Tag: Us Federal Reserve

The Fed Chairman, Jerome Powell was quoted as saying by reports that the bank is firmly committed to lowering inflation.

The US Federal Reserve has announced another interest rate hike to fight inflation amidst growing concerns.

Early last month, the Fed had agreed to reduce its monthly asset purchase program of $120 billion by $15 billion.

Mumbai: The key Indian equity market indices on Thursday opened higher despite a muted trend in Asian markets and rate hike by the US Federal Reserve. The Sensitive Index (Sensex) of the BSE, which had closed at 36,542.27 points on Wednesday, opened higher at 36,691.93 points. Minutes into trading, it was quoting at 36,565.54 points, […]

Washington: Jerome Powell took the oath of office on Monday as Chairman of the US Federal Reserve, succeeding Janet Yellen. “Today, unemployment is low, the economy is growing, and inflation is low. Through our decisions on monetary policy, we will support continued economic growth, a healthy job market, and price stability,” said Powell after being […]

Washington:The US Federal Reserve on Wednesday left its benchmark interest rates unchanged as current Federal Chair Janet Yellen prepares to hand over the leadership of the central bank to Jerome Powell later this week. The Federal decided to maintain the target range for the federal funds rate at 1.25 to 1.5 per cent after its […]

Washington: The US Federal Reserve said on Friday that it had fined global banking giant HSBC Holdings $175 million for its unsafe and unsound foreign exchange trading business. According to a statement of Fed, the HSBC had deficiencies in its oversight and internal controls of its forex traders, reports Xinhua. “The firm failed to detect […]

Washington: The US Federal Reserve has kept its interest rate unchanged but announced that it would start unwinding its $4.5 trillion balance sheet from October, a further step to end the loose monetary policy. “Information received since the Federal Open Market Committee met in July indicates that the labor market has continued to strengthen and […]

The Finance Ministry on Thursday said the US Federal Reserve's decision to trim its monetary stimulus will not affect the Indian markets and all steps would be taken by the RBI and the government to ensure financial stability

Mumbai: Despite a positive trend in Asian markets, the key Indian equity market indices on Thursday opened lower after the US Federal Reserve has left interest rates unchanged. The Sensitive Index (Sensex) of the BSE, which had closed at 39,112.74 points on Wednesday, opened lower at 39,042.96 points. Minutes into trading, it was quoting at […]

Mumbai: Indian investors woke up to another surprise on Thursday as the US Federal Reserve went for a rate cut on the dotted lines but gave a hawkish note on future policy rates amid a marked slowdown in global economic activity. Both the key Indian benchmark indices declined sharply. While the broader Nifty which had crossed […]