September 23, 2021 10:37 am
While no decisions have been made on the exact pace and timing of how the central bank will reduce its asset purchases, Fed Chair Jerome Powell said it seems "appropriate" that the taper could begin "soon" and be completed by the middle of 2022.
August 27, 2021 9:04 pm
Powell said the central bank is monitoring the economic impact of the delta variant, which has caused a sharp spike in COVID-19 cases in the United States
June 24, 2021 8:58 am
The US Federal Reserve has hinted at the possibility of two rate hikes by 2023, leading to a fall in market indices. While inflation is a concern in India, and it remains to be seen how the RBI responds, market participants are not too worried about inflation if it comes alongside an economic rebound.
June 18, 2021 3:36 am
While benchmark 10-year bond yield finally closed down 3 basis points at 6.02 per cent, most other bond yields rose 3-4 basis points tracking the US bond yield, which had jumped 7.5 basis points.
July 10, 2020 1:41 pm
It was the first time in 10 months that banks have not tapped the Fed for this key source of short-term funding.
March 18, 2020 2:55 pm
United States President Donald Trump has recently said he can remove or demote the chairman of the Federal Reserve, Jerome H Powell.
March 04, 2020 10:42 am
MSCI's broadest index of Asia-Pacific shares outside Japan rose 0.4% amid choppy trade across the region, though most of the gains were confined to South Korea. Japan's Nikkei oscillated between flat and modest gains.
August 02, 2019 12:13 am
The cut in interest rates on Wednesday is the first time since the 2008 financial crisis. What is ironic is that this move comes despite a strong US economy and indicators such as job market data showing renewed buoyancy.
June 20, 2019 7:17 am
While new economic projections showed policymakers' views of growth and unemployment largely unchanged, they saw headline inflation at just 1.5 percent for the year, down from the 1.8 percent projected in March.
June 19, 2019 8:33 pm
In light of the recent escalation of the US-China trade war and tepid economic data, this month’s FOMC meeting is being more closely watched than usual.