Page 25 - Us Fed News Today

The U.S. Federal Reserve (Fed) may have finished raising interest rates to battle inflation but probably won't cut them in the short term, a senior...

The regulator is looking into whether the bank has sufficient controls in place to prevent rich foreign customers from laundering money, the Journal’s report added.

"I think one has to realise that ebbs and corrections will be part of every structural bull run and investors lifecycle. To make money in the markets, you have to stay the course. Frequent trading and churning should be avoided. Investing is also called “Going Long”, therefore, one has to stay invested for the long term."

Jerome Powell also says that the Federal Reserve expect GDP growth to be moderate in coming quarters, but it remains to be seen

Mid-cap and small-cap space will always be a stock pickers’ playground. This is because most of the exciting sectors where we expect high growth are represented only in the mid and small space, says Mihir Vora of TRUST Mutual Fund.

KUALA LUMPUR: The ringgit opened marginally higher against the US dollar as markets continue to assess whether the Federal Reserve (Fed) would pivot following the latest jobs market report last week, said an analyst. 

The Chief Investment Officer of Franklin Templeton Fixed Income is of the view that India’s time to attract foreign flows in its fixed income markets has come with the countrys inclusion in the JP Morgan Global Bond Index. She believes that interest rates have not peaked yet; we’re still a year away from seeing the first cut by the US Fed in this cycle

Spot gold was down 0.5% at $1,983.59 per ounce at 10:46 a.m. ET (1546 GMT) after rising above the key $2,000 level on Friday. U.S. gold futures fell 0.4% to $1,990.40.

In the Sensex pack, Tata Motors was the top gainer, rising nearly 3% as the firm reported a net profit of Rs 3,764 crore for the quarter ended September 2023, against a net loss of Rs 945 crore a year ago. Meanwhile, Tech Mahindra, Infosys, ICICI Bank, M&M, HCL Tech, and Wipro also opened higher.

The rupee is expected to remain in the same range as RBI continues to sell $ and protect rupee from any depreciation beyond 83.30