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Fed cuts rate along expected lines; FOMC outlook, hinting at fewer reductions ahead, sends Dow Jones plunging 1,123 pts

Fed cuts rate along expected lines; FOMC outlook, hinting at fewer reductions ahead, sends Dow Jones plunging 1,123 pts

Thu, Dec 19, 2024

Federal Reserve Chair Jerome Powell announced a 25-basis-point reduction in the key US interest rates on Wednesday. However, the Federal Open Market Committee's rate cut outlook, suggesting fewer reductions than anticipated earlier, disappointed Wall Street. The Dow Jones Industrial Average crashed 1,123 points, or 2.6 per cent, to settle at 42,326.9 after the news. Read on to catch highlights of the Fed's last scheduled policy review of 2024.

Jerome Powell says Fed will likely cut rates cautiously given persistent inflation pressures

Jerome Powell says Fed will likely cut rates cautiously given persistent inflation pressures

Fri, Nov 15, 2024

At the same time, he said, the economy is strong, and the policymakers can take time to monitor the path of inflation.

Fed surprises economists with better-than-expected 50 bps rate cut; what next?

Fed surprises economists with better-than-expected 50 bps rate cut; what next?

Thu, Sep 19, 2024

Lowering the funds range, the benchmark lending rate, by half a percentage point, the US central bank exuded confidence that inflation will keep receding to its annual goal of 2 per cent.

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What Jerome Powell's Jackson Hole remarks mean for Dalal Street investors

What Jerome Powell's Jackson Hole remarks mean for Dalal Street investors

Sat, Aug 24, 2024

Fed Chair Jerome Powell's remarks, suggesting rate hikes going forward, in his much-anticipated speech at the annual Jackson Hole symposium in Wyoming, United States, sent equities soaring on Wall Street. The Dow Jones, the S&P 500, and the tech-heavy Nasdaq Composite climbed 1.1-1.5 percent, taking positive cues from Powell's keynote address.

Inflation pressures lingering from pandemic are keeping Fed rate cuts on pause

Inflation pressures lingering from pandemic are keeping Fed rate cuts on pause

Wed, May 29, 2024

A key reason for the delay in rate cuts is that the inflation pressures that are bedeviling the economy are being driven largely by lingering forces from the pandemic — for items ranging from apartment rents to auto insurance to hospital prices.

Fed leaves rates unchanged, flags 'lack of further progress' on inflation

Fed leaves rates unchanged, flags 'lack of further progress' on inflation

Thu, May 02, 2024

Fed meeting news, Fed rate decision news: The US Federal Reserve held interest rates steady on Wednesday and signaled it is still leaning towards eventual reductions in borrowing costs, but put a red flag on recent disappointing inflation readings that could make those rate cuts a while in coming.

No hurry to cut interest rates, US Fed Chair indicates

No hurry to cut interest rates, US Fed Chair indicates

Sat, Mar 30, 2024

Meanwhile in India, the RBI Monetary Policy Committee (MPC) is set to kick start its three-day meeting deliberating interest rates and analysing the state of the economy on April 3 and will end on April 5.

Signs of Strength in Global Markets | Is Jerome Powell's Statement a Game Changer ?

Signs of Strength in Global Markets | Is Jerome Powell's Statement a Game Changer ?

Fri, Mar 22, 2024

Editor's Take | Signals of strength from global markets – What to do in the remaining 3 trading sessions of March? Is Jerome Powell's statement a Game Changer for the global market? Know from Anil Singhvi.

Fed meeting: Jerome Powell says balance sheet drawdown taper coming soon

Fed meeting: Jerome Powell says balance sheet drawdown taper coming soon

Thu, Mar 21, 2024

Fed meeting: The Federal Reserve is nearing a decision on slowing the pace of its balance sheet run-off, central bank Chair Jerome Powell said on Wednesday, a tapering move that may allow it to shed more bonds than it once expected.

Fed keeps rates unchanged, Jerome Powell hedges on possible end of tightening campaign

Fed keeps rates unchanged, Jerome Powell hedges on possible end of tightening campaign

Thu, Nov 02, 2023

Powell said the better course of action for now, given the uncertainties, was to maintain the Fed's benchmark overnight interest rate in the current 5.25 per cent-5.50 per cent range, and see how job and price data evolve between now and the next policy meeting in December.

Strong economy may need more restraint, but bond markets are helping: Jerome Powell

Strong economy may need more restraint, but bond markets are helping: Jerome Powell

Fri, Oct 20, 2023

Powell in remarks to the Economic Club of New York agreed "in principle" that the rise in yields was helping to further tighten financial conditions and "at the margin" might lessen the need for additional Fed rate increases.

Economy still working through the impact of the pandemic: Fed's Jerome Powell

Economy still working through the impact of the pandemic: Fed's Jerome Powell

Tue, Oct 03, 2023

Jerome Powell did not comment on current monetary policy or the economic outlook in brief opening remarks.

Fed keeps rates steady, toughens policy stance as 'soft landing' hopes grow

Fed keeps rates steady, toughens policy stance as 'soft landing' hopes grow

Thu, Sep 21, 2023

The Fed's benchmark overnight interest rate may still be lifted one more time this year to a peak 5.50 per cent-5.75 per cent range, according to updated quarterly projections released by the US central bank, and rates kept significantly tighter through 2024 than previously expected.

US economy's solid growth could require additional Fed hikes to fight inflation: Federal Reserve Chair Jerome Powell

US economy's solid growth could require additional Fed hikes to fight inflation: Federal Reserve Chair Jerome Powell

Fri, Aug 25, 2023

The continued resilience of the U.S. economy could require further interest rate increases, Federal Reserve Chair Jerome Powell said Friday in a closely watched speech that also highlighted the uncertain nature of the economic outlook.

"Jerome Powell's Jackson Hole Speech: Market Anticipation & Concerns FederalReserve"

"Jerome Powell's Jackson Hole Speech: Market Anticipation & Concerns FederalReserve"

Fri, Aug 25, 2023

What will Fed Chairman Jerome Powell say in Jackson Hole today? What does StockMarket want to hear from Jerome Powell? What is the market waiting for? Is there any fear troubling the market? - Know full details

Fed raises benchmark US interest rates, leaves door open to another hike

Fed raises benchmark US interest rates, leaves door open to another hike

Wed, Jul 26, 2023

As it stated in June, the Fed said it would watch incoming data and study the impact of its rate hikes on the economy "in determining the extent of additional policy firming that may be appropriate" to reach its 2 per cent inflation target.

Fed July meeting HIGHLIGHTS: Jerome Powell-led FOMC decides to hike key rates by 25 bps as widely expected

Wed, Jul 26, 2023

Fed meeting HIGHLIGHTS: The Federal Reserve Chairman Jerome Powell-led Federal Open Market Committee (FOMC) — the US central bank's benchmark interest rate-deciding panel — decided to raise US interest rates by a quarter of a percentage point on July 26, citing still elevated inflation as a rationale for what is now the highest US central bank policy rate in 16 years. The latest rate hike, following a pause in June after 10 back-to-back increases, is the Fed's 11th in its last 12 meetings, taking the benchmark overnight interest rate to the 5.25-5.50 per cent range.

Fed may not repeat status quo in fight against inflation: Key takeaways from minutes of FOMC June 2023 review

Fed may not repeat status quo in fight against inflation: Key takeaways from minutes of FOMC June 2023 review

Thu, Jul 06, 2023

At its June meeting, the FOMC — the Fed's rate-deciding panel — agreed to leave the key lending rate unchanged while signaling that borrowing costs may still need to rise by as much as half a percentage point by the end of the year. The decision came amid the central bank's ongoing struggle to tame sticky red-hot inflation without hurting economic growth.

Money Guru: Strong market boom, how to earn on Lifehigh?

Money Guru: Strong market boom, how to earn on Lifehigh?

Wed, Jun 28, 2023

Market After Lifehigh: Why is this Life High of the market special? How did Life High increase confidence in India's growth story? On what basis did Nifty make Life High? How much power in domestic companies? Life High has become, will the boom continue? 'Blue Sky Zone' for market boom? Where is the shock possible, where to be careful?

Fed's Powell, in testimony, says inflation fight has "long way to go"

Fed's Powell, in testimony, says inflation fight has "long way to go"

Thu, Jun 22, 2023

The Federal Reserve's fight to lower inflation back to its 2 per cent target "has a long way to go," Federal Reserve Chair Jerome Powell said on Wednesday in testimony prepared for delivery to the House Financial Services Committee.

Fed holds benchmark US interest rate, sees two small hikes by end of year

Fed holds benchmark US interest rate, sees two small hikes by end of year

Wed, Jun 14, 2023

The Fed's rate-setting panel, the Federal Open Market Committee, issued a unanimously decided policy statement at the end of its latest two-day meeting.

Fed meeting HIGHLIGHTS: After 10 back-to-back hikes, FOMC decides unanimously to leave key US interest rate unchanged

Wed, Jun 14, 2023

Fed meeting HIGHLIGHTS: Federal Reserve Chairman Jerome Powell-led Federal Open Market Committee (FOMC) announced its first pause in the benchmark US interest rate since March 2022, when the US central bank began its post-COVID cycle of aggressive policy tightening. The US central bank’s decision on the key interest rate — formally known as the Fed funds rate, which currently stands at 5-5.25 per cent, comes a day after data showed steadily easing inflation in the world's largest economy, supporting bets on a pause in rates for now. Catch key takeaways from the June FOMC meeting review and what to make of Fed Chair Jerome Powell’s remarks, and much more, only on Zeebiz.com's blog.

US Fed's Twitter Financial Sentiment Index, What Is It & What Does It Tracks?

US Fed's Twitter Financial Sentiment Index, What Is It & What Does It Tracks?

Wed, May 24, 2023

What is the US Fed's Twitter Financial Sentiment Index? How was this index created? How will this index track market sentiment? Will it be able to predict the increase in Fed's interest rates? Know in this video.

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