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Sensex crashes by over 800 points after US Fed hikes rates

US Federal Reserve's hiked rates and a tighter monetary policy across central banks across the world hinted to investors for the sell-off.

The latest slump reversed the positive sentiments in the domestic market that continued for two months.(ANI)
The latest slump reversed the positive sentiments in the domestic market that continued for two months.(ANI)
Published on Sep 26, 2022 12:29 PM IST

He Predicted the 2008 Crash; ‘Dr. Doom’ Now Expects a ‘Long, Ugly’ Recession

Economist Nouriel Roubini sees a “long and ugly” recession in the US and globally occurring at the end of 2022 that could last all of 2023 and a sharp correction in the S&P 500.

Asian stock markets followed Wall Street lower on Thursday after the Federal Reserve delivered another big interest rate hike to cool galloping inflation and raised its outlook for more. (AP Photo/Ahn Young-joon)
Asian stock markets followed Wall Street lower on Thursday after the Federal Reserve delivered another big interest rate hike to cool galloping inflation and raised its outlook for more. (AP Photo/Ahn Young-joon)
Published on Sep 23, 2022 06:47 PM IST

Fed attacks inflation with another big hike and expects more

The Fed’s move boosted its benchmark short-term rate, which affects many consumer and business loans, to a range of 3% to 3.25%, the highest level since early 2008.

Fed officials have said they’re seeking a “soft landing,” by which they would manage to slow growth enough to tame inflation but not so much as to trigger a recession.(REUTERS)
Fed officials have said they’re seeking a “soft landing,” by which they would manage to slow growth enough to tame inflation but not so much as to trigger a recession.(REUTERS)
Published on Sep 21, 2022 11:41 PM IST

Indian shares fall over 2% as US Fed stokes fear of rate hikes

Fed Chair Jerome Powell's promise of policy "pain" to contain inflation quashed hopes that the central bank would soften its rate hike stance to prevent an economic slowdown.

Stock markets initial reaction on a monitor as Jerome Powell, chairman of the US Federal Reserve, speaks at the Jackson Hole Economic Policy Symposium on the floor of the New York Stock Exchange (NYSE) in New York, US, on Friday.(Bloomberg)
Stock markets initial reaction on a monitor as Jerome Powell, chairman of the US Federal Reserve, speaks at the Jackson Hole Economic Policy Symposium on the floor of the New York Stock Exchange (NYSE) in New York, US, on Friday.(Bloomberg)
Published on Aug 29, 2022 10:38 AM IST

Bitcoin Drops to Three-Week Low as Global Markets Turn Risk Off

Cryptocurrencies suffered a sharp selloff as global markets retreated after US Federal Reserve officials reiterated their resolve to keep raising interest rates until inflation is contained.

Bitcoin Drops to Three-Week Low as Global Markets Turn Risk Off
Bitcoin Drops to Three-Week Low as Global Markets Turn Risk Off
Published on Aug 19, 2022 06:07 PM IST

US Federal Reserve fights inflation with biggest rate hike since 1994

They projected raising it to 3.4% by year-end, implying another 175 basis points of tightening this year.

The Federal Reserve building is seen in Washington, US.(Reuters file photo)
The Federal Reserve building is seen in Washington, US.(Reuters file photo)
Updated on Jun 16, 2022 07:45 AM IST

US federal reserve to shrink support for economy, 3 rate hikes likely in 2022

In a sharp policy shift, the Fed said it will withdraw its monthly bond purchases at twice the pace it previously announced and likely end them in March. The accelerated timetable puts the Fed on a path to start raising rates as early as the first half of next year.

Jerome Powell, chairman, Federal Reserve.(Bloomberg)
Jerome Powell, chairman, Federal Reserve.(Bloomberg)
Published on Dec 16, 2021 04:32 AM IST

Markets continue rally on positive sentiment

However, according to analysts, concerns about the US Federal Reserve’s tapering of its bond-buying programme and the detection of the Omicron Covid-19 strain in India will continue to keep stocks volatile.

The BSE building at Dalal Street in Mumbai (Only for representative purpose)
The BSE building at Dalal Street in Mumbai (Only for representative purpose)
Published on Dec 03, 2021 04:10 AM IST

Markets recover despite Fed’s taper talk

Weak currency, rising crude prices and fears related to sustainability of foreign institutional investor inflows because of the taper talk by the US Federal Reserve had increased the concerns of investors in the past couple of days.

On Monday, the BSE Sensex rose 230.01 points or 0.44% at 52,574.46.(Reuters)
On Monday, the BSE Sensex rose 230.01 points or 0.44% at 52,574.46.(Reuters)
Published on Jun 22, 2021 12:31 AM IST

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

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%.

US Federal Reserve Chairman Jerome Powell(Reuters File)
US Federal Reserve Chairman Jerome Powell(Reuters File)
Published on Apr 12, 2021 05:15 AM IST

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

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.

Analysts are expecting the Fed's policy-setting Federal Open Market Committee (FOMC) to maintain its very
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)
Published on Mar 14, 2021 11:46 AM IST

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

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.

Chairman of the Federal Reserve Jerome Powell. (AP File Photo)
Chairman of the Federal Reserve Jerome Powell. (AP File Photo)
Published on Feb 26, 2021 06:38 AM IST

US stimulus, Q3 earnings, covid vaccination to steer stocks

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.

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)
Published on Jan 18, 2021 05:32 AM IST
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