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fed

US Fed chair Jerome Powell declines to say if he would remain after term expires

by Mark McDuffie
US Fed chair Jerome Powell declines to say if he would remain after term expires

Federal Reserve Chair Jerome Powell on Thursday declined to say whether he would remain at the U.S. central bank as a board member after his term as chief expires in …

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private banks: Private sector banks poised to power India’s growth: Manishi Raychaudhuri

by Mark McDuffie
private banks: Private sector banks poised to power India’s growth: Manishi Raychaudhuri

“I have always been and I remain over the long term very positive on the private sector banking universe. India if it continues to grow at about, say, 7% to …

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Fed cuts rates, notes labor market easing and solid economic growth

by Mark McDuffie
Fed cuts rates, notes labor market easing and solid economic growth

WASHINGTON: The Federal Reserve cut interest rates by a quarter of a percentage point on Thursday as policymakers took note of a job market that has “generally eased” while inflation …

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Fed is about to get validation for its jumbo rate cut

by Mark McDuffie
Fed is about to get validation for its jumbo rate cut

The Federal Reserve’s preferred price metric and a snapshot of consumer demand are seen corroborating both the central bank’s aggressive interest-rate cut and Chair Jerome Powell’s view that the economy …

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emerging markets: Cameron Brandt on implications of rate cut for Emerging Markets?

by Mark McDuffie
emerging markets: Cameron Brandt on implications of rate cut for Emerging Markets?

“Historically, a cut of this size certainly triggers some discussion about whether it is triggered by current economic weakness or a desire to not be behind the curve,” says Cameron …

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Federal Reserve cuts key interest rate by a half-point

by Mark McDuffie
Federal Reserve cuts key interest rate by a half-point

By Christopher Rugaber | Associated Press WASHINGTON — The Federal Reserve on Wednesday cut its benchmark interest rate by an unusually large half-point, a dramatic shift after more than two …

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Asian stocks: Asian stocks rise as traders await Fed decision

by Mark McDuffie
Asian stocks: Asian stocks rise as traders await Fed decision

Most Asian stocks rose before a Federal Reserve policy decision, with traders still split on the size of an anticipated interest-rate cut. Japanese shares led regional gains as the yen’s …

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World braces for Fed easing amid 36-hour rate rollercoaster

by Mark McDuffie
World braces for Fed easing amid 36-hour rate rollercoaster

The world economy’s tectonic plates will shift this week when a US easing cycle begins, just as officials from Europe to Asia set policy against a backdrop of brittle markets. …

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Why Fed rate cuts are no magic fix for anemic hiring in US

by Mark McDuffie
Why Fed rate cuts are no magic fix for anemic hiring in US

Chair Jerome Powell cemented a shift in focus from inflation to employment last week when he said that the Federal Reserve does not seek a further cooling in the labor …

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Wall Street ends sharply higher as Powell cements September rate cut hopes

by Mark McDuffie
Wall Street ends sharply higher as Powell cements September rate cut hopes

U.S. stocks rallied on Friday as dovish remarks from U.S. Federal Reserve Chair Jerome Powell solidified expectations that the central bank will cut its key policy rate in September. In …

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