Wednesday, 30 November, 2022
TopicUS Federal Reserve

Topic: US Federal Reserve

US CPI data leads to dollar’s biggest fall since 2009, fed may slow interest rate hikes

Equity markets soared, with Nasdaq surging more than 6%. But Cleveland Fed President Loretta Mester said that main risk to inflation is the central bank not hiking rates enough.

Global havoc in bonds, stocks, currencies: What it means for India

On Wednesday, US Federal Reserve hiked its Federal Funds Rate by 75 basis points. It spurred a global sell-off and led to the rupee crossing the psychological 80-to-a-dollar mark.   

Weaker rupee, higher inflation — Why US Fed raising rates is more bad news for Indian economy

Aggressive rate hikes will dampen demand & cause economic slowdown. In this uncertain scenario, India should avoid knee jerk policy responses & strengthen its macro-fundamentals.

With US Fed tightening, RBI seen prudent in spending forex reserves to defend rupee

Sources said that RBI is intervening in all foreign-exchange markets including the offshore markets and will continue to do so to protect the rupee which slid to a record low Monday.

Chief economic adviser flags US rate hikes, oil prices as headwinds for Indian economy

V. Anantha Nageswaran says he is surprised by Fed's hawkishness in hiking rates. With US inflation hitting 4-decade high in February, Fed raised rates in March and plans more hikes.

Fed’s hawkish pivot sends sovereign yields soaring to highs across Asia, Australia, NZ

With growing expectations that the Fed stance will spur rapid tightening from central banks all over, yields rose across regions including in Asia.

This is the message behind the stunning rally in gold prices – world economy is in trouble

Coronavirus has unleashed a torrent of forces that are conspiring to fuel relentless demand for the perceived safety from turmoil that gold provides.

China’s top leaders spar over street stalls, Greece’s tourism plan & other global Covid news

As the Covid-19 pandemic shows no signs of letting up, ThePrint highlights the most important stories on the crisis from across the globe.

You can flood the world with money but it’s losing its meaning

It’s been some time since people thought about the concept of money and its purpose. The broad idea is that money has value, but that value is not arbitrary.

Interest rate cut to counter coronavirus could backfire for economies like India

Interest rate cuts could push emerging economies such as India into a quagmire of runaway inflation and currency weakness.

On Camera

YourTurn

A group picture of Supreme court judges at Supreme Court in New Delhi | Praveen Jain | ThePrint

Ambedkar rejected collegium system, said CJI supremacy on judges’ appointment is dangerous

In May 1949, the Constituent Assembly debated the Collegium system, only to reject it thrice. Now the SC is assuming that role once again.
Representational image | Reuters

India’s economic growth at 6.3% for second quarter, slower than previous months

Government capital spending increased more than 40% during the quarter as it stepped up expenditure on roads to railways, according to official data on Wednesday.

Defence

A soldier with 'Arjun', a black kite trained to down enemy drones, during the Yudh Abhyas exercise being held in Auli, Uttarakhand | Suraj Singh Bisht | ThePrint

It’s a plane, no it’s a bird! Army’s training eagles & falcons to swoop down on hostile drones

The birds are also being trained for surveillance at Remount Veterinary Corps Centre in Meerut, with cameras fitted to their heads to record videos.

A Gujarat gamble: A likely reason Rahul is not giving Modi a fight this assembly election

I'd rather not buy idea that Rahul's holding his fire until 2024. More likely, Congress believes Karnataka offers best chance of winning a Gujarat-sized state if Gujarat is too challenging.