Tag: fed

Rate action is unlikely, but comments from Fed Chair Jerome Powell about the potential for policy easing later in 2024 will be scrutinized.

Anand Tandon advises focusing on tactical plays in private sector banks amidst market sector value concerns. He highlights the power sector\’s growth potential but suggests waiting for better entry points for investment in various sectors.

Nishit Master predicts Nifty50 at 24000 with high single-digit returns. Post-election policy uncertainty poses a risk. Geopolitical tensions may affect energy prices and Rupee, impacting the bull rally.

A risk-off sentiment gripped developing-nation assets, taking a cue from money markets that were no longer pricing a Federal Reserve interest-rate cut in September, pushing their expectation to November.

Rising geopolitical tensions kept risk sentiment in check, lifting prices of gold and oil, while investor focus in Asia turns to China with GDP data due at 0200 GMT.

By Ann Saphir

Rate futures markets now show investors see a first rate cut as most likely occurring at the Fed\’s Sept. 17-18 meeting after data showed inflation through the entire first quarter of 2024 was stiffer than expected and had demonstrably slowed progress on bringing it back to the Fed\’s 2% target.

Gold rose to a fresh all-time peak after a mild reading for producer price inflation kept alive hopes for Fed easing this year, though U.S. Treasury yields stuck close to five-month highs in the wake of hotter-than-expected consumer price data mid-week that forced a paring back of rate cut bets.