Share to Twitter Share to Linkedin Topline The Federal Reserve reaffirmed that it is unlikely to take its foot off the pedal as it continues to raise interest rates until inflation eases in a meaningful way, with officials indicating that it will “take some time” before a reversal in monetary policy, according to the minutes from the central bank’s latest policy meeting. Key Facts Fed officials “emphasized” that a slowdown in demand would “play an important role” in reducing inflationary pressures, with most participants saying that it would likely “take some time” before the “bulk” of monetary policy tightening has a meaningful impact. Though there was little specific guidance for future rate increases, some officials acknowledged that there was a risk that the central bank could raise rates and tighten financial conditions by more than necessary. The Federal Reserve raised interest rates by 75 basis points at its last policy meeting in … [Read more...] about Fed Officials Pledge More Big Rate Hikes Until There Is A ‘Meaningful’ Decline In Inflation
Fed rate hike what does it mean
Share to Twitter Share to Linkedin Topline While the Federal Reserve has made progress cooling the economy, there has still been “little convincing progress” in bringing down wage growth and high inflation, according to analysts at Goldman Sachs, who predict that it will remain difficult for the central bank to get surging prices under control without a recession. Key Facts Markets have rebounded in recent weeks thanks to growing optimism that inflation may have peaked and the U.S. economy can avoid a recession, but not all experts agree with that rosy outlook. Analysts at Goldman Sachs led by chief economist Jan Hatzius argue that the Federal Reserve still has a monumental task ahead in bringing down inflation to a normalized level without causing a recession, with a “narrow path to a soft landing.” The firm notes that GDP growth has slowed to a pace where supply can “catch up” to demand thanks to declining fiscal support and a … [Read more...] about Fed Still Has A ‘Long Way To Go’ As It Tries To Tame Inflation Without Causing A Recession, Goldman Predicts
Share to Twitter Share to Linkedin Topline President Joe Biden’s dismal approval rating is beginning to show signs of a turnaround after a recent stretch of accomplishments that few saw coming earlier in the summer. Key Facts FiveThirtyEight’s composite approval rating for Biden, which is a weighted average of a number of polls, rose to 40.6% on Wednesday, an increase of more than 3 percentage points from 37.5% on July 21—the lowest of his presidency so far. It’s the biggest rally in Biden's approval rating since he became president. Biden's low came just days before Sen. Joe Manchin (D-W.Va.) abruptly announced he reached a deal with fellow Democrats on the Inflation Reduction Act , signing off on more than $360 billion in spending to combat climate change after he held up earlier versions of the bill for a year while negotiating the price of the legislation down. The past few weeks have also been marked by positive economic … [Read more...] about Biden’s Approval Rating Surges After Series Of Unexpected Wins
- A + A (Aug 18): Global equities fell and U.S. Treasury yields rose on Wednesday after the Federal Reserve's meeting minutes showed that officials were ready to slow the pace of interest rate hikes in tandem with signals of a slowdown in inflation. In their July meeting minutes released on Wednesday, Fed officials said the pace of future rate hikes would depend on incoming economic data, as well as assessments of how the economy was adapting to the higher rates already approved. After the release of the minutes, traders of futures tied to the Fed's policy rate saw a half-percentage-point rate hike as more likely in September given recent economic data showing a moderation in inflation. U.S. consumer prices were flat while producer prices fell in July. "Overall, the minutes read a bit dovish," said Sean Bandazian, senior investment analyst for Cornerstone Wealth in Charlotte, North Carolina. "There was a lot of language about slowdowns in different areas but also … [Read more...] about Global shares fall, U.S. Treasury yields rise after dovish Fed minutes
Commodities saw another strong weekly finish indicating that the buyers have re-entered after a brief break earlier this month. Weakness in the US dollar index, improved risk sentiment and supply issues have lent support to commodities. We saw a rally across commodities indicating broad-based buying, however, there were few highlights. Gold breached the pivotal $1,800 per troy ounce level and tested 1-month high; Zinc zoomed to 2-month high while copper topped $8,000 per tonne level; crude oil recovered more than 9 percent from February lows set late last month. The US dollar index slumped to six-week low amid increasing debate about Fed’s monetary policy. Improved risk sentiment also reduced its safe haven appeal. The Fed’s meeting by meeting approach has caused uncertainty in the market and market players are looking at US economic numbers and central bank comments to gauge the central bank’s next move. Also read - CCI nod for merger of HDFC Bank, HDFC Ltd Close … [Read more...] about Dollar trend to be key factor for commodities as Fed’s rate tightening debate intensifies
- A + A NEW YORK (Aug 18): U.S. stocks closed lower on Wednesday, with indexes volatile after minutes from the Federal Reserve's meeting in July suggested policymakers may be less aggressive than previously thought when they raise interest rates in September. Major indexes sharply cut their losses after the release of the minutes, with the Dow briefly turning positive, before they returned to earlier lower levels. Weak results from Target weighed on the market for much of the session, along with megacap growth shares including Amazon.com. Amazon.com ended down 1.9%. The Fed minutes also showed policymakers committed to raising rates as high as necessary to bring inflation under control. The Fed has lifted its benchmark overnight interest rate by 225 points this year to a target range of 2.25% to 2.50%. After the release of the minutes, traders of futures tied to the Fed's policy rate saw a half-percentage-point rate hike as more likely in September. "They … [Read more...] about Wall Street ends down, but indexes briefly cut losses after Fed minutes
You’ve undoubtedly seen advertisements for a pheromone perfume or a pheromone fragrance. Many claims that using their product would make the user more sexually desirable, boost their libido, or serve as a catalyst for other benefits that are almost too wonderful to be true. Despite this, the possibility of a spritz that turns you into a sexy person is tough to resist. There are a lot of fragrances and perfumes on the market that claims to include components that might make you more appealing to other people, but scientists are still debating whether or not humans can detect pheromones. You might be asking if the claims made about pheromones are simply a lot of hype or whether they really function. Let’s find out more about how this stuff works, but before we do that, we must have a firm grasp of what pheromones are. What are pheromones? Pheromones are the fragrances that animals emit to communicate with one another and other species. These odors denote territory, … [Read more...] about Pheromone Perfume: Does it Really Work?
Share to Twitter Share to Linkedin Does setting an ambitious goal encourage concerted efforts to reduce emissions, or is it more likely to make the public more cynical about the intractability of the problem? You might love or hate Franklin Delano Roosevelt, but I wish that subsequent presidents would forget about his “100 days” program which was intended to be an emergency action addressing the Great Depression. It has left at least some of his successors feeling they need to show similar verve in designing policies to address the most salient problems of the day. Most such have not been a success, with the Clinton effort to quickly fashion and enact a health care plan one of the most obvious failures. In keeping with tradition, the Biden Administration has come up with a goal of reducing American greenhouse gas emissions by 50% by 2030. Biden’s vision has met with the usual degree of praise, scorn and skepticism, validating the old maxim ‘where you … [Read more...] about Biden’s Climate Goals Are Unrealistic. Does That Help Or Hurt Emissions Reduction?
Representative image Gold reversed its course to trade lower on August 11 in the international markets as hawkish remarks from US Federal Reserve officials dampened hopes of a let-up in aggressive policy tightening after tame inflation data. Spot gold was down 0.3 percent to $1,788.39 per ounce by 3:34 p.m. ET (1934 GMT). It had risen to its highest since July 5 after the consumer price index (CPI) data. At 9:44am, gold contracts were trading 0.3 percent lower on the Multi-Commodity Exchange ( MCX ) at Rs 52,085 for 10 grams and silver shed 0.74 percent at Rs 58,525 a kilogram. Track Live Gold Prices Here Trading Strategy Close Tapan Patel, Senior Analyst (Commodities), HDFC Securities Gold prices traded weak on Thursday with COMEX Spot gold prices were trading 0.36 percent down near $1785 per ounce in the morning trade. Gold prices retreated after US inflation data eased recession worries. The weaker dollar capped downside for the day. We … [Read more...] about Gold prices today: Experts expect precious metal prices to remain volatile; support for gold around Rs 52,040-51,810
The value of the foreign portfolio investors (FPI) holdings in the domestic equities dropped 14 per cent to USD 523 billion in the three months ended June 2022 from the preceding quarter, according to a Morningstar report. This was the third consecutive quarterly decline in the value of FPIs' investments in Indian equities. Foreign investors were cautious since the start of the year and it intensified as the year progressed, following the influence of worrying trends in both global and domestic markets. "During the quarter ended June 2022, the value of FPI investments in Indian equities fell by 14 per cent to USD 523 billion from USD 612 billion recorded in the previous quarter," the report noted. As of June 2021, the value of FPI investments in Indian equities was USD 592 billion. FPIs' contribution to Indian equity market capitalisation also fell during the quarter under review to 16.9 per cent from 17.8 per cent in the March quarter. Offshore mutual funds form an important … [Read more...] about FPI stock holding slips 14% to $523 billion in June quarter: Report