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Synopsis: The FOMC’s latest statement remained remarkably consistent, with Federal Reserve officials maintaining their key interest rate within the 5.25% to 5.5% range, while subtly acknowledging the possibility of further rate increases. They also subtly acknowledged the tightening of financial conditions. In line with expectations, Powell refrained from definitively ruling out potential future rate hikes….
October 31, 2023 New Delhi, India RBI The Reserve Bank of India (RBI) has taken regulatory action against five cooperative banks, imposing monetary penalties due to various breaches of compliance guidelines. The move underscores the central bank’s commitment to maintaining the integrity and stability of the banking sector. Overview of RBI’s Penalties The RBI recently…
October 30, 2023 New Delhi, India Rupee vs Dollar The Indian rupee commenced the trading week with a steady performance against the US dollar, as it navigated a range-bound trajectory in early trade on Monday. The rupee’s stability was influenced by several factors, including the strength of the US dollar and prevailing trends in the…
Global stock markets, as evidenced by the MSCI All Country stock index (ACWI) tracking shares in nearly 50 countries, experienced a rise of 0.72% to 705.13 points on Friday, marking a nearly 17% gain year-to-date. This followed the Bank of Japan’s decision to modify its expansive monetary policy, aligning more closely with other major central…
Asian shares reached a five-month high on Thursday, driven by optimism that the U.S. Federal Reserve’s tightening cycle had come to an end and that the economy was headed for a soft landing. This positive sentiment also boosted the outlook for global growth and risk appetite. Investors are eagerly awaiting the European Central Bank’s announcement…
Global stocks remained subdued on Friday as investors reacted to disappointing earnings reports from major tech companies Tesla and Netflix. Additionally, the upcoming week was anticipated to be eventful due to central bank interest rate decisions. Date: July 21, 2023 Place: New Delhi, India The MSCI World index, representing global shares, maintained its position after…
The U.S. stock market largely maintained its growth trajectory on Friday, driven by easing inflation and a mix of corporate earnings reports. The U.S. dollar, concurrently, lingered near its lowest levels in 15 months. The inflation data unveiled this week sparked investor confidence that the Federal Reserve might soon conclude its interest rate hike phase….
The US dollar fell to a three-month low ahead of the release of the US inflation report, which could confirm suspicions that the Federal Reserve is close to terminating its rate-hike campaign. Date: July 12, 2023 Place- New Delhi, India Dollar Index Plummets, Echoes of a Faltering Tightening Campaign On Wednesday, The Bloomberg Dollar Spot…
Date: May 25, 2023 In a staggering turn of events, global stock markets witnessed a widespread tumble today as concerns over a potential US debt default sent shockwaves through the financial world. Investors around the globe are grappling with the increasing likelihood of the United States defaulting on its debt obligations, leading to a widespread…
The Federal Reserve’s policy meeting minutes from March revealed that officials are worried about the financial crisis and the high inflation, which led to a decline in US markets on Wednesday. At 4,092.28, the S&P 500 fell by 0.40 percent. At 33,652.63, the Dow Jones Industrial Average decreased by 0.10%. At 11,931.13, the Nasdaq Composite…
