Federal Reserve’s Chair Jerome Powell discussed the US economic outlook at the Economic Club of Chicago. Key Quotes Well positioned to wait for greater clarity before considering any changes to policy stance. US economy ‘solid’ despite heightened uncertainty, downside risks. At or near maximum employment, inflation a bit above 2% goal, has come down a…
US stocks edged higher on Monday as steelmakers surged after US President Donald Trump said he would impose 25% tariffs on steel and aluminum imports. Trump also said he would announce reciprocal tariffs on all countries on Tuesday or Wednesday. As of 10:15 am Eastern time, the S&P 500 was up 0.6%. The Dow Jones…
Mumbai: After finance minister Nirmala Sitharaman delivered a consumption-supporting budget, the ball is now in the Reserve Bank of India’s (RBI) court to deliver the last-mile push to growth with a rate cut next week. A majority of economists believe that the budget has set the stage for a rate cut by keeping fiscal deficit…
Wall Street in the week ahead will witness plenty of economic data, but major focus of investors will on the US Federal Reserve’s monetary policy. The us central bank will release its interest rate decision, the first of year 2025, on Wednesday. After three straight rate cuts last year, the Fed is widely expected to…
US stocks mostly rose on Thursday after US President Donald Trump’s Davos comments and corporate earnings. At the WEF in Davos , Switzerland, Trump said that he is working to reverse inflation, lower taxes and boost fossil fuels production in the US but did not elaborate on his proposed tariffs. At 11:57 a.m. ET, the Dow…
Inflation in the US, as measured by the change in the Consumer Price Index (CPI), rose 2.9% on a yearly basis in December from 2.7% in November, the US Bureau of Labor Statistics (BLS) reported on Wednesday. This reading came in line with market expectations. On a monthly basis, the CPI rose 0.4%, following the…
(Bloomberg Opinion) — Order a Big Mac in Buenos Aires and you’ll have to pay about $7 — among the world’s most expensive price-tags for the popular burger(1). It’s a consequence of Javier Milei’s “shock therapy” plan, which in his first year as Argentina’s president led to a sharp slowdown in inflation and a quick appreciation…
Real estate developers are anxiously awaiting the RBI MPC decision tomorrow and desperately hoping for a rate cut, and failing that, at least a relaxation in stance that could hold out hopes for a rate cut in the future. Affordability has become important and home sales trends show that it is those in the upper…
