FED
US stocks tick higher as Fed rate cut expectations firm
Stock values are slightly increasing today. Investors are awaiting economic data this week. This data will influence the Federal Reserve's decision on interest rates. AppLovin and Robinhood Markets will join the S&P 500. EchoStar will sell licenses to SpaceX. Japan's economy grew more than expected. Shigeru Ishiba plans to resign. Markets in Europe and Asia are mostly up.
US stock futures edge higher today: Dow, S&P 500, Nasdaq start the week in green as Wall Street bets on Fed cut and key inflation test
US stock futures edged higher today as Dow, S&P 500 and Nasdaq pointed to a green start for the week. Traders are betting on a September Fed rate cut after a weaker-than-expected jobs report, while gold hovered near $3,600 and treasury yields fell ahead of key inflation data.
Commodity Radar: Fed rate cut to boost gold's appeal. Buy on dips, says LKP Securities expert
Domestic gold prices surged to a lifetime high of ₹1,08,060 per 10 gm, supported by rupee weakness, Fed rate cut hopes, and safe-haven demand amid global economic and geopolitical uncertainties.
Gold pierces $3,600 mark as traders weigh Fed rate-cut bets
Gold prices hit a record high on Monday. This happened after weak job data in the United States. The data increased the expectation that the US Federal Reserve will cut interest rates. Spot gold increased. The rise was also driven by a weaker dollar and central bank buying. Investors are now waiting for the US inflation report.
Gold prices hold near record high as Fed rate cut bets, dollar weakness fuel rally. Analysts predict Rs 1.09 lakh target
Further, silver December futures on MCX were also trading lower at Rs 124079/kg, having fallen by Rs 618 or 0.5%
StanChart expects Fed to cut rates by 50 bps in September after weak US jobs data
Standard Chartered expects a 50 bps Fed rate cut in September after weak jobs data. BofA also sees two cuts this year. Further easing is unlikely due to inflation.
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StanChart revises Fed cut expectations to 50 bps in September after weak US jobs data
Standard Chartered anticipates a significant 50 basis point interest rate cut by the U.S. Federal Reserve at its September 17 meeting. This revised forecast follows weaker-than-expected August jobs growth and a rise in unemployment to 4.3%. The brokerage firm believes the rapidly softening labor market necessitates a more aggressive monetary policy response.
Gold hovers near record high on US rate-cut expectations
Gold prices remained near record highs, approaching $3,600, fueled by expectations of a U.S. Federal Reserve rate cut following a weak jobs report. Traders anticipate a 25-basis-point cut, with a small chance of a larger one. China's gold reserves increased for the tenth consecutive month, while speculators raised net long positions.
Trump's short list for Fed: Hassett, Warsh and Waller
President Trump is considering Kevin Hassett, Kevin Warsh, and Christopher Waller to succeed Jerome Powell as Federal Reserve chair, seeking leadership aligned with his interest-rate cut demands. Trump has criticized Powell's cautious approach, citing concerns about the economy.
US Treasury Secretary Bessent calls for big changes at Fed
U.S. Treasury Secretary Scott Bessent has urged a thorough review of the Federal Reserve, questioning its interest rate authority. He criticized the Fed's policies for allegedly fueling inflation and benefiting the wealthy, advocating for a shift in focus towards its core mandate.
Fed's Goolsbee says he's undecided on Sept rate cut, defends Fed independence
Chicago Fed President Austan Goolsbee remains undecided on a September rate cut despite recent job-market weakening data. He defended the Fed's independence, opposing any moves to undermine it. Goolsbee expects future nominees to take their roles seriously, amidst concerns about potential political influence from President Trump's nominee.
Trump's short list for Fed Chair: Kevin Hassett, Kevin Warsh and Christopher Waller
President Trump is considering Kevin Hassett, Kevin Warsh, and Christopher Waller to succeed Jerome Powell as Fed chair, seeking someone aligned with his desire for interest-rate cuts. This decision comes amid concerns about a softening labor market and Trump's criticism of Powell's cautious approach. The choice will significantly impact financial markets and the Fed's independence.
US stock market crashes — Dow, S&P 500, Nasdaq all lost after shocking August jobs report; possible Fed rate cut ahead
U.S. stocks swung sharply lower Friday after a surprisingly weak August jobs report reinforced the case for a Federal Reserve rate cut at its September 17 meeting. Stocks initially surged on the prospect of cheaper borrowing costs but quickly reversed as investors digested the economic slowdown behind the Fed’s likely pivot.
Will Fed chair Jerome Powell cut rates following the weak jobs report?
August jobs report marks the fourth consecutive month of cooling labor growth, strengthening the case for a rate cut at the Fed’s September 16–17 meeting. Chair Jerome Powell has already signaled that policymakers are monitoring the slowdown closely.
August Jobs Report Today — will Wall Street soar or sink?
August jobs report lands today with Wall Street on edge. After weeks of weak hiring data, rising jobless claims, and the worst August layoff announcements since the Great Recession, the labor market looks increasingly fragile. Traders are watching closely because these numbers could lock in the Fed’s next rate cut and determine whether stocks keep rallying or face a sharp pullback. Tech giants, homebuilders, and financials are all in play as investors prepare for the headline figures.
Not had talks with White House for longer-term Fed post: Nominee Stephen Miran
President Trump's pick for a short-term Fed post stated he hasn't discussed a longer-term nomination with the White House. This denial came after senators raised concerns about his potential vulnerability to presidential pressure on interest-rate votes due to his continued role as a White House economic advisor. Miran assured he would remain independent.
Trump's Fed nominee says he'd keep his White House job even if confirmed by the Senate
Stephen Miran, nominated by President Donald Trump for the Federal Reserve board, testified before the Senate. Miran stated he would keep his White House position even if confirmed for the Fed. He would take unpaid leave from the Council of Economic Advisers. He would only resign if nominated for a longer Fed term. Lawyers advised this arrangement.
US stock market: Dow, S&P 500, Nasdaq rebound after days of downturn on weak jobs data as Fed rate cut bets grow
US stocks bounced back on Thursday as the Dow, S&P 500, and Nasdaq rebounded after days of losses, lifted by weaker-than-expected jobs data that fueled fresh hopes for a Federal Reserve rate cut in September. The move came as investors also tracked Salesforce’s steep drop, American Eagle’s surprise rally, and Stephen Miran’s Fed confirmation hearing, keeping both Wall Street and Washington in sharp focus.
AI not affecting job market much so far, New York Fed says
There has been broad concern that AI could create major headwinds for hiring in the coming years, with the technology hitting highly-paid professional and managerial jobs the hardest.
Gold holds firm near record high on US rate-cut expectations
Gold prices remained stable near record highs. This was supported by global economic uncertainties. Expectations of a U.S. interest rate cut also played a role. Investors are now awaiting key U.S. jobs data. The U.S. Labor Department reported a fall in job openings. Fed officials suggest rate cuts are likely. Focus is now on U.S. non-farm payrolls data.
Gold extends record run on strong safe-haven inflows
Gold prices are hitting new records due to market uncertainty. Investors anticipate the U.S. Federal Reserve will cut interest rates. This expectation is boosting demand for gold. Donald Trump's administration is seeking a Supreme Court ruling on tariffs. The market is watching U.S. non-farm payrolls data. This data will influence the Fed's rate cut decision later this month.
ETMarkets Smart Talk: FIIs rotating to midcaps shows smart money chasing growth, says Aamar Deo Singh of Angel One
Aamar Deo Singh from Angel One highlights the market rally fueled by GST reforms and potential US Fed rate cuts. FIIs are shifting from largecaps to mid and smallcaps, targeting growth sectors like consumer discretionary and financials. Emerging themes such as AI, data centers, and semiconductors present long-term wealth creation opportunities in India.
Gold hits record high as US rate-cut hopes, softer dollar boost appeal
Gold prices surged to a record high, fueled by a weaker dollar and growing anticipation of a U.S. interest rate cut this month. Market sentiment is influenced by President Trump's criticism of the Federal Reserve's independence. Investors are closely monitoring upcoming U.S. non-farm payrolls data to gauge the extent of the expected Fed rate cut.
How the Fed losing its independence could affect Americans' everyday lives
President Trump's attempt to remove a Federal Reserve governor over alleged mortgage fraud has sparked concerns about the central bank's independence. Economists fear that political influence on the Fed could lead to lower interest rates, higher inflation, and increased borrowing costs. This action, along with potential changes to the Fed's structure, raises questions about its future stability and accountability.
What the end of Federal Reserve independence could mean
Donald Trump's action to dismiss a Federal Reserve board member sparks worries. Experts fear this move threatens the Fed's autonomy. Economists caution that political influence could lead to higher inflation. Lisa Cook's potential removal could shift the Fed's board control. The court will decide on blocking Cook's firing. The Fed's independence is crucial for economic stability.
FedEx layoffs shocker: why 611 Memphis workers are affected as Cummins moves operations — here’s what led to the massive shakeup
FedEx is set to lay off 611 Memphis workers after Cummins shifts its operations to Indianapolis. Here’s what led to the layoffs, how it impacts employees, and what it means for the local supply chain and community.
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