The U.S. Fed in its latest meeting noted a lack of significant progress towards reaching the 2 per cent inflation target, although it added that there had been modest improvements in recent months, highlighted the Fed policy minutes released on Wednesday.
Das said, "India's domestic financial system is now in a much stronger position than it was before we entered the period of the COVID crisis. Indian financial system is now in a much stronger position, characterized by robust capital adequacy, low levels of non-performing assets, and healthy
With the US economy having created far more jobs than expected in May and consumer inflation in the country still looming above a comfortable range, its central bank Federal Reserve is unlikely to tinker with policy rates ahead of the much-awaited Presidential election scheduled later this y
The US Federal Reserve, in its latest monetary policy meeting, voted to leave the key interest rate unchanged at 5.25-5.50 per cent, maintaining the policy rate for the seventh straight time on the trot.
The U.S. Federal Reserve released the minutes of the May 1st federal policy meeting on Wednesday. The minutes highlight that the members deliberated on the state of financial markets and economic developments. The discussion highlighted concerns about inflation persistence and the overall
US Federal Reserve Chair Jerome Powell said a further interest rate hike from here is unlikely and the central bank is currently focused on its restrictive monetary policy stance.
US Federal Reserve Chair Jerome Powell said it was prepared to maintain the current interest rate for "as long as appropriate" so as to align the inflation rate with its 2 per cent target.
The US Federal Reserve, in its latest monetary policy meeting, voted to leave the key interest rate unchanged at 5.25-5.50 per cent, keeping the policy rate unchanged for the sixth straight time on the trot.
The yellow metal Gold faced its first weekly loss in prices in six weeks as hopes for interest rate cuts by the Federal Reserve seem to be delayed and amid an ease in geopolitical tensions in West Asia.
The Indian stock market anticipates a shift in sentiment as investors have accounted for the delay in Federal Reserve rate cuts. Market participants are hopeful that global pressure on Israel will result in a more moderate response in the market. With these factors in mind, observers are mon