Federal Reserve: News

20 May 2024

India

Gold price hits record high amid global economic uncertainty

Gold prices have soared to an unprecedented high, reaching $2,450.49/ounce in a recent trading session, marking an 18.65% increase this year alone.

17 May 2024

NASDAQ

Dow Jones soars past 40,000 for the first time ever

The Dow Jones Industrial Average achieved a historic milestone on Thursday as it crossed the 40,000 level for the first time.

16 Apr 2024

Morgan Stanley

Morgan Stanley forecasts no rate cuts for India in 2024-25

Morgan Stanley's team of analysts predicts that India is unlikely to lower its interest rates in the fiscal year 2024-25.

01 Apr 2024

India

Gold prices hit a fresh all-time high of ₹69,487

Gold prices in India reached an all-time high of ₹69,487 per 10 grams on Monday, marking a significant increase of nearly ₹1,800 in initial trade.

14 Feb 2024

Stock Market

Why Nifty and Sensex are trading in red today

Indian stocks faced a substantial drop today, influenced by the downturn in US markets last night.

14 Dec 2023

Nifty

Why Indian IT stocks are surging after US Fed meeting

The Nifty IT index soared to an all-time high on Thursday, thanks to positive takeaways from the US Federal Reserve's meeting.

14 Dec 2023

Sensex

Sensex, Nifty50 hit all-time high as Fed hints rate cuts

In a surprising move, the US Federal Reserve decided to keep benchmark rates steady while hinting at potential rate cuts in 2024.

13 Dec 2023

Indian Rupee (INR)

INR closes at all-time low of 83.41 against US dollar

The Indian rupee (INR) saw a slight dip of four paise, reaching an all-time closing low of 83.41 (provisional) against the US dollar on Wednesday.

04 Dec 2023

Business

Gold prices reach record high amid hopes of rate cuts

Gold hit a record high of $2,111.39 per ounce on Monday after the US Federal Reserve Chair Jerome Powell's optimistic remarks raised expectations of an early interest rate cut next year.

29 Nov 2023

Personal Finance

Global bonds near their best month since 2008 financial crisis

In November, sovereign and corporate debt worldwide shot up by 4.9%, per a Bloomberg analysis. That is the biggest monthly gain since December 2008.

07 Nov 2023

Saudi Arabia

Oil prices fall below $80 amid US Fed rate concerns

For the first time in over two months, oil prices have dipped under $80 a barrel.

02 Nov 2023

Sensex

Nifty50, Sensex gain 1% as US Fed pauses rate hikes

The domestic market opened higher on Thursday as the US Federal Reserve decided to hit a pause again on rate hikes.

US Fed meeting begins today: Here's what to expect

The United States Federal Reserve will make its decision on whether to maintain or adjust interest rates during its upcoming meeting scheduled from October 31 to November 1.

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

Finance

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

Inflation

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

India

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

Janet Yellen

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

Janet Yellen

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.

15 Jun 2017

Janet Yellen

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%.