US Fed chief strongly signals rate cut in September, shifts focus from inflation to unemployment

Aug 23, 2024

US Federal Reserve Chair Jerome Powell gave a strong indication that it was time for the US central bank to reduce interest rates as...

US Federal Reserve hikes interest rates by 25 basis points

May 04, 2023

The US Federal Reserve, in its meeting held today, raised interest rates by 25 basis points.

Big US banks beat earnings expectations on higher interest rates

Apr 15, 2023

JPMorgan Chase, the country's largest bank, reported a USD 12.6 billion net profit for the first quarter of 2023, up 52 per cent from...

US Fed Chair indicates no rush in cutting interest rates

Mar 06, 2024

Reducing policy restraint too soon or too much could result in a reversal of progress was made in terms of inflation and ultimately require...

No hurry to cut interest rates, US Fed Chair indicates

Mar 30, 2024

The Federal Reserve's preferred inflation gauge, the Personal Consumption Expenditures price index, was up 2.5% for the 12 months.

US Federal Reserve hikes interest rates by 75 basis points

Jun 16, 2022

Washington [US], June 16 : The US Federal Reserve on Wednesday (local time) raised interest rates by 75 basis points (bps) or three-quarters of...