James Knightley, Chief International Economist, ING, says we may get a bit more information on the glide path to where we may end up in terms of interest rates at Jackson Hole. In June the Fed was saying only one rate cut this year. This will allow laying out the case whether the market’s pricing … Read more
“I am expecting a 25 basis point, not because the markets do not need more, it is just that an extreme move like a 50 basis point might really scare the markets and that is definitely not what the Federal Bank is trying to achieve,” says Farah Mourad, Senior Market Analyst, Equiti Group.Now promising data … Read more
“In a generation seemingly fixated on the allure of rapid 10% returns in minutes through exotic Futures and Options trading, it is crucial to contemplate long-term financial well-being,” says Rajesh Cheruvu – MD and CIO, LGT Wealth India. In an interview with ETMarkets, Cheruvu said: “The timeless principles of buy and hold and the remarkable … Read more
Year-over-year inflation reached its lowest level in more than three years in July, the latest sign that the worst price spike in four decades is fading and setting up the Federal Reserve for an interest rate cut in September. Wednesday’s report from the Labor Department showed that consumer prices rose just 0.2% from June to … Read more
SYDNEY: Asian stocks got the week off to a quiet start on Monday as a holiday in Japan removed one source of recent volatility, and investors hunkered down for major U.S. and Chinese economic data for an update on global growth prospects. Key for the Federal Reserve will be U.S. consumer prices on Wednesday where … Read more
Japan’s benchmark Nikkei 225 stock index plunged 6.7% early Monday before recovering some lost ground, extending sell-offs that began last week. The Nikkei had shed more than 2,400 points to 33,488.08 about a half-hour after opening. By about an hour after trading began, the index was down 5.3%, or about 1,900 points, at 34,010.69. Stocks … Read more
Spot gold closed with a loss of 0.23% at $2440 on Friday. However, the metal was up 2.30% on the week, a data and event packed week, as the US yields and the Dollar Index pummeled on the economic concerns. In Friday’s session, initially, spot gold surged on a weak non-farm payroll report and came … Read more
SYDNEY: Asian shares bounced on Monday ahead of a week packed with earnings and a trio of central bank meetings that could see the United States and UK open the door to easing, while Japan might lift borrowing costs in a step toward “normality”. Also due is the U.S. jobs report for July, closely watched … Read more
Ajay Bagga, market expert, says there will be one more data set for the Fed and probably the August data as well, before they meet on 18th September. It is better to wait and watch. They have been quite clear in saying that the whole thing is meeting to meeting data-driven. The big difference yesterday … Read more
Washington, Jul 10, 2024 -The US central bank will not want to wait for inflation to cool to its two percent target before considering a rate cut, Federal Reserve Chair Jerome Powell told lawmakers Wednesday. “We’ve said that you don’t want to wait until inflation gets all the way down to two percent, because inflation … Read more
