Fed rate hike

<!-- -->Washington: The US Federal Reserve raised its benchmark lending rate on Wednesday to the highest level since 2001 to tackle above-target inflation, and signaled the possibility of further increases ahead.The quarter…

The US Federal Reserve on Wednesday, July 26, hiked its key interest rate by 25 basis point (bps), marking the 11th hike in the US central bank’s past 12 policy meetings. With this, the benchmark overnight interest rate has increased to…

Last Updated: July 15, 2023, 03:00 ISTNew York, United States of America (USA)A street sign for Wall Street is seen outside the New York Stock Exchange (NYSE) in New York City, New York, U.S., July 19, 2021. (Reuters/File Photo)Wall Street…

Last Updated: July 08, 2023, 01:27 ISTNew York, United States of America (USA)Oil analytics firm Vortexa said there are currently 10.5 million barrels of Saudi crude in floating storage off the Egyptian Red Sea port of Ain Sukhna, down by…

MSCI’s global equity index ended Friday’s session virtually unchanged while the dollar was lower as government data showed that U.S. jobs growth slowed more than expected in June, easing worries about the outlook for Federal Reserve rate…

NEW YORK: The Dow and the S&P 500 advanced on Thursday as bank shares rallied after major lenders cleared the Federal Reserve's annual stress test, while strong economic data stoked expectations of further interest rate hikes from the…

The U.S. Federal Reserve may have hit “pause" on interest rate hikes, but the European Central Bank still has its finger on “fast forward" as inflation plagues consumers with higher costs for everything from groceries to utility bills and…

Last Updated: May 31, 2023, 02:18 ISTNew York, United States of America (USA)FILE PHOTO: A saleswoman shows gold bangles to a customer at a jewellery showroom on the occasion of Akshaya Tritiya, a major gold buying festival, in Kolkata,…

Photo used for representational purpose only. File | Photo Credit: PTI Equity benchmark indices climbed in early trade on Thursday amid continuous foreign fund inflows and buying in index major Reliance Industries. The 30-share BSE Sensex…

Photo used for representational purpose only. File | Photo Credit: Reuters The rupee gained 15 paise to 81.65 against the U.S. dollar in early trade on Thursday tracking the weakness of the American currency in the overseas market. Forex…