Consumer inflation in the US moderated to 6.4 per cent in January from 6.5 per cent in December, and 7.1 per cent the previous month but still is way above the 2 per cent target.
The US central bank's policy rate is now in a target of 4.25-4.50 per cent, the highest level in 15 years, and notably, it was near zero in the early part of 2022.
TCS, among the Nifty 50 companies, was the top loser this morning. It declined over 2 per cent. Analysts attribute the decline to less-than-estimated earnings during the October-December quarter.
Mumbai (Maharashtra) [India], September 6 (ANI): The commentary from the US Federal Reserve at the recently-held Jackson Hole conference on the future trajectory of US monetary policy has infused substantial volatility into global financial markets, said the Reserve Bank of India (RBI) Gover
New Delhi [India], August 29 (ANI): Indian rupee again breached the psychologically crucial 80 mark to touch an all-time low of 80.11 in early trade on Monday tracking firmness in the US dollar.
New Delhi [India], August 29 (ANI): Indian stocks declined sharply on Monday morning tracking negative cues from global benchmarks as stocks in the US plummeted after Federal Reserve Chair Jerome Powell said the central bank won't back off in its fight against rising inflation.
New Delhi [India], August 26 (ANI): Indian stocks opened with sharp gains this morning tracking positive cues from overseas peers. According to analysts, Dow Jones closed 300 points higher, extending the run into the second day.
Washington [US], May 13 (ANI/Sputnik): The US Senate on Thursday voted to confirm Jerome Powell as chairman of the Federal Reserve, making official his position as head of the country's central bank for another four-year term.
Washington [US], July 29 (ANI/Sputnik): The time is not right yet to raise US interest rates as the Federal Reserve is still focused on buying bonds to support an economy recovering from the COVID-19 pandemic, Chairman Jerome Powell said.
Mumbai (Maharashtra) [India], July 11 (ANI): Equity benchmark indices ended four days of losing streak on Thursday and closed on a positive note amid positive cues from Asian and US equities that got a boost after the US Fed chair's congressional testimony.