The US Federal Reserve faces a more complex scenario in its current decision-making process. (File AP Photo) The US Federal Reserve kept the benchmark rate unchanged in the 4.25-4.5% range in its meeting today. “In support of its goals, the Committee decided to maintain the target range for the federal funds rate at 4-1/4 to…
Recent economic indicators, including Tuesday’s robust November retail sales data, align with the Federal Reserve’s assessment of a strong economy. The US Federal Reserve cut the interest rate by 25 basis points on Wednesday, according to an official statement following the key FOMC meeting. This 25 basis points cut has led to the central banks…
US Federal Reserve Meeting: The US Federal Reserve on Wednesday cut interest rates by 50 basis points. “In light of the progress on inflation and the balance of risks, the Committee decided to lower the target range for the federal funds rate by 1/2 percentage point to 4-3/4 to 5 percent,” the FOMC statement read….
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…
Gold rate today: Gold prices reached a new all-time high on Thursday, influenced by global commodity prices. US Fed Chair Jerome Powell‘s statement, indicating that recent job numbers and higher-than-expected inflation wouldn’t change the central bank’s monetary strategy much, boosted investor confidence in gold, sparking increased buying activity.According to ET, June Gold futures on MCX…
