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Rupee Strengthens Mildly Against Dollar As Fed Rate Cut Hopes Boost Asian Currencies, Ends At 83.01

The expected interest rate cut by the U.S. Federal Reserve later this year may not be favorable for the dollar, but it could present an opportunity for certain Asian currencies to strengthen. Historically, higher interest rates have bolstered a nation's currency ...

Has Rates Hike Cycle Peaked By US Federal Reserve Or Surprise Awaits?

The US Federal Reserve in its latest monetary policy has kept key rates unchanged for the second time in a row. FOMC's chief Jerome Powell sounded optimistic about the economic activity, however, the committee still believes that tighter financial and credit ...

US Fed Keeps Rates At 22-Year High; Warns About Tighter Financial, Credit Conditions For Inflation Risks

US Federal Reserve decided to keep rates at 22-year for the second consecutive monetary policy. FOMC said the committee decided to maintain the target range for the federal funds rate at 5-1/4 to 5-1/2 per cent. Through its rates decision, the ...

World Bank Projects 2.1% Global Economic Expansion In The Face Of Higher Interest Rates

The global economy is likely slowing sharply this year, hobbled by high-interest rates, the impact of Russia's invasion of Ukraine, and the lingering effects of the coronavirus pandemic. As per the latest outlook report from World Bank, a 189-country anti-poverty agency. ...

Gold Prices Rise As Traders Navigate US Debt Limit Hitch, Fed Cues

Gold prices edged up on Monday as drawn-out discussions around the US debt ceiling and Federal Reserve Chair Jerome Powell's less-hawkish comments added to the safe-haven bullion's appeal, according to a Reuters report. Spot gold was up 0.1 per cent at ...

Fed Expected To Raise Rates, Suggest A break In The Tightening Cycle

The Federal Reserve is expected to raise interest rates on Wednesday and maybe signal a break in its 14-month cycle of tightening. Investors predict that the U.S. central bank will raise interest rates by a quarter of a percentage point at ...

Fed Counts On Job Growth To Fight High Inflation

The US Federal Reserve officials are counting on US Job growth as an aid to fight against high inflation. The key employment and data will be released on Friday, today April 7, 2023. It would be the last data release before ...

Fed Official: 'SVB' Itself Was Main Cause Of Bank's Failure

The nation's top financial regulator is asserting that Silicon Valley Bank's own management was largely to blame for the bank's failure earlier this month and says the Federal Reserve will review whether a 2018 law that weakened stricter bank rules also ...

US Recession A Growing Fear, As Fed Plans To Keep Rates High

After scaling 40-year highs, inflation in the United States has been slowly easing since summer. Yet the Federal Reserve seems decidedly unimpressed - and unconvinced that its fight against accelerating prices is anywhere near over. On Thursday, stock markets buckled on ...

US Not Yet In Recession And 4 Other Takeaways, From The Fed

Jerome Powell delivered a tough message at the start of a news conference on Wednesday: Inflation is way too high, and the Federal Reserve is laser-focused on taming it with higher borrowing costs. Yet despite his resolute words, the Fed chair ...

Inflationary Pressure Drags Down US Consumer Confidences To 16 Months Low In June

Today, the US consumer confidence data has been published which shows a sharp fall in June. It has plunged by 4.5 points to a 98.7 level this month. Analysts are thinking that high inflationary pressures have dragged down the consumer confidences ...

The US Fed Trying To Combat Inflation, Avoiding Recession: Jerome Powell

The US is dealing with an above 40 years high consumer inflation rate, which has surged by 8.6% YoY in the last month, according to the country's Labor Department data. The US Central Bank, the Federal reserve is solely committed to ...

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