The Indian Rupee opened lower against the US dollar, falling over 20 paise to 94.71 due to the Federal Reserve's hawkish policy stance and a stronger global dollar. Despite this, market sentiment was boosted by a potential US-Iran agreement and ongoing trade talks between India and the US.
FOMC members' forecasts reveal a significant shift, with nine now predicting rate hikes in 2026, compared to none in March. The median dot plot also shows an upward revision for 2026 and 2027, indicating a more hawkish outlook.
The US Federal Reserve has decided to keep interest rates unchanged for the fourth time this year, under the new leadership of chair Kevin Warsh. Despite positive news for US borrowers, the ASX is anticipated to open lower following this announcement.
The US Federal Reserve kept interest rates unchanged on Wednesday. Policymakers, however, anticipate a rate hike later this year due to persistent inflation concerns. New projections show nine officials expect a hike by the end of 2026.
The U.S. Federal Reserve kept its benchmark interest rate unchanged at 3.5-3.75 percent, marking its fourth consecutive pause. At least half of policymakers anticipate a higher rate by year-end, with projections showing a rise in expected federal funds rate and PCE inflation.
The US Federal Reserve decided to maintain interest rates at 3.5-3.75% due to persistent inflation, driven by energy prices and Middle East conflict. Despite expectations, future rate hikes are possible by late 2027.
The US Federal Reserve kept interest rates unchanged for the fourth time this year, maintaining the range at 3.5% to 3.75%. New Chair Kevin Warsh presides over the decision amid elevated inflation and Middle East conflict uncertainty. Projections show a shift, with nine members now anticipating a rate hike this year, contrasting with earlier expectations of cuts.
The US Federal Reserve, under new chair Kevin Warsh, maintained its key interest rate at 3.5%-3.75%. While economic activity is solid, inflation remains elevated. Policymakers largely anticipate at least one rate hike before year-end, and the Fed revised its inflation forecast higher, expecting it to stay above target until 2028.
The U.S. Federal Reserve maintained its benchmark interest rate at 3.5-3.75% for the fourth consecutive meeting. This decision, the first under new Chair Kevin Warsh, comes amid economic concerns from the Middle East conflict and a recent rise in the consumer price index.
Gold prices may rise short-term as oil eases, but the US Federal Reserve meeting is crucial. A US-Iran deal on the Strait of Hormuz eased oil prices, boosting gold, though geopolitical details remain. India's gold imports fell due to duty hikes.
US and UK central banks are anticipated to maintain current interest rates this week. A recent Middle East peace deal is expected to reduce inflationary pressures, influencing these decisions. The Fed's new chair, Kevin Warsh, will be closely watched for his inflation outlook.
Kevin Warsh was sworn in as the new Federal Reserve chair, but his independence is questioned by Democrats and economists. Concerns linger over potential political pressure from President Trump, especially regarding interest rates, despite Warsh's assurances.
Kevin Warsh has been sworn in as the new US Federal Reserve chair. President Donald Trump emphasized the importance of Warsh's independence and urged him to focus on economic growth.
Asian markets saw gains Friday, boosted by optimism over US-Iran peace talks. However, rising oil prices and inflation worries persist, impacting interest rate expectations. Samsung workers voted on a wage deal, while Japan's inflation slowed.
President Trump's decision to swear in new Fed chair Kevin Warsh at the White House has raised concerns about the central bank's political independence. Critics, including Senator Elizabeth Warren, question Warsh's ability to remain impartial, citing his refusal to directly answer questions about the 2020 election during his confirmation hearing.
The US Federal Reserve proposed "skinny master accounts" for fintech and crypto-linked banks, offering limited payment access without traditional bank backstops. A temporary pause on Tier 3 account access requests is in place until Dec. 31, 2026.
Gold prices fell to a one-month low as rising oil prices and Middle East tensions increased market anxiety. Investors are concerned about potential inflation and higher interest rates, with a 50% chance of a Fed rate hike by December. India's foreign exchange reserves rose due to a significant jump in gold reserves.
Kevin Warsh, 56, confirmed as next Federal Reserve Chair with 54-45 Senate vote, succeeding Jerome Powell amid clashes over interest rates and inflation concerns.
In an extraordinary break from the diplomatic restraint typical of central banks, a dozen leaders of the world’s foremost monetary institutions issued a joint statement in January declaring their “full solidarity” with the US Federal Reserve and its embattled chair, Jerome Powell. “The independence of central banks is a cornerstone of price, financial and economic stability in the interest of the citizens that we serve,” they wrote. The move was intended to shore up the separation of monetary...
Hong Kong’s monetary authority held its base rate at 4% following the US Federal Reserve’s decision to keep its target rate in the 3.5-3.75% range. Fed chairman Jerome Powell said he would remain on the Fed board after his term ends on May 15 due to President Donald Trump’s legal battle against him. Analysts said the inflationary impact of the US-Israel war with Iran had reduced chances of a rate cut this year.
Bitcoin extended its two-day decline on Wednesday after the Fed held rates at 3½-3¾%, with BTC dropping to $74,937 below the 20-day SMA of $75,664. Analysts cited Middle East developments and uncertainty around the Fed's dual mandate. Hyblock CEO described the move as classic post-FOMC position squaring, while Glassnode noted Bitcoin trapped below market mean with weak demand preventing sustainable rallies.
Fed Chair Jerome Powell announced he will remain on the rate-setting board after his term ends May 15, defying Trump demands for rate cuts. The Fed held interest rates unchanged for the third time this year, citing elevated inflation and slow job growth. Meanwhile, the Senate banking committee confirmed Kevin Warsh as Powell's potential successor, who is expected to be more amenable to Trump's rate cut calls. Powell cited ongoing investigations into Fed renovations as reason to stay.
The extraordinary move would mean that Warsh will have his work cut out for him if he wants to deliver on Trump's demands for lower borrowing costs.
The Federal Reserve maintained interest rates at 3.5-3.75% citing upside inflation risks from rising global energy prices and Middle East uncertainty. Four of 12 FOMC members dissented—the highest since 1992—with Stephen Miran advocating for a cut while others objected to the policy statement's rate cut indication. Oil prices have climbed above $110/barrel from $70 before the US-Iran conflict began February 28.
