NEW DELHI: Government is yet to appoint new external members of RBI’s monetary policy committee, which has left forecasters hesitant to make predictions about the next MPC action on Oct 9. However, economists believe that regardless of the committee members, there will be no rate cuts in Oct.The good news for banks is the improved…
PARIS: Inflation in France eased further in March while it accelerated but remained low in Italy, official data showed Friday, fuelling hopes of interest rate cuts in coming months.French inflation fell to 2.3 percent, down from 3.0 percent in February, according to provisional figures from the INSEE statistics institute.Food price inflation slowed sharply last month…
MUMBAI: Benchmark equity indices Sensex and Nifty surged nearly 1 per cent on Thursday in tandem with a rally in global markets after the US Fed projected three rate cuts this year. Rising for the second day, the 30-share BSE Sensex jumped 539.50 points or 0.75 per cent to settle at 72,641.19. During the day,…
Gold climbed over 1% on Wednesday after the U.S. Federal Reserve indicated they expect to reduce interest rates by three quarters of a percentage point by end-2024, sending the dollar and Treasury yields lower. Spot gold rose 1.2% to $2,183.02 per ounce by 15:23 p.m. EDT (1923 GMT). U.S. gold futures settled 0.1% higher at…
NEW DELHI: The US Federal Reserve is expected to maintain its key lending rate unchanged on Wednesday, continuing discussions on potential rate cuts in the ongoing battle against inflation.The Fed has raised interest rates to a 23-year high between 5.25 and 5.50 percent to stabilize inflation at its long-term target of two percent. Despite challenges…
Wall Street experienced a positive shift on Wednesday as economic indicators and statements from Federal Reserve Chair Jerome Powell fueled anticipations that the Fed might lower its benchmark interest rate within the year.Powell emphasized on Wednesday his expectation for the Fed to slash rates, stating the US economy was far from facing a recession. However,…
