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".
New Delhi [India], July 25 (ANI): The US Fed's upcoming monetary policy meeting is set to dominate headlines this week with a 75-100-basis points interest rate hike likely. Inflation approaching double-digits has prompted the US central bank to take a tougher stance.
Mumbai (Maharashtra) [India], May 12 (ANI): The Indian stock markets' key indices, Sensex and Nifty, slumped by more than two per cent on Thursday dragged by heavy selling pressure in banking and metal stocks as high US inflation data dampened investors' confidence.
Mumbai (Maharashtra) [India], May 12 (ANI): The Indian stock markets' key indices, Sensex and Nifty, slumped by more than two per cent on Thursday dragged by heavy selling pressure in banking and metal stocks as high US inflation data dampened investors' confidence.
Washington [US], May 12 (ANI): US President Joe Biden on Wednesday (local time) said that inflation in the country is "unacceptably high" and bringing it down is his top economic priority.
New York [US], April 23 (ANI/Sputnik): Wall Street fell for a third straight week as fears of aggressive interest rate hikes by a Federal Reserve eager to break the back of the worst US inflation in 40 years led to an investor exodus from stocks and even safe-havens such as gold.
New York [US], April 18 (ANI/Sputnik): Alarm bells on US inflation hit a new crescendo on Monday as the yield on ten-year bonds rose to highs not seen in more than three years, while gold prices briefly broke back above $2,000 an ounce as investors sought a hedge against soaring price pressu
Washington [US], January 13 (ANI): US inflation reaches the highest level in four decades as consumer prices jump 7 per cent in 2021 as the consumer price index jumped 7 per cent last year, the fastest pace since 1981.