Gold prices linger near all-time high
Sep 26, 2024, at 07:06 pm
Mumbai/IBNS: Ahead of US Federal Reserve chair Jerome Powell's upcoming speech, gold prices remained steady on Thursday (Sept. 26) but hovered near record highs.
US Fed cuts interest rates by 50 bps, first reduction since 2020
Sep 19, 2024, at 07:35 pm
Washington/IBNS: The US Federal Reserve, popularly known as the Fed, has reduced its key lending rate by half a percentage point, marking the first cut since the Covid-19 pandemic in 2020, just weeks ahead of November’s presidential election.
Weak US jobs report paves the way for Federal Reserve interest rate cuts
Sep 08, 2024, at 07:08 am
Washington: U.S. employers slightly increased hiring in August compared to July's sluggish rate, while the unemployment rate fell for the first time since March, suggesting the job market is slowing down but still holding strong, news agency AP reported.
Silver prices to maintain bullish trend despite pause on Tuesday
May 22, 2024, at 04:37 am
Silver prices fell on Tuesday after reaching a multi-month high in the previous session. The decline was prompted by cautious comments from U.S. Federal Reserve officials and profit-taking by investors, reported fxempire.
US Fed keeps key interest rates steady at 5.25 - 5.50% for sixth straight meet
May 02, 2024, at 08:30 am
Washington: The US Federal Reserve maintained interest rates at 5.25 percent - 5.50 percent on Wednesday for the sixth consecutive meeting, aligning with market expectations.
US November wholesale inflation remains steady, indicating gradual decrease in prices
Dec 14, 2023, at 04:35 am
Washington: The November wholesale inflation in the United States remained steady, indicating a gradual easing of price increases in the economic pipeline, AP reported.
US Federal Reserve keeps key rates unchanged in a unanimous decision
Nov 02, 2023, at 06:59 am
Washington DC: The Federal Reserve, which is the Central bank of the United States, on Wednesday, opted to keep interest rates steady at their highest level in 22 years for the second consecutive meeting, Bloomberg reported.
Jun 14, 2022, at 05:50 am
Mumbai: After rising to a 95-month (almost 8 years) high to 7.79 percent in Apr’22, CPI inflation moderated to 7.04% in May’22 due to broad-based deceleration. Core CPI also moderated in May to 6.09% as compared to 6.97% in Apr’22, State Bank of India’s Economic Research Department said Monday.
Investors remain cautious ahead of US Fed policy meet; Indian benchmark indices decline
Dec 14, 2016, at 11:17 pm
Mumbai, Dec 14 (IBNS): The Indian market closed lower on Wednesday largely due to investors remaining cautious regarding the outcome of the US Federal Reserve's policy meeting, according to media reports.