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The market is likely to get into some momentum after the rangebound trade seen in previous seven trading sessions, by taking cues from several global and domestic factors, experts said.

Pound US Dollar Exchange Rate Slumps

Even as the earnings season is playing out to script, global macroeconomic factors could linger a while. The US 10-year yield touched 5 percent as the Fed looks to extend its monetary tightening. For India, the bigger worry could be a spike in crude price if the Middle East tension continues to be on the boil

Fed Research on Student Loan Payments and Household Wealth; Powell Speech at Economic Club of New York Is in Focus By James Christie Good day. Research from the Federal Reserve Bank of New York...

"We are attentive to recent data showing the resilience of economic growth and demand for labor. Additional evidence of persistently above-trend growth, or that tightness in the labor market is no longer easing, could put further progress on inflation at risk and could warrant further tightening of monetary policy," Powell said in remarks to the Economic Club of New York.

Federal Reserve Chairman Jerome Powell indicated the Fed would keep interest rates steady at its next meeting but left the door open to hikes in following months if needed to curb inflation.

A much-anticipated speech by Federal Reserve Chairman Jerome Powell was delayed after a group of climate protesters stormed the stage.

The conflict in Gaza continues to attract flows into gold, until there is some type of ceasefire or de-escalation of the conflict, gold is going to hover above the $1,900 range, said Everett Millman, chief market analyst at Gainesville Coins.

Yield on the 10-year Treasury note edged higher on Monday at 4.6371%, touching 16-year highs again, while the yield on the 2-year note, which best reflects interest rate expectations, remained above 5%. "The Fed has said that their target is still 2% and they are still long ways away from getting inflation really going in the direction that they want," said Russell Hackmann, President of Hackmann Wealth Partners.

August 25, 2023- Federal Reserve Chair Jerome H. Powell gave a speech at "Structural Shifts in the Global Economy," at the economic policy held in Jackson Hole, Wyoming. ...