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On Wednesday, the United States Federal Reserve raised the interest rate by 0.75 per centage points following similar steep hikes earlier. Fed Reserve chairman Jerome Powell did not say whether...
The Indian rupee weakened past 82 per dollar to hit a record low on Friday after a chorus of US Federal Reserve officials reiterated the need for higher interest...
Global stocks rallied on Tuesday and the dollar dipped as weak US data sparked hopes the Federal Reserve could ease its interest-rate hiking plans. Frankfurt and Paris equities soared more...
Britain’s central bank raised its key interest rate by another half-percentage point on Thursday, avoiding more aggressive steps to tame inflation that the US Federal Reserve and other banks have...
US household wealth fell by a record $6.1 trillion in the second quarter to its lowest in a year as a bear market in stocks far outweighed further gains in...
The US dollar extended its rally on Monday, hitting a five-week high on the yen after US Federal Reserve Chair Jerome Powell signalled interest rates would be kept higher for...
The Federal Reserve has raised interest rates on Wednesday by 75 basis points, taking the interest rate to between 1.5 and 1.75 per cent, which is still quite low. But...
The central banks across the world seem to have woken up to the reality of rising inflation, and they are using the one weapon in their hands, the interest rate,...
Asian and European stocks mostly sank on Friday on hawkish comments from the Federal Reserve about its monetary tightening plans, sending the dollar sharply higher against the euro. Frankfurt stocks...
The US Federal Reserve has raised the bank interest rate from a near-zero level to 0.25 to 0.50 per cent range, for the first time in four years as inflation...
