federal reserve

Department of Economic Affairs secretary, Ajay Seth, calmed nerves saying that the Fed's 75 basis points hike in interest rates won't have an adverse impact on India. On Wednesday, the Federal Reserve raised its target interest rate by…

NEW YORK: Stocks rallied on Wall Street Wednesday after the Federal Reserve hiked interest rates by the biggest margin since 1994, but also said such mega-hikes would not be common. The increase of three-quarters of a percentage point…

Washington: The US central bank is committed to bringing down high American inflation and could hike the benchmark interest rate by another 0.75 percentage points in July, Federal Reserve Chair Jerome Powell said Wednesday. "Clearly,…

The U.S. Federal Reserve's big interest rate hike on Wednesday -- and the expectation of more to come -- is aimed at bringing down 40-year high inflation topping 8% on an annual basis in recent months. But the largest rate increase in a…

Even after central banks recognized they got their inflation calls wrong last year, they’ve continued to flub their policy guidance, threatening greater damage to their credibility, roiling markets and undermining the pandemic recovery.…

Federal Reserve Chair Jerome Powell, who’s carefully telegraphed interest rate hikes over four years, looks likely to abandon gradualism and move more forcefully to stamp out inflation along with growing concerns that it will persist.…

SYDNEY: Asian markets were in a pensive mood on Wednesday as shell-shocked investors waited to see just how aggressive the Federal Reserve would be on rates, with many fearing drastic action would risk tipping the world into recession.…

New York: Wall Street stocks mostly fell Tuesday as markets awaited a key Federal Reserve decision and digested another report showing elevated inflation. Major indices had opened with modest gains but weakened thereafter as investors…

NEW YORK: The bear market in U.S. stocks could be a prelude to even tougher times to come: a market swoon has often come hand-in-hand with recession. Worries that a hawkish Federal Reserve will hurt U.S. growth as it attempts to tame…