Fed holds key rate, pencils in 3 cuts this year WASHINGTON: The US Federal Reserve voted Wednesday to hold interest rates at a 23-year high for a fifth consecutive... Published 21 Mar, 2024 05:22am
World US Federal Reserve chair says additional rate hikes likely WASHINGTON: Federal Reserve Chair Jerome Powell said Wednesday that additional US interest rate hikes will likely be... Published 21 Jun, 2023 05:42pm
Markets Gold survives Fed scare to move up on dollar, yields weakness NEW YORK: Gold bounced back from a three-month low on Thursday as the dollar and bond yields moved lower after US... Published 16 Jun, 2023 07:15am
Business & Finance Fed leaves rates steady, sees two small hikes by end of 2023 WASHINGTON: The Federal Reserve kept interest rates unchanged on Wednesday but signaled in new economic projections... Published 15 Jun, 2023 06:03am
Business & Finance Fed could push rates higher, keep them there longer, policymakers say NEW YORK/SAN FRANCISCO: Federal Reserve policymakers may need to lift US borrowing costs above the peak 5.1% they... Published 19 Dec, 2022 07:32am
Business & Finance Dollar edges up against euro after US inflation data NEW YORK: The dollar edged higher against the euro on Friday after US producer inflation data for November came in... Published 12 Dec, 2022 06:07am
World Taming inflation will inflict ‘pain’ on Americans: Fed JACKSON HOLE, Wyo: Americans are headed for a painful period of slow economic growth and possibly rising joblessness... Published 27 Aug, 2022 05:49am