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2 mins read
The Fed now expects just one interest rate cut this year — but there's still time for that to change, Powell says
The Federal Reserve held interest rates steady on June 12, with Powell leaving the door open for a …
Ayelet Sheffey
3 mins read
US Fed says further interest rate hike unlikely going ahead
US Federal Reserve Chair Jerome Powell said a further interest rate hike from here is unlikely and …
ANI
2 mins read
Rupee rises 6 paise to close at 83.13 against US dollar
The rupee appreciated 6 paise to close at 83.13 (provisional) against the US dollar on Thursday, su…
PTI
2 mins read
The economy needs to take one of these 2 paths before the Fed cuts interest rates, Powell says
While Jerome Powell said interest-rate hikes were "unlikely," he needs more confidence in inflation…
Ayelet Sheffey
2 mins read
India stock indices extend losses from past week
Indian stock market indices extended their losses from the previous week, though marginally, tracki…
ANI
2 mins read
The Fed's first rate cut of 2024 could come next month if the labor market slows
Markets are only pricing in a 10% chance of an interest-rate cut in July, according to the CME FedW…
Matthew Fox
2 mins read
The Fed confirms that Americans will have to wait longer for interest rate cuts
The Federal Reserve held interest rates steady on Wednesday, pushing back any hopes of an interest …
Ayelet Sheffey
2 mins read
Ahead of schedule: Why the Fed should cut rates in July, according to Mohamed El-Erian
Data is getting too negative for Mohamed El-Erian's liking, and he says the Fed needs to act quickl…
Filip De Mott
3 mins read
The Fed's next decision will likely mean Americans are going to wait a lot longer for any interest rate cuts
The booming jobs report and still-high inflation mean the Federal Reserve is likely to hold interes…
Ayelet Sheffey,Madison Hoff
5 mins read
How Fed Chair Jerome Powell's big decision could impact the upcoming presidential election
They say every vote matters in elections, but the biggest decision in November's presidential race …
Dan DeFrancesco
2 mins read
The Fed's timing for interest rate cuts won't have anything to do with the presidential election, Powell says
Former President Donald Trump said cutting interest rates this year would "help the Democrats" win …
Ayelet Sheffey
2 mins read
Jerome Powell rang the alarm on debt, saying it shouldn't be dumped on future generations
The US government is spending at an unsustainable rate and sticking future generations with the bil…
Theron Mohamed
4 mins read
Buckle up America: Powell says interest rates will likely stay higher for longer as inflation stubbornly refuses to come down
Fed Chair Jerome Powell said his confidence inflation will slow "is not as high as it was," meaning…
Ayelet Sheffey,Madison Hoff
2 mins read
Fed policy hasn't cooled the labor market and a 'serious consumer recession' could strike if services jobs tumble, real estate billionaire Barry Sternlicht says
The economy could tumble into a recession if the Fed sparks layoffs in this key sector, Barry Stern…
Jennifer Sor
2 mins read
Indian benchmark indices open lower tracking global trends
At the opening, Sensex dropped by 296.27 points, or 0.39 per cent, to 73,608.94, while Nifty declin…
ANI
2 mins read
US stocks slip as Fed Chair Jerome Powell reiterates rate cuts aren't imminent
Powell said cutting interest rates too soon poses a risk because "the job is not quite done" in tam…
Matthew Fox
2 mins read
Powell says Fed still expects to make 3 interest rate cuts this year
The Fed forecast in December there would be three interest rate cuts in 2024. Fed Chair Powell said…
Lloyd Lee
2 mins read
The Fed once again holds interest rates steady — with cuts expected later this year
The Federal Reserve announced interest rates will remain unchanged, staying in line with Powell's r…
Ayelet Sheffey
2 mins read
Markets will rebel if Trump or any president tries to control the Fed, Harvard economist says
"If you take away Fed independence, investors are gonna get jittery, inflation expectations are goi…
Filip De Mott
2 mins read
Trump allies are drawing up plans to make the Fed less independent, report says
Trump allies have drafted proposals to rein in Fed independence and align the central bank with the…