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Rupee 8 paise higher to close at 81.62 against US dollar

The rupee settled for the day 8 paise higher at 81.62 (provisional) against the American currency o…

PTI   


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Rupee falls 7 paise to close at 81.81 against US dollar

The rupee depreciated 7 paise to close at 81.81 (provisional) against the US dollar on Monday, trac…

PTI   


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1 min read

Sensex sheds 1,000 points and Nifty 331 as fear of a recession looms

Sensex closed at 51,495.79 points, down 1,045.60 points, or 1.99 per cent, whereas Nifty closed at …

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Fed's Powell says it's not yet time to consider shrinking emergency asset purchases

The US economic recovery is "highly uncertain" and it's premature for the Fed to tighten, Jerome Po…

Ben Winck   


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'Plenty of tricks up their sleeve': Here's what 4 experts think about the Fed's dismal economic forecast and extension of near-zero rates

The central bank elected to hold interest rates near zero on Wednesday following its two-day meetin…

Ben Winck   


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Fed officials pushed for clearer guidance on future policy, meeting minutes show

Central bankers agreed clearer forward guidance is "important" to effectively guiding markets and l…

Ben Winck   


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The Fed knows skyrocketing home prices are a problem but doesn't know what to do about it

Home prices surged in May at the fastest rate in 30 years. Minutes from the Fed's June meeting show…

Ben Winck   


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Fed raises concerns of slowing economic rebound in most recent meeting minutes

Officials acknowledged improvements in some economic indicators before noting that employment and s…

Ben Winck   


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Vaccination and stimulus are fueling a rebound for America's most depressed industries, Fed says

Inflation strengthened in recent weeks, the central bank said, but the uptick is consistent with th…

Ben Winck   


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Rupee falls 7 paise to 84.47 against US dollar in early trade

At the interbank foreign exchange, the rupee opened at 84.45 and moved in a tight range and tou…

PTI   


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The Fed has kept its foot on the gas for 14 months. It just started thinking about when to tap the brakes.

Officials said in April that if the recovery stays strong, it might be time to consider tapering it…

Ben Winck   


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The Federal Reserve hints it may hike rates twice in 2023 as inflation hits decade-plus highs

The Fed previously indicated rates would stay near zero through 2023. The estimates suggest officia…

Ben Winck   


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Fed officials fear lack of stimulus will stifle the US economic recovery, according to September meeting minutes

The Fed meeting came roughly three weeks before President Trump abruptly halted negotiations on a n…

Ben Winck   


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Fed risks tapering surprise, stock market shock as central bank's inflation forecast not 'credible', says Wharton's Jeremy Siegel

"I look at these inflation forecasts that the Fed put out, I don't find them credible at all," Sieg…

Isabelle Lee   


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Weighed down by a strong greenback, Rupee falls 7 paise to 82.08/USD

The rupee has fallen 7 paise to reach 82.08 against the US dollar in the early hours of Wednesday. …

PTI   


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3 mins read

The Fed hints it will soon raise interest rates as inflation lingers at its highest level since 1982

Fed officials didn't say exactly when the first rate hike will arrive, but signs point to an increa…

Ben Winck   


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There's a good chance Jerome Powell will lose his job as Fed chair due to left-wing pressure, JPMorgan says

Fed Chair Jerome Powell has won praise for his handling of the economy, but left-wing Democrats may…

Harry Robertson   


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The Fed thinks prices will keep rising and business will slow down for the rest of the year

Fed officials slashed their estimate for 2022 economic growth to 2.8% from 4% and upped their infla…

Ben Winck