US Federal Reserve
- World
US inflation jumped 7.5% in the past year, a 40-year high
Washington: Inflation soared over the past year at its highest rate in four decades, hammering America’s consumers, wiping out pay raises and reinforcing the Federal Reserve’s decision to begin raising borrowing rates…
- Business
South Korean economy faces heightened external economic risks
Seoul: The South Korean economy is on a recovery track, but external economic uncertainty remains high amid soaring energy costs and monetary policy shifts by the US Federal Reserve, a state-run think…
- Business
Rupee closes 2021 at 74.29, declines by 1.67 pc in year
Mumbai: The rupee rose by 13 paise to close at 74.29 against the US dollar on the last trading session of 2021, tracking positive domestic equities amid year-end dollar selling by banks…
- Business
Asian stocks fall on concern about virus, tighter Fed policy
Beijing: Asian stock markets followed Wall Street lower on Monday amid concern about the coronavirus’s latest variant and tighter Federal Reserve policy. Shanghai, Tokyo, Hong Kong and Sydney retreated at the start…
- Business
Bank of England raises interest rates to combat inflation
London: The Bank of England has raised interest rates to combat surging consumer prices, becoming the first central bank among the world’s leading economies to do so since the coronavirus pandemic began.…
- Technology
After India, US regulators to mull over crypto risks in 2022
San Francisco: The banking regulators in the US have announced a plan to clarify the rules and regulations around how banks can use cryptocurrencies over the next year, at a time when…
- Business
Rupee closes flat 73.68 against dollar as price rise concerns cap gains
Mumbai: The rupee pared its early gains to close flat at 73.68 against the US currency on Tuesday due to inflationary concerns and a muted trend in domestic equities. The US dollar…
- Business
Rupee rises 7 paise to 74.15 against US dollar in early trade
Mumbai: The Indian rupee gained 7 paise to 74.15 against the US dollar in opening trade on Friday, amid a muted trend in the domestic equities. Traders said the domestic unit is…
- Business
Rupee surges 12 paise to 74.25 against US dollar in early trade
Mumbai: The Indian rupee strengthened by 12 paise to 74.25 against the US dollar in early trade on Wednesday even as the domestic equity market was trading with significant losses. Traders said…
- Business
‘Pandemic continues to pose risks to economic outlook’
Washington: US Federal Reserve Chair Jerome Powell has said the Covid-19 pandemic continues to pose risks to the US economic outlook as the pace of vaccination has slowed. “Progress on vaccinations has…
- Business
US Federal Reserve cuts benchmark rate
Washington: The US Federal Reserve on Wednesday cut its benchmark interest rate by a quarter-percentage point to a target range of between 2-2.25 per cent. The widely expected move marks the first…
