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Dow since 1987. The Nikkei newspaper reported the central bank will maintain its 0.5% cap for the 10-year government bond yield, but discuss allowing long-term interest rates to rise above that level by a certain degree. Reuters confirmed the central bank may make minor tweaks to extend the lifespan of its yield control policy.

Oil prices fell in early Asian trade on Friday as demand concerns weighed against strong economic data. Brent crude fell 59 cents, or 0.7%, to $83.65 a barrel by 0027 GMT, but was on track for a weekly 5% increase. U.S.

Grant's Interest Rate Observer founder and editor Jim Grant weighs in on the Federal Reserve's two-day meeting and U.S. recession probability.

Over the last 12 months, market analysts and commentators have relentlessly predicted that the United States is heading for a recession. However, the U.S. economy has been remarkably resilient and defied the forecasts. Indeed, we now have the U.S. Federal Reserve discounting a recession from its current modeling, as Fed Chair Jerome Powell emphasized at the Fed’s July press conference. 

Federal Reserve chair Jerome Powell on Wednesday fielded a question about the “Barbie" movie and Taylor Swift's “Eras Tour" after the US central bank raised interest rates again, according to a report by Business Insider. Jeanna Smialek of the New York Times asked Powell whether he thought massive demand for “Barbie" and Eras tickets were signs that “the American consumer is in very good shape". The Fed chair responded by highlighting the economy's overall strength – but warned that too large of a rebound in growth could lead to prices soaring again, said the report.

The European Central Bank has raised interest rates for the ninth straight time in its yearlong campaign to stamp out painfully high inflation

US Federal Reserve has increased federal funds rate by 25 basis points to 5.25-5.5%—the highest level since 2001. Since the Fed sets the direction of interest rates globally, Mint examines what this means for India and what the future looks like. The federal funds rate is the rate at which commercial banks in the US lend money held with the Federal Reserve system to each other on an overnight basis.

Global equities surged Thursday and the dollar retreated, as investors wagered the Federal Reserve has reached the end of its 16-month long policy-tightening cycle.

Investing.com — U.S. stocks were rising after a stronger-than-expected report on economic output for the second quarter put the Dow on a path for the best winning streak in 36 years.

Investing.com — U.S. stock futures edge higher as traders weighed comments from Federal Reserve chair Jerome Powell following the central bank's decision to resume its long-standing tightening cycle. Elsewhere, Meta Platforms delivers a second-quarter earnings beat and sounds a positive note on its massive bet on artificial intelligence, while chipmaker Intel is due to report its latest results after the bell.

Investing.com — Economic growth in the U.S. accelerated in the second quarter as activity remained largely resilient in the face of an aggressive bout of Federal Reserve policy tightening.

Federal Reserve chair Jerome Powell hinted at further rises, adding that there was a “long way to go” before inflation might be completely vanquished.

cryptocurrency markets were majorly trading higher on Thursday after the US Federal Reserve stuck to script with a 25 basis-point rate hike. The Fed as anticipated lifted its benchmark lending rate to a range between 5.25% and 5.5%, with Chair Jerome Powell saying during a press conference that the central bank would let data determine whether to hike again. Bitcoin (BTC) surged 0.67% to $29,429, whereas Ethereum (ETH) was above the 1,850 level. BTC volume in the last 24 hours stood at approximately $12.96 billion, rising 20.32% in the last 24 hours. «After the US Federal Reserve raised its interest rates by 25 basis points, as expected by the market, there was a mild uptick in most cryptocurrencies. Bitcoin, which had previously dipped to a low of US$29,097 on Tuesday, has now shown signs of recovery, surpassing the US$29,400 level,» Edul Patel, Co-founder and CEO at Mudrex, said.

US Federal Reserve raised its benchmark lending rate on Wednesday (July 26) to the range of 5.25 per cent - 5.50 per cent, the highest level since 2001, and also signalled that the war against inflation will stretch, with a possibility of further increases ahead. Federal Reserve Chair Jerome Powell said it is possible the central bank will follow its latest rate rise with another one at the policy meeting scheduled for September, or it may even take a pause, depending on the macro data.

Investing.com — European stock markets are expected to open higher Thursday, as investors digest comments from Fed Chair Jerome Powell ahead of the latest European Central Bank meeting.

By Michael S. Derby

Investing.com — Most Asian stocks rose on Thursday as appetite for risk-driven markets was boosted by the Federal Reserve raising interest rates as expected and downplaying the prospect of a U.S. recession this year.

Investing.com — Most Asian currencies rose on Thursday, benefiting from weakness in the dollar after the Federal Reserve hiked interest rates as expected, but also downplayed expectations for a U.S. recession this year.

By Davide Barbuscia and David Randall

By Rae Wee

US Federal Reserve raised interest rates, which analysts believe to be the last rate hike by the central bank. The local unit opened at 81.93 as compared to the previous close of 82.00. The US Fed hiked interest rates by 25 bps to a target range of 5.25-5.5%, on the expected lines, bringing US benchmark funds rate to the highest level since 2001 to tackle sticky, high inflation.