Tag: federal reserve
US economic growth last quarter is revised up to a 2% annual rate
WASHINGTON: The US economy grew at a 2% annual pace from January through March as consumers spent at the fastest pace in nearly two years,…
Fed’s reverse repos fall below $2 trillion for first time since June 2022
NEW YORK: Demand for the Federal Reserve‘s reverse repurchase (RRP) facility slowed on Thursday, falling below $2 trillion for the first time since early June…
US central bank keeps interest rate unchanged, projects two hikes by end of year
Federal Reserve officials paused on Wednesday following 15 months of interest-rate hikes but signaled they would likely resume tightening to cool inflation, projecting more increases…
US job openings unexpectedly rise in April
WASHINGTON: US job openings unexpectedly rose in April and data for the prior month was revised higher, pointing to persistent strength in the labor market…
Fed: Fed ‘pause’ on rate hikes in doubt after strong US data
Federal Reserve policymakers got a dose of unexpectedly strong economic data on Friday that bolstered the case for further monetary policy tightening to slow the…
rbi: India’s forex reserves at comfortable level due to RBI, dollar: Economists
India’s foreign exchange reserves are at a comfortable level currently, benefiting from the Reserve Bank of India‘s persistent intervention and the likelihood of less volatile…
US claims for unemployment aid jump, but remain low
The number of Americans applying for unemployment benefits jumped last week but remain low overall, even as the Federal Reserve has furiously raised interest rates…
How Federal Reserve rate hike would affect credit card debt, auto loans
NEW YORK: The Federal Reserve has raised its key interest rate yet again in its drive to cool inflation, a move that will directly affect…
US Federal Reserve set to hike rate to 16-year high and then signal a pause
The Federal Reserve is expected to deliver a 25 basis-point interest-rate increase and signal a pause in its aggressive hiking campaign, amid persistent financial-market turmoil…
With GDP slowdown. high inflation, US in worst of both worlds
The US economy was slowing even before the brunt of any credit crunch stemming from the recent bank failures, while inflation accelerated, highlighting the enormous…