The US Federal Reserve, in its latest policy meeting held on January 27-28, decided to keep its key benchmark interest rates unchanged at 3.5 to 3.75 per cent, citing low job gains, signs of stabilisation in the labour market, and inflation that remains somewhat elevated.
South Korea saw the largest increase in jobs in 19 months, adding more than 300,000 jobs in September, helped by growing demand for accommodation and other services, reported the Pulse, the English service of Maeil Business Newspaper Korea.
The Federal Reserve, in its latest meeting, decided to keep the federal funds rate unchanged at 5.25 per cent to 5.5 per cent for the eighth time. In its statement, the Fed observed that job gains in the U.S. economy have moderated, while the unemployment rate has increased slightly but rema
International gold prices dipped over 2 per cent on Friday, with analysts largely attributing the decline to stronger-than-expected job gains in the US and weak buying from key buyer, China.