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The Federal Reserve eases policy with a rate cut and QT halt to boost liquidity. Explore its effects on the US economy and global finance

What does the US Federal Reserve’s latest interest rate cut and cessation of Quantitative...

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Federal Reserve's policy pivot: Rate cut and end of Quantitative Tightening The Federal Reserve's recent decision to reduce the federal funds rate by 25 basis...
The Fed confirmed in a statement that it was holding its benchmark lending rate steady at its 23-year high, between 5.25 and 5.50 percent

US Federal Reserve Bank keeps interest rate unchanged for fourth time in a row

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Powell-led FOMC keeps key rates unchanged at 5-1/4 to 5-1/2 percent for 4th straight meeting The US Federal Reserve Bank has kept the interest rate...
RBI has marginally lowered the CPI inflation projection for FY24 to 5.1 percent, it has emphasized on the inflationary risks

RBI-MPC won’t cut repo rate anytime soon, not before US Federal Reserve: Experts

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MPC opts for hawkish pause, focused on 4% inflation target Reacting to RBI's Monetary Policy Committee (MPC) to maintain the status quo as regards the...
Sushmita Shukla together with Bank's President & CEO will establish, communicate, and execute strategic direction of the organization

Indian-origin Sushmita Shukla appointed as First Vice President, Chief Operating Officer of Federal Reserve...

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New York Federal Reserve taps insurance executive for a new second in command Indian-origin insurance veteran Sushmita Shukla has been appointed as the First Vice...
The latest inflation data came after the Fed signalled that the central bank is ready to raise interest rates as soon as March to combat surging inflation

US Federal Reserve’s inflation measure hits nearly 40-year high

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US inflation leaps 5.8% in 2021, hits 40-year high The US sees a surge in inflation at its fastest pace in nearly 40 years last...
Top Court has ruled that the President must act within three months on bills referred by a governors and cannot exercise an absolute or pocket veto

Supreme Court sets deadline for Presidential decision on reserved state bills

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President must act within three months on bills sent by governors: SC For the first time, the Supreme Court of India has set a three-month...
India’s total foreign exchange reserves increased by 78%, growing from $393.735 bn to $701.176 bn as of early October 2023

Gold’s share in India’s foreign exchange reserves rises over 209% since 2018

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RBI's gold holdings rise by 27.46 metric tonnes As India's foreign exchange reserves surpass $700 billion, the share of gold in the country's forex reserves...
The arrest of Imran comes a day after the powerful army accused him of levelling baseless allegations against a senior officer of the spy agency ISI

Turmoil in Pakistan: High Court summons top officials for former PM Imran Khan’s arrest;...

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Imran Khan's dramatic arrest at Islamabad High Court The Islamabad High Court on Tuesday summoned top officials and police officers after paramilitary Rangers dramatically arrested...
India's foreign currency assets, the biggest component of the forex reserves, rose by $4.99 billion to $519.48 billion

India’s foreign exchange reserves surge to $588.78 billion

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India's forex reserves rise to 10-month high According to Reserve Bank of India (RBI) data released, India's foreign exchange reserves increased marginally by $4.53 billion...
Sipping fewer cups a day would cut Pakistan's high import bills, Federal Minister for Planning Ahsan Iqbal said

Pakistan Federal Minister asks people to drink fewer cups of tea to save precious...

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Pakistanis asked to drink less tea to cut imports Pakistan Federal Minister for Planning and Development Ahsan Iqbal has urged Pakistanis to drink less tea as...

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