Home Business Retail Inflation Dips To Five-Year Low In July At 3.5 Percent: NSO Data The is the first time in nearly five years that retail inflation has climbed down below the targeted 4 percent, the last time this happened was back in September 2019. Retail inflation has dipped to a five-year low in July … Read more
Gold prices were flat on Thursday, as investors awaited a key U.S. inflation reading that could provide further insights into the Federal Reserve’s policy path. FUNDAMENTALS * Spot gold was unchanged at $2,338.04 per ounce, as of 0125 GMT, after falling 1% in the previous session. * U.S. gold futures were down 0.2% at $2,358.30. … Read more
The dollar was stable on Wednesday on wagers the Federal Reserve is unlikely to cut rates until later this year ahead of crucial inflation readings this week, while the yen drifted to its weakest in four weeks. The dollar was also lifted by rising Treasury yields after a lacklustre debt auction for sales of two-year … Read more
Spot gold rallied sharply on Friday as traders looked past hotter than expected US inflation data to focus on possible rate cuts as the US economy, going by recent key macroeconomic data, is weakening. Spot gold closed with a gain of 1.55% at $2414 Friday. The yellow metal was up around 2.30% on the week. … Read more
Big US bond investors have been aggressively shifting money into long-dated notes, betting that the unloved asset class will be one of the winners from eventual interest rate cuts. The largest 20 mutual fund managers in the US have increased duration over the past two months as yields climbed, according to research by JPMorgan Chase … Read more
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 … Read more
Gold prices gained on Friday as fears of escalating conflict in the Middle East lifted the appeal of the safe-haven metal, despite stronger than expected US inflation data boosting the dollar and Treasury yields. Spot gold was up 0.5% at $2,038.19 per ounce at 0951 GMT, extending its run above the $2,000 level to nearly … Read more
The coming 12 months are shaping up as the year of the interest-rate cut. After racing ahead with the most aggressive tightening campaign in decades during 2022 and 2023, central banks around the world are poised to begin easing monetary policy as inflation continues to retreat. The shift is captured by Bloomberg Economics, whose aggregate … Read more
BSE Sensex and Nifty50 surge in early trade! Dalal Street resumed its party on Thursday with the benchmark indices zooming in early trade on the back of a dovish stand by the US Federal Reserve that has spurred hopes of rate cutes by the American central bank in the coming months.At 9:24 AM, BSE Sensex … Read more
U.S. stocks registered modest gains on Monday but managed to close at new highs for the year, ahead of major market catalysts this week that include inflation readings and the Federal Reserve’s policy announcement, which will strongly influence investor expectations on the path of interest rates. Market watchers increasingly believe the central bank is done … Read more