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Federal Reserve Bank of Minneapolis President Neel Kashkari said interest-rate cuts may not be needed this year if progress on inflation stalls, especially if the economy remains robust ....
Indian equity indices traded higher ahead of the US Federal Reserve s policy decision and commentary. BSE Sensex and Nifty50 showed marginal gains. L&T shares fell on weak December quarter profit and rising logistics costs. Nifty Bank index dropped due to Kotak Bank. The focus is on Fed Chair Jerome Powell s press conference. US job openings unexpectedly increased, giving the Fed room to keep rates higher. Experts expect first rate cut in June 2024. Asian shares fell, while oil prices and Indian rupee declined. ....
Indian benchmark indices hit another peak in intra-day deals today with both the Sensex and the Nifty up over a percent each after the US Fed signaled that its interest rate-hiking policy is at an end and it will cut rates in 2024. ....
Nifty and Sensex hit record highs in trade today after the US Fed signaled that its interest rate-hiking policy is at an end and it will cut rates in 2024. Amid the rally, brokerages have come out with a bearish view (sell/reduce calls) on three stocks. ....
The next cue for markets is the Federal Reserve s December policy outcome, which is expected later in the day. While the US central bank is expected to hold rates, its commentary will be closely tracked for clues to the rate-cut path ....