Tag: federal reserve
Slowdown, likely rate cut in US will drive foreign investment to India: Experts
New Delhi: In a report earlier this week, Fitch Ratings noted that elevated interest rates in the US since 2023 have begun to show some…
US Federal Reserve maintains rate at 5.25-5.5% for 8th consecutive term
The Federal Reserve, in its latest meeting, decided to keep the federal funds rate unchanged at 5.25 per cent to 5.5 per cent for the…
Reserve Bank of India: Reserve Bank of India to hold rates in August, first cut in Q4: Reuters poll
The Reserve Bank of India (RBI) will keep interest rates steady for a ninth straight meeting in August due to persistently high inflation, with a…
Job Openings: US job openings fall to more than two-year low in June
WASHINGTON: US job openings fell to the lowest level in more than two years in June, but remained at levels consistent with tight labor market…
US economy picks up steam despite expectations of slowdown
WASHINGTON: The US economy defied expectations to see growth pick up in the second quarter, according to government data released Thursday, supported by business investment…
Jobless Benefits: Weekly US applications for jobless benefits slide to lowest level in 5 months
The number of Americans applying for jobless benefits slid last week to its lowest level in five months, further evidence that the US labor market…
Fed raises interest rates, leaves door open to another hike
WASHINGTON: The Federal Reserve raised interest rates by a quarter of a percentage point on Wednesday, citing still elevated inflation as a rationale for what…
US trade deficit eased from record high in May on fall in imports
WASHINGTON: The US trade deficit shrank in May on a sharp decline in imports, according to government data released on Wednesday, easing slightly after rising…
Federal Reserve: Federal Reserve officials were wary about slow inflation progress at June meeting
Federal Reserve officials were concerned about sluggish progress toward lower inflation and wary about the surprising staying power of the American economy at their June…
Federal Reserve: ‘Almost all’ Federal Reserve officials agreed to skip June hike: Minutes
WASHINGTON: A united US Federal Reserve agreed to hold interest rates steady at the June meeting as a way to buy time and assess whether…