rate hike

In a closely watched move, the Federal Reserve is poised to raise interest rates by 0.25 percent this week. This anticipated hike would mark the central bank's 11th rate increase in just 18 months, setting the stage for a significant…

In a closely watched move, the Federal Reserve is poised to raise interest rates by 0.25 percent this week during its crucial policy meeting. This anticipated hike would mark the central bank's 11th rate increase in just 18 months, setting…

Last Updated: July 13, 2023, 02:03 ISTNew York, United States of America (USA)Spot gold was up 1.3% at $1,957.39 per ounce by 10:49 a.m. EDT (1449 GMT), while U.S. gold futures rose 1.3% to $1,963.00. (Reuters)Gold prices surge as cooling…

Last Updated: July 13, 2023, 02:04 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: June 29, 2023, 02:42 ISTNew York, United States of America (USA)Powell reiterated that more rate rises likely lie ahead for the central bank, and did not rule out a boost in the cost of borrowing at a policy meeting scheduled…

United States Fed chair Jerome Powell on Wednesday said that lending rate hikes may continue in the future but at a slower pace. Powell made this statement while speaking at a Congressional hearing on financial services."Given how far we've…

The voters in Switzerland extended their overwhelming support to increasing the global minimum tax rate to 15 per cent for multinational corporations, as 79 per cent of people voted in favour, showed projections published shortly after…

Last Updated: June 17, 2023, 00:37 ISTNew York, United States of America (USA)Aside from Gold, Silver gained 1% to $24.10 per ounce, while platinum fell 0.3% to $982.62, both down for the week. (Reuters File Photo)Spot gold edged up 0.1% to…

U.S. shares struck new highs for the year on Friday, setting world stocks up for gains for the week, as rising bets that the Federal Reserve will skip a rate hike next week overshadowed worries about U.S. markets being drained of…

Last Updated: June 08, 2023, 04:35 ISTNew York, United States of America (USA)The dollar gained 0.31% to 140.10 yen, while the euro rose 0.11% against the U.S. currency to $1.0703. The dollar index was little changed on the day at 104.07.…