Read ePaper

Federal Open Market Committee

Jerome Powell Hints Major Rate Cut Coming In September ‘Inflation Falling, Unemployment Faces Risks’

23 Aug 2024

US Federal Reserve Chairman Jerome Powell indicated on Friday that the central bank is poised to adjust its monetary policy, with potential rate cuts depending on upcoming inflation and unemployment data. Speaking at the Jackson Hole Symposium, Powell acknowledged that while inflationary risks have lessened, concerns about employment have increased....

US Federal Reserve Holds Interest Rates Steady At 5.25-5.50%

02 May 2024

The US Federal Reserve declared its decision on interest rates today following a two-day Federal Open Market Committee (FOMC) meeting, opting to maintain the benchmark rates at 5.25 percent to 5.50 percent for the sixth consecutive meeting. This decision aligns with estimates from Wall Street. The rate-setting committee concluded its...

Stock Market To Be Close Today For Maharashtra Day

01 May 2024

In commemoration of Maharashtra Day, stock exchanges are scheduled to close on Wednesday. Regular trading is scheduled to return on Thursday. May 20, the day of the general elections, is set aside for the following market holiday. The US stock market was doing well yesterday, but investor confidence improved because...