Page 25 - Us Federal Reserve

Asian markets skid on jitters over future US Federal Reserve action

Asian markets skidded on Monday, with Japan's Nikkei 225 index down 3.4%, after a sell-off Friday on Wall Street gave the S&P 500 its worst weekly loss since February. Investors are still recalibrating their moves after the Federal Reserve's signal last week that it may raise current ultra-low rates sooner than had been expected. That gave the Dow Jones Industrial Average its worst weekly loss since last October. Part of the Fed's mission is to keep prices under control. The fear is that burgeoning inflation may prompt central banks to dial back the lavish support that has lifted markets to new highs after they plunged at the onset of the coronavirus pandemic last year. Until its latest policy meeting, last week, the Fed had indicated it viewed recent price hikes as transient and would let the recovering economy run hot. Now it's forecasting raising interest rates twice in 2023. The shift to an earlier timeline for a rate hike, accompanied with an upward revision in core inflation

Dollar holds near multi-month high after US Federal Reserve's hawkish tilt

The dollar held near multi-month peaks against other major currencies on Monday, after the US Federal Reserve surprised markets last week by signalling it would raise interest rates

Fed's Neel Kashkari opposed to rate hikes at least through 2023

(Reuters) - Minneapolis Federal Reserve President Neel Kashkari said on Friday he wants to keep the U.S. central bank's benchmark short-term interest rate near zero at least through the end of 2023 to allow the labour market to return to its pre-pandemic strength.

Dow Jones falls 400 points after Fed official sees rate hikes in 2022

St. Louis Federal Reserve President James Bullard said he expects the first interest rate increase the Fed could make could come as soon as 2022

As US Federal Reserve fallout fades, stocks left hanging near highs

The pan-European STOXX index of shares eased 0.19% to 458.50 points, barely below Monday's record high of 460.51.

Asian shares mostly rise as markets digest US Fed's rate signals

Asian shares mostly rose Friday, as investors digested the latest message from the U.S. Federal Reserve on raising short-term interest rates by late 2023. Japan's benchmark lost earlier gains and inched down less than 0.1% in afternoon trading to 29,009.75. South Korea's Kospi edged 0.2% higher to 3,272.42. Australia's S&P/ASX 200 rose 0.1% to 7,368.90. Hong Kong's Hang Seng jumped 0.7% to 28,769.94, while the Shanghai Composite gained 0.1% to 3,530.32. The Bank of Japan kept its ultra-lax monetary policy intact, as investors had expected. Wrapping up a two-day meeting, the central bank also extended by six months, until March 2022, a lending program to help companies weather the pandemic. Japan's economy has picked up as a trend, although it has remained in a severe situation due to the impact of COVID-19 at home and abroad, the Bank of Japan said in a statement. The Fed's comments came Wednesday, and global markets had already initially reacted Thursday. But comments about the ..

Gold slips over 2%, palladium sheds 10% as post-Fed slide accelerates

(Reuters) - Gold shed more than 2% on Thursday, precipitating a sell-off across precious metals with palladium set for its worst day in over a year, as the dollar gained ground after the U.S. Federal Reserve struck a hawkish tone on monetary strategy.

US Fed prepping the markets for taper; a correction will be good: Analysts

Most Asian market equities - Nikkei, Sensex, Hang Seng and Kospi - lost ground in trade on Thursday as a result of the overnight development

The Federal Reserve is about to shift gears. This time it may be different

Though policymakers have yet to agree on a plan, most expect that by the end of 2023 they will have raised interest rates at least twice from the current near-zero level

Hawkish US Fed tone hits D-Street; Sensex slips 179 pts; IT stocks shine

A mild recovery post a gap-down start quickly dismantled during the last hour of the session as market participants offloaded metal and rate-sensitive counters

Global stocks lower after US Fed moves up interest rate hike forecast

The Fed indicated it sees the US economy improving faster than expected.

Indian shares open lower as financials weigh; Fed signals rate hikes

Indian shares fell for a second straight session, hurt by heavyweight financials stocks and RIL, with sentiment dented by the US Fed projection of hiking interest rates sooner than expected

Markets update: Asian stocks follow Wall St lower on Fed hints at rate hike

Asian stock markets followed Wall Street lower Thursday after the Federal Reserve indicated it might ease off economic stimulus earlier than previously thought. Tokyo, Hong Kong and Seoul fell while Shanghai gained after Fed policymakers, who previously forecast no interest rate hikes before 2024, estimated their benchmark rate would be raised twice by late 2023. The Fed also indicated it sees the US economy improving faster than expected. On Wall Street, the benchmark S&P 500 index fell 0.5 per cent on Wednesday after Fed projections showed some of its board members expect short-term interest rates to rise by half a percentage point by late 2023. Ultra-low rates from the Fed and other central banks have propelled a global stock market rebound from last year's plunge amid the coronavirus pandemic. The Fed may have delivered a more hawkish message for markets than many would have expected, Yeap Jun Rong of IG said in a report. Still, Yeap said, differing views among board members ..

Gold stages slight rebound on bargain hunting after Fed's hawkish tone

Spot gold was up 0.6% at $1,822.36 per ounce, as of 0235 GMT

Gold slides over 1% after Federal Reserve projects rate hikes into 2023

The central bank however held its benchmark short-term interest rate near zero and said it will continue to buy $120 billion in bonds each month to fuel the economic recovery

US Fed holds rates at zero, projects two hikes by the end of 2023

"Progress on vaccinations has reduced the spread of Covid-19 in the United States," the Federal Open Market Committee said in a statement released Wednesday

Fed officials expected to signal start of monetary policy shift debate

Federal Reserve officials on June 16 are expected to at least flag the pending start of talks about when and how to exit from the crisis-era policies

Asian shares mixed in quiet trading ahead of US Federal Reserve decision

Asian shares were mixed in quiet trading Wednesday ahead of a US Federal Reserve meeting that may give clues on what lies ahead with its massive support for markets. Japan released data that showed its trade surplus jumped 49.6 per cent in May from the previous year, but analysts said that was less than expected and highlights how the world's third largest economy and its exports may be only slowly recovering from the pandemic. Investors are also watching data out of China on industrial production and retail sales for indications about the health of the regional economy. Japan's Nikkei 225 slipped nearly 0.3 per cent in early trading to 29,359.31. South Korea's Kospi rose 0.4 per cent to 3,272.11. Australia's S&P/ASX 200 gained 0.3 per cent to 7,403.40. Hong Kong's Hang Seng inched down 0.1 per cent to 28,603.84, while the Shanghai Composite was little changed, inching up less than 0.1 per cent to 3,557.48. Asian markets are quiet ahead of the Fed, said Robert Carnell, regional ...

Asian central banks build dollar war chests, prep for US Fed policy

India has built up foreign exchange reserves worth more than $600 billion, as its central bank cushions economy against any sudden outflows.

Gold holds near 4-week low with focus on key Federal Reserve meeting

The yield on 10-year Treasuries eased slightly on Monday, following a two-day gain from the lowest since March that damped the appeal of the non-interest-bearing precious metal