Page 38 - Us Federal Reserve

Market Wrap, May 14: Here's all that happened in the markets today

Sectorally, IT stocks took the biggest knock as the Nifty IT index declined 3.5 per cent to 13,293.70 levels. Nifty Bank lost 566 points or nearly 3 per cent to 19,068.50 levels

Covid-19 crisis: Jerome Powell warns of lasting harm; US stocks slump

The Dow Jones Industrial Average was down 496.84 points, or 2.09 per cent, at 23,267.94, the S&P 500 was down 52.72 points, or 1.84 per cent, at 2,817.40 (at 9:37 pm IST).

Fed Chair Powell warns of prolonged US recession after coronavirus

He said the US economy may depend on more fiscal stimulus to fight the economic impacts of the coronavirus

The case for deeply negative interest rates

Such a policy, backed up by measures to prevent cash hoarding by financial firms, can solve many of today's problems

Worst yet to come: Fed official after US loses 20.5 mn jobs due to Covid-19

"We may be in an environment of gradual relaxing and then having to clamp back down again around the country as the virus continues to spread," he said.

Markets looking forward to bailout

But the currency could take a hit if rating agencies respond unfavourably

US Federal Reserve won't take rates negative, say fund managers, economists

Fed funds futures, which are a gauge of where markets expect the Fed's benchmark overnight lending rate to be, are now pricing in a slightly negative rate environment beginning in December

The threat of enfeebled great powers

The United States' decline, meanwhile, is over-predicted and under-believed

Covid-19 impact: Fed sees slow, uneven recovery from slowdown in US economy

More than 30 million Americans have filed for unemployment claims in the last six weeks

Covid-19: Apple issues cheapest bonds in years to fund buy-backs, dividends

The technology company raised $8.5 billion by selling four different bonds with maturities ranging from three years to 30 years

Amidst the gloom and doom, the market's exuberance is confounding

For the sake of context, the financial crisis of 2008 had seen the S&P 500 fall by more than 50 per cent from its peak

For Fed Chair Powell, March was intense as response to Covid-19 intensified

Though the calendar gives no details on what was discussed, it suggests an explosion of activity at the US central bank unseen since the darkest days of the 2007-2008 financial crisis

Fed, Covid-19 drug hopes lift indices; monthly gains at 11-year high

Stocks opened gap-up after a sharp rally on the Wall Street overnight, and managed to hold on to most gains despite banking stocks, the index heavyweights, underperforming

Top 10 biz headlines: HUL results today, US GDP contraction and more

Here are the top 10 business headlines for Thursday morning

Indices log near 2% gains on hopes of ease in lockdown, biz activity

The Sensex rose 606 points, or 1.9%, to end at 32,720 - the highest close since March 13

Federal Reserve leaves rates near zero, sees coronavirus risks lingering

US stock markets pared some of the day's strong gains after the release of the statement

US Federal Reserve likely to renew vow to use all tools to support economy

The statement could reflect a sharp downgrade in the Fed's assessment of the job market, household spending, and energy markets

Market Ahead, April 29: Top Factors That Could Guide Markets Today

Moody's Investors Service has slashed India's growth forecast for calendar year 2020 to 0.2 per cent, from 2.5 per cent projected in March

The Indian version of quantitative easing

By resorting to the two-step OMOs, the RBI is managing the yield at both the shorter as well as the longer end

The fiscal response challenge

In terms of policy response, governments and central banks are intervening aggressively in the advanced economies