Page 26 - Us Fed News Today

Governments with already existing fiscal imbalances are the ones hurt the most and finding themselves at the brink of default amid a secular rise in interest rates across geographies

With the US Fed’s short-term interest rate at 5.25-5.50 per cent and India’s benchmark rate at 6.50 per cent, the differential has narrowed to a historical low of just 125 basis points

The US Fed kept interest rates on hold, and its chairman looked content with the economys soft landing. Following the decision, the dollar index softened, and the 10-year bond yield fell to 4.70.

Sensex, Nifty: The US Fed tried to deliver a hawkish hold but Wall Street was not expecting an additional tightening to happen in this cycle. The odds for a quarter-point rate rise by the end of January fell to 29 per cent, analysts noted.

"Powell actually did not get specifically focused on GDP but he did mention a couple of times that they are very satisfied with the economy doing better than expected, indeed he said doing better than anyone expected, that nevertheless inflation has been continuing to moderate. They are actually very happy with this combination of strong growth with low unemployment with inflation coming down."

The US Fed, as expected, left rates unchanged but is now taking a more balanced approach. Analysts expect a long pause from the American central bank

The net short position of FIIs increased from 1.57 lakh crore on Tuesday to Rs 1.62 lakh crore on Wednesday.

The Fed held policy rates steady in the 5.25%-5.50% range on Wednesday, with Powell saying that inflation had been coming down and pondering further rate hikes.

Business News: The US Federal Reserve held interest rates at a 22-year high for a second straight meeting, while suggesting that the recent rise in Treasury yields m

Bitcoin has more than doubled this year in part on bets that the Securities and Exchange Commission may approve applications from the likes of BlackRock Inc. to start the first US ETFs investing directly in the token.