Federal Reserve: News
21 Jul 2023
United States of AmericaUS 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
InflationUS 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
InflationHow 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 CityUS 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 Trump35 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.
02 Jun 2018
United States of AmericaGold 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
IndiaGold 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 TrumpEx-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 SachsIs 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
SensexSensex 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
United States of AmericaUS 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 YellenUS 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%.