Russia’s central bank has cut its key interest rate by 50 basis points to 15.5 percent, in a move that surprised markets. Sixteen out of 24 analysts surveyed by Reuters had expected rates to remain unchanged.


Russia Cuts Rates Amid Economic Slowdown

If you have taken a home loan in the last few years, you would have probably noticed your EMI statements creeping up. And that’s not your imagination...Interest rates have been rising, and for borrowers, that means your cost of borrowing goes up too. But why does your EMI change every time the RBI hikes rates? And what can you do to manage the impact? Let’s break it down.

AI Comes To Financial Rescue, Builds Discipline?

Are you shocked by your rising home loan EMI every few months? You're not alone. In this video, we break down the key reasons why EMIs are increasing — from floating interest rates and repo rate hikes to hidden bank charges and loan tenure extensions. Learn how you can manage your EMIs better and avoid common financial traps in 2025. Must-watch for every homeowner or buyer!

Money Matters: Why Your Home Loan EMI Keeps Increasing

In a week marked by major political and economic uncertainty, the European Central Bank will reportedly take a big step and is expected to stand its ground. The ECB is likely to keep interest rates unchanged at 2 per cent. This reportedly comes despite growing fears of a potential 30 per cent tariff barrage from US President Donald Trump. According to Bloomberg reports, this announcement&nbsp;is due Thursday, which will be the last before a seven-week summer recess. Though there is no concrete US action yet, ECB officials have chosen&nbsp;a wait-and-watch tactic even as signs of economic strain begin to surface across Europe, Asia and Latin America. Inflation in Europe is almost near its target, but a stronger euro and fiscal trouble in France putting pressure on the outlook.&nbsp;From the Federal Reserve to the Bank of Japan, other Central Banks across the globe are also reportedly holding off major moves. In response to Trump’s widening trade war, as the economic data trickles in, September may see a wave of decisions that could reshape monetary policy.<h2>As Euro strengthens, ECB to play safe</h2>The ECB’s Governing Council is reportedly expected to stick to its “meeting-by-meeting” approach despite the rising risk. Policymakers see little reason to act in hassle as inflation near the 2 per cent target and no material impact yet seen from Trump’s tariff threats. However, the euro’s recent strength is a concern as it threatens to make European exports less competitive and could further reportedly drag inflation lower.&nbsp;Further clouding the regional outlook, France faces a potential political turmoil over its growing fiscal deficit. The ECB President Christine Lagarde is likely to acknowledge that growth risk remain “titled&nbsp;to the downside”, while it also signals that a possible cut in September can might be on the table depending on the incoming data, as per Bloomberg.<h2>What about Fed?</h2>In the United States, the Federal Reserve is reportedly in a communication blackout ahead of its July 29-30 policy meeting. But data scheduled this week will reportedly offer insights into the state of economy. Amid the growing pressure, Housing remains a weak spot.&nbsp;Bloomberg projects that in June, the existing home sales will show little movement, while new-home sales data, which will be out on Thursday, may post a slight recovery after a steep drop in May. Services PMI, durable goods orders, and S&amp;P Global’s manufacturing are also on the calendar. Though Feb Chair Jerome Powell will make brief remarks Tuesday at a banking conference, markets don’t expect any fresh policy signals before the July meeting.<h2>Asia</h2>Amid Trump’s tariffs saga, central banks across Asia are treading carefully. China’s loan prime rates data, which is expected on Monday, will reportedly remain unchanged. Meanwhile, India’s July PMIs on Thursday will reportedly offer a snapshot of business activity as domestic demand tries to offset slower global growth. Inflation data from Tokyo and factory output figure, which due Friday will help gauge consumer strength. While South Korea’s early export data, Taiwan’s employment numbers, and Singapore’s industrial production round out the region’s economic pulse.&nbsp;Australia, too, is in focus. Minutes from the Reserve Bank’s recent meeting, when it unexpectedly held rates, may signal how close it is to cutting again. RBA Governor Michele Bullock is set to speak on Thursday.<h2>UK</h2>In Britain, the economic picture remains fragile. Public finance data is due Tuesday, followed by key PMIs on Thursday and retail sales on Friday. Any negative surprises could heighten market pressure as the unemployment are rising and growth is faltering,The Bank of England will face lawmakers on Tuesday in a testimony on financial stability, after its recent report flagged risks tied to highly leveraged hedge funds and UK bond exposure.<h2>Emerging markets face inflation dilemma</h2>Several central banks in emerging markets are set to decide on interest rates this week. Turkey is reportedly expected to resume cutting rates on Thursday, potentially lowering its key rate to 43.5 per cent from 46 per cent. Nigeria, Hungary, Ukraine, and Russia also reportedly hold policy meetings.&nbsp;The Bank of Russia, in particular, may reportedly opt for a deeper cut following June’s 100 basis point reduction. As Nigeria sits at 22.2 per cent, with food and core prices rising again, inflation remains stubborn in many economies despite high rates.<h2>Latin America</h2>Under President Javier Milei, Argentina’s May GDP-proxy data, which is reportedly due Monday, could confirm a strong rebound. After liberalising currency controls and securing a $20 billion IMF deal, April’s economic activity rose nearly 8 per cent year-on-year, and forecasts for Q2 remain upbeat.&nbsp;Mexico, by contrast, is reportedly showing signs of strain. Economic activity data and mid-month inflation numbers is due mid-week and are likely to reflect slowing momentum. The central bank has reportedly hinted at slowing its easing cycle as inflation expectations remain high.&nbsp;In Brazil, mid-month inflation is reportedly expected to decline for a third straight reading, but market watchers remain cautious. 2025 inflation forecasts are still above the central bank’s target, despite falling prices.&nbsp;For now, global central banks reportedly appear to be holding their nerve. But the backdrop is shifting fast. Trump’s tariff threats, volatile currencies, and fragile political environments are forcing policymakers into a wait-and-see mode. As per Bloomberg, September could bring a flurry of rate cuts or at the very least, major course corrections. Until then, markets are in a holding pattern, scanning every data point for signs of what lies ahead. &nbsp; &nbsp;

For now, global central banks reportedly appear to be holding their nerve. But the backdrop is shifting fast. Trump tariff threats, volatile currencies, and fragile political environments are forcing policymakers into a wait-and-see mode.

In a week marked by major political and economic uncertainty, the European Central Bank will reportedly take a big step and is expected to stand its ground. The ECB is likely to keep interest rates unchanged at 2 per cent. This reportedly comes despite growing fears of a potential 30 per cent tariff barrage from US President Donald Trump. According to Bloomberg reports, this announcement is due Thursday, which will be the last before a seven-week summer recess. Though there is no concrete US action yet, ECB officials have chosen a wait-and-watch tactic even as signs of economic strain begin to surface across Europe, Asia and Latin America. Inflation in Europe is almost near its target, but a stronger euro and fiscal trouble in France putting pressure on the outlook. From the Federal Reserve to the Bank of Japan, other Central Banks across the globe are also reportedly holding off major moves. In response to Trump’s widening trade war, as the economic data trickles in, September may see a wave of decisions that could reshape monetary policy. As Euro strengthens, ECB to play safe The ECB’s Governing Council is reportedly expected to stick to its “meeting-by-meeting” approach despite the rising risk. Policymakers see little reason to act in hassle as inflation near the 2 per cent target and no material impact yet seen from Trump’s tariff threats. However, the euro’s recent strength is a concern as it threatens to make European exports less competitive and could further reportedly drag inflation lower. Further clouding the regional outlook, France faces a potential political turmoil over its growing fiscal deficit. The ECB President Christine Lagarde is likely to acknowledge that growth risk remain “titled to the downside”, while it also signals that a possible cut in September can might be on the table depending on the incoming data, as per Bloomberg. What about Fed? In the United States, the Federal Reserve is reportedly in a communication blackout ahead of its July 29-30 policy meeting. But data scheduled this week will reportedly offer insights into the state of economy. Amid the growing pressure, Housing remains a weak spot. Bloomberg projects that in June, the existing home sales will show little movement, while new-home sales data, which will be out on Thursday, may post a slight recovery after a steep drop in May. Services PMI, durable goods orders, and S&P Global’s manufacturing are also on the calendar. Though Feb Chair Jerome Powell will make brief remarks Tuesday at a banking conference, markets don’t expect any fresh policy signals before the July meeting. Asia Amid Trump’s tariffs saga, central banks across Asia are treading carefully. China’s loan prime rates data, which is expected on Monday, will reportedly remain unchanged. Meanwhile, India’s July PMIs on Thursday will reportedly offer a snapshot of business activity as domestic demand tries to offset slower global growth. Inflation data from Tokyo and factory output figure, which due Friday will help gauge consumer strength. While South Korea’s early export data, Taiwan’s employment numbers, and Singapore’s industrial production round out the region’s economic pulse. Australia, too, is in focus. Minutes from the Reserve Bank’s recent meeting, when it unexpectedly held rates, may signal how close it is to cutting again. RBA Governor Michele Bullock is set to speak on Thursday. UK In Britain, the economic picture remains fragile. Public finance data is due Tuesday, followed by key PMIs on Thursday and retail sales on Friday. Any negative surprises could heighten market pressure as the unemployment are rising and growth is faltering, The Bank of England will face lawmakers on Tuesday in a testimony on financial stability, after its recent report flagged risks tied to highly leveraged hedge funds and UK bond exposure. Emerging markets face inflation dilemma Several central banks in emerging markets are set to decide on interest rates this week. Turkey is reportedly expected to resume cutting rates on Thursday, potentially lowering its key rate to 43.5 per cent from 46 per cent. Nigeria, Hungary, Ukraine, and Russia also reportedly hold policy meetings. The Bank of Russia, in particular, may reportedly opt for a deeper cut following June’s 100 basis point reduction. As Nigeria sits at 22.2 per cent, with food and core prices rising again, inflation remains stubborn in many economies despite high rates. Latin America Under President Javier Milei, Argentina’s May GDP-proxy data, which is reportedly due Monday, could confirm a strong rebound. After liberalising currency controls and securing a $20 billion IMF deal, April’s economic activity rose nearly 8 per cent year-on-year, and forecasts for Q2 remain upbeat. Mexico, by contrast, is reportedly showing signs of strain. Economic activity data and mid-month inflation numbers is due mid-week and are likely to reflect slowing momentum. The central bank has reportedly hinted at slowing its easing cycle as inflation expectations remain high. In Brazil, mid-month inflation is reportedly expected to decline for a third straight reading, but market watchers remain cautious. 2025 inflation forecasts are still above the central bank’s target, despite falling prices. For now, global central banks reportedly appear to be holding their nerve. But the backdrop is shifting fast. Trump’s tariff threats, volatile currencies, and fragile political environments are forcing policymakers into a wait-and-see mode. As per Bloomberg, September could bring a flurry of rate cuts or at the very least, major course corrections. Until then, markets are in a holding pattern, scanning every data point for signs of what lies ahead.

Despite growing fears of a potential 30 per cent tariff barrage from US President Donald Trump, the ECB is likely to keep interest rates unchanged at 2 per cent.&nbsp;

ECB to hold rates as Trump tariff threat saga continues

A senior Bank of Japan policymaker has called for resuming interest rate hikes following a temporary pause to evaluate the impact of US tariffs, in a sign the central bank remains committed to moving away from its ultra-loose monetary policy as inflation pressures gather strength. According to Reuters, BOJ board member Hajime Takata said on Thursday that Japan was making steady progress toward achieving the central bank’s 2 per cent inflation target. He cited robust corporate profits and persistent labour shortages driving wages higher factors underpinning what he described as “home-made inflation.”&nbsp;While acknowledging the need to “wait and see” due to uncertainties over US trade policy under President Donald Trump, Takata emphasised that the BOJ should be ready to shift policy “nimbly” in response to any changes in the global economic environment. “My view is that the BOJ is currently only pausing its policy interest rate hike cycle, and should continue to make a gear shift after a certain period of ‘wait and see’,” Takata said in a speech on Thursday, as quoted by Reuters.<h2>Cautious optimism despite tariff risks</h2>Takata’s remarks, reported by Reuters, highlight the delicate balancing act facing the BOJ. The central bank ended its massive stimulus programme last year and raised short-term interest rates to 0.5 per cent in January, its first hike in over a decade. However, concerns about the economic impact of US tariffs prompted the BOJ to cut its growth forecasts in May.&nbsp;According to Reuters, while the BOJ remains cautious about external headwinds, Takata expressed optimism that Japan’s domestic inflation dynamics are strengthening. He argued that medium- and long-term price expectations are steadily rising, not only due to higher raw material costs but also sustained wage increases.&nbsp;“Japan is finally seeing signs of home-made inflation, a prerequisite for rate hikes,” Takata said, as per Reuters. However, he cautioned that US tariffs could weigh on Japan’s exports, capital expenditure, and corporate appetite for wage growth. Takata stated that the BOJ must assess these risks carefully before proceeding with further policy tightening.<h2>No clear timeline for the next hike</h2>Despite suggesting that rate hikes should resume, Takata offered no specifics on the timing of the BOJ’s next move, citing persistent uncertainty over the direction of US economic policy. “We can’t say now with any pre-set idea,” he said when asked about the prospect of another rate increase this year, according to Reuters.&nbsp;Takata also noted that if the US Federal Reserve were to cut interest rates to support the American economy, the divergence between the Fed’s easing bias and the BOJ’s tightening stance could drive up the yen and hit Japanese corporate profits.<h2>Breaking free from ‘false dawns’</h2>Takata underscored, as reported by Reuters, that Japan’s economy has experienced repeated “false dawns” in the past, brief recoveries derailed by global demand shocks. But he expressed confidence that this time could be different, with Japanese firms increasingly willing to raise both prices and wages. “My expectation is that Japan will see a ‘true dawn’ this time,” Takata said, according to Reuters.&nbsp;He added that while the long-term damage from US tariffs may be limited compared with the bilateral trade tensions of the 1990s, since Trump’s levies target a wide range of countries, the BOJ still needed to move cautiously. “I believe the BOJ should gradually and cautiously shift gears in its monetary policy,” he concluded, signalling support for a full, though careful, withdrawal of the central bank’s unconventional easing programme, as quoted by Reuters.&nbsp;(With inputs from the agencies) &nbsp;

Bank of Japan board member Hajime Takata urges a cautious return to rate hikes, highlighting Japan shift toward sustained, home grown inflation amid global trade uncertainties.

A senior Bank of Japan policymaker has called for resuming interest rate hikes following a temporary pause to evaluate the impact of US tariffs, in a sign the central bank remains committed to moving away from its ultra-loose monetary policy as inflation pressures gather strength. According to Reuters, BOJ board member Hajime Takata said on Thursday that Japan was making steady progress toward achieving the central bank’s 2 per cent inflation target. He cited robust corporate profits and persistent labour shortages driving wages higher factors underpinning what he described as “home-made inflation.” While acknowledging the need to “wait and see” due to uncertainties over US trade policy under President Donald Trump, Takata emphasised that the BOJ should be ready to shift policy “nimbly” in response to any changes in the global economic environment. “My view is that the BOJ is currently only pausing its policy interest rate hike cycle, and should continue to make a gear shift after a certain period of ‘wait and see’,” Takata said in a speech on Thursday, as quoted by Reuters. Cautious optimism despite tariff risks Takata’s remarks, reported by Reuters, highlight the delicate balancing act facing the BOJ. The central bank ended its massive stimulus programme last year and raised short-term interest rates to 0.5 per cent in January, its first hike in over a decade. However, concerns about the economic impact of US tariffs prompted the BOJ to cut its growth forecasts in May. According to Reuters, while the BOJ remains cautious about external headwinds, Takata expressed optimism that Japan’s domestic inflation dynamics are strengthening. He argued that medium- and long-term price expectations are steadily rising, not only due to higher raw material costs but also sustained wage increases. “Japan is finally seeing signs of home-made inflation, a prerequisite for rate hikes,” Takata said, as per Reuters. However, he cautioned that US tariffs could weigh on Japan’s exports, capital expenditure, and corporate appetite for wage growth. Takata stated that the BOJ must assess these risks carefully before proceeding with further policy tightening. No clear timeline for the next hike Despite suggesting that rate hikes should resume, Takata offered no specifics on the timing of the BOJ’s next move, citing persistent uncertainty over the direction of US economic policy. “We can’t say now with any pre-set idea,” he said when asked about the prospect of another rate increase this year, according to Reuters. Takata also noted that if the US Federal Reserve were to cut interest rates to support the American economy, the divergence between the Fed’s easing bias and the BOJ’s tightening stance could drive up the yen and hit Japanese corporate profits. Breaking free from ‘false dawns’ Takata underscored, as reported by Reuters, that Japan’s economy has experienced repeated “false dawns” in the past, brief recoveries derailed by global demand shocks. But he expressed confidence that this time could be different, with Japanese firms increasingly willing to raise both prices and wages. “My expectation is that Japan will see a ‘true dawn’ this time,” Takata said, according to Reuters. He added that while the long-term damage from US tariffs may be limited compared with the bilateral trade tensions of the 1990s, since Trump’s levies target a wide range of countries, the BOJ still needed to move cautiously. “I believe the BOJ should gradually and cautiously shift gears in its monetary policy,” he concluded, signalling support for a full, though careful, withdrawal of the central bank’s unconventional easing programme, as quoted by Reuters. (With inputs from the agencies)

BOJ’s Hajime Takata signals resumption of rate hikes, citing rising domestic inflation and wage growth despite US tariff risks.

BOJ board member signals rate hikes after pause to assess US tariffs

The stampede in global markets gathered momentum Monday, and investors piled into safe-haven assets as the fallout from US President Donald Trump's tariffs deepened. <o:p></o:p>The carnage in financial markets has analysts betting on five Federal Reserve rate cuts this year, up from just two last month.<o:p></o:p>
The Fed's dot plots project just two rate cuts this year. But traders have increased their rate cut projections to five this year on recession bets. <o:p></o:p>Last month, just two cuts were fully priced. That changed to three last week. Now, a total of 1.5 per cent cuts are priced in.<o:p></o:p>
The swaps market shows a chance of about 40 per cent that the Fed will lower rates by 0.25 per cent by next week in an emergency move. <o:p></o:p>Those rate cuts bets are for well before the Fed's next scheduled policy decision on May 7. The rapid repricing reflects the fear sweeping global markets.<o:p></o:p>
The yield on the US two-year bond, among the most sensitive to monetary policy, fell as much as 22 basis points to 3.43 per cent on Monday. <o:p></o:p>That comes after about 50 basis points fall in total since Trump announced the levies last Wednesday. The bond market is also signalling a Fed rate cut soon.<o:p></o:p>
<h2 class="MsoNormal">Will the Fed step in to stop the rut?<o:p></o:p></h2>
But will the US Central bank step in? Will it focus on the massive wealth loss from the bloodbath in markets, or will it look at surging prices from Trump tariffs instead?<o:p></o:p>
The Fed has previously voiced concerns about wealth losses from market slumps. However, stagflation risks are likely to limit the Fed's ability to intervene to support the economy. Still, market watchers expect the Fed to pre-empt the economic loss and step in.<o:p></o:p>
Trump, though, is showing little appetite to back down on aggressive trade tariffs announced last week. He told reporters on Sunday evening to "Forget markets for a second."<o:p></o:p>
He and his team dismissed investor fears of inflation and recession, offering no apologies for the turmoil sparked by sweeping global tariffs and defiantly insisting a boom is on the horizon.<o:p></o:p>
(With the inputs from the agencies)<o:p></o:p>

Business & Economy: The Fed's dot plots project just two rate cuts this year. But traders have increased their rate cut projections to five this year on recession bets.

The stampede in global markets gathered momentum Monday, and investors piled into safe-haven assets as the fallout from US President Donald Trump's tariffs deepened. The carnage in financial markets has analysts betting on five Federal Reserve rate cuts this year, up from just two last month. The Fed's dot plots project just two rate cuts this year. But traders have increased their rate cut projections to five this year on recession bets. Last month, just two cuts were fully priced. That changed to three last week. Now, a total of 1.5 per cent cuts are priced in. The swaps market shows a chance of about 40 per cent that the Fed will lower rates by 0.25 per cent by next week in an emergency move. Those rate cuts bets are for well before the Fed's next scheduled policy decision on May 7. The rapid repricing reflects the fear sweeping global markets. The yield on the US two-year bond, among the most sensitive to monetary policy, fell as much as 22 basis points to 3.43 per cent on Monday. That comes after about 50 basis points fall in total since Trump announced the levies last Wednesday. The bond market is also signalling a Fed rate cut soon. Will the Fed step in to stop the rut? But will the US Central bank step in? Will it focus on the massive wealth loss from the bloodbath in markets, or will it look at surging prices from Trump tariffs instead? The Fed has previously voiced concerns about wealth losses from market slumps. However, stagflation risks are likely to limit the Fed's ability to intervene to support the economy. Still, market watchers expect the Fed to pre-empt the economic loss and step in. Trump, though, is showing little appetite to back down on aggressive trade tariffs announced last week. He told reporters on Sunday evening to "Forget markets for a second." He and his team dismissed investor fears of inflation and recession, offering no apologies for the turmoil sparked by sweeping global tariffs and defiantly insisting a boom is on the horizon. (With the inputs from the agencies)

Traders see five Fed cuts in 2025 and the risk of an emergency move

After a third consecutive interest rate cut, Federal Reserve officials brought inflation worries back to the forefront as 2024 came to a close. The Fed did what markets expected Wednesday. But that didn't stop investors from dumping risk assets in droves.

Powell Says 2024 Inflation Forecast Has 'Kind Of Fallen Apart'

After a third consecutive interest rate cut, Federal Reserve officials brought inflation worries back to the forefront as 2024 came to a close. The Fed did what markets expected Wednesday. But that didn't stop investors from dumping risk assets in droves.



Asian stock markets were volatile as investors eyed key rate decisions from major central banks in a 24-hour frenzy, including the Federal Reserve, this week.

A key Asian stock gauge moved in a narrow range.

Following Monday's disappointing retail sales report, mainland Chinese shares managed a little increase while Hong Kong's sank, this indicates a lack of market momentum.

These changes followed a successful trading session on Wall Street, during which the NASDAQ 100 rose over 1 per cent to set a fresh all-time high.

The dollar was largely unchanged.

The yen recovered marginally following six days of losses ahead of the Bank of Japan's decision this week. The currency has fallen sharply, reaching 155 per dollar.

Oil prices levelled off following a dip, as disappointing economic data from China heightened worries about slowing demand in the world's largest oil importer.

Benchmark Brent crude traded below 74 dollars a barrel after slipping nearly one per cent in the previous session. Crude has been trading in a narrow range since mid-October.

The Fed and other major central banks are expected to announce interest rate decisions soon, so traders are being cautious.

This has kept gold steady. After a little increase on Monday, gold was trading at 2,650 dollars per ounce as investors analysed mixed US data.

(With inputs from the agencies)

Asian stock markets were volatile as investors eyed key rate decisions from major central banks in a 24-hour frenzy, including the Federal Reserve, this week. A key Asian stock gauge moved in a narrow range.

Asian stock markets were volatile as investors eyed key rate decisions from major central banks in a 24-hour frenzy, including the Federal Reserve, this week. A key Asian stock gauge moved in a narrow range. Following Monday's disappointing retail sales report, mainland Chinese shares managed a little increase while Hong Kong's sank, this indicates a lack of market momentum. These changes followed a successful trading session on Wall Street, during which the NASDAQ 100 rose over 1 per cent to set a fresh all-time high. The dollar was largely unchanged. The yen recovered marginally following six days of losses ahead of the Bank of Japan's decision this week. The currency has fallen sharply, reaching 155 per dollar. Oil prices levelled off following a dip, as disappointing economic data from China heightened worries about slowing demand in the world's largest oil importer. Benchmark Brent crude traded below 74 dollars a barrel after slipping nearly one per cent in the previous session. Crude has been trading in a narrow range since mid-October. The Fed and other major central banks are expected to announce interest rate decisions soon, so traders are being cautious. This has kept gold steady. After a little increase on Monday, gold was trading at 2,650 dollars per ounce as investors analysed mixed US data. (With inputs from the agencies)

Asian markets waver as investors await central bank rate decisions

New Delhi
Asian stock markets were volatile as investors eyed key rate decisions from major central banks in a 24-hour frenzy, including the Federal Reserve, this week.
A key Asian stock gauge moved in a narrow range.
Following Monday's disappointing retail sales report, mainland Chinese shares managed a little increase while Hong Kong's sank, this indicates a lack of market momentum.
These changes followed a successful trading session on Wall Street, during which the NASDAQ 100 rose over 1 per cent to set a fresh all-time high.
The dollar was largely unchanged.
The yen recovered marginally following six days of losses ahead of the Bank of Japan's decision this week. The currency has fallen sharply, reaching 155 per dollar.
Oil prices levelled off following a dip, as disappointing economic data from China heightened worries about slowing demand in the world's largest oil importer.
Benchmark Brent crude traded below 74 dollars a barrel after slipping nearly one per cent in the previous session. Crude has been trading in a narrow range since mid-October.
The Fed and other major central banks are expected to announce interest rate decisions soon, so traders are being cautious.
This has kept gold steady. After a little increase on Monday, gold was trading at 2,650 dollars per ounce as investors analysed mixed US data.
(With inputs from the agencies)

Asian stock markets were volatile as investors eyed key rate decisions from major central banks in a 24-hour frenzy, including the Federal Reserve, this week.



New Delhi Asian stock markets were volatile as investors eyed key rate decisions from major central banks in a 24-hour frenzy, including the Federal Reserve, this week. A key Asian stock gauge moved in a narrow range. Following Monday's disappointing retail sales report, mainland Chinese shares managed a little increase while Hong Kong's sank, this indicates a lack of market momentum. These changes followed a successful trading session on Wall Street, during which the NASDAQ 100 rose over 1 per cent to set a fresh all-time high. The dollar was largely unchanged. The yen recovered marginally following six days of losses ahead of the Bank of Japan's decision this week. The currency has fallen sharply, reaching 155 per dollar. Oil prices levelled off following a dip, as disappointing economic data from China heightened worries about slowing demand in the world's largest oil importer. Benchmark Brent crude traded below 74 dollars a barrel after slipping nearly one per cent in the previous session. Crude has been trading in a narrow range since mid-October. The Fed and other major central banks are expected to announce interest rate decisions soon, so traders are being cautious. This has kept gold steady. After a little increase on Monday, gold was trading at 2,650 dollars per ounce as investors analysed mixed US data. (With inputs from the agencies)

The US Federal Reserve's decision to cut rates by a big margin seven weeks before the vote has it fielding criticism from both political parties. It is in the Fed's best interest to keep its distance from politics. However, the Fed's daring move to boost the economy in the weeks leading up to a high-stakes election comes into the spotlight.

US Fed Spurring Economy Close to Election

The US Federal Reserve's decision to cut rates by a big margin seven weeks before the vote has it fielding criticism from both political parties. It is in the fed's best interest to keep its distance from politics. However, the fed's daring move to boost the economy in the weeks leading up to a high-stakes election comes into the spotlight. Take a look at this report for more.

US: First Rate Cut in Four Years Comes Amid the Presidential Race

The recent decision by the Federal Reserve to cut interest rates by 50 basis points has generated a wave of optimism regarding the US economy's trajectory. Goldman Sachs’ Chief Financial Officer, Denis Coleman, believes this significant reduction positions the economy well for a soft landing, despite uncertainties among market analysts about its potential effects on inflation and recession risks as detailed by CNBC in a report.

In a move that surprised some economists, the Federal Open Market Committee (FOMC) voted to lower its key overnight borrowing rate to a target range of 4.75 per cent to 5 per cent. This marks the first substantial cut since the onset of the COVID-19 pandemic and is seen as a pivotal moment in monetary policy since the financial crisis of 2008. The rates were reduced by 50 basis points on September 18.

Coleman shared his insights in an interview with CNBC, stating, "This initial 50 basis point reduction is a definitive indication of a new course. I hope it fosters additional confidence and reduces capital costs, potentially leading to strategic activities as we approach the year's end." He expressed optimism that this rate cut could stimulate economic activity, particularly as businesses work through backlogs and prepare for increased market engagement in 2025.

Some experts remain cautious<o:p></o:p>

Despite this positive outlook, some experts remain cautious about the long-term resilience of the US economy. Historical precedents reveal that previous significant rate cuts have not always succeeded in preventing recessions, notably during the early 2000s and the global financial crisis. Analysts are now closely monitoring whether this latest reduction will effectively manage inflation without triggering an economic downturn.

Coleman acknowledged these concerns but maintained a hopeful perspective regarding the current economic landscape. "Currently, that appears to be the consensus," he noted when discussing the potential for a soft landing. He pointed out that inflation rates are on a downward trend and unemployment levels remain manageable. The Fed's proactive approach to rate cuts is seen as a strategic effort to navigate these economic transitions successfully.

However, not all financial leaders share Coleman's optimism. Jamie Dimon, CEO of JPMorgan Chase, expressed a more cautious stance regarding the economic outlook. His comments highlight the ongoing debate among industry experts about the implications of monetary policy changes and their effectiveness in stabilising the economy.

As businesses and consumers adjust to this new interest rate environment, many are left wondering how these changes will impact spending and investment decisions moving forward. The Fed’s actions are intended to instill confidence in both markets and consumers, fostering an environment conducive to growth while managing inflationary pressures.

Hence, while Goldman Sachs’ CFO Denis Coleman champions the recent rate cut as a step towards a soft landing for the US economy, skepticism remains among some analysts who recall past economic challenges linked to similar monetary policy decisions.

As we move into 2025, all eyes will be on how these developments unfold and what they mean for American businesses and consumers alike. The balance between stimulating growth and controlling inflation will be crucial in determining whether this optimistic outlook can be realised or if caution will prevail in the months ahead.

The recent decision by the Federal Reserve to cut interest rates by 50 basis points has generated a wave of optimism regarding the US economy's trajectory. Goldman Sachs’ Chief Financial Officer, Denis Coleman, believes this significant reduction positions the economy well for a soft landing, despite uncertainties among market analysts about its potential effects on inflation and recession risks as detailed by CNBC in a report.

The recent decision by the Federal Reserve to cut interest rates by 50 basis points has generated a wave of optimism regarding the US economy's trajectory. Goldman Sachs’ Chief Financial Officer, Denis Coleman, believes this significant reduction positions the economy well for a soft landing, despite uncertainties among market analysts about its potential effects on inflation and recession risks as detailed by CNBC in a report. In a move that surprised some economists, the Federal Open Market Committee (FOMC) voted to lower its key overnight borrowing rate to a target range of 4.75 per cent to 5 per cent. This marks the first substantial cut since the onset of the COVID-19 pandemic and is seen as a pivotal moment in monetary policy since the financial crisis of 2008. The rates were reduced by 50 basis points on September 18. Coleman shared his insights in an interview with CNBC, stating, "This initial 50 basis point reduction is a definitive indication of a new course. I hope it fosters additional confidence and reduces capital costs, potentially leading to strategic activities as we approach the year's end." He expressed optimism that this rate cut could stimulate economic activity, particularly as businesses work through backlogs and prepare for increased market engagement in 2025. Some experts remain cautious Despite this positive outlook, some experts remain cautious about the long-term resilience of the US economy. Historical precedents reveal that previous significant rate cuts have not always succeeded in preventing recessions, notably during the early 2000s and the global financial crisis. Analysts are now closely monitoring whether this latest reduction will effectively manage inflation without triggering an economic downturn. Coleman acknowledged these concerns but maintained a hopeful perspective regarding the current economic landscape. "Currently, that appears to be the consensus," he noted when discussing the potential for a soft landing. He pointed out that inflation rates are on a downward trend and unemployment levels remain manageable. The Fed's proactive approach to rate cuts is seen as a strategic effort to navigate these economic transitions successfully. However, not all financial leaders share Coleman's optimism. Jamie Dimon, CEO of JPMorgan Chase, expressed a more cautious stance regarding the economic outlook. His comments highlight the ongoing debate among industry experts about the implications of monetary policy changes and their effectiveness in stabilising the economy. As businesses and consumers adjust to this new interest rate environment, many are left wondering how these changes will impact spending and investment decisions moving forward. The Fed’s actions are intended to instill confidence in both markets and consumers, fostering an environment conducive to growth while managing inflationary pressures. Hence, while Goldman Sachs’ CFO Denis Coleman champions the recent rate cut as a step towards a soft landing for the US economy, skepticism remains among some analysts who recall past economic challenges linked to similar monetary policy decisions. As we move into 2025, all eyes will be on how these developments unfold and what they mean for American businesses and consumers alike. The balance between stimulating growth and controlling inflation will be crucial in determining whether this optimistic outlook can be realised or if caution will prevail in the months ahead.

Fed's jumbo rate cut sparks optimism for US economic soft landing, says Goldman CFO

In a crucial turn of events, foreign investors have poured approximately Rs 33,700 crore into Indian equities throughout September 2024. This surge is largely attributed to the recent interest rate cut by the US Federal Reserve and the resilience of the Indian market. This influx marks the second-highest monthly investment this year, closely following March's impressive tally of Rs 35,100 crore as detailed in a report by the Press Trust of India. 

Further, due to the impressive buying by foreign institutional investors, Sensex and Nifty 50 have both scaled new record highs. Sensex has scaled an all-time high of 84,881 points, whereas Nifty 50 has touched a fresh all-time high of 25,925 as of early morning trade on September 23. 

The latest data indicates that total Foreign Portfolio Investment (FPI) in Indian equities has now reached Rs 76,572 crore for the year. Since June, there has been a notable shift from previous withdrawal trends to aggressive buying. The catalyst for this renewed interest was the US Federal Reserve's decision to reduce rates by 50 basis points on September 18, signaling a potential pivot towards lower interest rates in the near future.

Factors behind the investment surge<o:p></o:p>

Market analysts are optimistic about the implications of the Fed's rate cut. They anticipate that rates could stabilize around 3.4 per cent by late 2025. As US bond yields decline, emerging markets like India become increasingly attractive to foreign investors. V K Vijayakumar, Chief Investment Strategist at Geojit Financial Services, emphasized that "the trigger for the aggressive buying by FPIs was the 50 basis points rate cut by the US Federal Reserve on September 18," which he described as a significant pivot towards a new rate-cutting cycle.

In addition to favorable global economic conditions, several domestic factors are contributing to this surge in FPI interest. These include balanced fiscal deficits, robust economic fundamentals in India, and a resilient rupee that reflects growing confidence in India's financial stability. However, experts warn that while this influx is promising, it could lead to market overheating and inflated valuations.

&nbsp;Implications for the Indian market<o:p></o:p>

The flow of FPI capital has not only bolstered equity markets but also strengthened the Indian Rupee (INR), which appreciated by 0.4 per cent for the week ending September 20. This positive momentum is expected to further encourage foreign investments as global markets shift focus towards emerging economies.<o:p></o:p>

In addition to equities, FPIs have also invested significantly in debt instruments through various routes. Approximately Rs 7,361 crore was infused via the Voluntary Retention Route (VRR), which promotes long-term investments, while Rs 19,601 crore was invested through the Fully Accessible Route (FRR), enhancing liquidity for foreign investors.

Despite these positive developments, market experts remain vigilant about potential risks stemming from ongoing global volatility and recession fears. The actions of the Reserve Bank of India (RBI) will be crucial in determining future monetary policy direction and its alignment with global trends.

Therefore, the substantial infusion of FPIs into Indian equities underscores not only a growing confidence in India's market but also highlights a strategic shift towards emerging economies amid changing global financial dynamics. As these trends continue to evolve, stakeholders must remain attentive to both domestic and international developments that could shape investment landscapes in the coming months.

In a crucial turn of events, foreign investors have poured approximately Rs 33,700 crore into Indian equities throughout September 2024. This surge is largely attributed to the recent interest rate cut by the US Federal Reserve and the resilience of the Indian market.

In a crucial turn of events, foreign investors have poured approximately Rs 33,700 crore into Indian equities throughout September 2024. This surge is largely attributed to the recent interest rate cut by the US Federal Reserve and the resilience of the Indian market. This influx marks the second-highest monthly investment this year, closely following March's impressive tally of Rs 35,100 crore as detailed in a report by the Press Trust of India. Further, due to the impressive buying by foreign institutional investors, Sensex and Nifty 50 have both scaled new record highs. Sensex has scaled an all-time high of 84,881 points, whereas Nifty 50 has touched a fresh all-time high of 25,925 as of early morning trade on September 23. The latest data indicates that total Foreign Portfolio Investment (FPI) in Indian equities has now reached Rs 76,572 crore for the year. Since June, there has been a notable shift from previous withdrawal trends to aggressive buying. The catalyst for this renewed interest was the US Federal Reserve's decision to reduce rates by 50 basis points on September 18, signaling a potential pivot towards lower interest rates in the near future. Factors behind the investment surge Market analysts are optimistic about the implications of the Fed's rate cut. They anticipate that rates could stabilize around 3.4 per cent by late 2025. As US bond yields decline, emerging markets like India become increasingly attractive to foreign investors. V K Vijayakumar, Chief Investment Strategist at Geojit Financial Services, emphasized that "the trigger for the aggressive buying by FPIs was the 50 basis points rate cut by the US Federal Reserve on September 18," which he described as a significant pivot towards a new rate-cutting cycle. In addition to favorable global economic conditions, several domestic factors are contributing to this surge in FPI interest. These include balanced fiscal deficits, robust economic fundamentals in India, and a resilient rupee that reflects growing confidence in India's financial stability. However, experts warn that while this influx is promising, it could lead to market overheating and inflated valuations. Implications for the Indian market The flow of FPI capital has not only bolstered equity markets but also strengthened the Indian Rupee (INR), which appreciated by 0.4 per cent for the week ending September 20. This positive momentum is expected to further encourage foreign investments as global markets shift focus towards emerging economies. In addition to equities, FPIs have also invested significantly in debt instruments through various routes. Approximately Rs 7,361 crore was infused via the Voluntary Retention Route (VRR), which promotes long-term investments, while Rs 19,601 crore was invested through the Fully Accessible Route (FRR), enhancing liquidity for foreign investors. Despite these positive developments, market experts remain vigilant about potential risks stemming from ongoing global volatility and recession fears. The actions of the Reserve Bank of India (RBI) will be crucial in determining future monetary policy direction and its alignment with global trends. Therefore, the substantial infusion of FPIs into Indian equities underscores not only a growing confidence in India's market but also highlights a strategic shift towards emerging economies amid changing global financial dynamics. As these trends continue to evolve, stakeholders must remain attentive to both domestic and international developments that could shape investment landscapes in the coming months.

Foreign Investors inject Rs 33,700 crore into Indian equities, market hits record highs, amid US rate cut

The US Federal Reserve is widely expected to cut interest rates by 0.25% in its upcoming meeting on September 17-18. This potential rate cut could mark the start of the fourth major rate-cutting cycle in 25 years. Historically, when the Fed lowers rates, it has generally been good news for stocks.

What the upcoming Fed policy could mean for you

Monday saw a rise in Asian stock prices as investors looked to this week's crucial US inflation data for fresh clues about the state of the world's largest economy. The Yen has fallen further after touching a seven-month high last week.

Will the FED make quick, sharp rate cuts?

In a surprising turn of events, US consumer prices fell marginally, highlighting the view that the disinflationary trend is getting firmer and puts the Federal Reserve closer to interest rate cuts.

The Bureau of Labor Statistics reported Thursday that the all-items seasonally adjusted consumer price index dropped 0.1 per cent in June after it was unchanged the previous month.

It's the second month in a row with low readings in core CPI, boosting confidence among Federal Reserve officials that inflation is finally cooling.

The broad CPI rose 3.0 per cent in the 12 months through June, compared with a 3.3 per cent increase in May.

It is the weakest annual rise in a year. Economists surveyed by Reuters had expected a 0.1 per cent gain for June and a year-over-year increase of 3.1 per cent, showing how much of a surprise came in the figures.

The annual rise in consumer prices was at 9.1 per cent in June 2022, but the CPI remains significantly higher than measures monitored by the Federal Reserve for its 2 per cent inflation goal.

Other important measures for the Fed, PCE price indexes, climbed 2.6 per cent in May.

This also comes a few days after news that the unemployment rate ticked higher to 4.1 per cent in June from 4.0 per cent in May, which has not been this high since March 2020.

At the same time, economic growth has cooled in response to aggressive rate hikes by the Fed in 2022 and 2023.

Second-quarter gross domestic product is forecasted to rise at an annualised 1.8 per cent, well below the level concluded as strong enough to increase inflation, as considered by policymakers.

Although Federal Reserve Chair Jerome Powell acknowledged recent positive trends in price pressures, he remained cautious.

He told lawmakers this week that he wouldn't declare victory over inflation, saying "more good data would strengthen" the case for rate cuts.

With financial markets and many economists now considering that labour markets are cooling down and that the economy is slowing, they expect the Federal Reserve to kick off its easing cycle in September.

The central bank has left its benchmark overnight interest rate in the 5.25 per cent-5.50 per cent range since last July, following a 525 basis point hike to its policy rate since 2022.

Excluding food and energy—the two most volatile components—the CPI rose 0.1 per cent, following a 0.2 per cent increase in May.

A year ago, core CPI rose 3.3 per cent versus a 3.4 per cent increase in May, underscoring expectations that underlying inflationary pressures are continuing to cool.

(With inputs from Reuters)

In a surprising turn of events, US consumer prices fell marginally, highlighting the view that the disinflationary trend is getting firmer and puts the Federal Reserve closer to interest rate cuts.

In a surprising turn of events, US consumer prices fell marginally, highlighting the view that the disinflationary trend is getting firmer and puts the Federal Reserve closer to interest rate cuts. The Bureau of Labor Statistics reported Thursday that the all-items seasonally adjusted consumer price index dropped 0.1 per cent in June after it was unchanged the previous month. It's the second month in a row with low readings in core CPI, boosting confidence among Federal Reserve officials that inflation is finally cooling. The broad CPI rose 3.0 per cent in the 12 months through June, compared with a 3.3 per cent increase in May. It is the weakest annual rise in a year. Economists surveyed by Reuters had expected a 0.1 per cent gain for June and a year-over-year increase of 3.1 per cent, showing how much of a surprise came in the figures. The annual rise in consumer prices was at 9.1 per cent in June 2022, but the CPI remains significantly higher than measures monitored by the Federal Reserve for its 2 per cent inflation goal. Other important measures for the Fed, PCE price indexes, climbed 2.6 per cent in May. This also comes a few days after news that the unemployment rate ticked higher to 4.1 per cent in June from 4.0 per cent in May, which has not been this high since March 2020. At the same time, economic growth has cooled in response to aggressive rate hikes by the Fed in 2022 and 2023. Second-quarter gross domestic product is forecasted to rise at an annualised 1.8 per cent, well below the level concluded as strong enough to increase inflation, as considered by policymakers. Although Federal Reserve Chair Jerome Powell acknowledged recent positive trends in price pressures, he remained cautious. He told lawmakers this week that he wouldn't declare victory over inflation, saying "more good data would strengthen" the case for rate cuts. With financial markets and many economists now considering that labour markets are cooling down and that the economy is slowing, they expect the Federal Reserve to kick off its easing cycle in September. The central bank has left its benchmark overnight interest rate in the 5.25 per cent-5.50 per cent range since last July, following a 525 basis point hike to its policy rate since 2022. Excluding food and energy—the two most volatile components—the CPI rose 0.1 per cent, following a 0.2 per cent increase in May. A year ago, core CPI rose 3.3 per cent versus a 3.4 per cent increase in May, underscoring expectations that underlying inflationary pressures are continuing to cool. (With inputs from Reuters)

US consumer prices decline, bringing Fed closer to rate cuts

On Wednesday, the Federal Reserve chose to keep current interest rates unchanged, implying that any rate decreases may not occur until December. This decision is consistent with the Fed's assessment of an economy that has performed consistently across key parameters in recent years. Fed Chair Jerome Powell stated that the current economic conditions, which are marked by strong growth and low unemployment, do not need quick rate adjustments.<o:p></o:p>

<h2 class="MsoNormal">Focus on inflation and the labour market<o:p></o:p></h2>

Powell remarked that the Federal Reserve is content with its present rate policy until there is a dramatic change in economic signals, such as a sharp drop in inflation or an increase in unemployment. "These dynamics can continue for as long as they continue," Powell said at a press conference concluding the two-day policy meeting. He added that inflation had declined without significantly affecting the economy, implying that this trend may continue.<o:p></o:p>

Because of the Fed's conservative approach, inflation is likely to gradually fall to the 2 per cent target. The central bank's preferred inflation measure, the personal consumption expenditures (PCE) price index, is expected to remain essentially steady for the rest of the year, with only a quarter-point rate drop planned.<o:p></o:p>

<h2 class="MsoNormal">Market reactions and future projections<o:p></o:p></h2>

The market reacted positively, with the S&amp;P 500 and Nasdaq Composite indexes closing considerably higher. In reaction, the US currency and Treasury yields plummeted. Investors mostly maintained their forecasts for quarter-point rate cuts in September and December, suggesting confidence in the Fed's strategic posture.<o:p></o:p>

Powell admitted that future rate decreases would be based on thorough data analysis, including inflation patterns, labour market conditions, and overall economic development. "We don't make decisions about future meetings until we get there," he stated, highlighting the Fed's data-driven strategy.<o:p></o:p>

<h2 class="MsoNormal">Long-term economic outlook<o:p></o:p></h2>

Despite a weak first quarter, the Fed expects the economy to grow at an above-trend rate of 2.1 per cent this year, with unemployment remaining stable at 4 per cent. The policy statement underlined the persistence of strong employment gains and robust economic activity.<o:p></o:p>

The Federal Reserve also raised its long-term "neutral" rate, which is necessary to keep inflation under control while preserving growth, from 2.6 per cent to 2.8 per cent. This change reflects the Fed's forecast for longer-term inflationary pressures.<o:p></o:p>

Powell pointed out that, while the long-term rate adjustment has no direct impact on short-term rate projections, the Fed is regularly monitoring the restrictiveness of its monetary policy, which has been severely tightened over the previous two years to combat high inflation following the epidemic.<o:p></o:p>

(With inputs from Agencies)<o:p></o:p>

On Wednesday, the Federal Reserve chose to keep current interest rates unchanged, implying that any rate decreases may not occur until December. This decision is consistent with the Fed's assessment of an economy that has performed consistently across key parameters in recent years.

On Wednesday, the Federal Reserve chose to keep current interest rates unchanged, implying that any rate decreases may not occur until December. This decision is consistent with the Fed's assessment of an economy that has performed consistently across key parameters in recent years. Fed Chair Jerome Powell stated that the current economic conditions, which are marked by strong growth and low unemployment, do not need quick rate adjustments. Focus on inflation and the labour market Powell remarked that the Federal Reserve is content with its present rate policy until there is a dramatic change in economic signals, such as a sharp drop in inflation or an increase in unemployment. "These dynamics can continue for as long as they continue," Powell said at a press conference concluding the two-day policy meeting. He added that inflation had declined without significantly affecting the economy, implying that this trend may continue. Because of the Fed's conservative approach, inflation is likely to gradually fall to the 2 per cent target. The central bank's preferred inflation measure, the personal consumption expenditures (PCE) price index, is expected to remain essentially steady for the rest of the year, with only a quarter-point rate drop planned. Market reactions and future projections The market reacted positively, with the S&P 500 and Nasdaq Composite indexes closing considerably higher. In reaction, the US currency and Treasury yields plummeted. Investors mostly maintained their forecasts for quarter-point rate cuts in September and December, suggesting confidence in the Fed's strategic posture. Powell admitted that future rate decreases would be based on thorough data analysis, including inflation patterns, labour market conditions, and overall economic development. "We don't make decisions about future meetings until we get there," he stated, highlighting the Fed's data-driven strategy. Long-term economic outlook Despite a weak first quarter, the Fed expects the economy to grow at an above-trend rate of 2.1 per cent this year, with unemployment remaining stable at 4 per cent. The policy statement underlined the persistence of strong employment gains and robust economic activity. The Federal Reserve also raised its long-term "neutral" rate, which is necessary to keep inflation under control while preserving growth, from 2.6 per cent to 2.8 per cent. This change reflects the Fed's forecast for longer-term inflationary pressures. Powell pointed out that, while the long-term rate adjustment has no direct impact on short-term rate projections, the Fed is regularly monitoring the restrictiveness of its monetary policy, which has been severely tightened over the previous two years to combat high inflation following the epidemic. (With inputs from Agencies)

Federal Reserve holds interest rates steady, delays rate cuts

US consumer prices increased less than expected in April, suggesting that inflation resumed its downward trend at the start of the second quarter in a boost to financial market expectations for a September interest rate cut.

US inflation resumes downward trend, boosts rate cut hopes

Federal Reserve Chair Jerome Powell said the US central bank needs to be patient as it awaits more evidence that high interest rates are curbing inflation, doubling-down on the need to keep borrowing costs elevated. Watch in for more details!

US Fed likely to keep rates higher for longer to curb inflation

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Dubai leaks reveal Pak's grim economic inequality | US rate cut suspense continues

Easing inflation optimism has traders increasing their bets that the US Central Bank will act on its pivot to rate cuts sooner than expected. The US inflation rate has been on a downward trend in recent months. That has fueled hopes the federal reserve would be more amenable to cutting interest rates in the months to come.

Fed rate cut bets rise on easing inflation optimism

The European Central Bank (ECB) is likely to cut rates this year. A Bloomberg survey shows that majority of analysts believe the ECB will begin rate cuts from June.

Survey: Analysts believe ECB will begin rate cuts from June

Traders are betting that the Federal Reserve won't ease policy until may, as stronger-than-expected economic data and comments from central bankers diminish confidence in earlier interest-rate cuts.

US: Inflation concerns resurface

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