US central bank

US Fed raises key interest rate amid strong labor market

US Fed raises key interest rate amid strong labor market

The US Federal Reserve has raised the benchmark interest rate by 25 basis points.

Dec 14, 2017, 09:02 AM IST
Fed policymakers say rate increase likely warranted soon

Fed policymakers say rate increase likely warranted soon

The central bank has increased rates four times in a tightening cycle that began in late 2015.

Nov 23, 2017, 12:07 PM IST
US fines HSBC $175 million for lax forex oversight

US fines HSBC $175 million for lax forex oversight

In an order, the Fed also directed HSBC to improve internal oversight measures and compliance with risk management requirements in its foreign exchange trading.

Sep 30, 2017, 14:14 PM IST
US Fed raises rates, unveils balance sheet cuts in sign of confidence

US Fed raises rates, unveils balance sheet cuts in sign of confidence

The Federal Reserve raised interest rates on Wednesday for the second time in three months and said it would begin cutting its holdings of bonds and other securities this year, signalling its confidence in a growing US economy and strengthening job market.

Jun 15, 2017, 10:00 AM IST

US job growth slows sharply, unemployment rate falls to 4.5%

The unemployment rate fell two-tenths of a percentage point to 4.5 percent, the lowest level since May 2007.

Apr 07, 2017, 18:22 PM IST
US Fed raises rates, sees faster pace of increases in 2017

US Fed raises rates, sees faster pace of increases in 2017

The U.S. Federal Reserve raised interest rates by a quarter point on Wednesday and signalled a faster pace of increases in 2017 as the Trump administration takes over with promises to boost growth through tax cuts, spending and deregulation.

Dec 15, 2016, 00:51 AM IST

US dollar declines after Fed statement

In the statement released on Wednesday after Fed's two-day policy meeting, the US central bank decided to keep its federal funds rate unchanged amid recent weak economic data and tepid inflation, Xinhua news agency reported.

Sep 22, 2016, 04:55 AM IST
 Gold near 3-week low on Fed rate hike expectations, firmer dollar

Gold near 3-week low on Fed rate hike expectations, firmer dollar

Gold was trading near a three-week low on Thursday after minutes from a Federal Reserve policy meeting signalled the U.S. central bank could raise rates as soon as next month, boosting the dollar.

May 19, 2016, 13:18 PM IST
US jobless claims edge up; current account deficit falls

US jobless claims edge up; current account deficit falls

The number of Americans filing for unemployment benefits rose from a five-month low last week, but remained below a level associated with a strengthening labor market. Initial claims for state unemployment benefits increased 7,000 to a seasonally adjusted 265,000 for the week ended March 12, the Labor Department 

Mar 17, 2016, 22:05 PM IST
Tokyo stocks drop to lowest since 2014 on global recession fears

Tokyo stocks drop to lowest since 2014 on global recession fears

Japanese stocks again dropped Wednesday to their lowest level since late 2014, as fears of a global recession hammered investor confidence ahead of testimony by the head of the US central bank.

Feb 10, 2016, 13:47 PM IST

US dollar rises amid Fed rate hike expectation

The US dollar gained on Tuesday as market expected the Federal Reserve to continue the interest rate hike in 2016.

Jan 13, 2016, 05:13 AM IST

Fed chief Yellen's news conference after FOMC meeting

The rate hike reflects the committee's confidence that the economy will continue to strengthen. The economic recovery has clearly come a long way, although it is not yet complete, Janet Yellen said. 

Dec 17, 2015, 02:58 AM IST

Hong Kong stocks fall for ninth straight session

Hong Kong stocks fell Tuesday for a ninth successive session due to a late sell-off as investors await the conclusion of a much-anticipated US central bank meeting.

Dec 15, 2015, 15:24 PM IST

The Fed won`t wait for 2% inflation to raise rates: Fischer

Federal Reserve Vice Chairman Stanley Fischer warned Saturday that the US central bank will not wait for inflation to hit two percent before raising interest rates.

Aug 29, 2015, 22:26 PM IST

Fed's Yellen sees rate hike 'later this year'

Yellen, however, remained cautious, saying she still saw slack in the jobs market, which has been a key factor in how the Fed approaches its first rate hike since 2006.

Jul 10, 2015, 23:50 PM IST

Gold sits tight near $1,200 as dollar climbs to one-month high

Gold was stuck in a tight trading range above $1,200 an ounce on Tuesday, as the dollar jumped to a fresh one-month peak against a basket of major currencies on the prospect of higher U.S. interest rates this year.

May 26, 2015, 09:39 AM IST

US inflation steadies in April

The Fed`s preferred inflation measure, the personal consumption expenditures price index, rose 0.3 percent in March year-over-year, while the core PCE price index was up a modest 1.3 percent.

May 22, 2015, 18:54 PM IST

Gold snaps three-day losing streak but US rate worries remain

Spot gold ticked up 0.4 percent to $1,183.08 an ounce by 0704 GMT, up from a six-week low of $1,170.20 reached on Friday

May 04, 2015, 13:49 PM IST

Fed officials lean all ways on rate hikes, data in focus

Federal Reserve officials on Thursday were again at public odds over when the U.S. central bank should start raising rates, underscoring the difficult task ahead for Fed Chair Janet Yellen as she tries to build consensus for a rate hike sometime later this year.

Apr 17, 2015, 06:10 AM IST

Fed President John Williams says wouldn't rule out June rate hike

San Francisco Federal Reserve Bank President John Williams said the US central bank needs to keep its options open regarding the possibility of raising interest rates in June, Japanese financial news daily Nikkei reported on Monday.

Feb 24, 2015, 08:52 AM IST