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US dollar rises against major currencies

The US dollar increased against other major currencies as Federal Reserve Chair Janet Yellen said the central bank is close to raising interest rates recently.

Rate hike likely appropriate 'relatively soon': Janet Yellen

Rate hike likely appropriate 'relatively soon': Janet Yellen

Federal Reserve Chair Janet Yellen said Thursday an interest rate increase likely will be appropriate "relatively soon" as long as there is further evidence of progress in the economy.

Fed holds rates steady, sets stage for December hike

Fed holds rates steady, sets stage for December hike

The Federal Reserve kept interest rates unchanged on Wednesday in its last policy decision before the U.S. election, but signaled it could hike in December as the economy gathers momentum and inflation picks up.

US Fed to hold rates steady, put December hike firmly in view

US Fed to hold rates steady, put December hike firmly in view

The U.S. Federal Reserve is expected to keep interest rates unchanged on Wednesday but set the stage for a hike in December amid signs the economy is picking up steam.

Fed's Yellen says ''high-pressure'' policy may be only way back from crisis

The Federal Reserve may need to run a "high-pressure economy" to reverse damage from the crisis that depressed output, sidelined workers and risks becoming a permanent scar, Fed Chair Janet Yellen said on Friday in a broad review of where the recovery may still fall short.

Fed's dilemma: Hike or not!

Fed's dilemma: Hike or not!

With a potentially volatile US presidential election and two months of economic data still to come, the Fed policymakers are engrossed in a dilemma – whether to go for a rate hike or maintain status quo. As of now, they seem to be hovering anywhere in between in the confused territory.

Fed keeps rates steady: What's next?

Fed keeps rates steady: What's next?

Providing respite to the emerging markets once again, the US Federal Reserve maintained status quo with interest rates on Wednesday. Nevertheless, Fed indicated that the rates can be hiked by the year end if the labour market improves.

Citi sticks with year-end Sensex target at 28,800

Global financial services major Citigroup has maintained year-end Sensex target at 28,800 amid expected rise in interest rates by the US Fed post its chair Janet Yellen saying the case for rate hike was strengthening.

Most Asian markets slump, Tokyo soars on US rate talk

Most Asian markets slump, Tokyo soars on US rate talk

Japanese stocks rallied on a weaker yen but other Asian markets retreated Monday after Federal Reserve chief Janet Yellen hinted at a US interest rate hike by the end of the year.

 

US economic growth estimate for 2nd quarter cut to 1.1%

The Commerce Department slightly cut its estimate of US economic growth in the second quarter to 1.1 percent Friday, underscoring the surprise weakness in activity during the period.

 Fed close to hitting job and inflation targets: Stanley Fischer

Fed close to hitting job and inflation targets: Stanley Fischer

The Federal Reserve is close to hitting its targets for full employment and 2 percent inflation, the Fed`s No. 2 policymaker said on Sunday in comments that did not address when the U.S. central bank should next raise interest rates.

Brexit could rile markets and impact global economic growth: Janet Yellen

Brexit could rile markets and impact global economic growth: Janet Yellen

Two days before Thursday`s Brexit referendum in Britain, she told a Senate panel that the issue was one of a number of important risks facing the US and the global economy.

Fed keeps interest rate steady as Brexit vote looms

Fed keeps interest rate steady as Brexit vote looms

The Federal Reserve held its key interest rate unchanged Wednesday, in part due to concerns about the disruption Britain`s looming Brexit vote could have on global markets.

Forbes 10 Most Powerful Women 2016

Forbes 10 Most Powerful Women 2016

These are the most powerful women in the world for the year 2016, as per Forbes.

Pro-Brexit vote could have significant economic repercussions: Janet Yellen

Pro-Brexit vote could have significant economic repercussions: Janet Yellen

Warning of the fallout on markets, Federal Reserve Chair Janet Yellen said on Monday that the global economy if Britain votes to leave the European Union in the June 23 Brexit referendum.

Janet Yellen says Fed rate hike likely appropriate in coming months

Janet Yellen says Fed rate hike likely appropriate in coming months

The Federal Reserve should raise interest rates "in the coming months" if the economy picks up as expected and jobs continue to be generated, U.S. central bank chief Janet Yellen said on Friday, bolstering the case for a rate increase in June or July.

Gold price at 3-week high as dollar struggles amid US rate outlook

Gold price at 3-week high as dollar struggles amid US rate outlook

Gold jumped to a three-week peak on Tuesday on expectations the Federal Reserve will not raise US interest rates soon and as the dollar traded close to its lowest in nearly eight months, though profit-taking chipped away at some recent gains.

Obama, Fed chief discuss growth, Wall Street reform

Obama, Fed chief discuss growth, Wall Street reform

President Barack Obama and Federal Reserve chair Janet Yellen discussed the outlook for economic growth and progress from Wall Street reform during a meeting Monday, the White House said.

Fed debated April rate hike but caution reigned due to global fears: Minutes

Fed debated April rate hike but caution reigned due to global fears: Minutes

Federal Reserve policymakers debated last month whether an interest rate hike would be needed in April though a consensus emerged that risks from a global economic slowdown warranted a cautious approach.

Dollar near 17-month low vs yen after Japan PM's currency comments

Abe told the Wall Street Journal that countries should avoid seeking to weaken their currencies with "arbitrary intervention."