Federal Reserve: News

US may fall into recession in Q3 this year

Over the past few days, we have heard about how the probability of a recession in the US is falling. However, an index designed to understand where an economy is heading in the near term suggests otherwise.

23 Mar 2023


US hikes rates for 9th consecutive time: Fight or flight 

The ongoing banking crisis has failed to influence the US Federal Reserve. In an unsurprising move, the Fed hiked interest rates by 25 basis points in an aggressive push to tame high inflation.

31 Dec 2022

Indian Rupee (INR)

Indian rupee ends 2022 as Asia's worst-performing currency

The Indian rupee has had a lackluster 2022. It ended 2022 as Asia's worst-performing currency.

01 Jul 2022

US Dollars

#NewsBytesExplainer: What is causing Indian rupee's fall against US dollar

This week saw the Indian rupee hit an all-time low against the US dollar as it moved past the 79 rupees to a dollar mark.

10 May 2022


How Tiger Global lost $17 billion in tech investments

New York-based Tiger Global, one of the world's biggest hedge funds, has been hit by losses of around $17 billion this year caused by the large-scale sell-off of technology stocks since last week.

25 Feb 2022

New York City

US fines National Bank of Pakistan for anti-money laundering violations

The United States federal regulators imposed fines worth $55 million on the National Bank of Pakistan (NBP) for non-compliance and anti-money laundering violations.

22 Jun 2018

Donald Trump

35 US-banks would survive global economic recession: US Federal Reserve

The US's 35 largest banks are "strongly capitalized" and would survive a severe global economic recession, the Federal Reserve announced.

Gold prices fall by Rs. 300 on weak global-cues, low-demand

Gold prices dived by Rs. 300 to Rs. 31,600 per ten grams, extending their slide for the third straight day at the bullion market today, tracking a weak trend overseas amid fall in demand from local jewelers.

13 Dec 2017


Gold prices steady after four-month low

After falling continuously since a week, gold prices hit a four-month low yesterday, after a dip of Rs. 180 in the Delhi bullion market.

01 Nov 2017

Donald Trump

Ex-RBI governor Raghuram Rajan to next head US Federal Reserve?

Former governor of the Reserve Bank of India, Raghuram Rajan, makes for an ideal candidate to head the US Federal Reserve, says international financial magazine Barron's.

15 Jul 2017

Goldman Sachs

Is the US drug crisis linked to 'jobs market'?

Amid US's major opioid crisis, Federal Reserve Chief, Janet Yellen suggested that the crisis may be linked to a decline in the number of working Americans or those looking for work.

13 Jul 2017


Sensex closes above the 32,000 for the first time ever

Riding high on the dovish comments of US Fed Chair Janet Yellen before the US Congress and a fall in retail inflation in June, benchmark equity indices reached record high levels today as the market opened.

US Federal Reserve hikes interest rate, plans balance sheet reduction

The Federal Reserve has hiked its benchmark lending rate by a quarter percentage point to 1.25% from its erstwhile 1%, showing its conviction in the US economy's growth and the job market performance and said that there is a chance of another hike later this year.

16 Mar 2017

Janet Yellen

US Federal Reserve hikes benchmark interest by 0.25%

The US Federal Reserve raised its benchmark interest rate for the second time in three months by 0.25% to a range of 0.75-1%.