Rate Cut Financial News
10.05 / 18:47
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Rate Cut
Gold hits two-week high on US rate cut speculation; silver surges marginally
Akshaya Tritiya 2024: Gold price rises ₹41,000 in five years. Experts see up to ₹85K peak next year “Gold is driven higher by rise in festive demand in India with additional support from a weaker U.S. dollar, which is down on rising bets for an early rate cut by the U.S.
10.05 / 16:53
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How rate cut bets are changing after April jobs ‘shocker’
A surprisingly strong April jobs report is likely to “raise eyebrows” at the Bank of Canada, with economists and markets split on when interest rate cuts could begin.
10.05 / 10:59
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Nifty Metal spikes over 1.5% on US Fed rate cut hopes; Hindustan Zinc hits record high
Hindustan Zinc jumped over 18.65% to hit a new high of ₹541 apiece, and Hindustan Copper and Vedanta also gained over 4% in today's intraday trade. Other stocks such as Steel Authority of India, Jindal Stainless, JSW Steel, NALCO, Hindalco Industries, NMDC, Jindal Steel & Power, and Ratnamani Metals & Tubes are currently trading with gains between 0.5% and 2%. Recent U.S.
10.05 / 10:03
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Bitcoin Price Prediction as Weak U.S Jobs Data Spurs Rate Cut Hopes – Will BTC Surge?
Bitcoin (BTC) dipped slightly by 0.20%, settling at $63,000, yet maintains a bullish stance in the latest bitcoin price prediction. The rise in jobless claims to 231,000, the highest since August 2023, suggests a cooling U.S. labour market, prompting anticipatory actions by the Federal Reserve.
10.05 / 02:53
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Asia stocks rally on renewed global rate cut optimism
Asian stocks rose on Friday, on course for a third week of gains, while the dollar was on the back foot as fresh signs of an easing U.S. labour market stoked optimism around interest rate cuts this year ahead of next week's crucial inflation data. Sterling was steady at $1.2515, having touched over two-week low of $1.2446 on Thursday after Bank of England (BoE) paved the way for the start of rate cuts as soon as next month.
09.05 / 20:49
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Bank of England expected to wait for more evidence that inflation is under control before rate cut
The Bank of England is expected to maintain interest rates at a 16-year high of 5.25% Thursday, but a cut wouldn’t be a huge surprise as inflation falls from multi-decade highs
09.05 / 20:48
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Bank of England edges closer to rate cut, possibly in June, as it predicts below-target inflation
The Bank of England is keeping its main U.K. interest rate at a 16-year high of 5.25% though it gave a broad hint that a reduction could be on the cards as soon as June as inflation is forecast to fall below target
09.05 / 18:23
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BoE inches closer to rate cut as second policymaker backs easing
Bank of England (BoE) moved closer to cutting interest rates from a 16-year high after a second policymaker voted for lower borrowing costs and Governor Andrew Bailey said he was «optimistic that things are moving in the right direction.» Deputy Governor Dave Ramsden joined external member Swati Dhingra in calling for an immediate cut in the base rate from its current level of 5.25%, where it was held for the sixth straight meeting.
07.05 / 13:57
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US stocks open slightly higher on rate cut optimism
indexes opened slightly higher on Tuesday, with the S&P 500 and Nasdaq extending gains for a fourth straight session, buoyed by expectations that the Federal Reserve will ease monetary policy this year. The Dow Jones Industrial Average rose 6.7 points, or 0.02%, at the open to 38858.94. The S&P 500 rose 6.5 points, or 0.12%, at the open to 5187.2, while the Nasdaq Composite rose 9.1 points, or 0.06%, to 16358.343 at the opening bell.
07.05 / 09:33
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Rate Cut
Bitcoin jumps above $64,000 on Fed rate cut hopes; Toncoin, Polkadot climb up to 7%
US jobs data renewed bets that the Federal Reserve would likely ease rates this year. Bitcoin, the largest cryptocurrency by market value, rose 1.5% to $64,340, while the second-largest digital token, Ethereum, gained 3% to $3,184.
07.05 / 09:05
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Bitcoin Price Prediction: Hits $64,000 on U.S. Economic Slowdown, Rate Cut Hopes
Bitcoin failed to continue its upward trend despite multiple supporting factors such as a bearish US dollar and a dovish stance from the Federal Reserve. It lost some of its gains, dropping to around 63,400 and hitting an intraday low of 62,961.
07.05 / 02:45
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Asia shares rise on rate cut bets; RBA seen turning hawkish
Asian shares made 15-month highs on Tuesday on renewed confidence of U.S. interest rate cuts, while traders waited on a policy meeting in Australia later in the day and had a close eye on a falling yen. MSCI's broadest index of Asia-Pacific shares outside Japan was up 0.3% in early trade. Hong Kong shares traded marginally lower, having ridden a wave of heavy buying from mainland investors to lift the Hang Seng index more than 14% higher in a 10-day winning streak, its longest since 2018.
07.05 / 02:45
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Wall Street closes higher for third session on rate cut optimism
U.S. stock indexes closed higher on Monday, their third straight session of advances, as investors continued to gain hope that there was a greater chance of the Federal Reserve cutting interest rates this year. Expectations for rate cuts by the U.S. central bank have been tempered as the year has progressed, as inflation has proven stickier, and some investors had begun to worry they might not materialize at all, sending markets lower in April.
07.05 / 02:45
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Gold prices tick higher on US rate cut bets
Gold prices edged up for a second session on Tuesday, after recent economic data boosted bets that the Federal Reserve would cut interest rates later this year.
02.05 / 03:33
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Sensex Today Live Updates : India markets likely to open higher as US rate cut hopes remain alive; Q4 earnings in focus
Read the full story here.)Sensex Today Live : The Indian stock market indices, Sensex and Nifty 50, are anticipated to commence trading on a positive note this Thursday, despite a sense of caution due to mixed signals from global markets. Asian markets were on a downward trend, while the US stock market showed a mixed performance after the US Federal Reserve's monetary policy decision was announced.The US Federal Reserve maintained the benchmark interest rates as they were, expressing its dissatisfaction over the absence of significant progress in reducing inflation to its target of 2%.
01.05 / 16:49
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US Fed to unveil third policy decision for 2024 today: JPMorgan, Goldman Sachs expect first rate cut in July; here's why
Follow US Fed Meeting Outcome Live Updates: Powell-led FOMC to announce policy decision today, likely to hold key rates steady The US Federal Reserve will announce its third policy decision for 2024 later today. The US central bank has lifted its key lending rate to a 23-year high of between 5.25 and 5.50 per cent as part of a long-running battle to bring high inflation to its two per cent target.
30.04 / 16:01
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European Central Bank on track for June rate cut as key inflation metric eases
According to a flash estimate by Eurostat, services inflation, a key watcher for the ECB, eased to 3.7% from 4% in March after five months of no change. Core inflation, which excludes energy, food, alcohol and tobacco, fell to 2.7% in April from 2.9% the prior month. The year-on-year contribution of energy prices as a component of inflation continued to decrease, registering at -0.6% compared to -1.8% in March. Separate gross domestic product figures also released today (30 April) pointed to an improving picture for the eurozone in the first three months of the year, with quarter-on-q...
29.04 / 17:13
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Gold Prices
Gold prices decline as rate cut hopes ease, focus shifts to upcoming Fed meeting
Gold and silver rate today on 29-04-2024: Check latest rates in your city “Of particular importance is the US interest rate decision, which is poised to strongly impact Gold. Anticipation of two rate cuts could provide support for gold, whereas emphasis on higher rates for a longer duration may exert pressure. Hence, the week ahead is anticipated to be pivotal for gold markets," said Jateen Trivedi, VP Research Analyst - Commodity and Currency, LKP Securities.
29.04 / 17:13
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Oil prices decline amid Israel-Hamas peace talks, Fed rate cut expectations
Oil settles higher on Middle East supply woes, US inflation data limits gains; Brent at $89/bbl “Optimism prevailed from the start of the trading session as cooling of US bond yields and letdown in middle-east conflict coupled with a drop in crude oil prices generated a lot of enthusiasm amongst the investors. With the polling season on, the market is hoping for a clear mandate in favour of the ruling party. The two-day Fed's monetary policy meeting starting Tuesday will be closely watched by global investors, although markets doesn't expect any change in the policy outcome," said Prashanth Tapse, Senior VP (Research), Mehta Equities Ltd.
27.04 / 02:09
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Gold Prices
Gold prices end five-week rally on ease in Iran-Israel conflict, dent in US Fed rate cut buzz
Gold rate today: On account of ease in the Iran-Israel war buzz and dent in the US Fed rate cut speculations in the upcoming US Fed meeting, gold prices witnessed strong profit-booking last week. Gold futures contract on the Multi Commodity Exchange (MCX) for June 2024 expiry ended its five-week rally and finished at ₹71,486 per 10 gm level, ₹2,472 per 10 gm or around 3.35 percent lower from its record high of ₹73,958 per 10 gm mark that it touched on 12th April 2024.
25.04 / 18:05
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Gold prices down $100 from record-high on uptick in US Treasury yields; Q1GDP lowers Fed rate cut hopes
Gold prices today: The yellow metal trimmed gains on Thursday, April 25, as US Treasury yields rose after gross domestic product (GDP) data showed signs of persistent core inflation, which in turn, lowered expectations of the Federal Reserve cutting interest rates anytime soon. Spot gold firmed 0.3 per cent at $2,321.70 per ounce after rising as much as 0.8 per cent earlier in the session. Prices were down over $100 from an all-time high of $2,431.29 scaled on April 12, fueled by geopolitical turmoil.
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