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US Federal Reserve raises interest rates by 50 basis points
Updated : 3 years, 2 months ago IST
The Federal Open Market Committee of the Federal Reserve said the new interest rates was approved unanimously. The central bank's policy rate is now in a target of 4.25-4.50 per cent, the highest level in 15 years.
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US Fed Chair says moderation in rate hike likely in next policy meet
Updated : 3 years, 3 months ago IST
The US central bank's aim has been to achieve maximum employment and inflation at the rate of 2 per cent over the long run.
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US Fed further raises key interest rates in fight against inflation
Updated : 3 years, 4 months ago IST
Raising interest rates is a monetary policy instrument that typically helps suppress demand in the economy, thereby helping the inflation rate decline.
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Monetary policy to be restrictive for some time, says US Federal Reserve V
Updated : 3 years, 5 months ago IST
Washington [US], October 11 (ANI): US Federal Reserve is expected to continue to keep its monetary policy restrictive for some time in order to ensure that high inflation numbers move back to target over time, according to the central bank's Vice Chair Lael Brainard.
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US Fed again raises key interest rates in fight against inflation
Updated : 3 years, 5 months ago IST
Washington [US], September 22 (ANI): The US Federal Reserve has yet again raised key interest rates in its fight against red-hot inflation in the country. The key policy rate was raised by 75 basis points to 3.0-3.25 per cent -- which is the third consecutive hike of the same magnitude.
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US: Federal Reserve hikes interest rate by 0.75pc to tackle inflation
Updated : 3 years, 5 months ago IST
Washington [US], September 22 (ANI): The US Federal Reserve for the third time approved an interest rate hike by 0.75 per cent in an aggressive move to tackle the inflation that has been affecting the US economy.
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US Fed comments infused "substantial" volatility in global markets: RBI Go
Updated : 3 years, 6 months ago IST
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
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Rupee hits record low, breaches 80 to a US dollar again
Updated : 3 years, 6 months ago IST
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.
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Bloodbath in Indian stocks; US Fed Chair's aggressive monetary policy stan
Updated : 3 years, 6 months ago IST
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.
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US Fed Governor Bowman says another "similarly-sized" rate hike needed to
Updated : 3 years, 7 months ago IST
Colorado [US], August 8 (ANI): The US Federal Reserve Governor Michelle W. Bowman said another "similarly-sized" - 75 basis points -- increase in key interest rates should be on the table until the economy sees inflation declining in a "consistent, meaningful, and lasting way".
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US Fed raises interest rates by 75 basis points, hints another "large" hik
Updated : 3 years, 7 months ago IST
Washington [US], July 28 (ANI): In the backdrop of an over four-decade high inflation, the US Federal Open Market Committee has raised its key policy interest rate by 75 basis points to 2.25-2.50 per cent, anticipating that the increase in the interest rates will be "appropriate".
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US Federal Reserve hikes interest rates by 75 basis points
Updated : 3 years, 9 months ago IST
Washington [US], June 16 (ANI): The US Federal Reserve on Wednesday (local time) raised interest rates by 75 basis points (bps) or three-quarters of a percentage point in the boldest move since 1994.
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