Bitcoin News: The Federal Reserve has reduced interest rates for the first time since the early days of the COVID-19 pandemic, sending ripples through the cryptocurrency market. Bitcoin, the leading cryptocurrency, saw an uptick of about 3 percent in its value following the announcement on September 19, 2024. Bitcoin price record As of 9.08 am … Read more
After a record-breaking performance in the previous trading session, Indian market struggled to maintain those gains today, with frontline indices losing over 1%. This decline was influenced by a sell-off in global peers, driven by weak US manufacturing and labor market data that reignited recessionary fears. Sector-wise, the metal sector was the hardest hit, with … Read more
US Federal Reserve Chairman Jerome Powell on Tuesday testified before the Senate Banking Committee. Powell in his prepared testimony told Senators that inflation had been improving in recent months but more good data would strengthen the case for interest rate cuts. “More good data would strengthen our confidence that inflation is moving sustainably toward 2%,” … Read more
Edited excerpts: What are your key expectations from the Union Budget 2024? Do you expect growth-oriented measures or populist ones? As we approach Budget 2024, we anticipate a continued focus on advancing India’s digital public infrastructure, which is essential for achieving the $5 trillion economy dream. Enhanced government initiatives for financial inclusion, smart cities, AI … Read more
Gold will be able to sustain at higher levels only if the US Federal Reserve cuts rates and the US dollar starts declining against currency majors, said brokerage house Emkay in a recent note. “Gold prices moved up from the $2,050 base, where it was hovering around for a long time, to a new range … Read more
“Even compared to gold, silver is beginning to look good. Unlike gold, silver also has some linkage to industrial demand. The US leading indicator on industrial production is also looking good. So, all this put together bodes well for silver,” she says. Barring some legacy stock holdings, about 90% of Mehra’s investments are channeled through … Read more
However, in March 2024, some banks increased their fixed deposit rates. In the case of most banks, the current fixed deposit interest rates being offered are at a decadal high. So, are these the best interest rates on fixed deposits? And should you lock into these high fixed deposit rates? Let us discuss. Also Read: … Read more
Gold Prices Today: Gold prices extended gains on Wednesday, March 27, as investors awaited US inflation data that will throw further light on the US Federal Reserve’s policy path after the central bank kept interest rates unchanged for the fifth straight meeting this month. According to commodity market experts, gold prices have retraced from recent … Read more
Given the short week and the monthly expiry of futures, market experts anticipate some volatility, but the Nifty 50, as per analysts, would probably consolidate at higher levels. Furthermore, investors would be busy during this truncated week with US GDP data, other important economic data, and the opening of one mainboard IPO and a few … Read more