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2 mins read
Fed trims interest rates by 50 basis points, gold prices touch record-high
Per chairman Jerome Powell, the decision was taken in light of easing inflationary pressures in the…
2 mins read
Fed meeting starts today, rate cut on the cards. Here’s what experts are saying
The US Federal Reserve's meeting, starting today, is expected to announce changes in interest rates…
4 mins read
RBI likely to keep interest rate unchanged at 6.5%, say experts
Reserve Bank of India (RBI) is likely to keep the key interest unchanged at 6.5% on Thursday, and w…
PTI
3 mins read
Gold prices drop by Rs 5,000/10gm post Budget; bring cheers to retail investors
After the duty cut, the yellow metal has declined Rs 5,000 per 10 grams or 7.1% in the past three s…
PTI
4 mins read
Status-quo on interest rate likely, say experts ahead of RBI's policy review
The Reserve Bank of India is expected to maintain the current repo rate at 6.5% in its upcoming pol…
PTI
3 mins read
RBI unlikely to cut interest rate in 2024, food inflation to be deciding factor, says SBI chief Setty
The US Federal Reserve's first cut in interest rates in more than four years happened today, tr…
2 mins read
Rupee gains 8 paise to close at 81.22 against US dollar
At the interbank foreign exchange market, the local unit opened at 81.08 and touched an intra-…
PTI
3 mins read
To fight sky-high inflation, the Federal Reserve just raised interest rates three times faster than usual — and the most since since 1994
The central bank lifted its benchmark interest rate by three-quarters of a percentage point on Wedn…
Ben Winck
2 mins read
The Fed will hike rates by 75 basis points this week and it should push the US dollar to record highs, Jefferies says
Jefferies joins Barclays in expecting the Fed to raise interest rates by 75 basis points at its mee…
Carla Mozée
2 mins read
While aiming for a 'soft landing,' Fed Chair Powell warns that cooling inflation without plunging into a recession will be 'challenging'
There are several paths to "a soft or soft-ish landing," Powell said, but Russia's invasion of Ukra…
Ben Winck
4 mins read
The Federal Reserve paused its interest-rate hikes after 10 consecutive increases
The Federal Reserve announced it is holding interest rates steady at its Wednesday meeting after 10…
Noah Sheidlower
2 mins read
As Indian stock indices hit their peaks, analysts worry about high valuations
Indian stock indices traded largely steady on Thursday morning after their all-time highs reached i…
ANI
4 mins read
Fed Chair Powell was the economic hero of the pandemic recovery. Now America has turned on him as inflation torches wallets.
The Fed and its leader enjoyed a high approval rating as it rescued America from the pandemic. But …
Ben Winck
2 mins read
US stocks edge higher as investors digest Powell's outlook for aggressive rate hikes
St. Louis Fed President Bullard said Tuesday he's looking for the Fed to move faster on raising int…
Carla Mozée
2 mins read
The Fed's best tool for fighting inflation won't fix Americans' biggest problem: surging gas and food prices
The country needs to get to more sustainable inflation levels "so we can have the labor market that…
Ben Winck
1 min read
Look for the S&P 500 to drop in the first month after the Fed rate hike before shifting into recovery mode, CFRA says
Since 1994, the S&P 500 has fallen all five times in the first month of a rate-hike cycle but made …
Carla Mozée
2 mins read
Global stocks bounce back after volatile week as Fed chair Powell’s comments prop up risk appetite
Federal Reserve chair Jerome Powell downplayed the chances of larger interest rate hikes ahead, giv…
Hamza Fareed Malik
3 mins read
The Fed's first interest rate hike of the pandemic means car loans, mortgages, and credit card payments are getting pricier
The Federal Reserve raised rates by 0.25 percentage points on Wednesday, ending the near-zero rate …
Ben Winck
3 mins read
The Fed just made its first double-size rate hike in 22 years, and it's very likely more will follow, Powell says
"There is a broad sense on the committee that additional 50 basis point increases should be on the …
Ben Winck
3 mins read
The Federal Reserve lifts interest rates in first double-sized hike since 2000 — paving the way for much pricier mortgages, car loans, and other borrowing
The central bank raised its benchmark interest rate by a half percentage point on Wednesday, signal…