Indian stocks fell Thursday during the morning trade in line with weakness in the US markets, which declined sharply overnight as the US Federal Reserve went ahead with its further monetary policy tightening to bring down inflation to its target-- even as volatility in the banking system
"The Bank of Canada, the Bank of England, the Bank of Japan, the European Central Bank, the Federal Reserve, and the Swiss National Bank are today announcing a coordinated action to enhance the provision of liquidity via the standing US dollar liquidity swap line arrangements," the central b
The Federal Reserve Board on Monday (local time) announced that Vice Chair for Supervision Michael S Barr is leading a review of the supervision and regulation of failed Silicon Valley Bank.
Silicon Valley Bank collapsed on Friday, while New York-based Signature Bank was closed by the state regulators on Sunday (local time), becoming the second US bank to have collapsed.
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.
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.
Minutes of the latest monetary policy meeting of the US Federal Reserve showed some of the participants noted that the probability of the economy entering a recession in 2023 remained elevated.
In recent months, it said they have seen downside surprises in the inflation data, and headline inflation has already peaked in nine out of 12 economies in the region.
Earlier, the airspace over Lake Michigan was temporarily restricted due to national defense reasons, according to a US Federal Aviation Administration notice. The notice said the airspace was being restricted for "national defense" reasons. There was no immediate comment from the Pentagon