US FEDERAL RESERVE
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.
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.
White House's Hassett says Fed needs to be fully independent from Trump
Kevin Hassett, a leading candidate for Federal Reserve chair, emphasized the central bank's need for complete independence from political sway, even from President Trump. Hassett cautioned against leaders controlling central banks, citing historical examples where such actions led to inflation and economic hardship for consumers. He stressed that maintaining this autonomy is crucial for economic stability.
US stock market prediction: S&P 500, Dow Jones, Nasdaq outlook for Monday is out. What to know?
US stock market indexes S&P 500, Dow Jones, Nasdaq outlook for the upcoming Monday, September 8 is out.
Gold fever: Will central banks keep driving the golden surge?
Central banks' increasing appetite for gold is significantly influencing its surge, driven by diversification from the dollar, inflation hedging, and geopolitical uncertainties. Gold has surpassed the euro in reserve portfolios, reflecting a shift from US Treasuries amid global economic instability. While purchases may fluctuate, the trend indicates a continued strategic role for gold in safeguarding national wealth.
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Gold prices surge by Rs 6,500 in last 1 month to hit record high of Rs 1,07,807/10g. Time to book profit?
Gold prices are soaring. October futures reached a record high on MCX. This happened despite profit-taking before US jobs data. Global uncertainties and central bank demand support gold. The Federal Reserve might cut rates soon. Experts say gold remains bullish above Rs 1,06,450. A break above Rs 1,07,260 could lead to more gains. Analysts are optimistic about gold's future.
5 world market themes for the week ahead
Global markets brace for a week of pivotal economic data from the U.S., China, and Japan, alongside key central bank meetings. Investors are keenly awaiting the U.S. inflation report, influencing potential Federal Reserve rate cuts. Political uncertainties in France and Norway add to the market's cautious sentiment.
Black unemployment jumps to 7.5% as August jobs report shows economic cooling
Black unemployment rose 0.3% to 7.5% in August while overall US unemployment reached 4.3%. The jobs report showed only 22,000 new positions added, with Black Americans experiencing disproportionate job losses amid economic slowdown and federal employment cuts totaling 97,000 since January
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.
Euro zone bond yields lag US Treasuries after US economic data
Euro zone government bond yields lagged behind U.S. Treasuries, which dropped sharply after data releases on Friday, sending the spread between German and U.S. borrowing costs to its lowest level since early April.
Gold surges to fresh record high after soft US jobs data
Gold prices hit fresh record highs on Friday after a soft U.S. jobs report cemented hopes of a Federal Reserve interest rate cut, fuelling fresh momentum for bullion's blistering rally.
US labour market in doldrums as August hiring adds just 22,000 jobs — unemployment hits four-year high
US labour market in doldrums as the August jobs report showed only 22,000 new jobs, while the unemployment rate climbed to 4.3%, the highest in nearly four years. Businesses are slowing recruitment due to tariffs, weak demand, and rising costs, while revisions to past data revealed even fewer jobs than earlier reported. With fewer openings than job seekers for the first time since the pandemic, the latest US jobs report signals rising risks ahead.
Rupee hits record low on tariff jitters, but central bank caps decline
The Indian rupee hit a lifetime low on Friday, pressured by worries over U.S. tariffs, leaving traders on edge even as likely central bank intervention helped limit losses.
India bonds rise as fiscal worries ease, US peers up
Indian government bonds saw a slight increase. This is due to reduced worries about fiscal issues after tax changes. Also, higher U.S. Treasury yields boosted market confidence. The benchmark 10-year bond yield moved to 6.4814%. Market anticipates potential measures from the Reserve Bank of India. U.S.
India government bonds set to gain on fiscal relief, lower US yields to aid
Indian government bonds are likely to increase. This is due to smaller revenue loss from tax cuts. It has eased concerns about fiscal slippage. Falling US Treasury yields are providing support. The benchmark 10-year bond yield is expected to trade in a specific range. The Goods and Services Tax rates were cut to boost consumption.
Asian shares join global rally before US jobs data
Asian shares experienced early gains following a Wall Street rally fueled by signs of a cooling US labor market, reinforcing expectations of Federal Reserve rate cuts. Japan's Nikkei-225 surged after President Trump's trade agreement implementation. Investors are closely watching upcoming jobs data, hoping for a gentle deceleration that prompts Fed action without signaling deeper economic concerns.
US private payrolls miss expectations in August
U.S. private payrolls saw a smaller-than-expected increase in August, signaling a softening labor market. Private employment rose by 54,000 jobs, according to the ADP National Employment Report. Layoff announcements surged, and the number of unemployed people exceeded available positions for the first time since the pandemic.
Asian stocks rise as weak US jobs fuel Fed bets
Asian equities rose, mirroring Wall Street's gains, as weak US job openings data fueled expectations of a Federal Reserve interest-rate cut. Markets are pricing in a September cut and anticipating at least two reductions this year.
Euro zone bond yields lower at end of volatile day
Euro zone bond yields were set to finish a volatile day lower on Wednesday, as the recent global selloff eased with help from U.S. labour market data that supported bets on a Federal Reserve rate cut this month.
Gold extends record run as US rate-cut bets lift appeal
Gold prices continued their record-breaking surge, surpassing $3,500 per ounce, fueled by strong investor expectations of a U.S. Federal Reserve interest rate cut in September. The anticipation of lower interest rates and increased holdings in gold-backed ETFs are contributing to the precious metal's bullish momentum. Investors are closely monitoring upcoming U.S.
Gold at record highs: Can prices really touch Rs 1.20 lakh by 2025-end?
Gold prices have soared to a record high of Rs 1,06,539 per 10 grams on MCX, mirroring a global rally fueled by expectations of a U.S. Federal Reserve rate cut. Geopolitical tensions and a weak rupee further propelled the surge.
US dollar hits lowest since end-July ahead of US jobs data
The dollar hit a five-week low on Monday as investors looked ahead to a raft of U.S. labour market data this week that could affect expectations for the Federal Reserve's easing path.
Economists see slow US growth, stubborn inflation well into 2026
Economists predict sluggish US economic growth through 2026, hampered by tariff-driven inflation impacting consumers. GDP growth is projected to slow to 1.1% in the second half of the year, with consumer spending mirroring this pace. Despite expectations of easing inflation, it will likely remain above the Federal Reserve's 2% target, posing challenges for monetary policy.
Gold and silver hit record high; inflation fears drive prices
Gold and silver prices hit record highs, impacting consumers. Gold reached Rs 102388 per 10 gm, and silver hit Rs 117572 per kg. Investors are watching a key inflation report that could influence the US Federal Reserve's interest rate decisions. Concerns about the Federal Reserve's independence and a weaker US dollar are supporting gold prices.
Jim O’Neill named acting CDC head as Trump battles over fed and secret service protection
The CDC is facing a big leadership change as Jim O’Neill steps in without a medical background. At the same time, President Trump is making bold moves, including a legal fight over the Federal Reserve and changes to Secret Service protection. These events show rising political tension in health, security, and the economy.
Fed governor calls for rate cut at September policy meeting
Christopher Waller, a US Federal Reserve governor, suggests lowering the key interest rate. He expressed this view ahead of the next monetary policy meeting. Waller hopes this measure will protect the labor market. He aims to bring inflation back to the two percent target. President Donald Trump has also pushed for a rate cut.
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