E-PaperUs Central Bank News
US Fed slashes rates but indicates no more cuts: What does it mean for India?
The US central bank lowered the target range for its key interest rates by 25 basis points to between 1.75% and 2%,Since July, FIIs have sold Indian shares worth $2.82 billion, but have remained net buyers with $6.59 billion in the year so far.
2 min read19 Sep 2019Fed's Powell: 'Patient' policy still warranted despite 'solid' US growth
Powell reaffirmed the policy shift made by the US central bank in JanuaryThe Fed estimates that gross domestic product will have grown by slightly less than 3% in 2018
3 min read26 Feb 2019Trump calls “loco” Federal Reserve “too aggressive”
Since the close of Wednesday's trading session on Wall Street, Trump has called the Fed crazy, loco, ridiculous, and too cute, while saying its rate increases are too aggressive
3 min read11 Oct 2018US Federal Reserve likely to hold interest rates amid market sensitivity
While the US Fed will leave the benchmark lending rate untouched on Wednesday, investors will be reading anxiously between the lines for signs of how concerned FOMC officials appear to be about rising wages and inflation
3 min read29 Apr 2018Jerome Powell’s Fed likely to raise rates, may upgrade 2018 outlook
Federal Reserve is expected to raise interest rates at its first policy meeting under chairman Jerome Powell and may signal more hikes
3 min read21 Mar 2018Fed chairman Jerome Powell: a seminal debut
It is perhaps the first time in nearly three decades that a Fed chairperson is referring to avoiding an overheated economy even while inflation is undershooting the target
4 min read1 Mar 2018Global gold prices rise from over three-week low on bargain hunting
Global gold prices rise 0.3% to $1,328.86 per ounce on Wednesday after it dropped more than 1% to its lowest in over three weeks in the previous session
2 min read7 Feb 2018Jerome Powell approved by Senate to succeed Janet Yellen as Fed chair
Jerome Powell approved by the Senate to take the helm of the US central bank when Fed chair Janet Yellen's term ends on 3 February
3 min read24 Jan 2018Fed’s Patrick Harker stands by call for rate hike next month
Fed's Patrick Harker says he expects to back an interest rate hike next month despite caution over low-inflation
2 min read13 Nov 2017Donald Trump nominates Fed’s Jerome Powell to lead US central bank
Jerome Powell emerged as Trump's choice for the post of Fed chief from a five-person slate of possible nominees that included Yellen
3 min read3 Nov 2017Popular Topics
Budget
The Union Budget contains details about the estimated receipts and the expenditure of the government for a particular fiscal year. The Budget is allotted for the upcoming fiscal year, which runs from 1st April to 31st March of the next year. Here is a quick guide on how the Union Budget is prepared