Chairman Jerome Powell said the time has come for the Federal Reserve to cut its key policy rate, affirming expectations that officials will begin lowering borrowing costs next month and making clear his intention to prevent further cooling in the labor market.“The time has come for policy to adjust,” Powell said Friday in the text…
Chairman Jerome Powell said the time has come for the Federal Reserve to cut its key policy rate, affirming expectations that officials will begin lowering borrowing costs next month and making clear his intention to prevent further cooling in the labor market.“The time has come for policy to adjust,” Powell said Friday in the text…
MUMBAI: Reserve Bank of India governor Shaktikanta Das on Thursday announced the monetary policy committee’s decision to keep rates on hold for the ninth consecutive time, citing strong demand and the need to maintain inflation’s declining trajectory.“The MPC decided by a majority of 4:2 to keep the policy report unchanged at 6.5%. Consequently, the standing…
NEW DELHI: Finance minister Niramala Sitharaman, replying to the opposition on the Union Budget on Tuesday, took a veiled dig at senior Congress leader P Chidambaram, saying the “Harvard and Oxford educated” leaders failed to contain the inflation as they adopted “reckless policies”.Sitharaman said the nation witnessed double-digit inflation during the UPA era as the…
NEW DELHI: Senior Congress leader and former finance minister P Chidambaram on Wednesday cautioned the govt against taking inflation lightly and said every family was hit hard by price rise.Initiating the discussion on the budget in Rajya Sabha, he raised five demands — that the govt ensure Rs 400 as the daily minimum wage, provide…
NEW DELHI: Fitch Ratings on Tuesday raised India’s growth forecast for the current fiscal to 7.2%, from 7% projected in March, saying elevated consumer confidence will drive spending, besides increased investments.In June update to its global economic outlook report, Fitch said it expects inflation to decline to 4.5% by end of this year and RBI…
NEW DELHI: Retail inflation eased slightly to a 12-month low in May with prices of some food items moderating marginally, while the index of industrial production (IIP) growth held steady at 5% level in April.Data released by the National Statistical Office (NSO) on Wednesday showed retail inflation, as measured by the Consumer Price Index (CPI),…
MUMBAI: RBI‘s monetary policy committee is expected to maintain a status quo on rates for the eighth consecutive time. The panel is scheduled to meet between June 5 and June 7.A possible victory for the ruling NDA as indicated in exit polls is expected to result in lower bond yields and a stronger rupee.According to…
Stock market today: BSE Sensex and Nifty50, the Indian equity benchmark indices, saw a muted opening in trade on Wednesday. While BSE Sensex moved up over 80 points, Nifty50 was above 22,250. At 9:21 AM, BSE Sensex was trading at 73,190.34, up 86 points or 0.12%. Nifty50 was at 22,257.25, up 39 points or 0.18%.The…
Stock market today: Indian equity benchmark indices, BSE Sensex and Nifty50, rose in trade on Tuesday. While BSE Sensex climbed up over 180 points to near 73,000 levels, Nifty50 was above 22,100. At 9:24 AM, BSE Sensex was trading at 72,833.90, up 58 points or 0.079%. Nifty50 was at 22,132.75, up 29 points or 0.13%.On…
