June 19, 2021 8:26 am
RBI needs to be watchful of implications of withdrawal of accommodative policies by the US central bank
June 17, 2021 12:15 am
New projections saw a majority of 11 Fed officials pencil in at least two quarter-point interest rate increases for 2023, even as officials in their statement pledged to keep policy supportive for now to encourage an ongoing jobs recovery.
May 27, 2021 11:13 am
The US Federal Reserve is going to issue a paper shortly that will focus on the benefits and risks of a central bank digital currency, seeking public comment on whether it should go ahead with the plan and flagging the risks etc.
March 19, 2021 8:01 am
A day after the US announcement that interest rates are being kept low, the Indian market fell 1%. This may be a correction over immediate concerns; analysts are optimistic about the market in the long run.
March 18, 2021 9:51 am
Federal Reserve news today: Fed officials, in fact, expect economic growth to remain above trend for at least two years to come, at 3.3% in 2022 and 2.2% in 2023, compared to estimated long-term potential growth of just 1.8%.
November 18, 2020 10:50 am
While Powell did not elaborate, the government reported earlier Tuesday that retail sales grew just 0.3% in October, the smallest gain since the pandemic sent sales plunging nearly 15% in April.
November 18, 2020 9:32 am
Judy Shelton, 66, has come under fire for inconsistent, controversial views. She told lawmakers in her previous February confirmation hearing that "no one tells me what to do."
November 13, 2020 12:55 pm
Judy Shelton, a conservative economics commentator, has run into stiff opposition from Senate Democrats, most economists, and many former Federal Reserve officials.
September 20, 2020 10:22 am
To stimulate the US economy, Federal Reserve has indicated that benchmark interest rates would remain near zero at least until 2023. What is the background of its guidance, and the implications for India?
September 17, 2020 12:35 am
The statement reflects the central bank’s new long-term policy framework in which officials will allow inflation to overshoot their 2% target after periods of under-performance.