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2 mins read

RBI unlikely to cut interest rate in 2024: SBI chief Setty

"On the rate front, a lot of central banks are taking independent calls. While Fed rate cut wou…

PTI   


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2 mins read

The Fed finally cut interest rates. Here's what comes next.

Don't expect an immediate impact from the Fed cutting interest rates. But that doesn't mean you can…

Dan DeFrancesco   


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3 mins read

Not just Fed, but central banks of these countries also tinkered with rate cuts this week

The US Federal Reserve cut interest rates by 50 basis points, causing global markets to surge. Cent…

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2 mins read

Nvidia just recorded the biggest single-day wipeout by a US company

Nvidia stock fell 9.5%, shedding $278.9 billion in valuation. The loss is tied to concerns that inc…

Shubhangi Goel   


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1 min read

Bitcoin is surging on hopes rate cuts will drive a speculative rush

Bitcoin jumped as much as 6.4% on Tuesday as hopes for a large Fed rate cut enticed crypto investor…

Filip De Mott   


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Repo rate cut unlikely in ongoing MPC meeting, but RBI may change it during October policy review: Experts

The Reserve Bank of India (RBI) has started its three-day monetary policy committee (MPC) meeting i…

ANI   


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Stock market today: Indexes edge up as cool July inflation locks in rate cut expectations

Inflation continued to cool in July, instilling further confidence that the Fed will begin cutting …

Jennifer Sor   


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4 mins read

Sensex, Nifty extend gains to scale fresh peaks on firm global cues

Rallying for the ninth straight session, the 30-share BSE Sensex climbed 231.16 points or 0.28 per …

PTI   


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Why the Fed will have to cut rates more than expected this year, ING says

The employment component of the ISM index plunged to 43.4 from 49.3 in July, representing the worst…

Matthew Fox   


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1 min read

Goldman's CEO reverses course, now expects up to 2 rate cuts in 2024

David Solomon previously said the Fed wouldn't cut rates in 2024. He's reversing course, now callin…

Kelly Cloonan   


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The Fed gives the US its first jumbo interest-rate cut in 4 years

The Federal Reserve announced an interest-rate cut of 50 basis points on Wednesday, the first in fo…

Ayelet Sheffey   


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5 mins read

Earnings season kicks off after a blowout jobs report upended investors' hopes of another interest-rate cut

The spotlight is on earnings season after a surprise jobs report called into question when the next…

Dan DeFrancesco   


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1 min read

The inflation report dashes hopes of a jumbo rate cut next week

Interest rate cuts are probably coming this month, and August inflation numbers are the last big pi…

Madison Hoff   


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1 min read

The Fed 'moved too fast' with rate cuts and now risks reigniting inflation, analyst says

The US isn't out of the words with inflation, and one fixed-income strategist thinks the Fed's jumb…

Filip De Mott   


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Why Fed rate cuts could mean corporate earnings will disappoint

Steep rate cuts would point to a weaker economy, with higher unemployment and less pricing power fo…

Kelly Cloonan   


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2 mins read

Even with a big rate cut, Big Tech will be cautious about another hiring spree

Businesses had to make difficult decisions to downsize after the pandemic – and "those battle wound…

Geoff Weiss   


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2 mins read

Gold shines as demand for safe haven asset strong; Infomerics Ratings anticipates 10% price jump this year

Historical trends, such as the surge during the Russia-Ukraine war, highlight gold's role as a safe…

ANI   


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2 mins read

The job market is reaching a turning point that will usher even steeper Fed rate cuts, top economist says

The ratio of job openings to the unemployment rate has plummeted over the past year, top economist …

Jennifer Sor   


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3 mins read

Experts welcome moderation of inflation in July, by warns of continued inflationary pressure ahead

In July 2024, India saw its CPI inflation drop to 3.54%, the lowest in almost five years, mainly du…

ANI   


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1 min read

Home buyers are holding their breath for rate cuts as existing home sales plunge to lowest since the pandemic

Existing home sales fell 1% in August from July, reaching their lowest level since the pandemic, ac…

Kelly Cloonan