At their January-February meeting, the Federal Reserve agreed to slow the pace of interest rate increases to a quarter of a percentage point, but also agreed that the risks of high inflation warranted continued rate hikes until it was controlled. Data since the meeting has shown an economy continuing to grow and add jobs at […]
Wall Street\’s main indexes edged up on Wednesday, a day after their worst performance of the year, as investors awaited minutes from the Federal Reserve\’s policy meeting. The minutes are expected to detail the debate at the central bank about the rate hike path, with some members expecting inflation to reach 2% this year. Money […]
BENGALURU: Indian shares extended losses on Wednesday after strong economic data from the US kept investors worried that central banks, including the US Fed, would have to keep raising interest rates to tackle inflation. The Nifty 50 index was down 0.86% at 17,674.50, while the S&P BSE Sensex fell 0.85% at 60,150.93 as of 10:34 […]
Gold prices rose marginally on Wednesday, as investors awaited minutes of the US Federal Reserve’s latest policy meeting to assess prospects of further interest rate hikes. Spot gold was up 0.1% at $1,835.40 per ounce, as of 0334 GMT. US gold futures firmed 0.1% to $1,845.10. Bullion is seen as a hedge against inflation, but […]
MUMBAI: The Indian rupee is expected to decline versus the dollar at open following an overnight jump in US yields on bets of more rate hikes from the US Federal Reserve. The non-deliverable forwards indicate the rupee will open at around 82.85 to the US dollar compared with 82.79 in the previous session. The 10-year […]