Page 24 - Us Fed News Today

Rise in Asian currencies follows soft US inflation, hinting at a possible end to the Federal Reserves rate-hike cycle

“We have fairly large positions in the railways, in capital goods, some in pharma and more as a turnaround story. I like banks and NBFCs. MFIs have been doing really well. So, essentially the infrastructure related, real estate infrastructure, capital goods, railways, is the space where things are looking really interesting.”

Inflation in the U.S. slowed last month in a sign that the Federal Reserve's interest rate hikes are continuing to cool the consumer price spikes.

Both the S&P 500 and the tech-heavy Nasdaq were at a two-month high after data showed that US consumer prices were unchanged in October amid lower gasoline prices

Data showed US consumer prices were unchanged in October amid lower gasoline prices, while underlying inflation showed signs of slowing.

By Ashitha Shivaprasad and Anushree Ashish Mukherjee Gold prices gained on Tuesday as the dollar and Treasury yields retreated after softer-tha..

In the current scenario, experts believe that there could be an enhanced focus on safe-haven assets such as gold and US dollars. On the other hand, the debt market attracted Rs 6,053 crore in the period under review after receiving Rs 6,381 crore in October, data showed.

Speaking at a separate event, Richmond Fed President Thomas Barkin noted that it "remains to be seen" if further tightening will be warranted, particularly with the economy growing at a 4.9% clip last quarter.

The US Federal Reserve is prepared, if needed, to hike interest rates further in order to bring inflation down to its long-term two percent target, Fed Chair Jerome Powell said Thursday.

Its recent Quick Takes says inflation dipped even as unemployment had stayed low, which means growth may be driven by productivity and is therefore disinflationary