The 'dot-plot' forecast of FOMC's median forecast suggested three rate hikes in 2022, revised up from one earlier
Rate hike signal intensifies sell-off; Sensex down 6.5% in 7 sessions
A day after Fed flagged that it was ready to start lifting rates in March to contain inflation, money markets moved to price in as many as five quarter-point increases by year-end
LONDON (Reuters) - Oil traded at a seven-year high of about $90 a barrel on Thursday as the Ukraine crisis supported prices despite signs that the U.S. Federal Reserve will tighten monetary policy.
(Reuters) - Gold prices extended losses to an over one-week low on Thursday as the U.S. dollar and Treasury yields rallied after U.S. Federal Reserve Chairman Jerome Powell signalled an interest rate hike in March.
The US Federal Reserve has indicated that they will begin hiking interest rates in the near future and that there will be multiple rate hikes this year.
Sectorally, the Nifty PSU Bank index jumped a massive 5 per cent on the NSE, while the Nifty Bank and Private Bank indices added about a per cent each
Oil prices fell on Thursday as the US dollar strengthened following signs that the Federal Reserve will tighten monetary policy soon in the world's biggest oil user
SHANGHAI (Reuters) - Asian shares plunged to their lowest in nearly 15 months, short-term U.S. yields hit 23-month highs and the dollar strengthened on Thursday after the Federal Reserve's chairman signalled plans to steadily tighten policy.
Business Standard caught up with Vaibhav Sanghavi, Co-CEO, Avendus Capital Public Markets Alternate Strategies on what the street expects from Budget and impact of US Fed policy on emerging markets
The government is likely to put several non-strategic public sector undertakings on the block next year. More on that in top headlines.
Central bank signals likely to raise rates in March; stocks slide into negative territory after Powell remarks
The Dow Jones Industrial Average fell 129.64 points, or 0.38%, to 34,168.09, the S&P 500 lost 6.52 points, or 0.15%, to 4,349.93
Wall Street's main indexes climbed after two turbulent sessions and ahead of the outcome of a Federal policy meeting, with a stellar outlook from Microsoft boosting technology stocks
U.S. S&P futures jumped 1.34%, indicating a stronger open on Wall Street, after the S&P 500 index lost 1.22% in the previous session.
MSCI's broadest index of Asia-Pacific shares outside Japan was unchanged, after sharp losses earlier in the week
"Gold's resilience of late is set to be tested by the latest policy signals emanating from the FOMC today," said Extinity analyst Han Tan.
Global shares were mixed on Wednesday, with many investors staying on the sidelines ahead of an update on how aggressively the Federal Reserve will tackle inflation. France's CAC 40 added nearly 1.0 per cent in early trading to 6,903.90, while Germany's DAX gained 1.2 per cent to 15,309.64. Britain's FTSE 100 rose 1.2 per cent to 7,461.86. The future for the Dow industrials climbed 0.3 per cent to 34,287.00. The S&P 500 future was 0.4 per cent higher at 4,367.50. Stocks have gyrated this week as markets focused on whether the US central bank will clarify just how fast it plans to tighten credit and potentially slow the economy. The Fed's two-day meeting wraps up on Wednesday. At the same time, tensions over the Russia and Ukraine tensions continue to grab attention. Ukraine's leaders have reassured their country that an invasion from neighbouring Russia is not imminent but acknowledged the threat is real and received a shipment of US military equipment to shore up their ...
By Stella Qiu and Alun John
The Fed is expected on Wednesday to keep its benchmark overnight interest rate unchanged at the near-zero level