Thu, Nov 02, 2023
Powell said the better course of action for now, given the uncertainties, was to maintain the Fed's benchmark overnight interest rate in the current 5.25 per cent-5.50 per cent range, and see how job and price data evolve between now and the next policy meeting in December.
Wed, Nov 01, 2023
With financial markets expecting the U.S. central bank to keep interest rates on hold at the end of a two-day policy meeting on Wednesday, policymakers now have to judge whether the economy's stronger-than-anticipated performance is a last gasp of the consumer splurge that began during the COVID-19 pandemic, or evidence that monetary policy still isn't strict enough to fully return inflation to the Fed's 2% target.
Sun, Oct 29, 2023
The trading activity of foreign investors and the movement of global oil benchmark Brent crude will also be tracked.
Fri, Nov 06, 2020
The US Federal Reserve has kept its benchmark interest rate unchanged at the record-low level of near zero while making no change to its pace of asset purchases amid election uncertainty and coronavirus resurgence concerns.
Sun, Aug 02, 2020
Wall Street's major averages posted mixed results in the week as investors digested the US Federal Reserve's latest policy statement and a slew of grim economic data.
Mon, May 11, 2020
Data released on May 8 by the Bureau of Labor Statistics (BLS) showed that US employers cut a staggering 20.5 million jobs in April, erasing a decade of job gains since the global financial crisis and pushing the unemployment rate to a record 14.7 per cent.
Thu, Apr 30, 2020
In order to support the flow of credit to households and businesses, the Fed will continue to purchase Treasury securities and agency mortgage-backed securities "in the amounts needed" to support smooth market functioning, thereby fostering effective transmission of monetary policy to broader financial conditions.
Wed, Mar 11, 2020
A brutal global equities sell-off on Monday, sparked by a plunge in oil prices, has raised expectations of further policy easing by some of the world`s most influential central banks to shield economic growth from the coronavirus pandemic.
Tue, Mar 03, 2020
The U.S. Federal Reserve cut interest rates on Tuesday in an emergency move designed to shield the world's largest economy from the impact of the coronavirus. In a statement, the central bank said it was cutting rates by a half percentage point to a target range of 1.00 pct to 1.25 pct
Sun, Dec 15, 2019
Everyone knows that PM Narendra Modi-led government laid huge emphasis on its ambitious project of Digital India, and Unified Payments Interface (UPI).
Thu, Dec 12, 2019
The central bank also adjusted its macroeconomic projections, reducing its economic growth forecast for 2020 from 2.2 to 2 per cent and stating that it expected unemployment to remain at 3.6 percent this year and end next year at 3.5 per cent.
Fri, Oct 04, 2019
The Fed has cut rates twice this year as U.S. businesses were hit by rising trade tensions with China, political risk including Britain`s potentially chaotic divorce from the European Union, and weakening economic growth in Germany and elsewhere.
Fri, Sep 20, 2019
The U.S. Federal Reserve cut interest rates again on Wednesday to help sustain a record-long economic expansion but signalled a higher bar to further reductions in borrowing costs, eliciting a fast and sharp rebuke from President Donald Trump.
Thu, Sep 12, 2019
The president has been attacking Powell, who he named to head the Federal Reserve, and monetary policy makers for months for not cutting interest rates to stimulate the economy, which is still growing and boasts a strong labour market.
Tue, Sep 10, 2019
On Monday, Industry body SIAM figures revealed that monthly passenger vehicle and car sales recorded their steepest fall ever in August, highlighting the continued slowdown in the sector amid assurances by the government for revival.
Thu, Aug 01, 2019
Fed Chairman Jerome Powell had strongly hinted earlier this month that the benchmark rate would be lowered at the July meeting of the Federal Open Market Committee due to persistent trade tensions, global weakness and a notable slowdown in business investment.
Sun, Jul 21, 2019
Gold price prediction 2020: In India, gold prices have already clocked new high of Rs 36,000 in 10 gram (24 karat) in many cities.
Wed, Jun 26, 2019
If gold prices continue to shine, possibility is high demand could slow down especially in festive season.
Thu, Jun 20, 2019
The central bank noted that the US labour market "remains strong" and economic activity "is rising at a moderate rate" since May, while indicators of business fixed investment "have been soft" and uncertainties about the economic outlook "have increased."
Wed, Jun 19, 2019
The Indian rupee has been appreciating against the US dollar at interbank forex market over the past few days.
Thu, May 02, 2019
The U.S. Federal Reserve on Wednesday held interest rates steady and signaled little appetite to adjust them any time soon, taking heart in continued job gains and economic growth and the likelihood that weak inflation will edge higher.
Fri, Mar 29, 2019
The change in the Fed`s tone lines up with other major central banks which have recently turned dovish, influenced by increasing concerns of a global economic slowdown and political uncertainties like Brexit and the U.S.-China trade war.
Thu, Feb 28, 2019
Shares of UnitedHealth Group dropped nearly 5 percent around market close, as the overall healthcare sector was weighed down after a U.S. congressional hearing on medicines' prices in Washington.
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