Fed’s challenges
US Federal Reserve Chairman Jerome Powell finds himself at the centre of monetary policy moves that could sway the economic tides in a Presidential election year.
US Federal Reserve Chairman Jerome Powell finds himself at the centre of monetary policy moves that could sway the economic tides in a Presidential election year.
US stocks fell on Monday after Federal Reserve Chair Jerome Powell said on Sunday that the central bank is not ready to cut interest rates yet, a media report said.
The decision to leave interest rates unchanged and the subsequent remarks from Fed Chairman Jerome Powell have sparked a sea change in market sentiment.
Inflation is now at 3.1 per cent though the Fed's target is to keep it at 2 per cent on an annualised basis.
The revival in stocks, though off to a bumpy start in December, has been broad in reach, pulling up shares of everything from small caps to cyclical stocks
The US Federal Reserve may have to hold back interest rate hike for some time now as its 19 months of historic hikes to tamp down on inflation is driving consumer prices high on car loans, housing mortgages are the highest, realty rates unattainable and fuel prices are soaring
The US Federal Reserve has announced another interest hike of three-fourths of a percentage point, the fourth such hike in its continuing efforts to cool the economy and curb inflation.
The central bank Governor cleared the air that another interest rate hike is imminent. The two-day monetary policy meeting in the US will start on September 20.
According to trade analysts, the domestic markets continue to suffer as the Coronavirus pandemic is effecting the global economy deeply.
The US dollar index on Tuesday increased against other major currencies in late trading as investors expect the Federal Reserve…