Federal Reserve: News

28 Oct 2024

Diwali

Gold rush: Investments doubled in just 5 years

A study by Motilal Oswal Financial Services Ltd (MOFSL) has revealed that gold investments made during Diwali in 2019, have yielded returns exceeding 103% as of today.

24 Oct 2024

Business

Silver prices may surge to ₹1.2 lakh by Diwali: Analysts

Silver prices in India crossed the ₹1 lakh mark this week, hitting a major milestone.

21 Oct 2024

Indian Rupee (INR)

Indian Rupee hits record low against Dollar: What's fueling downturn?

The Indian Rupee (INR) hit a historic low in its closing value today, ending at 84.0725 against the US Dollar (USD).

18 Oct 2024

US Elections

Gold prices skyrocket to record high: What's fueling the surge

Gold prices have skyrocketed to an all-time high, crossing $2,700 per ounce for the first time on Friday.

07 Oct 2024

Goldman Sachs

Is US out of recession risk? Goldman Sachs weighs in

Goldman Sachs has cut the probability of the United States entering a recession in the next year from 20% to 15%.

24 Sep 2024

India

Gold prices reach record high, could soon hit ₹78,000/10g

Gold prices have reached an all-time high, with the spot price of gold hitting $2,638.37 (₹2.2 lakh) per ounce (28.3g) during today's session.

19 Sep 2024

Employment

How Fed's first rate cut in years affects global economy

The US Federal Reserve has declared a significant reduction in its principal lending rate, marking the first such move since the COVID-19 pandemic.

19 Sep 2024

Bitcoin

Bitcoin surges 2.5% as US Federal Reserve slashes interest rates

Bitcoin's value has experienced a significant increase following the US Federal Reserve's decision to cut borrowing rates.

US Federal Reserve may announce a rate cut this Wednesday

The US Federal Reserve is preparing to announce its first interest rate reduction in over four years, this Wednesday.

US inflation hits 3-year low as Fed prepares rate cuts

Inflation in the US experienced a significant decrease last month, reaching its lowest point since February 2021.

09 Sep 2024

Business

Is US heading toward a recession? Know what Barclays thinks

Pooja Sriram, a leading US economist at Barclays, has expressed confidence in the resilience of the American economy.

06 Sep 2024

Inflation

Today's US jobs report could make or break global markets

The release of the August jobs report later today is poised to significantly impact the US economy.

04 Sep 2024

Japan

Japanese stocks tumble amid tech sell-off and US recession features

Japanese stocks have experienced their most significant drop since entering a bear market a month ago.

02 Sep 2024

Inflation

What changes for you when central banks cut interest rates

Central banks worldwide are preparing for a significant shift in fiscal policy, with plans to reduce interest rates this fall.

US national debt surpasses $35 trillion for the first time

The United States's gross national debt has surpassed $35 trillion for the first time in history, according to data released by the US Treasury Department.

29 Jul 2024

Bitcoin

Bitcoin hits 6-week high of $69,500 after Trump's pro-crypto speech

Bitcoin, the world's largest digital asset, soared to a six-week high on Monday. This surge followed a pro-crypto speech by Republican presidential nominee Donald Trump over the weekend.

26 Jul 2024

Bitcoin

Want to join Trump's Bitcoin roundtable? It'll cost you $800,000

The Bitcoin conference, known for its steep ticket prices, has commenced in Nashville, Tennessee.

17 Jul 2024

China

Gold prices hit all-time high: What investors need to know

Gold prices soared to an unprecedented high on Wednesday, with spot gold rising 0.2% to $2,473.87 per ounce and peaking at a record $2,482.29.

04 Jul 2024

HDFC Bank

Sensex reaches fresh record high, opens above 80,300

The S&P BSE 30 share benchmark index, also known as the Sensex, opened at an unprecedented high of over 80,300 on Thursday morning.

20 May 2024

India

Gold price hits record high amid global economic uncertainty

Gold prices have soared to an unprecedented high, reaching $2,450.49/ounce in a recent trading session, marking an 18.65% increase this year alone.

17 May 2024

NASDAQ

Dow Jones soars past 40,000 for the first time ever

The Dow Jones Industrial Average achieved a historic milestone on Thursday as it crossed the 40,000 level for the first time.

16 Apr 2024

Indian Economy

Morgan Stanley forecasts no rate cuts for India in 2024-25

Morgan Stanley's team of analysts predicts that India is unlikely to lower its interest rates in the fiscal year 2024-25.

01 Apr 2024

India

Gold prices hit a fresh all-time high of ₹69,487

Gold prices in India reached an all-time high of ₹69,487 per 10 grams on Monday, marking a significant increase of nearly ₹1,800 in initial trade.

14 Feb 2024

Stock Market

Why Nifty and Sensex are trading in red today

Indian stocks faced a substantial drop today, influenced by the downturn in US markets last night.

14 Dec 2023

Nifty

Why Indian IT stocks are surging after US Fed meeting

The Nifty IT index soared to an all-time high on Thursday, thanks to positive takeaways from the US Federal Reserve's meeting.

14 Dec 2023

Sensex

Sensex, Nifty50 hit all-time high as Fed hints rate cuts

In a surprising move, the US Federal Reserve decided to keep benchmark rates steady while hinting at potential rate cuts in 2024.

13 Dec 2023

Indian Rupee (INR)

INR closes at all-time low of 83.41 against US dollar

The Indian rupee (INR) saw a slight dip of four paise, reaching an all-time closing low of 83.41 (provisional) against the US dollar on Wednesday.

04 Dec 2023

Business

Gold prices reach record high amid hopes of rate cuts

Gold hit a record high of $2,111.39 per ounce on Monday after the US Federal Reserve Chair Jerome Powell's optimistic remarks raised expectations of an early interest rate cut next year.

29 Nov 2023

Personal Finance

Global bonds near their best month since 2008 financial crisis

In November, sovereign and corporate debt worldwide shot up by 4.9%, per a Bloomberg analysis. That is the biggest monthly gain since December 2008.

07 Nov 2023

Saudi Arabia

Oil prices fall below $80 amid US Fed rate concerns

For the first time in over two months, oil prices have dipped under $80 a barrel.

02 Nov 2023

Sensex

Nifty50, Sensex gain 1% as US Fed pauses rate hikes

The domestic market opened higher on Thursday as the US Federal Reserve decided to hit a pause again on rate hikes.

US Fed meeting begins today: Here's what to expect

The United States Federal Reserve will make its decision on whether to maintain or adjust interest rates during its upcoming meeting scheduled from October 31 to November 1.

US may fall into recession in Q3 this year

Over the past few days, we have heard about how the probability of a recession in the US is falling. However, an index designed to understand where an economy is heading in the near term suggests otherwise.

23 Mar 2023

Inflation

US hikes rates for 9th consecutive time: Fight or flight 

The ongoing banking crisis has failed to influence the US Federal Reserve. In an unsurprising move, the Fed hiked interest rates by 25 basis points in an aggressive push to tame high inflation.

31 Dec 2022

Indian Rupee (INR)

Indian rupee ends 2022 as Asia's worst-performing currency

The Indian rupee has had a lackluster 2022. It ended 2022 as Asia's worst-performing currency.

01 Jul 2022

US Dollars

#NewsBytesExplainer: What is causing Indian rupee's fall against US dollar

This week saw the Indian rupee hit an all-time low against the US dollar as it moved past the 79 rupees to a dollar mark.

10 May 2022

Inflation

How Tiger Global lost $17 billion in tech investments

New York-based Tiger Global, one of the world's biggest hedge funds, has been hit by losses of around $17 billion this year caused by the large-scale sell-off of technology stocks since last week.

25 Feb 2022

New York City

US fines National Bank of Pakistan for anti-money laundering violations

The United States federal regulators imposed fines worth $55 million on the National Bank of Pakistan (NBP) for non-compliance and anti-money laundering violations.

22 Jun 2018

Donald Trump

35 US-banks would survive global economic recession: US Federal Reserve

The US's 35 largest banks are "strongly capitalized" and would survive a severe global economic recession, the Federal Reserve announced.

Gold prices fall by Rs. 300 on weak global-cues, low-demand

Gold prices dived by Rs. 300 to Rs. 31,600 per ten grams, extending their slide for the third straight day at the bullion market today, tracking a weak trend overseas amid fall in demand from local jewelers.

13 Dec 2017

India

Gold prices steady after four-month low

After falling continuously since a week, gold prices hit a four-month low yesterday, after a dip of Rs. 180 in the Delhi bullion market.

01 Nov 2017

Donald Trump

Ex-RBI governor Raghuram Rajan to next head US Federal Reserve?

Former governor of the Reserve Bank of India, Raghuram Rajan, makes for an ideal candidate to head the US Federal Reserve, says international financial magazine Barron's.

Is the US drug crisis linked to 'jobs market'?

Amid US's major opioid crisis, Federal Reserve Chief, Janet Yellen suggested that the crisis may be linked to a decline in the number of working Americans or those looking for work.

13 Jul 2017

Sensex

Sensex closes above the 32,000 for the first time ever

Riding high on the dovish comments of US Fed Chair Janet Yellen before the US Congress and a fall in retail inflation in June, benchmark equity indices reached record high levels today as the market opened.

US Federal Reserve hikes interest rate, plans balance sheet reduction

The Federal Reserve has hiked its benchmark lending rate by a quarter percentage point to 1.25% from its erstwhile 1%, showing its conviction in the US economy's growth and the job market performance and said that there is a chance of another hike later this year.

US Federal Reserve hikes benchmark interest by 0.25%

The US Federal Reserve raised its benchmark interest rate for the second time in three months by 0.25% to a range of 0.75-1%.