Page 46 - Raphael Bostic News Today

US hiring rose much more than expected last month, according to government data published Friday, increasing the chances that the Federal Reserve will remain on pause for longer as it weighs when to start cutting interest rates.

Bowman said that it’s possible more hikes could be needed, rather than the cuts the market is expecting.

A slew of inflation data is due out next week, including the consumer price index (CPI) and producer price index (PPI) for March. The meeting minutes from the Federal Open Market Committee's (FOMC) will be in focus as well, as investors continue to debate the future of interest rates.

The Pound Sterling posted solid gains against the Greenback on Wednesday after bouncing from a seven-week low of 1.2539 on Tuesday.

The Aussie Dollar posted solid gains against the US Dollar on Wednesday, boosted by falling US Treasury yields and a soft US Dollar.

European stocks may open flat to slightly higher on Thursday amid bets that policymakers at the Fed, ECB and BOE will cut rates at their June meetings. Fed officials will likely reduce their benchmark interest rate later this year, Chair Jerome Powell said Wednesday but nevertheless emphasized the need for more evidence that inflation is easing.

MUMBAI: The Indian rupee may drop to a record low at the open on Thursday despite Federal Reserve Chair Jerome...

Powell reaffirmed in a speech on Wednesday that the Fed will stick to its wait-and-see approach as it considers when to start cutting rates given the continued strength of the U.S. economy and recent higher-than-expected inflation data.

Indian shares may open slightly higher on Thursday as investors react to positive global cues and await this week's RBI policy meeting for directional cues. The upside may remain limited and profit taking at higher levels cannot be ruled out due to lingering geopolitical tensions.

Powell reaffirmed in a speech on Wednesday that the Fed will stick to its wait-and-see approach as it considers when to start cutting rates given the continued strength of the U.S. economy and recent higher-than-expected inflation data.