March 21, 2023 New Delhi, India FOMC Meeting Highlights The US Federal Reserve, led by Chairman Jerome Powell, concluded its two-day Federal Open Market Committee (FOMC) meeting by maintaining the benchmark interest rates at 5.25-5.50%, marking the fifth consecutive meeting with no changes. Despite leaving rates steady, the FOMC signaled its anticipation of three rate…
December 14, 2023 New Delhi, India Fed Meeting 2023 Significantly, the Federal Reserve opted to keep its key rate unchanged at 5.25% – 5.50 % for the third straight meeting. It demonstrates that the central bank has examined different economic conditions and a dynamic environment before making decisions. Interest Rate Decision Fed Chair Jerome Powell presided…
December 4, 2023 New Delhi, India U.S Federal Reserve Federal Reserve Chair Jerome Powell affirmed the central bank’s cautious stance on interest rates and provided insights into the state of the US economy. Interest Rates and Inflation Powell highlighted that the benchmark overnight interest rate is already in restrictive territory, signaling a deliberate slowing of…
November 9, 2023 New Delhi, India The Federal Reserve Recent speeches by Federal Reserve Chair Jerome Powell and Philadelphia Fed President Patrick Harker emphasized the significance of adaptability in economic policymaking. Powell highlighted the challenges posed by unpredictable global events, while Harker expressed the need for maintaining current high-interest rates to manage inflation. Both discussions…
Date- June 14, 2023 Place- New Delhi, India In light of unexpectedly low U.S. inflation data, the U.S. dollar stumbled to nearly a three-week trough against the euro and touched a one-month low versus the British sterling on Wednesday. The prevailing view now is that the Federal Reserve will defer an anticipated interest rate increase…
Date- June 13, 2023 Place- New Delhi, India The Consumer Price Index (CPI), a measure of the changing cost of consumer goods and services, is closely watched by the Central Bank in its aim to maintain stable prices. A CPI figure that surpasses forecasts boosts the US Dollar, whereas a figure that falls short weakens…
Date: May 25, 2023 The Federal Reserve has released the minutes of its May 2-3 meeting, providing valuable insights into the central bank’s decision to raise borrowing costs by 25 basis points to 5.00%-5.25%. The minutes indicate a potential pause in the hiking cycle as the Fed seeks to assess the lagging and cumulative impact…
The price of gold (XAU/USD) fluctuates between $1,975 and $1,977 while remaining within a symmetrical triangle that has been in place for one week. As a result of the market’s cautious optimism and the negative United States Treasury bond yields, the precious metal widens the previous week’s losses, the first in four. Gold pricing anticipates…
Date: June 22, 2023 Place: New Delhi, India Jerome Powell, the Federal Reserve Chair, recently voiced his belief that the U.S. dollar is set to continue as the globe’s leading reserve currency, given the country maintains its democratic institutions and adherence to the rule of law. This discussion offers an excellent opportunity to dive into…
December 3, 2024 New Delhi, India Stock Market Today Markets extended their winning streak for the third straight session on Tuesday, with both the Sensex and Nifty closing in the green. The BSE Sensex surged by 597.67 points (0.74%) to end at 80,845.75, while the NSE Nifty50 advanced 181.10 points (0.75%) to settle at 24,457.15….
