Wed, Jul 26, 2023
As it stated in June, the Fed said it would watch incoming data and study the impact of its rate hikes on the economy "in determining the extent of additional policy firming that may be appropriate" to reach its 2 per cent inflation target.
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Fed meeting HIGHLIGHTS: The Federal Reserve Chairman Jerome Powell-led Federal Open Market Committee (FOMC) — the US central bank's benchmark interest rate-deciding panel — decided to raise US interest rates by a quarter of a percentage point on July 26, citing still elevated inflation as a rationale for what is now the highest US central bank policy rate in 16 years. The latest rate hike, following a pause in June after 10 back-to-back increases, is the Fed's 11th in its last 12 meetings, taking the benchmark overnight interest rate to the 5.25-5.50 per cent range.
Thu, Jul 06, 2023
At its June meeting, the FOMC — the Fed's rate-deciding panel — agreed to leave the key lending rate unchanged while signaling that borrowing costs may still need to rise by as much as half a percentage point by the end of the year. The decision came amid the central bank's ongoing struggle to tame sticky red-hot inflation without hurting economic growth.
Wed, Jun 14, 2023
The Fed's rate-setting panel, the Federal Open Market Committee, issued a unanimously decided policy statement at the end of its latest two-day meeting.
Fed meeting HIGHLIGHTS: Federal Reserve Chairman Jerome Powell-led Federal Open Market Committee (FOMC) announced its first pause in the benchmark US interest rate since March 2022, when the US central bank began its post-COVID cycle of aggressive policy tightening. The US central bank’s decision on the key interest rate — formally known as the Fed funds rate, which currently stands at 5-5.25 per cent, comes a day after data showed steadily easing inflation in the world's largest economy, supporting bets on a pause in rates for now. Catch key takeaways from the June FOMC meeting review and what to make of Fed Chair Jerome Powell’s remarks, and much more, only on Zeebiz.com's blog.
Wed, Mar 22, 2023
Fed rate hike, FOMC rate decision: Federal Reserve Chairman Jerome Powell-led Federal Open Market Committee — the US central bank's rate-deciding panel — to hike the key US interest rates by 25 basis points on Wednesday. He said the central bank is prepared to use all tools to keep the bank system safe.
Mon, Jul 25, 2022
The benchmark 10-year bond yield was at 7.37% by 0527 GMT, compared with its close of 7.41% on Friday.
Mon, Apr 30, 2018
The month of April has thrown a lot of established beliefs into the dustbin as it has brought back the fear of volatility in currency markets into focus. In fact, this is counter-intuitive because the US leadership has extended an olive branch to recalcitrant North Korea leadership.
Mon, Feb 12, 2018
Spot gold rose 0.6 percent to $1,323.68 per ounce at 0435 GMT. Last week, the precious metal fell 1.2 percent for a second consecutive weekly decline.
Sun, Dec 18, 2016
Foreign investors have pulled out more than Rs 19,500 crore from the capital market this month so far amid rate hike by the US Federal Reserve and higher oil prices.
Mon, Dec 12, 2016
The 11 nations, led by Russia, said they would pump more than half a million fewer barrels a day from next month in an effort to address a global supply glut that has scythed prices over the past two years.
Thu, Aug 25, 2016
Gold rose slightly on Thursday after hitting a four-week low in the previous session, with the US dollar losing strength ahead of a speech by US Federal Reserve Chair Janet Yellen that will be closely watched for clues on US interest rate policy. Fundamentals
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