around 2pm.(PTI Photo)

Sensex soars by 665 points ahead of budget as US Fed keeps rates unchanged

Mumbai | By Press Trust of India
UPDATED ON JAN 31, 2019 04:20 PM IST
The bourses performed well just a day before the BJP-led National Democratic Alliance government will present its last budget before the general election to be held in March-April this year.
On Wednesday, the Sensex ended marginally lower by 1.25 points and the Nifty closed with a negligible loss of 0.4 point.(Dhiraj Singh/Bloomberg)
On Wednesday, the Sensex ended marginally lower by 1.25 points and the Nifty closed with a negligible loss of 0.4 point.(Dhiraj Singh/Bloomberg)

Sensex jumps over 200 points on firm global cues

Mumbai | By Press Trust of India
UPDATED ON JAN 31, 2019 11:37 AM IST
Bangladesh will file a lawsuit in New York on Wednesday against a Philippine bank over its involvement in one of the biggest-ever cyber heists, the country’s central bank governor said.(Getty Images/Picture for representation)
Bangladesh will file a lawsuit in New York on Wednesday against a Philippine bank over its involvement in one of the biggest-ever cyber heists, the country’s central bank governor said.(Getty Images/Picture for representation)

Bangladesh to sue Philippine bank over involvement in $81 million cyber heist

Dhaka | By Agence France-Presse
UPDATED ON JAN 30, 2019 11:33 PM IST
Hackers stole $81 million from the Bangladesh central bank’s account with the US Federal Reserve in New York in February 2016. The money was then transferred to a Manila branch of Rizal Commercial Banking Corp, swiftly withdrawn and laundered through local casinos.
People look at a screen displaying the Sensex results on the facade of the Bombay Stock Exchange (BSE) building in Mumbai.(Reuters file photo)
People look at a screen displaying the Sensex results on the facade of the Bombay Stock Exchange (BSE) building in Mumbai.(Reuters file photo)

Sensex ends lower over Fed rate hike

Mumbai | By Indo Asian News Service
PUBLISHED ON DEC 20, 2018 05:48 PM IST
In line with weakness in global markets, the BSE Sensex and Nifty50 ended lower on Thursday after the US Federal Reserve raised its short-term interest rate.
Views of the RBI And BSE as central bank chief’s exit roils Indian markets already jittery from election.(Bloomberg)
Views of the RBI And BSE as central bank chief’s exit roils Indian markets already jittery from election.(Bloomberg)

India’s stocks are hostage to US Fed rate cycle, says mutual fund giant

Bloomberg, Mumbai | By Ameya Karve
UPDATED ON DEC 19, 2018 09:45 AM IST
While the US central bank’s influence on emerging assets is hardly an unknown phenomenon, India’s $2 trillion stock market has also been whipsawed in recent months by homegrown narratives
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