S&P 500 Rising on Hopes of Fed Mulling Slowdown in Rate Hikes

By Yasin Ebrahim Investing.com — The S&P 500 jumped Friday, as hopes that the Federal Reserve could slow the pace of rate hikes offset mixed quarterly results. The rose 2%, the gained 2% or 641 points, and the was up 1.84%. Growth sectors of the market rebounded following a slump a day earlier as eased … Read more

U.S. Futures Edge Down as Investors Eye Possible Fed Rate Path

By Scott Kanowsky  Investing.com — U.S. stocks are seen moving into the red on Monday, extending losses made on Friday and a weak handover from global shares, as investors mull over the potential for further central bank aggressiveness and whether these policies could trigger a widespread economic slowdown. At 07:01 ET (11:01 GMT), the contract was … Read more

Fastest growth rate in India, Congress shedding crocodile tears, says BJP

However, the BJP rejected the allegations of all the opposition parties, claiming that the Congress has no right to speak on this. Countering the allegations of rising inflation of the Congress, the BJP statd that the Congress should look at the rate of inflation during the tenure of the Manmohan Singh government. In a conversation … Read more

Jobs Report, Unemployment Rate, Participation: 3 Things to Watch

By Liz Moyer Investing.com — Stocks fell again on Thursday as investors held their breath for Friday’s much-anticipated report on jobs for September. On Wall Street, anxiety is growing over the possibility that the Federal Reserve’s aggressive actions to raise interest rates this year will overshoot the mark and take the economy into a recession. … Read more

Fed’s Daly Says Futures Market Wrong in Seeing 2023 Rate Cuts

(Bloomberg) — Federal Reserve Bank of San Francisco President Mary Daly said market anticipation of interest-rate cuts next year is misplaced, as the central bank aims to keep policy tight to secure 2% inflation. “I don’t see that happening at all,” Daly said Wednesday in an interview with Michael McKee on Bloomberg Television when asked … Read more

UK government has U-turned on plans to scrap top income tax rate

London, Oct 3 (IANS) The UK government has U-turned on plans to scrap the 45p rate of income tax, the chancellor has confirmed, BBC reported. Kwasi Kwarteng told BBC that the proposals, announced just 10 days ago, had become “a massive distraction on what was a strong package.” “We just talked to people, we listened … Read more

RBI repo rate hike: Not much of an impact on home loan borrower

They also said the hike in the equated monthly instalments (EMI) for a borrower may be about 8-15 per cent. “Though the RBI has been increasing the repo rate (RBI’s lending rate to the banks) recently, not all the housing finance companies have passed the rate hike to their borrowers. Further the repo rate hikes … Read more

RBI rate hike on expected line, says Kerala Inc

Kochi, Sep 30 (IANS) Leading industrialists and bankers in Kerala have welcomed the rate hike decision taken by the Reserve Bank of India‘s Monetary Policy Committee (MPC), as they say these measures are timely and calibrated to address the growing concerns about spiralling inflation while supporting overall economic growth. The MPC decided to hike the … Read more

RBI does not have fixed dollar:rupee exchange rate: Governor

Chennai, Sep 30 (IANS) The Reserve Bank of India (RBI) does not have any fixed dollar: rupee exchange rate and its market interventions are to curb excessive volatility, said Governor Shaktikanta Das. He also said the aspect of adequacy of forex reserves is always kept in mind while RBI intervenes in the forex market. The … Read more