County Jerome Financial News

Investing.com-- Oil prices fell slightly in Asian trade on Friday, extending losses from the prior session as the OPEC+ cut supply by a smaller-than-expected margin, while weak data from China added to concerns over worsening demand. 

Investing.com-- Most Asian stocks retreated on Friday, seeing a measure of profit taking after clocking strong gains through November, with focus now turning to an upcoming address from Fed Chair Jerome Powell for more cues on interest rates. 

Former Federal Reserve Bank of St. Louis James Bullard provides insight on the state of the economy on 'The Claman Countdown.'

Investing.com — U.S. stock futures rose Thursday, ending a largely positive month on a strong note ahead of the release of important inflation data which could offer clues of future Federal Reserve interest rate intentions.

interest-rate cuts could be just months away. The benchmark 10-year note yield has fallen by 60 basis points in November, as prices have soared, logging its biggest one-month drop since a 70-bps fall in December 2008, when the Federal Reserve slashed interest rates in response to a struggling economy and a distressed financial system. Yields were last up 1 bp at 4.28% in European trading. The U.S. economy has shown far more resilience than most expected — creating more jobs, maintaining spending and activity and all during 17 months of almost non-stop rate rises from the central bank to lower inflation. Consumer price pressure are abating fast, spending is holding up and there has been enough evidence in the data to suggest the economy is heading for a gentle slowdown rather than recession. In the space of a month, markets have shifted from an expectation for rates to fall by around 60 bps in the second half of the year to pricing a scenario in which the Fed will cut rates by a full percentage point by this time next year, with the possibility of the first drop as early as March. «When it comes to market pricing, a Q1 rate cut has gone from being a complete out-of-consensus view only a month ago, to a serious proposition now.

rate hikes ahead of a crucial inflation report later in the day. The dollar index, which measures U.S. currency against six rivals, eased 0.058% to 102.74, not far from 102.46 — its lowest since Aug. 10 it touched on Wednesday. The index is down 3.7% in November on growing expectations the Fed will cut interest rates in the first half of 2024. The dollar clawed back some of its losses on Wednesday after data showed the U.S.

Bitcoin (BTC) held momentum at $38,000 on Nov. 29 as analysis warned over market corrections.

Asian stocks briefly made one-week highs on Wednesday, bonds rallied and the dollar sank on new hints at U.S. interest rate cuts, while the New Zealand dollar jumped after its central bank said another hike may be necessary if inflation proves stubborn. MSCI's broadest index of Asia-Pacific shares outside Japan rose 0.5% in early trade before weakness in Hong Kong tech shares dragged it back to flat. Japan's Nikkei fell 0.2%.

By Ankur Banerjee

By Shristi Achar A and Amruta Khandekar

Stocks on Wall Street closed mostly higher on Friday to notch another winning week on growing expectations the Federal Reserve is done with raising interest rates and could start cutting them next year.

₹378 crore worth of Indian equities and the total inflow stands at ₹13,673 crore as of November 24, taking into account debt, hybrid, debt-VRR, and equities, according to National Securities Depository Ltd (NSDL) data. FPIs were net buyers till November 15, but reversed the selling trend and invested on November 15 and 16. During August, September October and till November 15, FPIs cumulatively sold stocks for ₹83,422 crore through the exchanges.

Major blue-chip cryptocurrencies are trading with a positive bias on Friday despite a lack of trading volumes with US market participants away for the Thanksgiving holidays.

Federal Reserve officials concluded earlier this month that inflation was steadily falling and agreed to closely monitor incoming data to ensure that the pace of price increases would continue slowing toward their 2% target, according to the minutes of...

Federal Reserve officials at their most recent meeting expressed little appetite for cutting interest rates anytime soon, particularly as inflation remains well above their goal, according to minutes released Tuesday. 

By Howard Schneider

MUMBAI : The Reserve Bank of India (RBI) purchased nine tonnes of gold in the September quarter, contributing to the 337 tonnes purchased by global central banks, and underscoring the importance of gold as a diversifier of its total reserves. With the latest quarterly buying, India’s official gold reserves stood at 806.7 tonnes as of September end, placing it at No. 10 in the pecking order, according to miner’s lobby World Gold Council (WGC).

Inflation in the United States slowed last month in a sign that the Federal Reserve’s interest rate hikes are continuing to cool the consumer price spikes that have bedeviled consumers for the past two years.

Inflation in the United States slowed last month in a sign that the Federal Reserve’s interest rate hikes are continuing to cool the consumer price spikes that have bedeviled consumers for the past two years

By Herbert Lash

Investing.com — U.S. stock futures surged higher Tuesday after inflation cooled more than expected in October, offering support to the view that the Federal Reserve may be closing to ending its rate-hiking cycle.