[ad_1] Federal Reserve Bank of Atlanta President Raphael Bostic said it “may be time” to cut but he’s still looking for additional data to support lowering interest rates next month. Bostic reiterated that his timeline for anticipated cuts had moved up after inflation fell more quickly than he expected and the unemployment rate increased more […]
IT Stocks In Focus — Why Jefferies prefers TCS, Infosys over peers after recent outperformance – CNBC TV18
[ad_1] Brokerage firm Jefferies prefers shares of Tata Consultancy Services, and Infosys among the IT stocks, given their limited risk to earnings and the valuation comfort they offer. However, the brokerage remains selective within the entire IT sector as it sees limited scope for positive surprises to consensus expectations of US Dollar revenue growth of […]
US markets see profit booking ahead of Jerome Powell speech at Jackson Hole – CNBC TV18
[ad_1] US markets on Wall Street witnessed a bout of profit booking on Thursday after a strong recovery rally, a day ahead of US Federal Reserve Jerome Powell’s speech at the Jackson Hole symposium. The S&P 500 fell 0.9%, while the Dow Jones shed nearly 200 points. The Nasdaq was the underperformer as technology stocks […]
US Fed Minutes show several saw case for cutting rates in July – CNBC TV18
[ad_1] Several Federal Reserve officials acknowledged there was a plausible case for cutting interest rates at their July 30-31 meeting before the central bank’s policy committee voted unanimously to keep them steady. “Several observed that the recent progress on inflation and increases in the unemployment rate had provided a plausible case for reducing the target […]
S&P 500, Nasdaq snap eight-day winning streak as recovery rally takes a pause – CNBC TV18
[ad_1] Benchmark indices took a pause on Wall Street as they ended with modest losses in Tuesday’s trading session. The Dow Jones ended 60 points lower, the S&P 500 fell 0.2%, while the Nasdaq composite declined by 0.3%. The S&P 500 and the Nasdaq snapped an eight-day winning run. Another day of gains would have […]
S&P 500, Nasdaq see best run of 2024 as rally extends for eighth straight day – CNBC TV18
[ad_1] Benchmark indices on Wall Street continued to rally ahead of the Federal Reserve Symposium later this week at Jackson Hole. The Dow Jones added nearly 250 points on Monday, while the S&P 500 gained a percent. The Nasdaq Composite added 1.4% to close in on the 18,000 mark again. The S&P 500 and the […]
Jackson Hole symposium key for markets, EMs to gain from US rate cuts, says Lyn Alden Investment founder – CNBC TV18
[ad_1] The Jackson Hole Symposium, the annual economic conference hosted by the Federal Reserve Bank of Kansas City, and the actions of the US Federal Reserve are the key events to watch in the markets at present, says Lyn Alden, Founder of Lyn Alden Investment Strategy. Focusing on the likely US rate cuts, Alden also said that […]