INFLATION RATE
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.
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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.
GST cut a near-term cushion, but tariff uncertainties and global risks keep India’s growth outlook delicately poised: Suvodeep Rakshit
GST rate cuts could cushion India’s economy against 50% US tariffs, supporting GDP by 0.3–0.5%. Consumption, income tax relief, and festive demand bolster growth, while inflation may ease to 4–4.5%. RBI could cut rates if growth slips below 6.5%, with trade talks and policy measures shaping near-term outcomes.
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%
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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.
Nominal GDP growth may miss FY26 target on soft inflation: CEA V Anantha Nageswaran
Chief Economic Advisor V Anantha Nageswaran anticipates a potential shortfall in nominal GDP growth compared to the budgeted 10.1% due to benign inflation. However, he remains optimistic about achieving the real GDP growth target of 6.3-6.8% despite US tariffs. GST reforms, expected good harvest, and direct tax relief should boost consumption.
RBI may cut rates in December; bond market outlook turning positive: Bandhan AMC’s Suyash Choudhary
Amid global trade tensions, India's bond market outlook is improving. Suyash Choudhary anticipates potential RBI rate cuts due to contained inflation and growth uncertainties. He suggests that most negative factors impacting yields have subsided, creating attractive opportunities for fixed-income investors across the yield curve.
ECB set to hold rates steady with eye on France crisis
The European Central Bank is anticipated to maintain steady interest rates amidst controlled inflation and eased US tariff tensions, despite a new political crisis in France. ECB President Christine Lagarde voiced concerns about the potential impact of French political turmoil on markets and borrowing costs.
US Stock market's worst performing month in past 35 years September is here. Top Stocks to pivotal factors - all you need to know
Tesla rose 3.6 per cent after proposing a payout package that could reach $1 trillion for its CEO, Elon Musk, if the electric vehicle company meets a series of extremely aggressive targets over the next 10 years.
Charting the Global Economy: Weak US jobs data to prod Fed rate cuts
Concerns about a potential US labor market downturn intensified following disappointing employment data, increasing expectations for Federal Reserve interest rate cuts. Globally, factory activity contracted, particularly impacting Europe's electric vehicle market and prompting innovative recruitment strategies in the defense sector.
Will Trump have to run from the economy?
President Trump faces economic headwinds as lackluster job numbers and rising inflation threaten his political standing ahead of the midterm elections. A recent poll indicates a significant drop in his economic approval rating, with voters prioritizing inflation concerns.
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.
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 bond market may be too sanguine about underlying fiscal, inflation risks
Some investors are worried about the United States bond market. They see risks from recent market moves. They are concerned about White House pressure on the Federal Reserve. This pressure is for interest rate cuts. Investors also worry about long-term fiscal risks. The bond market's health is a concern. Some think the market is underpricing risks.
GST reforms will cause Rs 3,700 crore revenue loss to govt: SBI report
SBI's research indicates that GST reforms, including rate reductions, will result in a minimal revenue loss of Rs 3,700 crore, contrasting with the government's estimate of Rs 48,000 crore. The GST Council's move to a two-tier structure is expected to positively impact the banking sector through cost efficiencies.
GST rate cut benefits should reach aam aadmi, FM Nirmala Sitharaman says
Finance Minister Nirmala Sitharaman asserted that the benefits of GST rate cuts must reach the common man. The Centre is closely monitoring the implementation of the new tax regime, effective September 22. Manufacturers, industry stakeholders, and even state governments will be held accountable if the promised relief is not passed on to citizens.
Festive GST bonanza may cool India’s inflation by up to 90 bps
India's GST Council has reduced tax rates on essential and household goods, effective September 22, coinciding with the festive season. Economists predict a 50-90 basis point moderation in inflation over the next year due to these cuts.
UK firms report biggest drop in employment since 2021 in BoE survey
A Bank of England survey reveals British businesses have significantly reduced employment, marking the largest drop in nearly four years. While wage growth is expected to slow, businesses anticipate persistent price pressures, complicating the outlook for inflation. This mixed data provides arguments for both sides of the debate on future interest rate cuts.
In order to keep prices in check, NCCF begins selling onions from vans in Mumbai at just Rs 24
The National Cooperative Consumers' Federation of India began selling onions at lower prices in Mumbai. Mobile vans are selling onions across the city's wards. This initiative aims to control retail inflation. The government is selling onions at Rs 24 per kg in Delhi, Mumbai, and Ahmedabad. This ensures onions are available at affordable rates.
US economy in recession soon? State-level data signals downturn ahead as Moody’s warns Trump’s tariffs add looming risk
U.S. economy may be closer to recession than Washington admits. Fresh state-level data shows key regions like California and New York already faltering, and Moody’s chief economist Mark Zandi warns Trump’s tariffs could accelerate the downturn nationwide.
Centre launches subsidised onion sale at Rs 24/kg in Delhi, Mumbai, Ahmedabad
The central government initiated subsidised onion sales in Delhi, Mumbai, and Ahmedabad at Rs 24 per kg. Union Food Minister Prahlad Joshi flagged off mobile vans for the sales. About 25 tonnes of onions from buffer stock will be sold through cooperative agencies. The subsidised sale will extend to Chennai, Guwahati, and Kolkata soon.
GST 2.0: Biggest gainers and losers of the new tax regime
India has announced revised Goods and Services Tax (GST) rates. Finance Minister Nirmala Sitharaman announced GST cuts on many items. The changes will impact good from dairy items to cars. New rates take effect from September 22. Daily use items see lower taxes. Cars, TVs, and cement also get tax cuts. Apparel costing over 2,500 rupees will see a tax increase.
Policy must go beyond stability, address structural factors limiting growth
The RBI's discussion paper reviews inflation targeting, questioning the output gap framework's suitability for India. The author argues that India's growth is structurally constrained, causing volatile inflation. He suggests the government should set inflation targets, holding the RBI accountable, and adopt a broader macroeconomic framework addressing structural issues beyond inflation targeting.
US economy: How can such good numbers cause such bad vibes?
Despite strong GDP growth, low unemployment, and a booming stock market, the US economy feels unsettling due to persistent inflation and emerging uncertainties like AI and trade shifts. While consumers initially benefited, rising debt and defaults, coupled with housing affordability issues, contribute to a sense of vulnerability.
UK 30-year gilt yield hits highest since 1998
British borrowing costs increased. Thirty-year gilt yields reached a high not seen in nearly three decades. Global government borrowing costs also rose. Concerns exist about high inflation in Britain. Heavy borrowing and slow economic growth are factors. Finance Minister Rachel Reeves may raise taxes. This could further challenge economic growth. Germany's 30-year yield also increased.
Wondering why RBI rate cuts haven't made your EMI bill lower? Herein lies the answer
The realities of the bond market, inflation expectations and fiscal uncertainties are complicating matters when it comes to rate cut transmission. Borrowers have been left waiting for relief as the intended benefits of the RBI's rate cut are not filtering through to the lending rates.
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