US Federal Reserve
- World
US Fed, undaunted by recent banking problems, raises interest rate
Washington: The US Federal Reserve on Wednesday raised interest rate by 25 basis points, which is modest compared to previous hikes aimed at curbing inflation but came amidst uncertainty about the banking…
- Hyderabad
Gold rates in Hyderabad, other cities set to go up: Experts
Hyderabad: Gold rates in Hyderabad and other cities will go up further if the US Federal Reserve hikes the interest rates by 25 basis points (bps) or lower along with “non-visible” or…
- World
US Fed approves quarter-point interest rate hike
Washington: The United States Federal Reserve approved a quarter-point interest rate hike on Wednesday (local time), indicating progress in Central Bank’s fierce battle with inflation, CNN reported. This decision comes after months…
- World
US Fed hikes interest rates by half percentage point
Washington: The US Federal Reserve on Wednesday raised interest rates by half a percentage point, which was less than the three-fourths on previous four occasions, in a sign that it feels these…
- Business
Smaller rate hikes likely coming in December: US Fed chairman
Washington: Jerome Powell, Chairman of the US Federal Reserve, said the central bank could pull back on the pace of its aggressive rate hikes as soon as December. “The time for moderating…
- World
US Fed raises interest rates by 75 basis points
Washington: In the backdrop of an over four-decade high inflation, the US Federal Open Market Committee has raised its key policy interest rate by 75 basis points to 2.25-2.50 per cent, anticipating…
- World
US Fed makes biggest rate hike since 1994
Washington: The US Federal Reserve on Wednesday (local time) raised interest rates by 75 basis points (bps) or three-quarters of a percentage point in the boldest move since 1994. It’s the largest…
- Business
Asian markets fall sharply on likely US Fed action to rein inflation
Hong Kong: Asian stock markets have fallen sharply as soaring prices in America triggered fears the US Federal Reserve will take tougher action to rein in inflation. At the same time, the…
- 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…
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