Jerome Powell Archives

November 8, 2024 10:19 AM

US Fed cuts interest rates by 25 points; Powell signals cautious path forward

The Federal Reserve cut interest rates by a quarter of a percentage point on Thursday as its policymakers began taking stock of what could become a more complex economic landscape when President-elect Donald Trump takes office next year. Fed Chair J...

September 18, 2024 1:27 PM

With Fed’s rate cut at hand, debate swirls over how big a move

The Federal Reserve on Wednesday almost certainly will lower interest rates for the first time in more than four years as the U.S. central bank starts to reverse the restrictive conditions it imposed to beat back inflation, but whether policymakers o...

August 1, 2024 11:31 AM

Nifty hits all-time high, surpassing 25,000

India's benchmark index Nifty 50 opened at a record high on Thursday, crossing the 25,000 milestone for the first time. The Nifty gained 92.15 points to 25,030.95, while the Sensex added 208.34 points, or 0.25 percent, to 81,949.68. Maruti Suzuki, J...

June 13, 2024 11:23 AM

Fed leaves rates unchanged, sees only one 2024 cut despite inflation progress

The Federal Reserve held interest rates steady on Wednesday and pushed out the start of rate cuts to perhaps as late as December as policymakers sketched out their view of an economy that remains virtually unchanged across its major dimensions for ye...

December 14, 2023 10:10 AM

U.S. Federal Reserve leaves interest rates unchanged, signals cuts in 2024

The Federal Reserve left interest rates unchanged on Wednesday and U.S. central bank chief Jerome Powell said the historic tightening of monetary policy is likely over as inflation falls faster than expected and with a discussion of cuts in borrow...

November 2, 2023 10:28 AM

U.S. Federal Reserve keeps interest rates unchanged

The Federal Reserve held interest rates steady on Wednesday as policymakers struggled to determine whether financial conditions may be tight enough already to control inflation, or whether an economy that continues to outperform expectations may nee...