Indian stock market: The domestic equity indices are expected to open higher on Thursday following positive global market cues. Asian markets traded higher, with the Nikkei hitting fresh all-time highs, while the US stock indices also closed at record levels overnight, supported by the outcome of the US Federal Reserve’s monetary policy meeting. The Fed … Read more
The stock market appears to be enjoying an early Christmas, and a Santa Claus rally may be just around the corner. The Federal Reserve held the fed funds rate unchanged for the third time in December 2023. The rate range stands at 5.25%-5.5% having risen from near zero about 20 months back. The markets got a … Read more
The Indian rupee surged against the US dollar while the 10-year government bond yields dropped on Thursday after a dovish US Federal Reserve outcome raised hopes of more interest rate cuts next year. The rupee opened 13 paise higher at 83.27 a dollar as compared to previous close of 83.40. The 7.18%, 2033 10-year G-Sec … Read more
US Fed Meeting News Live Today: The US Fed FOMC is to announce rate hike decision shortly Markets are cautiously awaiting the 12.30 AM (IST) release of the FOMC’s Summary of Economic Projections (SEP) followed by Chair Powell’s presentation 30 minutes later. José Torres, Senior Economist at Interactive Brokers has a message for investors and … Read more
US CPI Data and Fed Rate Hike Live Updates: Global investors are in for a pivotal week, as a key measure of inflation, the US CPI data releases today and the Federal Reserve’s interest-rate decision is to be announced on Wednesday, December 13. Both these key events are expected to set the tone for the … Read more