Federal Reserve Chair Jerome Powell announced that the US central bank will be keeping its interest rates unchanged for now, citing inflation levels which fall above Fed’s 2 per cent target and a solid job market. Speaking before the Senate Banking Committee on the first of a two-day testimony, Powell hinted that the central bank would maintain its current policy …
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The Federal Reserve kept its benchmark lending rate unchanged at between 4.25 percent and 4.50 percent on Wednesday, despite pressure from President Trump for further cuts in the first rate decision following his return to office.The central bank said that the unemployment rate has “stabilized at a low level in recent months, and labor market conditions remain solid,” while admitting …
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NEW DELHI: US President Donald Trump’s approach in the second term on tariff announcements has been perceived by markets as a more gradualist approach compared to his earlier aggressive campaign rhetoric, as per a report by Union Bank of India. While Trump has threatened to impose tariffs on goods from several countries including China, Mexico, Canada, and the Eurozone, the …
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