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The leading cryptocurrency Bitcoin dipped as low as $64,600 during early Asian hours on Tuesday, which saw the liquidation of leveraged positions at $480 million.

Wall Street axiom warns to “never fight the Fed.” But that’s exactly what traders are doing, and it could spark a rally in some of the forgotten corners of the stock market. Federal Reserve forecasts and comments from central bankers couldn’t be more clear. Investors are being warned that interest rates will stay higher for longer than they’d expected, with the median projection from Fed officials calling for one interest rate cut this year.

inflation report for May, after the Federal Reserve adopted a hawkish tone at the conclusion of its meeting on Wednesday. Data on Thursday showed that U.S. producer prices unexpectedly fell in May, with the headline producer price index (PPI) dropping 0.2% last month after advancing by an unrevised 0.5% in April. Core prices were flat, after also seeing a 0.5% increase the prior month.

Even as anticipation has grown over when the US Federal Reserve will shift its monetary policy to an easier setting, the target seems to be moving farther, with distinctly hawkish sounds emanating from Fed policymakers. The US central bank’s latest policy decision announced by chair Jerome Powell on Wednesday has dampened expectations again.

U.S. stocks are drifting following mixed data on the economy, but hopes for coming cuts to interest rates and Wall Street’s continued frenzy around artificial-intelligence technology are keeping indexes near their records

₹6,588 per barrel on the multi commodity exchange (MCX). -The US Labor Department said the producer price index (PPI) for final demand dropped 0.2 per cent last month. Separate data showed weekly initial jobless claims exceeded estimates for a 10-month high.-The US Fed held interest rates steady on and pushed out the start of policy easing to as late as December.

Oil prices slipped on Thursday as investors digested that the U.S. Federal Reserve had likely pushed back an interest rate cut to December and as U.S. crude and fuel stocks rose. Brent crude futures fell 60 cents, or 0.7%, to $82 a barrel by 1207 GMT. West Texas Intermediate (WTI) U.S. crude futures fell 68 cents, or 0.9%, to $77.82. Both benchmarks had gained nearly 1% in the previous session.

JPMorgan Asset Management Chief Market Strategist Gabriela Santos analyzes the Federal Reserve's decision making on 'The Claman Countdown.'

Bond traders loaded back up on interest-rate-cut bets — and even the pushback coming out of the Federal Reserve did little to shake their conviction.

Fed chief Jerome Powell, gold prices on MCX for August futures contracts were down Rs 481 or 0.67% to trade at Rs 71,489 per 10 grams, while MCX July silver contracts dropped by nearly Rs 2,000 or 2.18% to Rs 88,469 per kg. Gold prices fell after three days of gains as investors reacted to the Federal Reserve's latest signals indicating only one interest-rate cut this year, instead of the three previously forecast.

Stock Market News: The domestic benchmark equity indices, the Sensex and the Nifty 50 started Thursday's session at record highs after better-than-expected economic data. The Nifty Midcap 100 index opened the day at a record high.The 30-share BSE Sensex opened higher by 495.48 points or 0.65% at 77,102.05 level while the Nifty 50 started off at 23,480.95 level, up 158 points or 0.68%.Also Read: Sensex Today Live Updates: Sensex, Nifty open at record high led by global cues; Gensol, Sobha shares gainAccording to Dr. V K Vijayakumar, Chief Investment Strategist at Geojit Financial Services, there is excellent news on inflation in both the US and India.

Also Read: Top Stock Recommendations: Osho Krishan suggests buying these two stocks todayHDFC Life Insurance, LTI Mindtree, Divi’s Laboratories, Shriram Finance and Wipro were the top gainers on the Nifty 50 constituents, while Tata Consumer Products, Britannia Industries, Hindustan Unilever, Cipla and Eicher Motors were the top losers.Positive global cues and favourable domestic economic data led the rally in the Indian stock market. The domestic equities followed an upmove in Asian markets and US stock market after softer than expected US inflation data and the US Federal Reserve policy decision.Read here: US Fed holds key rates elevated at 23-year high, expects single 0.25% reduction in 2024; 5 key takeaways from Fed PolicyThe US consumer price index (CPI) came in at 3.3% in May, down 0.1 percentage point from April’s 3.4%.Meanwhile, the US Federal Reserve kept its benchmark interest rate unchanged for the seventh straight meeting on Wednesday and said that “modest" progress had been made toward its long-term inflation target of 2%.

The announcement comes after a Labor Department report showed that inflation slowed more than expected in May, even as prices remained high for millions of Americans.

The announcement comes after a Labor Department report showed that inflation slowed more than expected in May, even as prices remained high for millions of Americans.

A key measure of underlying US inflation stepped down for a second month in May, a pleasant surprise for Federal Reserve officials looking for signs that they can start to lower interest rates.  

Gold and silver prices today on 12-06-2024: Check latest rates in your cityInvestors have flocked to the precious metal, driven by expectations of monetary easing, geopolitical tensions in Europe and the Middle East, and significant central bank purchases, particularly by China.Spot gold is currently trading around $2,300 per ounce after reaching a record high of $2,449.89 on May 20, marking a gain of more than 11 per cent so far this year.“Commodities are broadly stuck in a range and trading flat, as we look ahead to the U.S. CPI numbers and the Federal Reserve’s policy meeting outcome later in the day.

Federal Reserve's policy decision and updated economic projections later in the day. The dollar had risen for three straight trading days after Friday's stronger than expected U.S. jobs report raised the prospect of inflation remaining sticky while growth stays strong, making the U.S. central bank less likely to cut interest rates in the coming months.

The bitcoin price (BTC) fell below $67,000 Tuesday after the spot bitcoin exchange-traded fund (ETF) market saw its first day of net outflows in nearly three weeks on Monday as bitcoin investors get nervous ahead of inflation data and an influential interest rate decision.

After Federal Reserve officials meet this week, a statement they will issue may suggest that they’ve seen meaningful progress on inflation this year — a prelude to eventual interest rate cuts

Bitcoin (BTC), the world’s leading cryptocurrency, continued its downward trajectory, trading around the $67,925 level and hitting an intraday low of $67,786. This recent decline of 2.5% has sparked concerns about a potential bigger sell-off.