Browsing Tag
Fed
Former Fed chair Ben Bernanke to lead review of Bank of England forecasts
Ben Bernanke, the former chair of the US central bank, is to lead a review of the Bank of England's forecasting amid criticism of its handling of the cost of living crisis.Dr Bernanke, who steered the world's largest economy…
Key US inflation gauge cools further as rate hikes bite – Times of India
WASHINGTON: A key indicator of US inflationcooled in June to the lowest annual rate in over two years, although this remains above the central bank's target, according to government data released Friday.The Federal Reserve's preferred…
U.S. Q2 GDP growth unexpectedly accelerates to 2.4% despite Fed hikes
The U.S. economy surprisingly accelerated to a 2.4% annual growth rate from April through June, showing continued resilience in the face of steadily higher interest rates resulting from the Federal Reserve’s 16-month-long fight to bring…
US Fed Lifts Rates To Highest Since 2001 And Hints At More To Come
<!-- -->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…
How Another Fed Interest Rate Hike Impacts Your Money
It was all eyes on the Federal Reserve again this week. At Wednesday's Federal Open Market Committee meeting, the federal funds benchmark rate went up by a quarter of a percentage point, bringing the new range to 5.25% to 5.50%, the highest…
US Q2 GDP Grows At Faster 2.4% Rate Despite Fed Rate Hikes – News18
Thursday's estimate from the US Commerce Department indicated that the gross domestic product picked up from the 2 per cent growth rate in the January-March quarter. (Representative image)US consumer spending slows to a 1.6 per cent annual…
US stocks end near flat after Fed hikes rates again – Times of India
NEW YORK: Wall Street stocks shrugged off the latest Federal Reserve interest rate hike on Wednesday, finishing little-changed after a choppy session.The Dow Jones Industrial Average ended 0.2 percent higher at 35,520.12.The broad-based…
Asian shares climb after Fed hikes as expected; eyes on Europe, Japan
SYDNEY : Asian shares advanced and the dollar fell on Thursday after a well-flagged U.S. rate rise delivered no major surprises, although policymakers in Europe and Japan could pose risks for markets with their own interest rate…
Fed Raises Rates After a Pause and Leaves Door Open to More
Federal Reserve officials raised interest rates to their highest level in 22 years, continuing their 16-month campaign to wrestle inflation lower by cooling the American economy even as they left the door open to further action if inflation…