Page 10 - March Fed News Today : Breaking News, Live Updates & Top Stories | Vimarsana

Global growth is set to stay resilient this year and only pick up pace a bit in 2025, according to a Reuters poll of economists, a stable outlook at odds with still-relatively aggressive interest rate cut bets in financial markets. Economists more broadly are optimistic, however, there will not be a resurgence in inflation now most central banks have got price pressures down close to where they want them. The Jan. 3-25 Reuters polls covering 48 economies showed economists forecasting global growth at an average 2.6% in 2024: not boom times, but not recession either.

There has been a notable repricing regarding the Fed’s future course of action since the beginning of 2024. From fully pricing in a 25bps cut in March, investors are now assigning around a 50% for such a move, despite former St. Louis Fed President James Bullard recently saying that he expects the Committee to start lowering interest rates as soon as March.

Stock market today: Nifty 50 and Sensex fell about a per cent each in morning trade on Thursday on profit booking in most stocks.

A strong U.S. economy and pushback from central bank officials is leading some investors to rethink their bets on how quickly the Federal Reserve will cut rates this year, a shift that is rippling through Treasury and foreign exchange markets even as stocks sit near record highs. Expectations that the Fed would ease monetary policy in 2024 after its most aggressive tightening cycle in decades fueled an explosive rally in stocks and bonds in the final months of last year, boosting the S&P 500 to an annual gain of more than 24%. Investors still believe rate cuts are coming, but some have ...

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