Federal Reserve

Former US Federal Reserve Chairman Paul Volcker Dies At 92

World News | Agence France-Presse | Monday December 9, 2019

Former US Federal Reserve Chairman Paul Volcker, who tackled American inflation in the 1970s and '80s and later leant his name to landmark Wall Street reforms, died Sunday, according to media reports.

Federal Reserve Cuts Interest Rates For Third Time This Year

Business | Reuters | Thursday October 31, 2019

However, Federal Reserve signaled there would be no further reductions unless the economy takes a turn for the worse.

Rupee Moves Lower To 71.34 Against Dollar: 5 Things To Know

Business | Edited by Anshul (with inputs from PTI) | Thursday September 19, 2019

The rupee settled 10 paise lower against the dollar on Thursday. The local currency opened on a strong note at 71.36 and shuttled between a high of 71.06 and a low of 71.37. It finally settled at 71.34 against the dollar. According to analysts, heavy selling in domestic stock markets and unabated foreign fund outflows kept investors edgy. Investors...

US Central Bank Cuts Interest Rates, Signals Holding Pattern For Now

Business | Thomson Reuters | Thursday September 19, 2019

Federal Reserve Chairman Jerome Powell said the rate cut was designed "to provide insurance against ongoing risks" including weak global growth and resurgent trade tensions. The Fed also cut rates in July, the first such move since 2008, as it responded to risks from Mr Trump's trade war with China and other overseas developments.

Five Ways A Rate Cut By US Central Bank Could Affect Consumers

Business | Thomson Reuters | Wednesday September 18, 2019

The US central bank is expected to cut its benchmark rate by one quarter of a percentage point to a range of 1.75-2 per cent, the second rate reduction this year. Broader impacts of the Federal Reserve's decision to stop raising rates and start cutting them this year are already being felt across the economy.

Cut US Interest Rate 'Down To ZERO, Or Less', Says Donald Trump

World News | Agence France-Presse | Wednesday September 11, 2019

President Donald Trump wants US "interest rates down to ZERO, or less," he tweeted Wednesday amid widespread expectations that the Federal Reserve will cut rates later this month.

In A Fracturing World, Central Banks Stuck Together In Zero-Sum Battle

World News | Reuters | Wednesday September 11, 2019

The last time major central banks shifted gears together, it was a cooperative move to keep the financial crisis of a decade ago from becoming a full-bore, worldwide depression.

US Will 'Act As Appropriate' To Sustain Economy: Federal Reserve Chief

World News | Agence France-Presse | Saturday September 7, 2019

The US central bank is ready to step in to preserve the American economy's expansion amid mounting risks, Federal Reserve Chairman Jerome Powell said Friday.

Is Another Recession On The Horizon? Google Search Data Offers Clues

World News | Christopher Ingraham, The Washington Post | Friday September 6, 2019

By January 2008, it was clear that something was deeply amiss in the global economy. The unemployment rate was creeping upward. The Federal Reserve had slashed interest rates by the largest amount in 25 years. And financial markets around the world were tumbling.

No Rulebook For Trade War: Jerome Powell Vows To Sustain US Expansion

World News | Agence France-Presse | Saturday August 24, 2019

Federal Reserve Chair Jerome Powell vowed Friday to act to ensure the American economic expansion continues, but warned the central bank has no "rulebook" for dealing with the US-China trade war that deteriorated further almost as he spoke.

Trump Asks Who Is Bigger Enemy, US Central Bank Chief Or China's Xi

World News | Reuters | Saturday August 24, 2019

President Donald Trump reacted furiously on Friday after Federal Reserve Chair Jerome Powell spoke about the trade war with China and economic risks to the United States, asking whether his appointee to the US central bank was a greater "enemy" than China's leader Xi Jinping.

Rupee Closes At Over One-Month Low Against Dollar: 10 Things To Know

Business | NDTV Profit Team | Thursday August 1, 2019

The rupee closed 27 paise lower against the US dollar and breached the 69-mark on Thursday, news agency Press Trust of India (PTI) reported. The fall came on the back of heavy selling in domestic equity markets and strengthening of the US dollar after US Federal Reserve cut interest rate by 25 basis points for first time in a decade but signalled t...

Sensex, Nifty Drop To Lowest Level In 5 Months: 10 Things To Know

Business | Abhishek Vasudev | Thursday August 1, 2019

The S&P BSE Sensex and NSE Nifty 50 indexes nosedived in Thursday's session on the back of weak global cues after the US Federal Reserve rattled markets by signalling that its first rate cut in more than a decade was not the start of a lengthy easing cycle. The Sensex plunged as much as 787 points to trade below 37,000-mark for the first time since...

Sensex Drops 787 Points, Trades Below 37,000 For First Time In 5 Months

Business | NDTV Profit Team | Thursday August 1, 2019

The S&P BSE Sensex and NSE Nifty 50 indexes nosedived in Thursday's session tracking weak global cues, after the US Federal Reserve rattled markets by signalling that its first rate cut in more than a decade was not the start of a lengthy easing cycle. The Sensex index plunged as much as 787 points to trade below the 37,000 mark for the first time ...

Federal Reserve Cuts Interest Rates For First Time Since 2008

Business | Thomson Reuters | Thursday August 1, 2019

Fed Chairman Jerome Powell cited signs of a global slowdown, simmering US trade tensions and a desire to boost too-low inflation in explaining the central bank's decision to lower borrowing costs for the first time since 2008.