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Latest Articles in federal reserve

Fed Opts For 75 Bps Hike, Flags Weakening Economic Data

Coming on top of a 75-basis-point hike last month and smaller moves in May and March, the Fed has raised its policy rate by a total of 225 basis points this year as it battles a 1980s-level breakout of inflation with 1980s-style monetary policy

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Wall Street Rallies To Close Higher After Fed Statement

The Dow Jones Industrial Average rose 303.7 points, or 1 per cent, to 30,668.53, the S&P 500 gained 54.51 points, or 1.46 per cent, to 3,789.99 and the Nasdaq Composite added 270.81 points, or 2.5 per cent, to 11,099.16

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Federal Reserve's Biggest Rate Hike Since 1994, Flags Slowing Economy

U.S. stocks pared gains immediately following the release of the statement and economic projections in choppy trading. U.S. Treasury yields rose while the U.S. dollar gained against a basket of currencies

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Wall Street Rallies As Fed Minutes Meet Expectations

The Dow Jones Industrial Average rose 191.66 points, or 0.6 per cent, to 32,120.28, the S&P 500 gained 37.25 points, or 0.95 per cent, to 3,978.73 and the Nasdaq Composite added 170.29 points, or 1.51 per cent, to 11,434.74

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Fed's Evans Wants Smaller U.S. Rate Hikes By July Or Sept

The Fed has raised interest rates by three-quarters of a percentage point so far this year, including a bigger-than-usual half-point hike earlier this month that lifted short-term borrowing costs to a range of 0.75-1 per cent

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Dollar Eases Again Amid Monetary Tightening By U.S. Federal Reserve

The currency's strength is widely expected to remain a driving force across financial markets in 2022 as the U.S. Federal Reserve implements a new cycle of monetary tightening

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Powell Says Fed Will Fix Inflation, Calls Price Stability 'Bedrock' Of Economy

With "perfect hindsight," Powell said, it "would have been better" to have begun raising rates earlier than March of this year, given inflation began a sharp turn higher in 2021

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U.S. Consumer Price Gains Slow But Inflation Still Hot

The consumer price index increased 0.3 per cent last month, the smallest gain since last August as gasoline prices fell 6.1 per cent after soaring 18.3 per cent in March. That stood in sharp contrast to the 1.2 per cent month-to-month surge in the CPI in March, which was the largest advance since September 2005

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Wall Street Extends Losses As Investors Fear Tougher Fed Tightening

The tech-heavy Nasdaq registered its lowest close since 2020, notching a fifth straight weekly loss, its longest losing streak since the fourth quarter of 2012. The S&P 500 also posted its fifth straight weekly loss, its longest string of weekly losses since the second quarter of 2011

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Benchmark Indices Extend Losses After RBI's Rate Hike; All Eyes On Fed Now

Post the announcement of rate hike by RBI governor, benchmark indices extended their losses by more than 2 per cent. The 30-share pack fell 1,306.96 points or 2.29 per cent to 55,669.03. Its broader peer NSE Nifty lost 391.50 points or 2.29 per cent to close below the 16,700 mark

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Wall Street Up Before Fed Meet As Tech Buying Punctuates Volatile Trade

The gathering of U.S. central bank policymakers is widely expected to raise interest rates by half a percentage point, with this week's move expected to kick off a period of aggressive rate hikes to counter inflation

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Fed's Hawkishness Keeps Equity Benchmarks In Red

The 30-share Sensex fell 575.46 points or 0.97 per cent to settle at 59,034.95 while its broader peer NSE Nifty fell 168.10 points or 0.94 per cent to settle at 17,639.55

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D-street Bulls Struggle Against Weak Global Cues, Inflation Woes

The 30-share pack Sensex declined 566.09 points or 0.94 per cent to close at 59,610.41. Its broader peer NSE Nifty fell 149 points or 0.83 per cent but managed to close above the 17,800 mark

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Equity Benchmarks Recover Sharply After Initial Slump

The 30-share pack Sensex climbed 696.81 points or 1.22 per cent to close at 57,989.30. Its broader peer NSE Nifty rose 197.90 points or 1.16 per cent to 17,315.50

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Jerome Powell Gets More Hawkish

Inflation by the Fed's preferred gauge is three times the central bank's 2 per cent goal, pushed upward by snarled supply chains that have taken longer to fix than most had expected and that could get worse as China responds to new COVID-19 surges with fresh lockdowns

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