County Jerome Financial News

CAZ Investments Chief Investment Officer Christopher Zook weighs in on the Fed's handling of the economy as rate cut expectations plummet, Japan's Yen and tech earnings.

Market Rebellion co-founder Pete Najarian discusses delayed rate cuts by the Fed, inflation and U.S. markets.

ALSO READ: US Fed bets reprice: China, Japan, South Korea and India look attractive On April 30 (Tuesday), reports on employment cost index for first quarter (Q1) and consumer confidence for April will be unveiled. On May 1 (Wednesday), data on ADP employment for April, auto sales for April, and ISM manufacturing for April will be released. On the same day, FOMC (Federal Open Market Committee) interest rate decision will be announced, followed by Fed Chair Jerome Powell’s press conference.

Amazon reporting results will keep investors' focus in the days ahead on the global rates outlook and on tech earnings, while growth and inflation data from Europe and China are also coming out.

Former President Donald Trump's political operatives are putting together a plan that would give him unprecedented influence over the Federal Reserve, including a plan that could make him an «acting» central bank board member, according to a Wall Street Journal report.

Federal Reserve officials are about to get further confirmation that inflation progress has stalled, supporting what appears to be a shift in tone to keep interest rates higher for longer than previously anticipated. Policymakers' preferred inflation gauge — the personal consumption expenditures price index — probably stayed elevated in March, according to data due in the coming week.

Israel attacked Iran in a continuing series of assaults that have increased concerns of a wider Middle East conflict. As of 10:36 am IST, Bitcoin was trading 0.9% higher at $62,200. Meanwhile, Solana (3.8%), Toncoin (13%), Chainlink (1%), and Internet Computer (4.3%) were also trading higher.

Federal Reserve Chair Jerome Powell signaled US central bankers will wait longer to cut borrowing costs following a series of surprisingly high inflation readings, which reduces room for easier policy around the world. Global finance chiefs convening in Washington for the International Monetary Fund-World Bank spring meetings are sweating the strength of the US economy, as elevated interest rates and a strong dollar force other currencies lower and complicate plans to bring down borrowing costs. Meanwhile, an escalation of the conflict in the Middle East is raising concerns of a wider regional war that could send oil prices over $100 a barrel.

Gold rate today: On account of rising geo-political tension in the Middle East region, gold prices witnessed buying interest during the early morning session on Friday. Gold price on the Multi Commodity Exchange (MCX) opened upside and went on to touch an intraday high of ₹72,869 per 10 gm. In the international market, spot gold price also showed upside movement and came close to $2,400 per troy ounce levels in early morning deals.

An unsavory combination of factors is spoiling the risk appetite of equity investors, leading to profit booking at new highs. In the past week, benchmark indices Nifty50 and the S&P BSE Sensex have declined over 2% each. During the same time, the fear gauge, Nifty volatility index (VIX), has risen 11%, indicating discomfort among stock market participants.

trading on Wednesday as investors assessed the Federal Reserve's interest rate stance and a batch of soft earnings early in the financial reporting season. Travelers tumbled 7.41% and was among the biggest drags on the S&P 500 and largest on the Dow Industrials after the insurance giant missed Wall Street expectations for first-quarter profit.

If there was any doubt before, Federal Reserve Chair Jerome Powell has pretty much cemented the likelihood that there won't be interest rate reductions anytime soon.

As cryptocurrency markets dip amid growing macro headwinds and as sentiment wanes amid slowing spot Bitcoin ETF inflows, crypto investors are moving funds into an exciting new virtual reality project called 5thScape (5SCAPE) ahead before it lists on exchanges.

Bitcoin (BTC) bears are eyeing a break below the key psychological $60,000 level, with ETF flows having slowed this week, and macro headwinds continuing to pile up, with some predicting that the Bitcoin price could be headed towards $50,000 next.

Gold rate today: Yellow metal prices steady amid geopolitical risks; higher US Treasury yields weigh Iran announced its military's preparedness to counter any potential Israeli aggression. Recently, Iran launched its inaugural direct assault on Israel, retaliating against a suspected Israeli attack on an Iranian diplomatic facility in Damascus on April 1. On Tuesday, prominent figures from the U.S.

Palumbo Wealth Management founder and CEO Philip Palumbo suggests how investors can build a sound portfolio on 'The Claman Countdown.'

Market Rebellion co-founder Pete Najarian discusses delayed rate cuts by the Fed, inflation and U.S. markets.

₹6,973 per barrel on the multi commodity exchange (MCX). Oil prices have softened this week as economic headwinds curb gains from geopolitical tensions, with markets eyeing how Israel might respond to Iran's weekend attack. Analysts do not expect Iran's unprecedented missile and drone strike on Israel to prompt dramatic U.S.

UK's March inflation print underscored market uncertainty about when BoE policymakers led by Governor Andrew Bailey will be able to ease off on the highest interest rates in 16 years. However, UK inflation is still higher than the BoE's two per cent but the direction of the downtrend is clear, said analysts. While UK has lifted rate cut hopes.

Federal Reserve to cut rates is likely to weigh on RBI’s decision on starting its policy rate easing cycle. After Morgan Stanley and Kotak Bank, even IDFC Bank expects RBI to ease its rate easing call. Strong economic growth and escalated tensions in West Asia could add to inflation risks and delay rate cuts by the Reserve Bank of India could also weigh on the central bank's decision. Federal Reserve Chair Jerome Powell on Tuesday did not provide any guidance on when interest rates may be cut, saying instead that monetary policy needs to be restrictive for longer Economists are now factoring in a possible delay in policy rate cuts by the RBI, which has kept it unchanged since February 2023 at 6.5%. They were expecting the central bank to start lowering rates from the second half of FY' 2024-25

Also Read: US Fed Chair Jerome Powell signals delayed interest rate cuts amid high inflation While the recent U.S. retail sales also jumped 0.7% month-over-month in March 2024, surpassing forecasts of 0.3%, showing that consumers continued to spend at a faster pace than anticipated despite borrowing costs at a 23-year high. Since March 2022, the U.S.