US Fed cuts rate by 25 basis points, continuing its monetary policy loosening

Nov 08, 2024

The latest decision by the Federal Open Market Committee (FOMC) lowers the federal funds rate target to a range of 4.5 per cent to...

US Fed Chief Powell hints at September rate cut amid strong economic activity and lowering inflation

Aug 01, 2024

U.S. Federal Reserve Chair Jerome Powell hinted a possible interest rate cut in September if economic conditions align with expectations. The fed made these...

Fed maintains rate at 5.25-5.5 pc for the 8th consecutive term

Aug 01, 2024

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...

Expect further interest rate hike needed to bring inflation down: Fed Governor Bowman

Nov 08, 2023

Federal Reserve Governor Michelle Bowman reiterated her view that she expected the central bank will need to increase the interest funds rate further to...

Domestic stocks to track lower global cues next week

May 07, 2023

The US Federal Reserve on Friday raised interest rates by a quarter of a percentage point and signalled it may pause further increases. The...

US Federal Reserve finally pauses interest rate

Jun 15, 2023

Barring the latest pause, the US central bank has hiked the interest rate for the tenth consecutive time which was necessitated in the fight...