Indian government bonds and the rupee are likely to come under pressure after the Fed opened the door to more and faster-than-anticipated rate hikes.
Stocks hold gains as Fed promises interest rate hike ‘soon’
Interest Rate Hike: Wall Street defended its strong gains Wednesday afternoon as the Federal Reserve said it was getting ready to raise interest rates.
The Fed is getting ready to raise interest rates
The Federal Reserve is getting ready to raise interest rates, the central bank said in its monetary policy update Wednesday. But it kept rates near zero for now. “With inflation well above 2% and a strong labor market, the Committee expects it will soon be appropriate to raise the target range for the federal funds rate,” the Fed statement read. The centralbank slashed rates to near zero in March 2020 when the pandemic took the US economy into a choke hold.
Silver Price Forecast: Technical Outlook By Neal Bhai [27-01-2022]
Gold Price Forecast: The non-yielding metal sits near the 50% Fibonacci retracement drawn from the last pivot low at $22.81 to the highest of the year at $24.70. Earlier in the session, it reached below of it, near the 61.8% Fibo level at $23.53, though it bounced back immediately.
Gold Ready to Move Target price $1877 By Neal Bhai [26-01-2022]
Gold Forecast For Today: The Gold prices (yellow metal) is facing static resistance at $1,855. A dovish Fed should lift Gold above that level and open the door for an extendedrally toward $1,877, where the October-December uptrend ended.
Budget 2022 Expectations For Key Sectors From Top Brokerages
Budget 2022 Expectations: From fiscal consolidation path to bond and asset sales, analysts say budget proposals will impact market volatility amid domestic and global uncertainties.
Hindustan Aeronautics Receives Rs 109.58 Crore Income Tax Refund
Shares of Hindustan Aeronautics Ltd. rose as much as 5.67%, the biggest intraday gain in over three months, to Rs 1,438 apiece, after the company received an income tax refund of Rs 109.58 crore (including an interest of Rs 25.96 crore) for the Assessment Year 2007-08(Financial year 2006-07).