Jerome powell

US stock indexes opened lower on Wednesday after a rally in the previous session, with investor focus squarely on Federal Reserve Chair Jerome Powell's congressional testimony for cues on interest rate hikes and the state of the economy.…

Pushing the Nifty to fresh 52-week lows, the US Federal Reserve raised its benchmark interest rate by 75-basis points, the most significant hike in 28 years, to control rising inflationary pressure. This recent hike has closely arrived…

The world’s central bankers are unleashing what may prove to be the most aggressive tightening of monetary policy since the 1980s, risking recessions and roiling financial markets as they rush to tackle the surge in inflation they didn’t…

NEW DELHI: Indian equity markets are likely to open in the green following global cues. The S&P 500 rallied on Wednesday to snap a five-session losing skid after a policy announcement by the US Federal Reserve that raised interest…

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…

WASHINGTON: The US Federal Reserve raised its target interest rate by three-quarters of a percentage point on Wednesday to stem a disruptive surge in inflation, and projected a slowing economy and rising unemployment in the months to…

Federal Reserve officials raised their main interest rate by three-quarters of a percentage point -- the biggest increase since 1994 -- and signaled they will keep hiking aggressively this year, resorting to drastic measures to restrain…

NEW DELHI: As the US Fed concludes the two-day policy review later today, analysts on Dalal Street believe the debate would no longer be about a 50 basis points or a 75 basis points rate hike, but about how high the policy terminal rate…