Page 5 - Fomc News Today

Markets see no change in interest rates from the Fed on May 1. The question is when in 2024 rate cuts might come, but that will likely depend on incoming inflation data.

Trends in the GIFT Nifty indicate a positive start for the broader index in India, with a gain of 117 points or 0.52 percent.

The Atlanta Fed said inflation is falling much more slowly than expected, so the Fed will probably not cut rates until the end of the year. | Economy

Federal Reserve Bank of Cleveland President Loretta Mester expressed her anticipation of rate cuts later this year, possibly starting at the June policy meeting, if economic conditions permit. She emphasized the importance of data and cautioned against premature easing, noting revised growth expectations and the possibility of higher unemployment rates.

The Job Openings and Labor Turnover Survey from the Labor Department on Tuesday showed there were 1.36 vacancies for every unemployed person in February, down from 1.43 in January

This white-grey metal offers robust protection against inflation as well as downside risks due to its high utility and store of value. While its price often moves in tandem with gold, silver tends to be more volatile. With the current uptrend in silvers price, it is also expected to reach an all-time high level soon.

As expected, at its recently concluded March meeting, the Fed stood pat on interest rates. Of greater interest, the "dot-plot", skewed much more to the hawkish side.

KUALA LUMPUR: The ringgit strengthened against the US dollar in early trade today as investors took a breather ahead of the release of the US Consumer Price Index (CPI) data later today, an analyst said.

In October of last year, the 10-year Treasury yield in the U.S. experienced a significant surge, reaching as high as 5 percent. This surge was attributed to uncertainties surrounding monetary policy and apprehensions regarding increased treasury issuances aimed at funding the government deficit. The Fed left its policy rate unchanged at 5.25-5.50 percent in September, but penciled in another rate hike in its dot-plots to address the upside risk of inflation. The U.S. Department of the Treasury ...

There were several important news events this week including the Fed’s January minutes. But this took a back seat to Nvidia’s blowout top and bottom-line numbers.