Page 81 - Us Fed News Today

Nine of the 11 major S&P sectors advanced in early trading, with technology and consumer discretionary stocks climbing the most.

At a time, when far too much hope is riding on Powell, perhaps it is only pertinent to take a look back at another Federal Reserve Chair who took the inflation Goliath head-on and managed to vanquish it.

US Federal Reserve Chairman Jerome Powell said on Wednesday he would support a quarter-percentage point rate increase at the central bank’s March policy meeting to tame runaway in the country. Meanwhile, on the other side of the Pacific, China’s central bank is widely expected to maintain a steady monetary policy with flexible easing if necessary.

The future of inflation has a green hue

Analysts expect India’s stock markets to take a beating.

Signs of an overheating US economy may push the central bank to raise rates more aggressively, on top of the need to bring its bloated balance sheet under control. Unemployment will rise in a trade-off, but the question is by how much.

FPIs withdrew Rs 10,080 crore from equities, Rs 4,830 crore from the debt segment and Rs 24 crore from hybrid instruments, according to depositories' data.

Benchmark Treasury yields lost ground, and German bond yields backed off the 2018 highs struck on Thursday. Gold and oil prices rose.

Oil prices were steady on Thursday as markets weighed the possibility of an aggressive and unforecast rate hike for a steeper rise in energy demand. Get more Markets News and Business News on Zee Business.

Bond markets are overreacting to the climate of extreme hawkishness created in part by the speed and aggressiveness of leading central banks’ shift to monetary tightening. The self-induced market rout only adds to the risk of a policy mistake.