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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...
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...
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 Fed halted the rate hike after a 52-week-long fight to rein in the price pressures on the economy by November last year

US inflation touches 3.1% leaving doubts over whether Fed will resort to rate cuts

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US inflation, more stubborn than expected, edged down to 3.1% in January Inflation in the US, which cooled in January, rose again exceeding Wall Street’s...
Rupee has shown strength at the beginning of 2024, aided by positive participation in the capital markets and RBI interventions

Rupee edges up against US dollar for the seventh consecutive day

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Rupee gains 2 paise to 83.01 against US dollar On Thursday, the rupee edged up by 2 paise vis-a-vis the US dollar to close at...
The US economy could face a "long, slow grind" as huge debts take their toll

‘US economy headed China’s way as debt outpaces growth’: Report

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US economy could end up like China's as massive debt weighs on growth, market expert says The US economy seems to be heading the China...
If I.N.D.I.A. rules for a few years, Bharat could become a Hindu minority. If NDA rules, it is likely to preserve the current religious ratios

World views of an average Indian – 1: Where do I stand on I.N.D.I.A....

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Why I stand with the NDA and not I.N.D.I.A. Why do I call myself an average Indian? Because this is the simplest way to identify myself. Each of...
Issues related to Indian and US priorities in addressing global debt challenges, joint efforts to advance the clean energy transition were discussed

India, US discuss G20 cross-border payments, global debt challenges

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India & US talk on G20 cross-border payments and global debt challenges India and the US have held wide-ranging discussions on cross-border payments issues including...
The probability for a much worse than the 1970s inflation or perhaps even hyperinflation in the US Dollar looks to be a very high one

US Economy – At the Crossroads

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Does US Fed know what lies ahead? The pause by the US Federal Reserve in the June meeting while still indicating at least a couple...

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