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U.S. Federal Reserve

U.S. FEDERAL RESERVE NEWS

Federal Reserve cuts key rate by sizable half-point, signaling end to its inflation fight

September 19, 2024 7:34 am

The rate cut, the Fed’s first in more than four years, reflects its new focus on bolstering the job market, which has shown clear signs of slowing.

Dollar surges to 11-week high as Fed rate cut bets diminish

February 05, 2024 10:06 pm

U.S. services sector growth picked up in January as new orders increased and employment rebounded, suggesting economic growth momentum from the fourth quarter spilled over into the new year

US job growth picks up in August; wages gains slow

September 01, 2023 7:27 pm

The Labor Department's Bureau of Labor Statistics reported that there were almost 18,000 workers on strike during the period it gathered data for August's report.

Sensex falls on fears of rate hike by US Fed

March 03, 2023 12:16 am

Analysts said global markets returned to selling mode with the US 10-year bond yield touching 4.02 per cent as fresh data suggested that inflation will remain elevated for a longer period.

Bank of England hikes interest rates again but softens pace

December 15, 2022 7:14 pm

Switzerland’s central bank followed suit with an identical move a day later, and the European Central Bank also is expected to approve a similar increase Thursday.

Sensex turns anxious, drops after dollar outflows

June 15, 2017 1:10 pm

Overseas, Asian shares were trading lower in their morning trade, the NSE 50-share Nifty moved down 0.27 per cent to 9,592.65 at 1146 hours. Gail India fell 1.73 per cent, as also Coal India, TCS, M&M and ONGC.

Gold price gains for second day as dollar weakens

August 08, 2013 9:55 am

Gold reversed early losses on Thursday as the U.S. dollar languished at seven-week lows.

Revolution in eco thinking under way?

October 25, 2012 9:32 pm

This is a situation conducive to revolutionary thinking,if not yet in politics,then maybe in economics.

Gold inches up on weaker dollar

October 02, 2012 9:25 am

A weaker greenback makes dollar-priced gold more attractive to buyers holding other currencies.

Gold prices hover near highest in 7 months

September 17, 2012 11:24 am

Gold added $5.33 an ounce to $1,774.79 after rising as high as $1,777.51 on Friday.

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